2023-2024 / ENVT0072-2

Technical and economic analysis of energy systems : theory and project

Duration

20h Th, 28h Pr

Number of credits

 Master in environmental science and management (120 ECTS)4 crédits 
 Master in environmental science and management (120 ECTS) (Renewable energy and sustainable buildings - Joint-degree programme with the University of Luxembourg)4 crédits 

Lecturer

Philippe Andre, Manfred Greger, Vincent Hanus, Abdelhamid Kheiri, Olivier Lottin

Coordinator

Philippe Andre

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Technico-economic analysis of energy systems:

  • From engineering sciences to economic and financial considerations: the same scientific rigor
  • How determine the profitability of energy investment?
  • How to compare two energy investments, and make a choice?
  • What is the Net Present Value (NPV) of an energy investment
  • The Time of Return, a concept to handle with care
  • The Internal Rate of Return (IRR) of an investment.
  • Optimal achievements. Optimal dimensioning of installations from simple to complex: optimal thermal insulation thickness, the diameter of a fluid pipe, ...
  • Thermoeconomy and system's energy integration.
Project management

Subjects related to the renewable energies and the enviromental performance of the buildings

 

Learning outcomes of the learning unit

Techno-economic analysis of energy systems

The sizing of an energy installation or the search for its optimal size or operating conditions cannot be done only with the knowledge of engineering sciences (thermodynamics, heat transfer, fluid mechanics, etc.): it is necessary to take into account the cost of the investment and its economic profitability. The aim of this course is to provide students with the necessary knowledge and methods to effectively understand these aspects. All energy sectors are concerned. The financial (economic) cost of acquiring equipment (CAPEX), the cost of operating and maintaining it (OPEX), and the cost of capital all play a critical role. Students will be able to rigorously combine aspects of the engineering sciences studied in the Master's program with financial calculations. The methodologies acquired are applicable to other areas of engineering.

Project management


At the end of this unit, you will be able to:

  • Implement appropriate project management;
  • Apply an appropriate problem solving approach;
  • Evaluate the return on investment of a project;
  • Present your approach and results in writing.
  • Present and defend your approach and results orally.
 

Prerequisite knowledge and skills

Techno-economic analysis of energy systems

L3 Level of Thermodynamics, Heat Transfer and Fluid Mechanics

 

Planned learning activities and teaching methods

Techno-economic analysis of energy systems

Lesson on Videoprojector and on the blackboard

Classroom exercises

Homework

Project management

One introduction session for the project management (theory and training) and for the collaboration to obtain a powerful team (ComColors® model)

Session for the project monitoring

Training for the presentation and defence

 

 

Mode of delivery (face to face, distance learning, hybrid learning)

Face-to-face course


Additional information:

Techno-economic analysis of energy systems

Face To Face courses

Project management

Face to face for the theory.

Coaching for the project management and the presentation.

 

Recommended or required readings

None

 

Exam(s) in session

Any session

- In-person

written exam ( open-ended questions )

Written work / report

Out-of-session test(s)


Additional information:

Techno-economic analysis of energy systems

Final mark = 2/3 Supervised homework mark + 1/3 Homework mark.

Supervised assignment: written on the table just at the end of the course (no exam in January)

Homework mark is taken into account for 1/3 in the final mark.

In case of failure, there is a second session in August-September for the supervised homework, and for the homework (if its mark is <10/20)

Project management

The learning outcome about project management is assessed as follows at the first examination session: one or more tools are set up at the beginning of the project and updated for follow-up sessions; they deal with schedule, quality and resources of the project.

If this outcome is achieved, then the mark is calculated as the average of the assessment of the four other outcomes (assessed through the report, the presentation and the defence); if it is not reached, the mark is equal to zero.

For the second examination session, the outcome about project management is assessed through a written document. The other outcomes and the calculation of the mark are assessed with the method of the first examination session.

Final mark: arithmetic average of both parts

 

Work placement(s)

Techno-economic analysis of energy

 

None

Organisational remarks and main changes to the course

Contacts

Techno-economic analysis of energy

abdelhamid.kheiriATuniv-lorraine.fr        (don't use any othere email adresse)

Project management

Anne Wouters: Anne.Wouters@uliege.be

Assistante

Building Energy Monitoring and Simulation
Université de Liège
Arlon Campus Environnement
Avenue de Longwy, 185
B-6700 ARLON
32 (0)63 23 08 58

 

Association of one or more MOOCs

There is no MOOC associated with this course.