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Higher COPs equate to higher efficiency, lower energy (power) consumption and thus lower operating costs. The COP usually exceeds 1, especially in heat pumps, because instead of just converting work to heat (which, if 100% efficient, would be a COP of 1), it pumps additional heat from a heat source to where the heat is required.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
80 Plus (trademarked 80 PLUS) is a voluntary certification program launched in 2004, intended to promote efficient energy use in computer power supply units (PSUs). Certification is acquirable for products that have more than 80% energy efficiency at 20%, 50% and 100% of rated load, and a power factor of 0.9 or greater at 100% load.
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Such a system contains a boiler, furnace, or heat pump to heat water, steam, or air in a central location such as a furnace room in a home, or a mechanical room in a large building. The heat can be transferred by convection, conduction, or radiation. Space heaters are used to heat single rooms and only consist of a single unit.
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