VUL 2.68% $3.83 vulcan energy resources limited

Ann: PFS Presentation, page-56

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    Not upramping or downramping, but be wary of the energy business figures.

    The Carnot thermal efficiency is used to calculate the theoretical thermal efficiency of a heat engine. In thermodynamics a heat engine is a system that converts the heat energy into mechanical work (or electricity). By the second law of thermodynamics, such a system must contain a heat sink and a heat source. T cold is the corresponding temperature of the heat sink/cold reservoir and T hot is the corresponding temperature of the heat source and the Carnot thermal efficiency formula is as follows:

    https://hotcopper.com.au/data/attachments/2810/2810395-cb12e72c1ee9efcefa2bd5b73ce0de77.jpg
    The temperatures in the formula above must be converted to degrees Kelvin, so the Vulcan published figures [Source: VUL AGM presentation from 25-11-2020, page 13] of 165 degrees C for the heat source converts to 438.15 degrees Kelvin and 65 degrees C for the cold reservoir converts to 338.15 degrees Kelvin.

    Plugging in the numbers of 438.15 degrees K for the heat source and 338.15 degrees K for the cold reservoir, the maximum possible thermal efficiency of this system (the efficiency at which it can convert heat into electricity) is 22.8%. In practice it will be less than that, so assume 20% or less.

    Online calculator here if you want to have a go yourself:

    http://calistry.org/calculate/thermalEfficiencyCalculator
 
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