Abstract
In this work, we investigate a system of solar and thermal heat collectors in combination with local and electric net storage. The system is implemented in a Witness Horizon simulation model, allowing for the investigation and scenario analysis of different use cases. In a practical industrial application example use-case, using simulation and Discounted Cash Flow (DCF) analysis, the economic feasibility of the best system variant could be calculated. The developed model includes the local consumption and production profile and it was evaluated by a DCF model after the dynamic energy modelisation with the generic industrial production system simulation software WITNESS Horizon. This model can be in future further extended to generic and more complex production systems, simultaneously integrating the DCF cost evaluation analysis and following direct economic optimisation as well as integrating it with the production portfolio theory approach by integrating diversified virtual production market aspects and market goal-oriented optimisation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Sustainable Energy Conference - Proceedings
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
