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Air-conditioner sizes are often given as "tons" of cooling, where 1 ton of cooling equals 12,000 BTU/h (3.5 kW). 1 ton of cooling equals the amount of power that needs to be applied continuously over a 24-hour period to melt 1 ton of ice. The annual cost of electric energy consumed by an air conditioner may be calculated as follows:
It is the world's largest residential air-conditioner manufacturer. [3] The company offers two types of air conditioners: household air conditioners and commercial air conditioners. The company also produces electric fans, water dispensers, heaters, rice cookers, air purifiers, water kettles, humidifiers and induction cookers, among other products.
Price per million BTU of oil and natural gas in the US, 1998-2015 Natural gas prices spiked to $23.86 on February 17, 2021 because of the Texas power crisis. [14] In February 2003 there was a similar spike in natural gas prices because of shortages. [15]
Refrigeration has many applications, including household refrigerators, industrial freezers, cryogenics, and air conditioning. [5] [6] [7] Heat pumps may use the heat output of the refrigeration process, and also may be designed to be reversible, but are otherwise similar to air conditioning units. [5]
[155] [84] Solar electricity prices in India have already fallen below the affordable price (≈ INR 5.00 per kWh to generate 0.041 lb/kWh hydrogen which is equivalent to 0.071 litres of petrol in terms of lower heating value) to make hydrogen economical fuel by sourcing from electrolysis of water to replace petrol/gasoline as transport fuel.
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