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Estimating the Market Penetration of Residential Cool Storage Technology Using Economic Cost Modeling
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Date
1988
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Energy Systems Laboratory (http://esl.tamu.edu)
Texas A&M University (http://www.tamu.edu)
Texas A&M University (http://www.tamu.edu)
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.