project please write two parts (comparison and summary) project 1 is sample and please do project 2. Abstract A facility is planning a major expans

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please write two parts (comparison and summary) project 1 is sample and please do project 2.

Abstract

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project please write two parts (comparison and summary) project 1 is sample and please do project 2. Abstract A facility is planning a major expans
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A facility is planning a major expansion and will need to modify its chiller plant configuration in order to compensate for larger cooling needs. The facility has an existing chiller plant with two electric-centrifugal chillers. The design group is tasked with evaluating possible plant configurations to satisfy the new cooling load after the expansion. Four alternative solutions are presented with their respective tabulated thermal calculations. The alternatives are defined as a base case, a full storage 4-hour ice TES system, a full storage 12-hour ice TES system, and a partial storage ice TES system respectively. These four systems are analyzed by the design group to find both operating and capital costs. Once these have been determined, the payback period for each alternative can be calculated in order to find the best solution. The design group also creates a fifth alternative using their own defined assumptions for on-Peak, mid-Peak, and off-Peak power cost rates in an endeavor to create a more economical solution. After completing the analysis, the following results were achieved. The first alternative has an initial capital cost of $6,240,000, and a daily operational cost of $13,997, which was the highest operational cost. For the second alternative, an initial investment of $5,180,000 is required, and costs $11,371.16 per day to operate; the payback period is 5.41 years. Yielding the shortest payback period of 4.87 years, the third alternative has capital cost of $5,835,200 and daily operational cost of $10,714.66. The fourth alternatives capital cost and daily operational costs are $5,017,600 and $11,807.27 respectively with a payback period of 6.27 years. Lastly, the fifth alternative had a capital cost and daily operational cost of $6,650,000 and $10,714.66 respectively with a payback period of 5.53 years. Consequent of the groups findings, Alternative 3 resulted in the lowest daily operational cost thus achieving the shortest payback period.

Introduction

The cooling load is given in tons, the value must be converted to kWh using the equation below:
(1)
Where,
The conversion 3.517 is used to convert tons to kW,
Assuming a
Once the electricity consumption is determined, the operating costs can be calculated based on the Time-of-Use (TOU) electric rates listed below:
on-peak (1:00 pm 5:00 pm): $0.5/kWh

mid-peak (10:00am 1:00 pm, and 5:00 pm – 10:00 pm): $0.3/kWh

off-peak (10:00 pm – 10:00 am): $0.1/kWh

Depending on the time when the chillers are running, the operating costs are calculated using the following equation:
(2)
The capital costs of each system can be determined depending on each systems cooling output in tons. The list below shows the price per ton (PPT) for the different systems:
Electric centrifugal chiller plant cost: $4,800/ton
Ice-making chiller cost: $2,800/ton
Ice TES cost: $600/ton-hour

The capital cost can then be determined using the following equation:
(3)

Results and Discussion

Alternative 1 Base Case:

The first alternative uses an additional 1,300-ton chiller that is powered to run for 24 hours. Table 1 below shows the facilitys cooling loads and the chillers electricity consumption, and operating costs highlighted in blue.

As shown in the table, the chiller consumes 49,203 kWh per day at a cost of $13,997. The capital cost of the system is shown below:

Alternative 2 Full storage 4-hours ice TES system:

The second alternative uses a full storage, external ice TES system which would include two existing 1,300-ton electric centrifugal chillers, existing primary pumps, existing secondary pumps, and a new 7,000-ton-hour ice TES system. The ice TES system includes two underground ice storage tanks with ice coils, a 350-ton ice-making chiller, and other facilities.
This alternative will operate during the off and mid-peak hours and will stop operating during on-peak hours. Table 2 shows the electricity consumption for the both the existing centrifugal chillers and 350-ton ice-making chiller and the operating costs highlighted in blue.

With a total daily electricity consumption of 49,172 kWh, the daily operating costs adds up to about $11,371.16 per day. The capital cost of the new system which include a 350-ton ice-making chiller and 7,000-ton-hour TES is shown in the calculation below:

The payback period for alternative 2 is shown in Figure 1. With an operating cost of $9,329.01 and a capital cost of $5,180,000 the payback period is determined to be 5.41 years.

