Table 5 Cost Estimation for different PCMs.

From: Performance assessment of thermal energy storage system for solar thermal applications

Parameter

PCM 1

PCM 2

PCM 3

Material cost ($/kg)

5–8

3–6

6–9

Processing cost ($/kg)

2–4

3–5

4–6

Encapsulation cost ($/kg)

3–5

4–6

5–7

Installation cost ($/m2)

15–20

10–15

18–22

Maintenance cost ($/year)

5–10

7–12

6–11

Latent heat storage capacity (kJ/kg)

150–250

200–300

180–280

Life cycle (years)

8–10

10–12

9–11