Techno-economic analysis of metal-hydride energy storage to enable year-round load-shifting for residential heat pumps

Thermal energy storage (TES), such as ice storage, is often used with air conditioning systems to shift cooling loads away from peak hours, reducing operating costs if time-of-use electricity rates are available. Phase change materials (PCMs) have been investigated for energy storage with heating systems; however, a single PCM cannot be used for storage with both cooling and heating since PCMs have fixed phase-change temperatures. Thermochemical energy storage with metal hydrides can be used for this purpose since the reaction used to store energy depends on both temperature and pressure, allowing for variable-temperature storage. In this paper, we propose a novel TES system design using metal hydrides coupled to a heat pump for residential heating and cooling and present a system model. The model is used to analyze system performance and predict cost savings for year-round use in a residential building. This system is shown to be capable of shifting heating and cooling loads, but only achieves cost savings of $13/year at existing utility rates. The payback period of the system exceeds 35 years across a range of rates more favorable to energy storage, primarily due to the high cost of metal hydrides. Potential improvements to the system are discussed. (C) 2021 Elsevier B.V. All rights reserved.