Investment Costs Research Articles

Economic Analysis of High-Speed Railways: A Holistic Methodological Approach

The most controversial issue regarding a high- speed railway investment is the huge capital cost, and the main question is whether its benefits will be worth the huge investment costs. High-speed railways have long planning processes and face great risks. Therefore, a holistic approach has been required under conditions of uncertainty. The purpose of this paper is to unify the methods for determining the huge rail investment costs. This paper investigated the economic analysis of high- speed railways as a part of a new silk iron road corridor, in terms of both passenger and freight railway transport between Europe and Asia. In this context, a benefit-cost evaluation of the Ankara-Sivas high-speed railway as a part of the backbone railway line of Turkey's Edirne- Kars high-speed railway corridor has been carried out. A holistic methodological method is presented for evaluating the benefit-cost analysis of both high-speed and freight railways. The economic analysis results show that in cross-continental countries, network effects must be taken into consideration when evaluating the high- speed railway's benefit-cost analysis.

A review on sustainable management of biomass: physicochemical modification and its application for the removal of recalcitrant pollutants-challenges, opportunities, and future directions.

Adsorption is one of the most efficient methods for remediating industrial recalcitrant wastewater due to its simple design and low investment cost. However, the conventional adsorbents used in adsorption have several limitations, including high cost, low removal rates, secondary waste generation, and low regeneration ability. Hence, the focus of the research has shifted to developing alternative low-cost green adsorbents from renewable resources such as biomass. In this regard, the recent progress in the modification of biomass-derived adsorbents, which are rich in cellulosic content, through a variety of techniques, including chemical, physical, and thermal processes, has been critically reviewed in this paper. In addition, the practical applications of raw and modified biomass-based adsorbents for the treatment of industrial wastewater are discussed extensively. In a nutshell, the adsorption mechanism, particularly for real wastewater, and the effects of various modifications on biomass-based adsorbents have yet to be thoroughly studied, despite the extensive research efforts devoted to their innovation. Therefore, this review provides insight into future research needed in wastewater treatment utilizing biomass-based adsorbents, as well as the possibility of commercializing biomass-based adsorbents into viable products.

Critical risk management strategies for the operation of public–private partnerships: a vulnerability perspective of infrastructure projects

PurposeThe success of public–private partnership (PPP) projects is highly correlated to the successful management of risks encountered during the operation phase. PPP projects are especially exposed to risk due to the long operation period over which revenues need to be generated to recoup substantial initial investment and operational running costs. Despite the critical impact of risk exposure, limited research has been specifically undertaken on the matter of operational risk management. This study seeks to address this oversight by identifying and evaluating operational risk management strategies for PPPs.Design/methodology/approachVulnerability theory is the theoretical lens used, with context drawn from Chinese PPP projects. Based on the data collected from expert interviews and questionnaires, 28 operational risk management strategies are identified. A fuzzy synthetic method is employed to analyze the effectiveness of the 28 strategies.FindingsThe findings reveal that providing an exit mechanism clause into the contract, establishing a comprehensive performance evaluation mechanism and developing a clear compensation mechanism are the top three effective strategies. This study also reveals that risk mitigation approaches that reduce vulnerability prove more effective than attempts to reduce external threats. Specifically, strategies aimed at managing contract, political, technical and financial risk are the most effective.Originality/valueThe findings of this study extend current knowledge regarding the risk management of PPP projects. They also offer a reference by which practitioners may select effective operational risk management pathways and thereby, galvanize the sustainable development of PPPs.

