Techno-Economic Analysis of an All-Electric Energy Station in Eastern China

Yihan Sun and Duo Zhang ()
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Yihan Sun: Department of Environmental Design, Shenyang University of Technology, Shenyang 110178, China
Duo Zhang: School of Engineering, University of Surrey, Guildford GU2 7XH, UK

Sustainability, 2025, vol. 17, issue 12, 1-19

Abstract: This study conducts a techno-economic evaluation of an all-electric energy station in China. It assesses the system’s feasibility and sustainability. The all-electric energy station integrates multiple components: chillers, air-source heat pumps, electric boilers, water thermal storage, and gas boilers. These components work together to deliver comprehensive cooling and heating services. The research compares this system with an integrated electricity-gas system. It analyzes performance across three key areas: economic benefits, environmental impact, and energy utilization efficiency. The results show significant advantages for the all-electric energy station. Economic analysis reveals that the net present value ( NPV ) of the all-electric energy station is positive, the internal rate of return (IRR) is high, and the payback period is significantly shorter compared to traditional systems. Sensitivity analysis highlights that the discount rate and initial investment are the most influential factors affecting NPV , while cooling prices present substantial revenue optimization potential. The all-electric configuration exhibits greater sensitivity to parameter variations, underscoring the importance of strategic risk management. Additionally, the all-electric energy station excels in environmental protection. Carbon emissions are reduced by 11.5% compared to conventional systems. As renewable energy increases in the grid, indirect carbon emissions will decrease further. The all-electric energy station demonstrates strong economic feasibility. It plays a crucial role in achieving carbon neutrality and promoting green energy development. This study provides valuable insights for future regional integrated energy systems.

Keywords: all-electric energy station; techno-economic assessment; sustainability; environmental benefits; carbon neutrality; energy efficiency (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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