Figure 1. Cashflow plot for alternative 2

Alternative 3 Full storage 12-hours ice TES system:

Alternative 3 includes a full storage ice TES system and builds ice during the off-peak hours to use during the on-peak hours. The ice-making chiller is rated at 584 tons and does not function during the mid-peak and on-peak hours. Table 3 shows the electricity consumption for the centrifugal chillers, 584-ton ice-making chiller, and the operating costs highlighted in blue.

As shown in the table, the electricity consumption totals to 49,172 kWh and the daily operating cost is $10,714.66. The capital cost of the system is shown below:

With an operational cost of $10,714.66 per day and a capital cost of $5,835,200 the payback period is determined to be 4.87 years. This is shown in Figure 2 below.

Figure 2. Cashflow plot for alternative 3

Alternative 4 Partial storage (load levering strategy) ice TES system:

Alternative 4 is a partial storage system which includes an ice TES system, an ice-making chiller which is operational all day, and the existing centrifugal chillers. The ice-chillers capacity is 292 tons. Table 4 shows the electricity consumption for the centrifugal chillers, 292-ton ice-making chiller, and the operating costs highlighted in blue.

As shown in the table, the electricity consumption totals to 49,172 kWh per day and the operational costs are $11,807.27. The capital cost of the system is shown below:

With an operational cost of $11,807.27 per day and a capital cost of $5,017,600 the payback period for alternative 4 is determined to be about 6.27 years. Figure 3 shows the cashflow plot for alternative 4.

Figure 3. Cashflow plot for alternative 4

Alternative 5 Design Group Alternative and Economic Analysis:

Alternative 5 was a created by the group to try to achieve a shorter payback period. This alternative is similar to alternative 3, except it uses an 875-ton ice-making chiller for 8 hours during the off-peak hours instead of 12. The rest of the system is the same as alternative 3, meaning it uses the existing centrifugal chillers and has a 7000-ton ice TES system. Table 5 below shows the results achieved for the energy usage and operational costs per day highlighted in blue.

The electricity usage was determined to be 49,172 kWh per day and the daily operating costs are $10,714.66. The capital cost is shown below:

With an operating cost of $10,714.66 per day and a capital cost of $6,650,000 the payback period is determined to be about 5.53 years.

Figure 4. Cashflow plot for alternative 5

Comparison:

Alternative 1 yielded the largest operational cost per day. This is the base case alternative, which is simply adding a third 1,300-ton electric, centrifugal chiller.
Alternative 2 is a full storage system which runs during the off and mid-peak hours with a smaller ice-making chiller than used in alternatives 3 and 5. The smaller chiller results in a capital cost smaller than alternatives 1, 3, and 5, but because it runs during mid-peak hours the operational costs per day are increased. It has a payback period of 5.41 years.
According to the financial analysis, alternative 3 would be the best option. It resulted in the lowest payback period of 4.87 years. This is since it runs only during the off-peak hours, alternative 3 costs the least in terms of operational cost per day. This is because its system only ran during off-peak hours, thus achieving the smallest daily operational cost, and because it ran for the whole time during the off-peak hours.
Alternative 4 is a partial storage system which runs through all hours around the clock, it has no off time. It works 24/7 to build ice. This alternative has the lowest capital cost of the 5 alternatives, however it has the second highest operational cost behind alternative 1. It also has the longest payback period, at 6.27 years.
The goal of alternative 5 was to achieve the best payback period although that was not accomplished. This is because alternative 3 runs for the 12 hours during the off-peak thus using the least amount of money to power the chiller while having a smaller ice-making chiller capacity possible of achieving the required load while operating during the off-peak hours. Our goal for alternative 5 was to increase the ice-making chillers capacity therefore it will run for a shorter period. Because both alternative 3 and 5 run for the same electricity rate, increasing the capacity of the chiller increased the electricity usage per hour so even though the number of hours running was decreased, the operational cost remained the same. While the operational cost remained the same for alternative 5, its capital cost increased thus resulting in a more expensive system and the second longest payback period, at 5.53 years.
Table 6 below shows the capital cost, daily operational cost, and payback years for each of the alternatives. It is evident that the lower operational costs lead to a shorter payback period even though the capital cost may be higher.
Table 6. Comparison of all alternatives

Conclusion:

