The Techno-Economic Optimization Module identifies least-cost combinations of technologies for using and conveying excess heating or cooling (HC) from defined sources to defined sinks. The user (representing the excess heat producer – i.e., source – or a demand point – i.e., sink) wants to evaluate the least-cost options of utilising excess HC generated to meet the heating/cooling demand for one or more known/assumed sinks. The objective of the optimisation is to find the least-cost mix of technologies (in terms of installed capacities – typically, in power units) and match between sources and sinks (in terms of energy flows) that satisfies the demands under constraints dictated by regulation, availability of heat, load profiles, techno-economic characteristics of technologies, investment plans.
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