This study investigates the performance and economic viability of a heat recovery concentric tube heat exchanger (HR-CTHE) integrated with water heating systems using either electricity or natural gas. The system recovers heat from hot water drainage to preheat cold water, thereby enhancing energy efficiency. Computational Fluid Dynamics (CFD) simulations are conducted, examining cold and hot water drain Reynolds numbers ranging from 1,000 to 20,000, hot water drain inlet temperatures from 303 K to 333 K, diameter ratios from 1.25 to 3, and inner diameters from 0.01 m to 0.05 m. Results indicate that at an inlet temperature of 333 K and a hot water Reynolds number of 20,000, the heat recovery rate reaches approximately 20,000 W, and the preheated cold water temperature can achieve 316 K. Exergetic efficiency is highest at 0.4392 for a diameter ratio of 1.25 and an inner diameter of 0.01 m. Economic evaluations using Net Present Value (NPV) and discounted payback period indicate that coupling HR-CTHE with electric heaters is more attractive, providing higher savings and quicker returns on investment compared to natural gas heaters. For instance, integrating HR-CTHE with electric water heaters yields a discounted payback period as short as 0.2 years. In contrast, for natural gas heaters, the payback period is around 2.2 years under similar conditions. The exergoeconomic analysis further demonstrates that natural gas heaters achieve cost-effectiveness only under high hot water Reynolds numbers and inlet temperatures, while electric heaters show significant benefits at moderate to high Reh. The study concludes with recommendations for optimizing HR-CTHE performance and cost-effectiveness, emphasizing higher hot water inlet temperatures, lower diameter ratios, and appropriate Reynolds numbers for both fluids.
Read full abstract