Examining the data presented, the conclusion drawn is that Alternative 3 is the best solution. It made the most effective use of time by running consistently during the off-peak hours. It also has the smallest daily operational cost and payback period. The main drawback of the other alternatives is that they needed to run during non-optimal hours, thus increasing in cost of operation. Alternative 5 was proposed in order to solve this problem and rival Alternative 3 by increasing the chiller capacity and decreasing the number of operating hours. As stated before, the larger chiller capacity resulted in an overall increase in capital cost while keeping an equal operational cost of Alternative 3. This jump in capital cost for Alternative 5 eliminated it from being a viable option compared to Alternative 3. When considering the three main factors of capital cost, daily operation cost, and the payback period for each, Alternative 3 is the definitive solution.
It is evident that the lower operational costs are highly beneficial even though a system may cost more initially. This leads to a shorter payback period because it costs less to run the system throughout the years of operation.
fromto
12:00 AM1:00 AM1,0291,0291,206 292342 2,333154.87charge
1:00 AM2:00 AM9639631,129 292342 2,625147.13charge
2:00 AM3:00 AM9069061,062 292342 2,917140.45charge
3:00 AM4:00 AM9219211,080 292342 3,209142.20charge
4:00 AM5:00 AM9169161,074 292342 3,501141.62charge
5:00 AM6:00 AM9159151,073 292342 3,793141.50charge
6:00 AM7:00 AM1,2041,2041,411 292342 4,085175.38charge
7:00 AM8:00 AM1,2831,2831,504 292342 4,377184.64charge
8:00 AM9:00 AM1,3771,3771,614 292342 4,669195.66charge
9:00 AM10:00 AM1,6751,6751,964 292342 4,961230.60charge
10:00 AM11:00 AM2,0562,0562,410 292342 5,253825.79charge
11:00 AM12:00 PM2,3682,3682,776 292342 5,545935.52charge
12:00 PM1:00 PM2,5212,5212,955 291341 5,836988.98charge
1:00 PM2:00 PM2,6750- 291341 3,452170.57Discharge
2:00 PM3:00 PM2,7401,2951,518 291341 2,298929.66Discharge
3:00 PM4:00 PM2,7401,3001,524 291341 1,149932.59Discharge
4:00 PM5:00 PM2,6301,1901,395 291341 0868.11Discharge
5:00 PM6:00 PM2,4452,4452,866 291341 291962.25charge
6:00 PM7:00 PM2,2182,2182,600 291341 582882.42charge
7:00 PM8:00 PM1,9621,9622,300 291341 873792.38charge
8:00 PM9:00 PM1,8381,8382,155 292342 1,165749.12charge
9:00 PM10:00 PM1,7351,7352,034 292342 1,457712.90charge
10:00 PM11:00 PM1,6171,6171,896 292342 1,749223.80charge
11:00 PM12:00 AM1,2361,2361,449 292342 2,041179.13charge
Total41,97034,97040,996 7,0008,206 11,807.27
Table 4
. Thermal calculations for Alternative 4
Ice-making Chiller
Electricity
Consumption (kWh)
Operating
cost ($)
Ice TES
capacity (ton-
hours)
Mode
Time of day
Ice-making chiller
output (tons)
Cooling loads (tons)
Centrifugal chiller
output (tons)
Centrifugal Chiller
Electricity
Consumption (kWh)
Time of day
fromto
