Holker, Phil;
Marini, Dashamir;
(2024)
A Techno-Financial Performance Analysis of Heat Pumps and Recovery Systems in Future Energy Markets.
In:
Proceedings of the 4th IBPSA-Scotland uSIM Conference.
IBPSA Scotland: Edinburgh, UK.
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Abstract
This research investigates the financial suitability of high-efficiency air-to-air heat pump and heat recovery systems in comparison to their standard unit equivalents in a variety of future energy market conditions. A notional thermal model for commercial workplaces was created to estimate the yearly energy usage and equipment quantities for each unit. The required financial and performance inputs for this research was sourced from various manufacturers and suppliers for heat pump and heat recovery units. The financial assessment model was developed to ascertain the operational and capital cost implications between the high-efficiency and standard systems. The model estimates the effect on payback and analyses the cost-benefit of high-efficiency systems while accounting for different yearly changes in energy prices. The financial aspect forms a key element of this study, with the outcomes indicating the suitability of high-efficiency units. The financial analysis only considered the outdoor unit, as the other system components would be the same as the units are designed for the same delivery capacity. This investigation determined out high-efficiency units achieved payback in most scenarios, providing savings in both cost and carbon emissions and are a suitable investment providing the required capital is available.
| Type: | Proceedings paper |
|---|---|
| Title: | A Techno-Financial Performance Analysis of Heat Pumps and Recovery Systems in Future Energy Markets |
| Event: | 4th IBPSA-Scotland uSIM Conference |
| Location: | Edingburgh |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://eng.ed.ac.uk/about/events/20241125-0900/us... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10209253 |
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