By Frank Kreith, D. Yogi Goswami
Energy is the mainstay of commercial societies, and with out an sufficient provide of strength the social, political and monetary balance of countries is positioned into jeopardy. With offers of cheap fossil fuels lowering, and weather swap elements changing into extra threatening, the necessity to preserve power and circulate progressively to extra sustainable power assets is extra pressing than ever prior to. The up-to-date moment version of this profitable guide comprises chapters from prime specialists at the economics and monetary administration of strength, with a spotlight at the instruments on hand to enhance potency and conservation measures. up to date insurance of renewable strength resources, strength garage applied sciences, power audits for constructions and development platforms, and demand-side administration is equipped. The appendix of the instruction manual presents huge information assets for research and calculation.
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Additional resources for Energy Management and Conservation Handbook, Second Edition
20]. Natural gas is likely to find increased use in the transportation sector with compressed natural gas (CNG) playing an important role, particularly for high-mileage fleets. It should be noted that a basic infrastructure for distributing natural gas exists, and if CNG were to be used to fuel automobiles, the only major addition at gas stations that have a natural gas outlet would be a compressor to increase the gas pressure above that in the natural gas automobile tank. However, the vast majority of natural gas supplies are delivered to markets by pipeline, and delivery costs typically represent a relatively large fraction of the total cost in the supply chain.
9. S. EPA (2013). E15 (a blend of gasoline and ethanol). Accessed April 8, 2014. 10. Renewable Fuels Association. The new fuel: E15. org/pages/E15. Accessed April 8, 2014. Journal of Solar Energy Engineering 130, 1–6. 12. M. Science 311, 506–508. gov/fuelelectric/electricityinfocard2005. In: Proceedings of ASME 2008 IMEC, Boston, MA, October 31-November 6, 2008. 15. Electric Drive Transportation Association (EDTA). (2015). org. Accessed April 1, 2015. Journal of Energy Resources Technology 126, 249– 257.
IRR is a widely used method, but it is often misused, largely due to shortcomings that include the possibility of • No solution (the sum of all nondiscounted returns within the analysis period are less than the investment costs) • Multiple solution values (some costs occur later than some of the returns) • Failure to give a measure of overall return associated with the project over the analysis period (returns occurring before the end of the analysis are implicitly assumed to be reinvested at the same rate of return as the calculated IRR.