12:00 AM1:00 AM1,0291,0291,206 0- 0120.63standby
1:00 AM2:00 AM9639631,129 0- 0112.90standby
2:00 AM3:00 AM9069061,062 8751,026 875208.79charge
3:00 AM4:00 AM9219211,080 8751,026 1,750210.55charge
4:00 AM5:00 AM9169161,074 8751,026 2,625209.96charge
5:00 AM6:00 AM9159151,073 8751,026 3,500209.85charge
6:00 AM7:00 AM1,2041,2041,411 8751,026 4,375243.73charge
7:00 AM8:00 AM1,2831,2831,504 8751,026 5,250252.99charge
8:00 AM9:00 AM1,3771,3771,614 8751,026 6,125264.01charge
9:00 AM10:00 AM1,6751,6751,964 8751,026 7,000298.95standby
10:00 AM11:00 AM2,0562,0562,410 0- 7,000723.10standby
11:00 AM12:00 PM2,3682,3682,776 0- 7,000832.83standby
12:00 PM1:00 PM2,5212,5212,955 0- 7,000886.64standby
1:00 PM2:00 PM2,6750- 0- 7,0000.00Discharge
2:00 PM3:00 PM2,7401,2951,518 0- 4,325759.09Discharge
3:00 PM4:00 PM2,7401,3001,524 0- 2,880762.02Discharge
4:00 PM5:00 PM2,6301,1901,395 0- 1,440697.54Discharge
5:00 PM6:00 PM2,4452,4452,866 0- 0859.91standby
6:00 PM7:00 PM2,2182,2182,600 0- 0780.07standby
7:00 PM8:00 PM1,9621,9622,300 0- 0690.04standby
8:00 PM9:00 PM1,8381,8382,155 0- 0646.42standby
9:00 PM10:00 PM1,7351,7352,034 0- 0610.20standby
10:00 PM11:00 PM1,6171,6171,896 0- 0189.57standby
11:00 PM12:00 AM1,2361,2361,449 0- 0144.90standby
Total41,97034,97040,996 7,0008,206 10,714.66
Mode
Ice-making Chiller
Electricity
Consumption (kWh)
Ice TES
capacity (ton-
hours)
Operating
cost ($)
Cooling loads (tons)
Centrifugal chiller
output (tons)
Centrifugal Chiller
Electricity
Consumption (kWh)
Ice-making chiller
output (tons)
Table 5
. Thermal Calculations for Alternative 5
Time of day
from
to
12:00 AM
1:00 AM1,0291,206 120.63
1:00 AM2:00 AM9631,129 112.90
2:00 AM3:00 AM9061,062 106.21
3:00 AM4:00 AM9211,080 107.97
4:00 AM5:00 AM9161,074 107.39
5:00 AM6:00 AM9151,073 107.27
6:00 AM7:00 AM1,2041,411 141.15
7:00 AM8:00 AM1,2831,504 150.41
8:00 AM9:00 AM1,3771,614 161.43
9:00 AM10:00 AM1,6751,964 196.37
10:00 AM11:00 AM2,0562,410 723.10
11:00 AM12:00 PM2,3682,776 832.83
12:00 PM1:00 PM2,5212,955 886.64
1:00 PM2:00 PM2,6753,136 1568.00
2:00 PM3:00 PM2,7403,212 1606.10
3:00 PM4:00 PM2,7403,212 1606.10
4:00 PM5:00 PM2,6303,083 1541.62
5:00 PM6:00 PM2,4452,866 859.91
6:00 PM7:00 PM2,2182,600 780.07
7:00 PM8:00 PM1,9622,300 690.04
8:00 PM9:00 PM1,8382,155 646.42
9:00 PM10:00 PM1,7352,034 610.20
10:00 PM11:00 PM1,6171,896 189.57
11:00 PM12:00 AM1,2361,449 144.90
Total41,97049,203 13,997
Cooling loads (tons)
Operating
cost ($)
Table 1
. Estimated future cooling loads for the facility
Centrifugal Chiller
Electricity
Consumption (kWh)
fromto
12:00 AM1:00 AM1,0291,0291,206 350410 2,800161.66charge
1:00 AM2:00 AM9639631,129 350410 3,150153.93charge
2:00 AM3:00 AM9069061,062 350410 3,500147.25charge
3:00 AM4:00 AM9219211,080 350410 3,850149.00charge
4:00 AM5:00 AM9169161,074 350410 4,200148.42charge
5:00 AM6:00 AM9159151,073 350410 4,550148.30charge
6:00 AM7:00 AM1,2041,2041,411 350410 4,900182.18charge
