SUBJECT AREA Engineering
CREATED ON 20th November 2017
COMPLETED ON 27th November 2017
Expert hired: kipkirui goeffrey

Energy Management & Performance Evaluation (PV Panel)

The feasibility report should include: 1) A detailed estimate of performance using a proven conceptual model or software, giving a performance range from best‐case, worst‐case and most likely scenarios. • Each student should demonstrate an understanding of mathematical analysis used to estimate energy performance. • Recognised benchmarks can be used but should be contextualised to your case study. You have a Sankey of the current building operation, but what would be the impact of your idea on the Sankey? This could be an effective way of showing how your idea could be monitored. For example imaging the impact of CHP on Sankey. For kWh, the overall demand would not change, but would move from electric to gas. The emissions Sankey and cost Sankey would show difference in size however. • Students should clearly show their workings and state assumptions. • The estimate should show best case, worst case and most likely estimates. • The main objective of the calculations, is to demonstrate you understand the process and can answer critical questions. 2) A full life‐cycle cost analysis, accounting for discounting and risk analysis. • Discounted cash flow, clearly justifying your choice of discount factor. • Fully considered life cycle costs, informed by the literature where possible. • Risk assessment and how this impacts payback. • Include any incentives or tax saving offered by the government. • Consider any stranding costs (retiring old equipment that still has lifespan to return) or refurbishment upgrade cost (difference between standard and energy refurb). 3) A process to monitor actual performance to assess if there is a performance gap. • In the past the monitoring has been the weakest element of student work, as they fail to grasp the fundamental difference between using science to predict the future and using instruments to measure the past. • Done just say "we will use a meter". The meter generates data and the data must be analysed in a manner that allows direct comparison to the output of the estimate. • Often it is a 3‐year monitoring technique (e.g. CUSUM) rather than a monitoring system. 4) Well structured professional report including • An overview of your energy improvement proposal. • A literature review of the proposal, its relation to the energy industry and of a scheme it might benefit from. (Note: It is assumed this literature review is the same as assignment B1. Students are allowed to update this following first feedback, and include it as part of this report.) • A conclusion and very clear final recommendation, with assumptions and risks stated. • Attachments of any data used in the report. • Professional presentation Please see accompanying marking scheme documents: • 2017 18 Marking Scheme ‐ EMPE B2 Feas Rpt • 2017 18 Marking Scheme ‐ Good Writing L5
This project has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 project experts. Hire your expert directly, without overpaying for agencies and affiliates!
Check the price for your project

See other similar orders

Studybay assignment progress timeline

Studybay is a freelance platform where you can order a Energy Management & Performance Evaluation (PV Panel) paper, written from scratch by professors and tutors.
20 November 2017
User created a project for Engineering
20 November 2017
12 experts responded
20 November 2017
User contacted expert kipkirui goeffrey
20 November 2017
User hired expert kipkirui goeffrey who offered a price of $30 for the project and has experience doing similar projects
27 November 2017
The expert completed the project Energy Management & Performance Evaluation (PV Panel) for 7 days, meeting the deadline
27 November 2017
User accepted the project right away and completed the payment
27 November 2017
User left a positive review

Other projects in this subject area

Random blog posts

Cadbury competitive gain strategies
Keywords: cadbury competitive advantage 5. What's there relating to this company's strategy that can lead to sustainable competitive gain? The pursuing are several strategies that Cadbury possessed used to bet and find Adam's into its confectionery business. Cadbury acquired created a dedicated M & A team, which is under Stitzer's strategy group, at corporate headquarters to displace autonomous and dispersed work by local businesses. Besides that, Cadbury Schweppes earned nearly 100 professionals from divisions across the world to Waldorf Astoria Hotel in New York City for a bi weekly workshop to refine the model and build commitment to the deal and the organized synergy numbers.
Management control systems at reliance industries limited essay
Reliance Industrial sectors Limited (RIL) is world's leading and India's no: 1 Personal Ltd. Business. RIL group is a very diversified group and is in multiproduct business like essential oil / gas exploration, full of petro / buyer products and mfg. of petrochemical / refining and textile products. Also, in to facilities and vehicles sectors. this individual Reliance Group, founded simply by Dhirubhai They would.Ambani (1932-2002), is India's largest private sector venture, with businesses in the strength and elements value cycle. Group's total annual revenues will be in excess of US$ 44 billion dollars. The flagship company, Dependence Industries Limited, is a Bundle of money Global 500 company and is the largest private sector firm in India. Backward vertical integration has been the cornerstone from the evolution and growth of Reliability.Starting with textiles in the late seventies, Reliance attacked a..