Techno-economic analysis of a combined heat and power system integrating hybrid photovoltaic-thermal collectors, a Stirling engine and energy storage

Abstract

This paper presents a comprehensive analysis of the energetic, economic and environmental performance of a micro-combined heat and power (CHP) system that comprises 29.5 m2 of hybrid photovoltaic-thermal (PVT) collectors, a 1-kWe Stirling engine (SE) and energy storage. First, a model for the solar micro-CHP system, which includes a validated transient model for the SE micro-CHP unit, is developed. Parametric analyses are performed throughout a year to evaluate the effects of key component sizes and operating parameters, including collector flow rate, storage tank size, SE micro-CHP flow rate, and battery capacity, on the energetic, economic and environmental performance of the proposed system using real hourly weather data, and thermal and electrical energy demand profiles of a detached house located in London (UK). The optimum component sizes and operating parameters are determined accordingly. The daily and monthly operating characteristics of the system are evaluated, and its annual performance is compared to those of a reference system (gas boiler plus grid electricity), as well as of other alternative solar-CHP systems including a PVT-assisted heat pump system and a standalone PVT system. The results indicate that the installation of such a system can achieve an annual electricity self-sufficiency of 87% and an annual thermal energy demand coverage of 99%, along with annual primary energy savings and carbon emission reduction rate of 35% and 37% relative to the reference system. Over 30 years of operation, the net present value (NPV) of the proposed system is £1990 and the discounted payback period is 28 years. The economics of the proposed system is very sensitive to utility prices, especially the electricity purchase price. Relative to the alternative solar systems, the proposed system offers greater environmental benefits but has a longer payback period. This implies that although the energy saving and emission reduction potential of the proposed system is significant, the initial/capital investment, especially of the SE CHP unit and the PVT collector array, are currently high, so efforts should focus on the cost reduction of these technologies.