7:00 AM8:00 AM1,2831,2831,504 350410 5,250191.44charge
8:00 AM9:00 AM1,3771,3771,614 350410 5,600202.46charge
9:00 AM10:00 AM1,6751,6751,964 350410 5,950237.40charge
10:00 AM11:00 AM2,0562,0562,410 350410 6,300846.19charge
11:00 AM12:00 PM2,3682,3682,776 350410 6,650955.92charge
12:00 PM1:00 PM2,5212,5212,955 350410 7,0001009.73charge
1:00 PM2:00 PM2,6750- 0- 4,3250.00Discharge
2:00 PM3:00 PM2,7401,2951,518 0- 2,880759.09Discharge
3:00 PM4:00 PM2,7401,3001,524 0- 1,440762.02Discharge
4:00 PM5:00 PM2,6301,1901,395 0- 0697.54Discharge
5:00 PM6:00 PM2,4452,4452,866 350410 350983.00charge
6:00 PM7:00 PM2,2182,2182,600 350410 700903.17charge
7:00 PM8:00 PM1,9621,9622,300 350410 1,050813.13charge
8:00 PM9:00 PM1,8381,8382,155 350410 1,400769.52charge
9:00 PM10:00 PM1,7351,7352,034 350410 1,750733.29charge
10:00 PM11:00 PM1,6171,6171,896 350410 2,100230.60charge
11:00 PM12:00 AM1,2361,2361,449 350410 2,450185.93charge
41,97034,97040,996 7,0008,206 11,371.16 Total
Operating
cost ($)
Mode
Table 2
. Thermal calculations for Alternative 2
Ice-making chiller
output (tons)
Ice TES
capacity (ton-
hours)
Cooling loads (tons)
Ice-making Chiller
[kWh]
Electricity
Consumption (kWh)
Centrifugal chiller
output (tons)
Centrifugal Chiller
Electricity
Consumption (kWh)
Time of day
fromto
12:00 AM1:00 AM1,0291,0291,206 584685 1,752189.10charge
1:00 AM2:00 AM9639631,129 584685 2,336181.36charge
2:00 AM3:00 AM9069061,062 583683 2,919174.56charge
3:00 AM4:00 AM9219211,080 583683 3,502176.32charge
4:00 AM5:00 AM9169161,074 583683 4,085175.73charge
5:00 AM6:00 AM9159151,073 583683 4,668175.62charge
6:00 AM7:00 AM1,2041,2041,411 583683 5,251209.50charge
7:00 AM8:00 AM1,2831,2831,504 583683 5,834218.76charge
8:00 AM9:00 AM1,3771,3771,614 583683 6,417229.78charge
9:00 AM10:00 AM1,6751,6751,964 583683 7,000264.71charge
10:00 AM11:00 AM2,0562,0562,410 0- 7,000723.10standby
11:00 AM12:00 PM2,3682,3682,776 0- 7,000832.83standby
12:00 PM1:00 PM2,5212,5212,955 0- 7,000886.64standby
1:00 PM2:00 PM2,6750- 0- 4,3250.00Discharge
2:00 PM3:00 PM2,7401,2951,518 0- 2,880759.09Discharge
3:00 PM4:00 PM2,7401,3001,524 0- 1,440762.02Discharge
4:00 PM5:00 PM2,6301,1901,395 0- 0697.54Discharge
5:00 PM6:00 PM2,4452,4452,866 0- 0859.91standby
6:00 PM7:00 PM2,2182,2182,600 0- 0780.07standby
7:00 PM8:00 PM1,9621,9622,300 0- 0690.04standby
8:00 PM9:00 PM1,8381,8382,155 0- 0646.42standby
9:00 PM10:00 PM1,7351,7352,034 0- 0610.20standby
10:00 PM11:00 PM1,6171,6171,896 584685 584258.03charge
11:00 PM12:00 AM1,2361,2361,449 584685 1,168213.36charge
Total41,97034,97040,996 7,0008,206 10,714.66
Table 3
. Thermal calculations for Alternative 3
Cooling loads (tons)
Centrifugal chiller
output (tons)
Time of day
Centrifugal Chiller
Electricity
Consumption (kWh)
Ice-making Chiller
Electricity
Consumption (kWh)
Operating
cost ($)
Ice TES
capacity (ton-
hours)
Mode
Ice-making chiller
output (tons) Abstract

