How much is the cost per kilowatt-hour of compressed air energy storage project

How do I calculate my compressed air energy costs?

Calculate your compressed air energy costs using this compressed air energy calculator and learn how to reduce electricity costs and save energy. To use the calculator you will need to know the horsepower your system is currently running, the average hours per week your compressor runs and the average load percentage of your compressed air system.

How much does compressed air cost per year?

With these factors, the annual cost can be calculated by Equation 1: 100hp * 0.746 KW/hp * 1,000hr * $0.08/KWh / 0.95 = $6,282 per year. In both equations, you can substitute your information to see what you actually pay to make compressed air each year at your facility.

How can a compressed air system save money?

Overall, basic storage principles can improve the productivity and quality of a compressed air system, which leads to lower operating costs. One of the first steps for saving costs on compressed air is to find out where you are currently using the air.

How much does a kilowatt hour cost?

Example: 4.95 kilowatt hours X 15 cents per kilowatt hour = 74 cents for 3 hours of use Luckily, there are many ways to reduce the costs of compressed air. Choosing the right air compressor can reduce your costs by approximately 45 percent. Today there are many energy-efficient compressors on the market.

How to calculate air consumption cost?

Air Consumption Cost = (Air Flow Rate * Operating Hours * Energy Cost per kWh * Compressor Efficiency Factor) / (Compressor Efficiency * Conversion Factor) Here are the steps in detail: Air Flow Rate: Measure the air flow rate in cubic feet per minute (CFM).

How much does electricity cost per kilowatt-hour?

Your utility will tell you what they’re charging you per kilowatt-hour. It’s about 12 cents per kwh across the United States, but it varies from region to region. It’s about 11 cents in Indiana, and about 21 cents in New York. Motor efficiency: To get this number, look at the Compressed Air and Gas Institute’s (CAGI) performance data sheet section.