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                     many publications and projects where this rule was not followed.) It
                     is better to use the anticipated average energy price for the life span
                     of the plant or, in the case of a retrofit, for the payback period. The
                     problem then becomes one of estimating this future energy price for
                     periods that may be as long as five or ten years. It has been shown
                     (see, e.g., Klemeš and Bulatov, 2001; Donnelly, Klemeš, and Perry,
                     2005) that even the forecasts of highly qualified experts are frequently
                     inaccurate. One of the obvious potential approaches is to use the
                     scenarios and target the most flexible design that would provide a
                     balanced optimum for various situations.

                12.2   Integration of Renewables: Fluctuating
                        Demand and Supply

                     The integration of renewable energy sources was discussed in
                     Chapter 6. Renewable resources are usually available on a smaller
                     scale and are often distributed over a certain region. Their availability
                     (with the exception of biomass) varies significantly with time and
                     location. This variability is due to changing weather and geographic
                     conditions. The energy demands (heating, cooling, and power) of
                     sites also vary significantly with time of the day and period of the
                     year. These variations in the supply and demand of renewables can
                     be predicted in part, and some of the variation is fairly regular—for
                     instance, day versus night in predominantly cloudless areas for solar
                     energy. The availability of wind-generated energy can be less
                     predictable. One approach to dealing with these problems is the
                     advanced PI technique that employs time as an additional problem
                     dimension. A basic methodology along these lines (involving “Time
                     Slices” and Time Average Composite Curves) was developed for the
                     Heat Integration of batch processes (Klemeš et al., 1994; Kemp and
                     Deakin, 1998). This methodology was recently revisited by Foo,
                     Chew, and Lee (2008).
                        This methodology has also been extended to the Heat Integration
                     of renewables. Important steps in this direction were reported by
                     Perry, Klemeš, and Bulatov (2008) and Varbanov and Klemeš (2010).
                     Dealing with variation and fluctuation brought another complexity
                     into data extraction. Data should be collected for all time slices that
                     increase the complexity. Especially, for each case, it is necessary to
                     choose the time horizon for the analysis and number of time slices.
                     This is a fast-developing field, so it is advisable to monitor recently
                     published research papers and conference presentations.

                12.3  Steady-State and Dynamic Performance

                     It has been assumed that all analyzed and optimized processes
                     operate in a steady state. Many industrial processes do operate in this
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