Introduction to the energy situation in the world, Europe and Croatia. As part of the course, students are encouraged to think rationally and make decisions related to energy policy and are introduced to the application of basic economic methods in assessing the cost-effectiveness of investments in the energy sector.

Student responsibilities:

Class attendance, consultations and preparation of planned tasks.

Grading and evaluation of student work over the course of instruction and at a final exam:

Upon successful completion of the course, students will be able to (learning outcomes):

1 . Explain ways to convert energy

2 . Analyse the basic characteristics of different energy sources

3 . Develop cash flow tables for energy projects

4 . Assess the justification of investing in energy efficiency measures, energy plants and other projects in energy using NPV and IRR methods

5 . Evaluate different concepts of reducing harmful emissions in energy sector

6 . Evaluate different concepts of renewable energy applications

7 . Evaluate and compare techno-economic parameters of the application of energy efficiency measures in industrial plants, buildings and transport

8 . Analyse the concept of sustainable development

Lectures

1. Introduction. Energy and energy usage: power, heating and cooling. Forms of energy: chemical, mechanical, thermal, electrical, etc. Energy, economy and environment

2. Financial evaluation of energy projects I. Introduction and cash flow model. Time value of money and equipment life

3. Financial evaluation of energy projects II. Evaluation of project proposals and techniques of systematic economic analysis. Other considerations in the analysis of investment (profit tax, depreciation (amortization), inflation)

4. Primary energy (forms of primary energy, primary energy reserves, production and trade of primary energy, primary energy consumption, efficiency of primary energy consumption)

5. Energy transformations - electricity production (conventional and alternative technologies, distributed generation, island generation)

6. Energy transformations - heat production (cogeneration, cooling, polygeneration).

7. European energy policy - energy transition (security of energy supply, energy and product competitiveness, energy sector reorganization)

8. Renewable energy sources I

9. Renewable energy sources II

10. Socially engaged energy sector

11. Final consumption and energy efficiency (sectoral approach) I

12. Final consumption and energy efficiency (sectoral approach) II

13. Sustainable energy development (demography and resources, definitions of sustainability, methods of assessing the sustainable development of energy systems)

14. Energy system development planning and energy markets

15. Colloquium

Exercises

1. Essay

2. Basic methods of calculating the time value of money I

3. Basic methods of calculating the time value of money II

4. Basic methods of project proposal evaluation I

5. Basic methods of project proposal evaluation II

6. Essay

7. Case study: estimation of electricity price I

8. Case study: electricity price estimate II

9. Case study: estimation of the price of electricity and heat from cogeneration

10. Essay

11. Case study: comparison of electricity price for the selected system and network connection

12. Case study: assessment of the cost-effectiveness of thermal insulation of a family house

13. Case study: Paris Agreement

14. Case study: power system planning in island operational mode

15. Colloquium

Compulsory literature:

1. Predavanja iz Osnova energetike, Neven Duić, Online, 2024, p. 0-0

2. Energija u Hrvatskoj, Godišnji energetski pregled, Energetski Institut , Energetski Institut , 2023, p. 0-0

3. Renewable Energy Systems 2nd Edition, A Smart Energy Systems Approach to the Choice and Modeling of 100% Renewable Solutions , Henrik Lund, Elsevier , 2014, p. 0-0

Recommended literature:

4. Energy Economics Theory and Applications, Zweifel Peter, Praktiknjo Aaron, Erdmann Georg, Springer, 2017, p. 0-0

5. Energy Resources and Systems, Ghosh Tushar, Prelas Mark, Springer, 2011, p. 0-0