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Engineering, 11.11.2020 14:00 kayranicole1

Suppose a utility company is selling electric power for $0.03/kWh at night and is willing to pay $0.08/kWh for power produced during the day. To take advantage of this opportunity, an entrepreneur is considering building a large reservoir 40 m above the lake level, pumping water from the lake to the reservoir at night using cheap power, and letting the water flow from the reservoir back to the lake during the day, producing power as the pump–motor operates as a turbine– generator during reverse flow. Preliminary analysis shows that a water flow rate of 2 m3 /s can be used in either direction, and the irreversible head loss of the piping system is 4 m. The combined pump–motor and turbine–generator efficiencies are expected to be 75 percent each. Assuming the system operates for 10 h each in the pump and turbine modes during a typical day, determine the potential revenue this pump–turbine system can generate per year.

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