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Optimal Combined Long-Term Facility Design And Short-Term Operational Strategy For Chp Capacity Investments, Jose Mojica, Damon Petersen, Brigham Hansen, Kody Powell, John Hedengren
Optimal Combined Long-Term Facility Design And Short-Term Operational Strategy For Chp Capacity Investments, Jose Mojica, Damon Petersen, Brigham Hansen, Kody Powell, John Hedengren
Faculty Publications
This work presents a detailed case study for the optimization of the expansion of a district energy system evaluating the investment decision timing, type of capacity expansion, and fine-scale operational modes. The study develops an optimization framework to find the investment schedule over 30 years with options of investing in traditional heating sources (boilers) or a next-generation combined heat and power (CHP) plant that provides heat and electricity. In district energy systems, the selected capacity and type of system is dependent on demand-side requirements, energy prices, and environmental costs. This work formulates capacity planning over a time horizon as a …