Subsidy Policies and Economic Analysis of Photovoltaic Energy Storage Integration in China

In the context of China’s new power system, various regions have implemented policies mandating the integration of new energy sources with energy storage, while also introducing subsidies to alleviate project cost pressures. Currently, there is a lack of subsidy analysis for photovoltaic energy storage integration projects. In order to systematically assess the economic viability of photovoltaic energy storage integration projects after considering energy storage subsidies, this paper reviews relevant policies in the Chinese photovoltaic energy storage market. It analyzes the cost and revenue composition of photovoltaic energy storage integration projects, and constructs a system dynamics model for the levelized cost of electricity (LCOE) of such projects. Taking a specific photovoltaic energy storage project as an example, this paper measures the levelized cost of electricity and the investment return rate under different energy storage scenarios. Combining energy storage allocation ratios and internal rate of return indicators, this paper analyzes the net present value of photovoltaic energy storage integration projects under different subsidy standards. The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited capacity to cover energy storage investment costs, thereby failing to incentivize capital market participation in the construction of such projects. Rational allocation of energy storage capacity and optimization of corresponding subsidy policies are crucial prerequisites for enhancing the economic viability and widespread adoption of photovoltaic energy storage integration projects. This study not only aids in investment decision making for photovoltaic power stations but also contributes to the formulation of energy storage subsidy policies.

INTEGRATING SOLAR POWER WITH EXISTING GRIDS: STRATEGIES, TECHNOLOGIES, AND CHALLENGES – A REVIEW

Integrating solar power into existing electrical grids is critical to realizing a sustainable and resilient global energy landscape. This review paper offers a thorough overview of solar power's significance and potential for transforming energy systems, emphasizing its benefits for grid stability, fossil fuel reduction, and environmental sustainability. It details essential strategies for successful solar integration, such as adopting both grid-tied and off-grid systems, advancements in energy storage to mitigate solar intermittency, and applying innovative grid technologies for enhanced energy management. Additionally, the paper navigates through the technological breakthroughs aiding solar power's incorporation into grids and confronts the challenges, including technical issues like grid scalability and economic barriers such as investment costs, regulatory complexities, and social-environmental impacts. Drawing on case studies from leading regions in solar integration, it distills lessons learned and identifies strategies and technologies that have surmounted these hurdles. The review also projects future trends and innovations in solar technology and grid management, underscoring the need for ongoing innovation and supportive policies to bolster solar power's role in energy systems. By collating insights into solar power integration's current state and prospects, this paper will guide policymakers, industry players, and researchers toward harnessing solar energy's full potential, highlighting its indispensable contribution to a sustainable energy future.

Design and Fabrication of Sambar Serving Machine

We know that are many ways to fabricate sambar vending machine, but all these ways take more time. Our aim is to reduce the time by “Design and Fabrication of Sambar Serving Machine” and increase the productivity. By this method pouring operations can be performed in a sequence. They are sambar, water, milk etc… by using clutch mechanism and lifter. This method reduces human effort and saves the production time. Apart from other methods this method can be used in places where investment cost has to be minimized. The device has been fabricated and tested which was able to perform the serving of sambar in in a controlled and consistent manner.

Efficiency and productivity gains of robotic surgery: The case of the English National Health Service.

This paper examines the effect of new medical technology (robotic surgery) on efficiency gains and productivity changes for surgical treatment in patients with prostate cancer from the perspective of a public health sector organization. In particular, we consider three interrelated surgical technologies within the English National Health System: robotic, laparoscopic and open radical prostatectomy. Robotic and laparoscopic techniques are minimally invasive procedures with similar clinical benefits. While the clinical benefits in adopting robotic surgery over laparoscopic intervention are unproven, it requires a high initial investment cost and carries high on-going maintenance costs. Using data from Hospital Episode Statistics for the period 2000-2018, we observe growing volumes of prostatectomies over time, mostly driven by an increase in robotic-assisted surgeries, and further analyze whether hospital providers that adopted a robot see improved measures of throughput. We then quantify changes in total factor and labor productivity arising from the use of this technology. We examine the impact of robotic adoption on efficiency gains employing a staggered difference-in-difference estimator and find evidence of a 50% reduction in length of stay (LoS), 49% decrease in post-LoS and 44% and 46% decrease in postoperative visits after 1year and 2years, respectively. Productivity analysis shows the growth in radical prostatectomy volume is sustained with a relatively stable number of urology surgeons. The robotic technique increases total production at the hospital level between 21% and 26%, coupled with a 29% improvement in labor productivity. These benefits lend some, but not overwhelming support for the large-scale hospital investments in such costly technology.

