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In some areas electrical resistance heating is used, especially where the cost of electricity is low or the primary purpose is for air conditioning. Modern high-efficiency furnaces can be up to 98% efficient and operate without a chimney, with a typical gas furnace being about 80% efficient. [ 1 ]
An induction furnace is an electrical furnace in which the heat is applied by induction heating of metal. [ 1 ] [ 2 ] [ 3 ] Induction furnace capacities range from less than one kilogram to one hundred tons, and are used to melt iron and steel , copper , aluminum , and precious metals .
Institutional heating systems (office buildings or schools, for example) can use low-grade, inexpensive bunker fuel to run their heating plants, but capital cost is high compared to more easily managed liquid fuels. Natural gas is a widespread heating fuel in North America and northern Europe. Gas burners are automatically controlled and ...
The low capital cost for a mini-mill—around US$140–200 per ton of annual ... Unlike a scrap melting furnace, a ladle furnace does not have a tilting or scrap ...
More recently, the cost of solar in Japan has decreased to between ¥13.1/kWh to ¥21.3/kWh (on average, ¥15.3/kWh, or $0.142/kWh). [133] The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply.
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