Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication
Solar energy is the most prospective renewable resource that humankind has access to, for acquiring the most usable energy. Photovoltaic thermal systems (PVT) are deemed to be one among the most efficient methods for capturing solar energy because of their distinct ability to produce electrical powe...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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Institute of Physics
2023
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/41928/1/Economic%20analysis%20of%20phase%20change%20material%20integrated.pdf |
| _version_ | 1811138518136651776 |
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| author | Jacob, Jeeja Paul Nadakkal, John Selvaraj, Jeyraj Kadirgama, Kumaran |
| author_facet | Jacob, Jeeja Paul Nadakkal, John Selvaraj, Jeyraj Kadirgama, Kumaran |
| author_sort | Jacob, Jeeja |
| collection | UMP |
| description | Solar energy is the most prospective renewable resource that humankind has access to, for acquiring the most usable energy. Photovoltaic thermal systems (PVT) are deemed to be one among the most efficient methods for capturing solar energy because of their distinct ability to produce electrical power by photovoltaic conversion while simultaneously dissipating the heat generated in the process. The necessity of financial investment is a major stumbling block in putting this strategy into action in actual application. This paper delivers updated literature on the economic aspects of PVT-Phase change materials (PCM) systems (installation, operation, and maintenance) that several researchers had carried out. Payback time is taken into account while calculating the profitability of PVT systems. Finally, the performances of several PVT-PCM systems were compared, and the economic analysis confirmed that the PVT system is financially viable. PVT system holds tremendous potential to be incorporated in residential/commercial buildings. The PVT system is a promising technology that still needs refinement in terms of overall efficiency and environmental factors, according to the available literature assessments. |
| first_indexed | 2024-09-25T03:51:28Z |
| format | Conference or Workshop Item |
| id | UMPir41928 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-09-25T03:51:28Z |
| publishDate | 2023 |
| publisher | Institute of Physics |
| record_format | dspace |
| spelling | UMPir419282024-08-30T00:18:22Z http://umpir.ump.edu.my/id/eprint/41928/ Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication Jacob, Jeeja Paul Nadakkal, John Selvaraj, Jeyraj Kadirgama, Kumaran T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics Solar energy is the most prospective renewable resource that humankind has access to, for acquiring the most usable energy. Photovoltaic thermal systems (PVT) are deemed to be one among the most efficient methods for capturing solar energy because of their distinct ability to produce electrical power by photovoltaic conversion while simultaneously dissipating the heat generated in the process. The necessity of financial investment is a major stumbling block in putting this strategy into action in actual application. This paper delivers updated literature on the economic aspects of PVT-Phase change materials (PCM) systems (installation, operation, and maintenance) that several researchers had carried out. Payback time is taken into account while calculating the profitability of PVT systems. Finally, the performances of several PVT-PCM systems were compared, and the economic analysis confirmed that the PVT system is financially viable. PVT system holds tremendous potential to be incorporated in residential/commercial buildings. The PVT system is a promising technology that still needs refinement in terms of overall efficiency and environmental factors, according to the available literature assessments. Institute of Physics 2023 Conference or Workshop Item PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/41928/1/Economic%20analysis%20of%20phase%20change%20material%20integrated.pdf Jacob, Jeeja and Paul Nadakkal, John and Selvaraj, Jeyraj and Kadirgama, Kumaran (2023) Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication. In: IOP Conference Series : Earth and Environmental Science. International Postgraduate Conference for Energy Research 2022, IPCER 2022 , 18 - 19 December 2022 , Hybrid, Kuala Lumpur. pp. 1-7., 1261 (012010). ISSN 1755-1307 (Published) https://doi.org/10.1088/1755-1315/1261/1/012010 |
| spellingShingle | T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics Jacob, Jeeja Paul Nadakkal, John Selvaraj, Jeyraj Kadirgama, Kumaran Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title | Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title_full | Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title_fullStr | Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title_full_unstemmed | Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title_short | Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication |
| title_sort | economic analysis of phase change material integrated photovoltaic thermal systems a short communication |
| topic | T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics |
| url | http://umpir.ump.edu.my/id/eprint/41928/1/Economic%20analysis%20of%20phase%20change%20material%20integrated.pdf |
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