Consequences of using renewable energy sources

Developed countries offset global warming by abandoning high-carbon products in favour of low-carbon products and by introducing a transboundary carbon tax for those countries that are unable to make the transition immediately. One of the ways of the transition in developed countries is proposed generation of electricity from renewable energy sources (hereinafter referred to as RES). The purpose of the article is to assess the consequences of ­using RES as one of the ways to the transition to low-carbon products. RES are the object of the study, especially wind and solar power plants. Energy generation on them is considered an environmentally friendly production and does not require large operational costs. The subject of the study is economic relations that occur concerning construction and use of RES. The methodological basis of the study includes general scientific methods (generalization, systematisation) and economic-statistical methods (comparative analysis, tabular techniques for data visualisation). The main results of the study lie in justifying large investment costs in RES which are associated with provision of significant areas of land and sea and their withdrawal from agricultural turnover; with scarce and poorly developed deposits of non-energy commodities which are necessary for the creation of RES equipment; with unevenness in energy production and its low density in wind and solar power plants. That requires investments in storage and balancing systems. In pursuit of environmentally friendly production the West does not consider many components of economic efficiency: environmental protection and safety of working and living conditions of some countries in Asia, Africa and South America, and natural means of absorbing greenhouse gases. It should be ignored in the future when justifying economic efficiency of RES.

Two‐stage stochastic‐robust planning of distributed energy storage systems with Archimedes optimisation algorithm

AbstractWith the advancement of energy storage technologies, energy storage systems (ESSs) have emerged as a promising solution for distribution networks to mitigate the impact of intermittent and violate renewable energy sources. The optimal planning of distributed ESS is studied to minimise the investment and operational costs for the distribution system operator. To address the various uncertainties associated with load demand and distributed generation, the authors formulate the problem as a two‐stage stochastic‐robust optimisation problem. The proposed formulation implements various representative scenarios of actual operating conditions and constructs the robust uncertainty set to ensure feasibility under worst‐case scenarios. In view of the computational complexity of the proposed model, a solution approach combining the Archimedes optimisation algorithm and the global optimisation method is presented. By decomposing the investment and operation stages, the subproblems are relaxed into mixed integer second‐order cone programming models, which can be solved in parallel based on scenarios. Numerical studies are carried out on a 17‐node test system to demonstrate the validity of the proposed model and algorithm. In addition, a comparison between the proposed method and the genetic algorithm is performed, to illustrate its superiority in solving speed and solution optimality.

Modeling an Investment Framework for BMTA Electric Bus Fleet Development

In Thailand, diesel buses are notorious for their poor energy efficiency and contribution to air pollution. To combat these issues, battery electric buses (BEBs) have emerged as a promising alternative. However, their high initial costs have posed challenges for fleet management, especially for agencies such as the Bangkok Mass Transit Authority (BMTA). This study aims to revolutionize BEB fleet management by developing an energy model tailored to the BMTA’s needs. The methodology consists of two crucial steps: analyzing BMTA bus routes and designing fleet management and charging systems. Through this process, the study seeks to determine the maximum number of BEBs that can be operated on each route with the fewest chargers possible. The results reveal exciting possibilities. Within the city bus landscape, two out of five BMTA bus routes show potential for transitioning to BEBs, provided they meet a maximum energy requirement of 200 kWh every two rounds. This analysis identifies routes ripe for BEB adoption while considering the limitations of battery size. In the next step, the study unveils a game-changing strategy: a maximum of 13 BEBs can operate on two routes with just four chargers requiring 150 kW each. This means fewer chargers and more efficient operations. Plus, the charging profile peaks at 600 kW from 4:00 to 8:00 p.m., showing when and where the fleet needs power the most. However, the real eye-opener? Significant energy savings of THB 10.44 million per year compared to diesel buses, with an initial investment cost savings of over 37%. These findings underscore the potential for BEB fleet management to revolutionize public transportation and save money in the long run. However, there is more work to be done. The study highlights the need for real-time passenger considerations, the development of post-service charging strategies, and a deeper dive into total lifetime costs. These areas of improvement promise even greater strides in the future of sustainable urban transportation.