A facility is planning a major expansion and will need to modify its chiller plant configuration in order to compensate for larger cooling needs. The chiller plant with two electric-centrifugal chillers has already offered by the facility. The design group has to satisfy the new cooling load after the expansion by evaluating possible plant configurations. Four alternative solutions are presented with their respective tabulated thermal calculations. The alternatives are defined as a base case. The alternatives are: a full storage 4-hour ice TES system, a full storage 12-hour ice TES system, and a partial storage ice TES system respectively. These four systems are analyzed by the design group to find both operating and capital costs. The payback period for all the alternatives are able to be calculated once the operating and capital costs are determined by analyzing in order to find out the best solution. The results were achieved after analyzing and the results will be presented below in the section called Result and Discussion.

Introduction

The unit of cooling load is given as tons, final values have to be converted to kWh using the equation presented below:

(1)
Where,
The conversion 3.517 is used to convert tons to kW,
Assuming a
Once the electricity consumption is determined, the operating costs can be calculated based on the Time-of-Use (TOU) electric rates listed below:
on-peak (1:00 pm 5:00 pm): $0.5/kWh

mid-peak (10:00am 1:00 pm, and 5:00 pm – 10:00 pm): $0.3/kWh

off-peak (10:00 pm – 10:00 am): $0.1/kWh

Depending on the time when the chillers are running, the operating costs are calculated using the following equation:
The capital costs of each system can be determined depending on each systems cooling output in tons. The list below shows the price per ton (PPT) for the different systems:
Electric centrifugal chiller plant cost: $2400/ton
Ice-making chiller cost: $900/ton
Ice TES cost: $500/ton-hour
The capital cost can be determined by using the presented equation below

Result and Discussion

Base Case: No thermal energy storage

The first case is used a base case that do not have thermal energy storage, which purchase one additional 1,300-ton chiller. By calculating with cooling load and TOU electricity rate, the calculating is able to get Centrifugal Chiller Electricity Consumption and Operating cost.

Table1: Thermal Calculation for base case
The Chiller electricity consumes 49,202.83 kWh per day with a cost of $13,997. Also, the capital cost is $3,120,000.
Equation of Capital cost:

Alternative1: Full storage 4-hours ice TES system

This case is alternative 1 considering a full storage. The machine about external ice TES works over 20 hours except on-peak hours of each day. The central ice TES system includes the two existing 1,300ton electric centrifugal chillers, and a new 7,000-ton-hour ice TES system. Also, it consists of two underground ice storage tanks, a 350ton ice making chiller. The machine related to alternative1 works during the 4hour of the on-peak electric.

Table2: Thermal Calculation for Alternative1

In the table2, the Centrifugal Chiller electricity uses to 40,996.5kWh per day, and the operating cost is determined $11,371.164 per day. The operating cost by alternative1 is $9152.5 per day, which can save $2218.64 per day. The capital cost consists with a 350-ton ice making chiller and a 7,000-ton-hour ice TES system. The capital cost is $3,815,000.

The payback period for alternative1 with an operating cost and a capital cost determines 4.71 years.

Alternative2: Full storage 120hours ice TES system

This case is alternative 2 analysing a full storage ice TES system. The machine related to alternative2 works during the 12 mid-peak and off- peak hours (from 10:00pm to 11:00 am). The general system is similar to that of Alternative 1, but the ice-making chiller is estimated at 584 tons.

Table3: Thermal Calculation for Alternative3

In the table3, the Centrifugal Chiller electricity uses to 40,996.5kWh per day, and the operating cost is determined $10,714.658 per day. The operating cost by Alternative 2 is $8,347.128 per day, which can save $2,367.53 per day. The capital cost is determined $4,025,600.

The payback period for alternative2 with an operating cost and a capital cost determines 4.66 years.

Alternative3: Partial storage (load levering strategy) ice TES system

This case is alternative3 analysing a partial storage ice TES system. The machine related to Alternative3 works during all hours of the day. The general system is similar to that of Alternatives 1 and 2, but the ice-making chiller is estimated at 292 tons. Also, the ice storage requires to be reduced to 5,836 ton-hours.

Table4: Thermal Calculation for Alternative3

In the table4, the electricity uses to 40,996.5kWh per day, and the operating cost is determined $11,807.272 per day. The operating cost by alternative3 is $10,137.102 per day, which can save $1670.17 per day. The capital cost is $3,180,800

The payback period for alternative3 with an operating cost and a capital cost determines 6.17 years.

Alternative 4 Design Group Alternative and Economic Analysis:

Alternative 4 was a created by the group to try to achieve a shorter payback period. This alternative is similar to alternative 2, except it uses an 875-ton ice-making chiller for 8 hours during the off-peak hours instead of 12. The rest of the system is the same as alternative 2, meaning it uses the existing centrifugal chillers and has a 7000-ton ice TES system. Table 5 below shows the results achieved for the energy usage and operational costs per day highlighted.

Table5: Thermal Calculation for Alternative 4

The electricity usage was determined to be 49202.83 kWh per day and the daily operating costs are $10,714.66. The capital cost is shown below:

With an operating cost of $10,714.66 per day and a capital cost of $4,287,500 the payback period is determined to be about 5.88 years.

Comparison

Summary