What are the advantages of Thermal energy?

Asked by  | 22nd Mar, 2008, 07:03: PM

Expert Answer:

Thermal energy storage can refer to a number of technologies that store energy in a thermal reservoir for later reuse. They can be employed to balance energy demand between day time and night time. The thermal reservoir may be maintained at a temperature above (hotter) or below (colder) than that of the ambient environment.Thermal energy storage technologies store heat, usually from active solar collectors, in an insulated repository for later use in space heating, domestic or process hot water, or to generate electricity. Most practical active solar heating systems have storage for a few hours to a day's worth of heat collected. There are also a small but growing number of seasonal thermal stores, used to store summer heat for use during winterHigh peak summertime loads drive the capital expenditures of the electricity generation industry. The industry meets these peak loads with low-efficiency peaking power plants, usually gas turbines, which have lower capital costs but higher fuel costs. A kilowatt-hour of electricity consumed at night can be produced at much lower marginal cost. Utilities have begun to pass these lower costs to consumers, in the form of Time of Use (TOU) rates, or Real Time Pricing (RTP) Rates. Thermal energy is cheaper than any other energy source

Answered by  | 29th May, 2008, 09:22: AM

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