Performance investigation of thermal energy storage system with Phase Change Material (PCM) for solar water heating application

In order to harvest solar energy, thermal energy storage (TES) system with Phase Change Material (PCM) has been receiving greater attention because of its large energy storage capacity and isothermal behavior during charging and discharging processes. In the present experimental study, shell and tube TES system using paraffin wax was used in a water heating system to analyze its performance for solar water heating application. Energy and exergy including their cost analyses for the TES system were performed. Accordingly, total life cycle cost was calculated for different flow rates of the Heat Transfer Fluid (HTF). With 0.033 kg/min and 0.167 kg/min flow rates of water as HTF, energy efficiencies experienced were 63.88% and 77.41%, respectively, but in exergy analysis, efficiencies were observed to be about 9.58% and 6.02%, respectively. Besides, the total life cycle cost was predicted to be $ 654.61 for 0.033 kg/min flow rate, which could be reduced to $ 609.22 by increasing the flow rate to 0.167 kg/min. Therefore it can be summarized that total life cycle cost decreases with the increase of flow rate.