Estimating the Market Penetration of Residential Cool Storage Technology Using Economic Cost Modeling

Abstract

This study estimated the market penetration for residential cool storage technology using economic cost modeling. Residential cool storage units produce and store chill during off-peak periods of the day to be used during times of peak electric power needs. This paper provides projections of unit sales expected in 5-year intervals for the years 1995, 2000, 2005, and 2010, Such projections help to determine the maximum amount o f energy that could be displaced by this technology in the future. This study also found that price incentives offered to households must be varied dramatically by region for residential cool storage systems to be economically competitive relative to conventional systems. Under the most likely scenario, this analysis estimated that residential cool storage units will eventually capture about one-half of the central air conditioning (A/C) market.