Abstract
The financial viability of a solar Seasonal Thermal Energy Store (STES) installed in a mixed commercial and residential multiunit development of low-energy buildings located in Lysekil, Sweden, a maritime Scandinavian Climate has been investigated. Using recorded figures for the installation costs and performance, a financial Life Cycle Analysis has been undertaken to determine the cost effectiveness of the system.The time value of money is considered and a Life Cycle Cost (LCC) analysis undertaken to identify the cost-effectiveness of the solution. It shows that while a direct heating and hot water system incorporating STES can be economically viable in a Swedish Maritime Climate in the long term, assistance such as that provided by government incentives is required to assist with the high capital cost of the initial investment.
Original language | English |
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Title of host publication | BIRES Proceedings |
Editors | Soteris A. Kalogirou, David Kennedy |
Place of Publication | Dublin |
Publisher | Technological University Dublin |
Pages | 1-8 |
ISBN (Print) | 978-9963-697-23-6 |
Publication status | Published online - 10 Mar 2017 |
Keywords
- financial analysis
- STES
- Energy storage
- Solar energy