Publication detail

Asset Management for Energy System Retrofit

Varbanov, P.S. Walmsley, T.G. Klemes, J.J. Nemet, A. Kravanja, Z.

English title

Asset Management for Energy System Retrofit

Type

conference paper

Language

en

Original abstract

Energy System Retrofit is an important activity for simultaneously improving resource efficiency, economic performance and contribution of industry to sustainability. While identifying thermodynamically and technically feasible options for retrofit-based energy savings is an important necessary step, it is not a sufficient one for achieving real savings. A further necessary step is the selection of a set of economically feasible and attractive ways of implementing the identified retrofit options. This paper provides an analysis of the investment planning concepts as applied to the retrofit of Heat Exchanger Networks (HENs) and identifies the key issues for retrofit implementation and planning. The paper concludes with the formulation of further research goals, aimed at the establishment of an integrated method for optimal planning of retrofit investments in energy systems.

English abstract

Energy System Retrofit is an important activity for simultaneously improving resource efficiency, economic performance and contribution of industry to sustainability. While identifying thermodynamically and technically feasible options for retrofit-based energy savings is an important necessary step, it is not a sufficient one for achieving real savings. A further necessary step is the selection of a set of economically feasible and attractive ways of implementing the identified retrofit options. This paper provides an analysis of the investment planning concepts as applied to the retrofit of Heat Exchanger Networks (HENs) and identifies the key issues for retrofit implementation and planning. The paper concludes with the formulation of further research goals, aimed at the establishment of an integrated method for optimal planning of retrofit investments in energy systems.

Keywords in English

Energy conservation; Heat exchangers; Retrofitting; Economic performance; Energy systems; Heat exchanger network; Integrated method; Investment planning; Optimal planning; Research goals; Resource efficiencies; Investments

Released

01.08.2018

Publisher

Italian Association of Chemical Engineering - AIDIC

ISSN

2283-9216

Book

Chemical Engineering Transactions

Volume

70

Number

70

Edition number

70

Pages from–to

775–780

Pages count

6

BIBTEX


@inproceedings{BUT152231,
  author="Petar Sabev {Varbanov} and Timothy Gordon {Walmsley} and Jiří {Klemeš},
  title="Asset Management for Energy System Retrofit",
  booktitle="Chemical Engineering Transactions",
  year="2018",
  volume="70",
  number="70",
  month="August",
  pages="775--780",
  publisher="Italian Association of Chemical Engineering - AIDIC",
  issn="2283-9216"
}