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An Economic and Environmental Assessment Model for Selecting the Optimal Implementation Strategy of Fuel Cell Systems—A Focus on Building Energy Policy

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  • Daeho Kim

    (Department of Architectural Engineering, Yonsei University, Seoul 120-749, Korea)

  • Jimin Kim

    (Department of Architectural Engineering, Yonsei University, Seoul 120-749, Korea)

  • Choongwan Koo

    (Department of Architectural Engineering, Yonsei University, Seoul 120-749, Korea)

  • Taehoon Hong

    (Department of Architectural Engineering, Yonsei University, Seoul 120-749, Korea)

Abstract

Considerable effort is being made to reduce the primary energy consumption in buildings. As part of this effort, fuel cell systems are attracting attention as a new/renewable energy systems for several reasons: (i) distributed generation system; (ii) combined heat and power system; and (iii) availability of various sources of hydrogen in the future. Therefore, this study aimed to develop an economic and environmental assessment model for selecting the optimal implementation strategy of the fuel cell system, focusing on building energy policy. This study selected two types of buildings ( i.e ., residential buildings and non-residential buildings) as the target buildings and considered two types of building energy policies ( i.e ., the standard of energy cost calculation and the standard of a government subsidy). This study established the optimal implementation strategy of the fuel cell system in terms of the life cycle cost and life cycle CO 2 emissions. For the residential building, it is recommended that the subsidy level and the system marginal price level be increased. For the non-residential building, it is recommended that gas energy cost be decreased and the system marginal price level be increased. The developed model could be applied to any other country or any other type of building according to building energy policy.

Suggested Citation

  • Daeho Kim & Jimin Kim & Choongwan Koo & Taehoon Hong, 2014. "An Economic and Environmental Assessment Model for Selecting the Optimal Implementation Strategy of Fuel Cell Systems—A Focus on Building Energy Policy," Energies, MDPI, vol. 7(8), pages 1-22, August.
    • Handle: RePEc:gam:jeners:v:7:y:2014:i:8:p:5129-5150:d:39086
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    2. Marta Gandiglio & Fabrizio De Sario & Andrea Lanzini & Silvia Bobba & Massimo Santarelli & Gian Andrea Blengini, 2019. "Life Cycle Assessment of a Biogas-Fed Solid Oxide Fuel Cell (SOFC) Integrated in a Wastewater Treatment Plant," Energies, MDPI, vol. 12(9), pages 1-31, April.
    3. Jeongyoon Oh & Taehoon Hong & Hakpyeong Kim & Jongbaek An & Kwangbok Jeong & Choongwan Koo, 2017. "Advanced Strategies for Net-Zero Energy Building: Focused on the Early Phase and Usage Phase of a Building’s Life Cycle," Sustainability, MDPI, vol. 9(12), pages 1-52, December.
    4. Koo, Choongwan & Hong, Taehoon & Kim, Jimin & Kim, Hyunjoong, 2015. "An integrated multi-objective optimization model for establishing the low-carbon scenario 2020 to achieve the national carbon emissions reduction target for residential buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 410-425.
    5. Chan-Joong Kim & Taehoon Hong & Jimin Kim & Daeho Kim & Dong-yeon Seo, 2015. "A Process for the Implementation of New Renewable Energy Systems in a Building by Considering Environmental and Economic Effect," Sustainability, MDPI, vol. 7(9), pages 1-21, September.
    6. Kang, Hyuna & Hong, Juwon & Hong, Taehoon & Han, Dongsu & Chin, Sangyoon & Lee, Minhyun, 2019. "Determining the optimal long-term service agreement period and cost considering the uncertain factors in the fuel cell: From the perspectives of the sellers and generators," Applied Energy, Elsevier, vol. 237(C), pages 378-389.

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