Green HRM Practices

Green Human Resource Management (Green HRM) integrates environmental sustainability into core HR practices. It goes beyond just business operations and promotes eco-friendly practices throughout the organization. Green HRM encompasses the entire employee lifecycle, from attracting environmentally conscious talent during recruitment to influencing employee behavior through training and performance management. By effectively implementing Green HRM practices, organizations can not only reduce their carbon footprint through practices like reduced paper usage or energy-efficient buildings, but also cultivate a more environmentally responsible workforce. This can lead to significant benefits like cost savings and attracting top talent who value sustainability, ultimately enhancing the organization's reputation. However, challenges like initial investment costs or employee resistance can arise during implementation. Green HRM has emerged as a critical concept in recent times, seamlessly integrating ecological management with practices in business, urbanization, and industrialization. Its core focus lies in managing human resources effectively while ensuring good working conditions. Green HRM procedures are strategically designed to minimize the carbon footprint of both individual employees and the organization itself. This extends beyond just carbon reduction, as Green HRM also plays a vital role in encouraging employees to conserve resources, participate in waste management initiatives, and contribute to pollution control efforts. The growing importance of Green HRM necessitates increased awareness among companies regarding its multifaceted capabilities. Striking a balance between ecological sustainability and effective human resource management has become crucial. Businesses are now recognizing the significance of considering not just financial gains, but also the social and environmental impacts of their operations to ensure long-term sustainability. This growing recognition has recently captured the attention of academic researchers and practitioners, leading to a surge in scholarly studies on the subject. This research paper delves into Green HRM practices within organizations, drawing insights from a comprehensive analysis of current literature. The aim is to explore the importance of Green HRM concepts, practices, and strategies while acknowledging the challenges faced by businesses and other organizations in implementing them. By utilizing established research methodologies, the study will observe, collect, and analyze contemporary research on Green Human Resource Management, providing valuable insights into this evolving field.

Innovative decision-making for solar photovoltaic system installation in residential energy hubs: A probabilistic dynamic planning approach

This paper introduces an innovative probabilistic dynamic planning model tailored to optimize photovoltaic (PV) system installation within Residential Energy Hubs (REHs). The REH amalgamates diverse components, including PV systems, Combined Heat and Power (CHP) units, and gas boilers, to holistically fulfill residential thermal and electrical energy demands. The model's primary objective is to achieve an optimal equilibrium between minimizing initial investment costs associated with PV systems and managing ongoing energy expenses within the REH framework, encompassing potential PV energy losses over the planning horizon. To augment the flexibility and benefits of PV systems for residential consumers, the model integrates several pioneering features. Particularly notable is the introduction of a heating energy storage system, which complements the REH's thermal requirements and adeptly reacts to fluctuations in gas and electricity prices, thereby maximizing PV system benefits and ensuring homeowners' cost efficiency. Moreover, the model addresses the inherent uncertainty tied to PV generation by employing a two-point estimation method, offering a more realistic depiction of system performance and potential outcomes. To resolve the two-objective problem, an initial conversion into a single-objective problem via a weighted summation method precedes the application of an optimization algorithm inspired by symbiotic organisms. The paper demonstrates the practical application and efficacy of the proposed model through extensive simulations spanning a 10-year planning horizon. The results underscore the model's effectiveness and versatility in guiding residential consumers to make informed and economically viable decisions regarding PV system installation within the broader spectrum of their energy requirements. This research represents a significant stride towards empowering homeowners with invaluable tools for embracing sustainable energy solutions.

Techno-economic analysis of blue ammonia synthesis using cryogenic CO2 capture Process-A Danish case investigation

