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Levelized Cost Computation of Novel Thermoelectric Modules

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Recent Advances in Mechanical Engineering (ICRAME 2020)

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

Abstract

In this research paper, the cost analysis of novel thermoelectric modules has been proposed. Thermoelectric material cost, thermoelectric manufacturing cost and areal manufacturing cost of novel thermoelectric modules were taken into consideration to analyze the capital cost of novel thermoelectric modules. Cost-performance metric for the proposed novel thermoelectric modules was analyzed. Levelized cost of electricity was calculated for TEG integrated thermal power plant and compared with traditional thermal power plant. Solar, wind and battery technologies were compared with thermoelectric generator on the basis of capital cost, area occupancy, weight and carbon footprints. The results indicated that Pb1−xMgxTe0.8Se0.2 and CoSb3−xTex-based thermoelectric generator has the lowest cost-performance metric. It also indicated that the levelized cost of energy decreases by 82.4% in TEG integrated thermal power plant as compared to non-integrated thermal power plant. The proposed TEG weighs less than a battery occupies less space than solar panels and is a reliable renewable technology.

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Abbreviations

TEG:

Thermoelectric generator

ZT:

Figure of merit of thermoelectric module

η :

Performance efficiency

P gen :

Power generated by thermoelectric module

V :

Thermoelectric voltage

R :

Internal resistance

R L :

Load resistance

m :

Ratio of load resistance to internal resistance

S p :

Seebeck coefficient of p-type thermoelectric material

S n :

Seebeck coefficient of n-type thermoelectric material

ΔT:

Temperature difference

A :

Area of the metallic plate

F :

Fill factor

L :

Length of thermoelectric leg

σ p :

Electrical conductivity of p-type thermoelectric material

σ n :

Electrical conductivity of n-type thermoelectric material

G :

Cost-performance metric

C :

Total capital cost

ρ :

Density of thermoelectric material

C B :

Thermoelectric material cost

C M :

Thermoelectric manufacturing cost

C A :

Areal manufacturing cost

C HX :

Cost of heat exchangers

U :

Heat transfer coefficient

C p :

Capital cost of p-type thermoelectric leg

C n :

Capital cost of n-type thermoelectric leg

LCOE:

Levelized cost of energy

C′:

Overnight capital cost

O t :

Operation cost for a lifespan of t years

M t :

Maintenance cost for a lifespan of t years

F t :

Fuel cost for a lifespan of t years

E t :

Energy generated for t years

r :

Discount rate

t :

Duration in years

P g max :

Maximum power generation

G max :

Maximum cost-performance metric

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Author information

Authors and Affiliations

  1. Engineering Physics Department, School of Engineering and Applied Sciences, Bennett University, Tech Zone-II, Greater Noida, UP, 201310, India

    Pradyumn Mane

  2. Mechanical and Aerospace Engineering Department, School of Engineering and Applied Sciences, Bennett University, Tech Zone-II, Greater Noida, UP, 201310, India

    Deepali Atheaya

Authors
  1. Pradyumn Mane
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  2. Deepali Atheaya
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Corresponding author

Correspondence to Pradyumn Mane .

Editor information

Editors and Affiliations

  1. Department of Mechanical, Production & Industrial and Automobile Engineering, Delhi Technological University, North West Delhi, Delhi, India

    Anil Kumar

  2. Department of Mechanical, Production & Industrial and Automobile Engineering, Delhi Technological University, North West Delhi, Delhi, India

    Amit Pal

  3. Department of Mechanical Engineering, Pandit Deendayal Petroleum University, Gandhinagar, Gujarat, India

    Surendra Singh Kachhwaha

  4. Department of Mechanical Engineering, Indian Institute of Information Technology Design & Manufacturing, Jabalpur, Madhya Pradesh, India

    Prashant Kumar Jain

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Mane, P., Atheaya, D. (2021). Levelized Cost Computation of Novel Thermoelectric Modules. In: Kumar, A., Pal, A., Kachhwaha, S.S., Jain, P.K. (eds) Recent Advances in Mechanical Engineering . ICRAME 2020. Lecture Notes in Mechanical Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-15-9678-0_5

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  • DOI: https://doi.org/10.1007/978-981-15-9678-0_5

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  • Print ISBN: 978-981-15-9677-3

  • Online ISBN: 978-981-15-9678-0

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