SimEM

Algebraic model

Objective Function

$$ \sum_{i} C_{i} * CapCost_{Ci} *(AnnuF_{i} + FixCostOMF{i}) \frac {nh}{8760} ) $$

$$ +\sum_{i,t} PowerProd_{i,t}(FuelCostF_{i}+VarCostOM_{i}) + HeatProd_{i,t} (FuelCostF_{i}+VarCostOM_{i}) $$

Capacity Constraints

$$ Power_{t,h}≤Capacity_{t}*AvailabilityFactor_{t,h} $$

Data used in the model

Power and heat technologies	Stirling	PV	Electric Storage	Heat Storage
Capital Cost ($/kW)	1500	2000	65	20
Interest Rate	0.1	0.1	0.1	0.1
Fix Cost O%M (%)	0.015	0.01	0.05	0.01