Ammonia is a vital chemical with numerous applications. Currently, the primary methods for generating the necessary reactants for ammonia production involve steam methane reforming (SMR) and cryogenic air separation unit (CASU), while the Haber-Bosch process converts these reactants into ammonia. However, the SMR process releases substantial amounts of CO2, making it imperative to employ an efficient and cost-effective CO2 capture technology to mitigate emissions. This investigation focuses on evaluating the cryogenic CO2 capture (CCC) process for blue ammonia production and provides a thorough economic analysis, estimating both the initial investment costs and operational expenses involved in producing blue ammonia. The results indicated that the CCC process can capture 90% of the CO2 content in the flue gas emitted by the SMR, incurring an energy penalty of 0.724 MJe/kgCO2 while capturing CO2 in the liquid phase with purities exceeding 99.9%. In this case, the estimated CO2 capture costs would be 18.05, 45.1, and 16.65 USD/ton in 2021, 2022, and 2023, respectively. This represents a 40% reduction compared to the CO2 capture costs associated with conventional amine-based technology. The results of this study indicate that the annual electricity costs for ammonia production increase by 38.5% and 64.2% when employing the CCC and amine-based processes, respectively. This investigation employed an isothermal reactor for ammonia synthesis, using the heat from the exothermic reaction in a water ammonia absorption refrigeration cycle (ARC) to condense and purify ammonia. The results show that the ARC system can effectively condense ammonia at −6 °C, producing a liquid ammonia stream with 99.3% purity. This leads to a 95% reduction in power consumption compared to a vapor compression refrigeration cycle (VCRC). Consequently, this method has the potential to decrease the annual operational costs for ammonia production by 2.92%, 2.69%, and 3.13% in 2021, 2022, and 2023, respectively. This study indicated that the hydrogen production unit incurs the highest initial investment costs, as well as operating costs, in the blue ammonia production process, followed by CASU and the Haber-Bosch process.

Integration of proton exchange membrane fuel cell with air gap membrane distillation for sustainable electricity and freshwater cogeneration: Performance, influential mechanism, multi-objective optimization and future perspective

Proton exchange membrane fuel cell (PEMFC) converts vast majority of hydrogen energy into waste heat, resulting in energy wasting, membrane drying and even lifetime shortening. Herein, air gap membrane distillation is proposed to immediately remove and harness the waste heat from PEMFC for additional freshwater production. By quantifying the irreversible thermodynamic and electrochemical losses, mathematical formulas for the water production, power generation and overall efficiency are derived to evaluate the system performance. After a rigorous model validation, the performance feature, feasibility and competitiveness of the proposed system are examined. The integration system achieves a peak power density 23.69 % higher than that of a single PEMFC at 353 K, with a corresponding increase in exergy efficiency by 3.61 %. In addition, the influential mechanisms of the PEMFC operating conditions, air gap thickness, coolant temperature, and properties of the proton exchange membrane and hydrophobic porous membrane are investigated to discern potential avenues for further performance improvement. The gradient-based local sensitivity analyses further determine the optimal parameter regulation strategies for different output targets. The economic study indicates that the levelized costs of water and electricity over the total lifecycle are 21.53 $ m−3 and 0.061 $ kWh−1, respectively. The multi-objective optimization, integrating genetic algorithm and the technique for order preference by similarity to an ideal solution, maximizes the exergy efficiency and output power density while minimizing the initial investment cost per unit area, with values of 42.84 %, 0.975 W cm−2, and 27.33 $ cm−2, respectively.

The Impact of the Industrial Internet on the Innovation and Development Level of China’s Manufacturing Industry: Under the Perspective of Government Incentives

In the era of the digital economy, it has become an inevitable trend for manufacturing enterprises to establish industrial Internet platforms toward achieving transformation and innovative development. However, the current development model of industrial Internet platforms is still imperfect, wherein the application scenario is complex, the investment cost is too high, the return-on-investment cycle is too long, and other factors have hindered the willingness of manufacturing enterprises to employ cloud services and capital investment. For this reason, governments have introduced a series of relevant incentive policies to promote the development of industrial Internet platforms and the transformation and upgrading of manufacturing enterprises. Considering the role of government incentives, this study first constructs an evolutionary game model with local governments, manufacturing enterprises, and industrial Internet platforms as the main players. Then, the dynamic change process of each game player’s strategy choice and the stable state of the system evolution under multiple scenarios are analyzed, and the validity of the conclusions is verified through a numerical simulation analysis. Finally, the statistical data of 28 provinces in China from 2018 to 2020 are used to conduct an empirical test to explore the impact of the industrial Internet on the transformation and innovation development of the manufacturing industry and the role of government incentives. The results show that the development of the industrial Internet has a significant role in promoting the innovation and development of the manufacturing industry; government incentives can promote the innovation and development of the industrial Internet and manufacturing industry, but incentives should not be too generous; and the impact of developing the industrial Internet on the level of innovation input/output of the manufacturing industry shows obvious regional differences. This study takes the local government as an independent game participant into consideration, which enriches the research field of combining evolutionary game theory with the transformation and innovative development of the manufacturing industry. In addition, this study provides theoretical guidance and practical references for the government to formulate incentive policies to promote the development of industrial Internet platforms and for manufacturing enterprises to utilize these platforms to carry out innovation and perform upgrades.

