Economic feasibility of implementing thermoelectric cooling systems

Abstract

Thermoelectric coolers utilizing peltier effect offer a promising solution for cooling applications. This paper explores the operational principles and economic feasibility of thermoelectric coolers, focusing on the Peltier effect as the underlying mechanism. the paper discusses the integration of thermoelectricity with photovoltaic power for diverse applications such as workplace comfort, refrigeration, and power generation. Economic analyses highlight the viability of thermoelectric systems, particularly in remote regions with intermittent electricity supply. Comparison with conventional refrigeration methods reveals the potential cost-effectiveness of thermoelectric solutions, albeit with considerations for initial investment and operational expenses. The findings contribute to advancing sustainable cooling technologies and inform decision-making processes for adopting thermoelectric solutions in various contexts.