A novel green methanol – heat cogeneration system based on municipal solid waste plasma gasification and coke oven gas: Energy, exergy, economic, and environmental assessment

Burning municipal solid waste for disposal contributes significantly to atmospheric pollution. Utilizing municipal solid waste for green methanol production can alleviate environmental burdens. This study proposes a novel approach based on municipal solid waste plasma gasification, integrating coke oven gas catalytic reforming for green methanol synthesis. A comparative analysis is conducted against a conventional scheme involving water gas shift for syngas production. Simulation models of both approaches are constructed, revealing that the newly proposed system achieves higher methanol synthesis yield and energy utilization efficiency at 90.57 % and 61.28 %, respectively, with an exergy efficiency of 63.74 %. The project incurs an investment cost of 11,448.70 k$, with a dynamic payback period of 4.18 years after a 1-year construction cycle. The net present value over a 25-year operational span is 21,899.16 k$. Additionally, the proposed system emits less than 0.06 tons of carbon dioxide per ton of green methanol, significantly lower than the 0.72 tons emitted by the water gas shift-adjusted syngas synthesis scheme. It makes the proposed approach a potential negative carbon emitter compared to municipal solid waste incineration. Therefore, the system demonstrates favorable thermodynamic performance, coupling with substantial economic and environmental benefits.

Techno-economic assessment of renewable hydrogen production for mobility: A case study

Renewable hydrogen produced by water electrolysis from intermittent energy sources (i.e. sun and wind) is considered one of the most promising energy carriers for the decarbonisation of the so-called “hard-to-abate” sectors, especially heavy-duty transport and industry. To this reason, several new projects are currently under development and public fundings are widely available to boost the renewable hydrogen market. In this fast-changing scenario, this paper presents the techno-economic analysis of an integrated system where renewable power generation, electrolytic hydrogen production and final hydrogen use are closely integrated within a specific site, allowing higher efficiency as well as a containment of hydrogen production and handling cost. The analysis here presented considers a specific case study that includes a 12.5 MWP photovoltaic plant, a 5 MW electrolyser capable to produce nearly 300 t/yr. of renewable hydrogen, and a compression and storage system, all located in Sardinia (Italy). Differently from previous studies, this work faces the analysis from two opposite perspectives: on the one hand, it allows the assessment of the levelized cost of hydrogen during the whole project’s life, making the results comparable to those from other similar analyses; on the other hand, it presents the calculation of project’s profitability in terms of net present value, internal rate of return and payback time from the perspective of a potential investor. The analysis shows that a whole investment of about 20.3 M€ is required, which allows to achieve a levelised cost of hydrogen of 4.09 €/kg, which can decrease to 2.97 €/kg considering the revenues from selling oxygen and the overproduction of electricity. The potential use of renewable hydrogen in urban public transport (by means of fuel cell electric vehicles) has been considered as well, in comparison with conventional diesel buses. Despite the lower cost for fuel (0.41 €/km for hydrogen buses vs. 0.72 €/km for diesel buses) and maintenance and repair (0.20 €/km vs. 0.27 €/km), as well as the lower CO2 emission (some 76 t/yr. saved per bus), the very high investment cost for hydrogen-fuelled buses (up to 720,000 €) makes hydrogen still not competitive with diesel for urban transport, being hydrogen buses characterised by a whole specific transport cost of 1.45 €/km, to be compared with 1.04 €/km for diesel buses.

Investment Strategy and Benefit Analysis of Power and Heat Hybrid Energy Storage in Industrial Parks Based on Energy Performance Contracting

To solve the problems of a single mode of energy supply and high energy cost in the park, the investment strategy of power and heat hybrid energy storage in the park based on contract energy management is proposed. Firstly, the concept of energy performance contracting (EPC) and the advantages and disadvantages of its main modes are analyzed, and the basic scheme of EPC for parks is proposed combined with the actual demand. Furthermore, the multiple energy storage model for power and heat storage in parks is established, which includes lithium batteries and heat storage tanks. Based on this, minimizing the annual operation cost of parks is taken as the optimization goal, and the capacity optimization model for power and heat storage is constructed, which considers the investment costs, operation and maintenance costs, purchased energy costs, peak-shaving subsidy, and environmental subsidy. Finally, an industrial park is selected as an example of EPC to verify the effectiveness of our proposed investment strategy. The results show that compared with the situation before the energy-saving renovation, the park can save 35.14 ten thousand CNY in annual cost expenses. When the unit power price of the lithium battery exceeds 3900 CNY/kW, the unit capacity price exceeds 5460 CNY/kWh, the unit power price of the heat storage tank (HST) exceeds 6000 CNY/kW, and the unit capacity price exceeds 1000 CNY/kWh, the configuration of the lithium battery and HST in the park is no longer the optimal choice to perform the energy-saving renovation.

Experimental Test Bench In A Wave Flume For The Development Of A New Mini Morphable Wells Turbine

The aim of this research study is to perform experimental tests on a new morphable mini Wells turbine designed to operate in presence of waves with limited energy content which presents a high frequency of occurrence along the Mediterranean coasts (Corsini et al., 2010). The strengths of these mini Wells turbines are: i) extremely light rotor; ii) no need of actuators to morph the rotor blades; iii) low construction and maintenance costs; iv) capability to produce energy starting from low wave heights in the order of a few decimetres. Furthermore, the small size and low investment costs of the turbine make it particularly suitable to be installed either in existing structures, such as anti-reflective perforated caissons (often used in the Mediterranean harbors), or in devices for coastal defense from erosive phenomena located on shallow water conditions. The need to carry out experimental tests derives from the difficulty of handling in a virtual Computational Fluid Dynamics environment the huge difference in the time scale of the turbine, which spins at 1500-3000 rpm, and the wave periods, in the order of some seconds (Corsini et al., 2012; Barnabei et al., 2020). Properly designed lab tests, executed in controlled conditions with irregular sea states, are therefore mandatory to fully characterize the behavior of morphable Wells turbines to be employed in the Mediterranean Sea, and in particular to assess their self-start capability.

Stakeholders' Perception on the Current Practices of Industrial Building System (IBS) Construction Technology

The Industrialised Building System (IBS) has been adopted in the Malaysian construction sector to replace the conventional building approach. Despite the government's attempts to encourage IBS adoption, the use of IBS in Malaysian building projects remains low. This study aims to gather stakeholders' views on drivers, barriers, and strategies to improve IBS implementation in Malaysia. About 52 questionnaires were received from IBS stakeholders in Johor such as consulting firms, contractors and IBS manufacturers. Average Index Analysis was used to analyse the questionnaire data on the main factors: current drivers, factors when considering IBS construction, current barriers and strategies to increase IBS construction. From the questionnaire survey, among the main drivers of IBS construction in Malaysia are technology advancement, reduce completion time and improve quality and productivity. Stakeholders also perceived that supervision on continuous and regular improvements and IBS implementation needs planning for productive process among the main factors when considering IBS construction. Meanwhile, the main barriers for IBS construction perceived are high initial cost investment in projects related to IBS construction, lack of skilled workers and unable to adapt instant changes to design modification in IBS construction. Several main strategies were noted to enhance the IBS implementation such as improving the balance between supply and market demand, innovation in creating eco-friendly sustainable construction and factory production optimization for IBS items. The outcomes of the study could assist relevant parties to understand the current drivers and barriers of IBS construction, and further help them to enhance the IBS implementation in Malaysia.