CostingEnergy mass balanceHydrogen
Ammonia cracking to hydrogen: cracker and PSA cost of service
Fired catalytic ammonia cracker with PSA purification, 20 to 3,500 t/d of ammonia: cracking service cost in EUR/kg of hydrogen (ammonia excluded), hydrogen delivered, LHV efficiency, ammonia burned as fuel and CAPEX, on the IEA 2019 and IRENA 2022 reference cases.
- CurrencyEUR 2019
- Battery limitfully financed
- 61 documented assumptions
- Updated27 Oct 2026
Mass and energy balance
What the asset draws and delivers for the case and load you choose.
Reference case
Share of the year at full feed. Default 90 %, the IEA 2019 assumption for reconversion plants. It sets the hydrogen delivered a year and spreads the fixed costs.
Flows
- In: Liquid ammonia (cracked and burned)—
- In: Electricity for PSA—
Asset
Ammonia cracker with PSA purification (fired catalytic furnace)
- Out: Hydrogen (PSA product, 99.97 % or better)—
Annual quantities at the current usage. Outline: full capacity, 8,760 h. Fill: 90.0 % capacity factor. Band width: share of energy in; non-energy flows are not to scale.
Liquid ammonia entering the plant per day, both the share cracked and the share burned in the furnace. This is the capacity the catalogue binds on. Sourced cost coverage: the IEA anchor is 4,110 t/d and Topsoe designs span 100-2,400 t/d per line (IRENA 2022). Below 100 t/d, including the 30 t/d Air Liquide pilot, the CAPEX is an exponent extrapolation, not a sourced value.
- Hydrogen output at full feed
- — kg/h
- Hydrogen capacity (LHV)
- — MW
- Average electrical load
- — MW
CAPEX
Specific cost at this size, what backs it, and how it behaves with scale.
Specific CAPEX at this size
—
Reference size 4,110 t/d
IRENA 2022 Part II, Table 6.1
Model value: the IEA 2019 reference CAPEX at 4,110 t/d scaled with the IRENA 0.65 exponent. Customized: your own quote per t/d of feed, used as is at every size; the value is then no longer sourced.
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- Ex-factory
- Installed
- Fully financed· this figure
Included
- Equipment and installation
- Indirect and owner's costs
- Contingency
Not included
- Nothing
Added at project level
- Nothing: project mode uses the figure as is
Project figures
Values passed to project mode when this asset is added to a project.
Ammonia cracker with PSA purification (fired catalytic furnace)Concept sketch, not to scale · drag to rotate
- Liquid ammonia (cracked and burned) in
- —
- Electricity for PSA in
- —
- Hydrogen (PSA product, 99.97 % or better) outMain product
- —
- CAPEX to the battery limit
- —
- Fixed O&M
- —
- Variable O&M, excluding feedstocks
- 0 EUR/year
- Asset lifetime
- 30 years
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Cracking service cost
A standalone indicator for a quick read. Project mode recomputes it for the whole system.
—
- Service cost: capital—
- Service cost: fixed O&M—
- Service cost: PSA electricity—
Linked to the balance above
Share of the year at full feed. Default 90 %, the IEA 2019 assumption for reconversion plants. It sets the hydrogen delivered a year and spreads the fixed costs.
Price of the PSA electricity. Default 75 EUR/MWh: Eurostat nrg_pc_205, EU27 non-household band IF (70-150 GWh/y), excluding VAT and recoverable taxes, 2019-S2, in the same 2019 euros as the CAPEX. The 2025-S2 value of the same series is 121.7 EUR/MWh.
Delivered price of the ammonia, cracked and burned. Leave at 0 to read the cracking service cost alone; enter a price to read the total cost of the imported hydrogen. Not part of the cracking service cost.
Real rate of the capital recovery factor on constant 2019 euro costs. Default 8 %, the IEA 2019 assumption. A zero rate is accepted (CRF = 1/n).
Service and economic life of the plant. Default 30 years, the IEA 2019 system lifetime.
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Benchmarks
This model's figures against published references and reference cases.
Energy efficiency (LHV), %
86 IRENA 2022 Part II, p. 48
Yield, share of the stoichiometric maximum, %
75 IRENA 2022 Part II, p. 48
CAPEX per kW of hydrogen (USD), USD/kW
310.8 IRENA 2022 Part II, Table 6.3
604.9 IRENA 2022 Part II, Table 6.3
783.4 IRENA 2022 Part II, Table 6.3
1,525 IRENA 2022 Part II, Table 6.3
Reference cases at this size and usage
Log in to compare the reference cases.
All results
Every model output at the current settings, grouped, with the sensitivity charts.
49 outputs · 7 groups · 16 also shown above, dimmed
Cracking service cost
5- Capital share of the service cost
- Computing%
Imported hydrogen cost
3- Ammonia cost per kg of hydrogen
- ComputingEUR/kg
- Of which ammonia burned as fuel
- ComputingEUR/kg
- Cost of hydrogen at the cracker outlet
- ComputingEUR/kg
Size and CAPEX
7- Scaling exponent applied
- Computingratio
- Total CAPEX, exponent 0.67
- ComputingEUR
- Total CAPEX, exponent 0.745
- ComputingEUR
- Below sourced size range
- Computingbool
Production
7- Hydrogen delivered, daily average
- Computingt/d
- Hydrogen delivered (kg)
- Computingkg/year
- Full-feed hours
- Computingh/year
- Hydrogen not produced below full utilisation
- Computingt/year
Mass balance
9- Hydrogen yield per tonne of ammonia
- Computingt/t
- Ammonia consumed per kg of hydrogen
- Computingkg/kg
- Ammonia burned as fuel, share of feed
- Computing%
- Ammonia sent to the cracker
- Computingt/year
- Ammonia burned as fuel
- Computingt/year
- Nitrogen released by cracking
- Computingt/year
- Unconverted ammonia
- Computingt/year
Energy balance
13- Energy efficiency including electricity
- Computing%
- Furnace heat demand
- ComputingkWh/kg
- Heat from the PSA off-gas
- ComputingkWh/kg
- Heat from burned ammonia
- ComputingkWh/kg
- Off-gas share of the heat demand
- Computing%
- Reaction heat per kg delivered
- ComputingkWh/kg
- Reaction heat per mole of ammonia
- ComputingkJ/mol
- Reaction share of the heat demand
- Computing%
- PSA electricity per kg
- ComputingkWh/kg
- Electricity consumed
- ComputingMWh/year
Yearly costs
5- Capital recovery factor
- Computing1/year
- Annualised CAPEX
- ComputingEUR/year
- Electricity cost
- ComputingEUR/year
- Yearly cost of service
- ComputingEUR/year
Sensitivities
4 chartsLog in to view this sensitivity chart.
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Sources
61 documented assumptions · 5 sources
- iea.blob.core.windows.netIEA (2019), The Future of Hydrogen, Assumptions annexreconversion of ammonia, 1,500 kt NH3/y, CAPEX USD 460 million, OPEX 4 %, heat 9.7 kWh/kg, PSA 1.5 kWh/kg, PSA recovery 85 %, recovery 99 %; 8 %, 30 years, 90 % utilisation (p. 7-8)
- irena.orgIRENA (2022), Global hydrogen trade to meet the 1.5C climate goal, Part IIsection 2.5 cracking (designs 100-2,400 t/d, Topsoe 75 % / 86 %, PSA 1.5-2 kWh/kg), Table 6.1 exponent 0.65, Table 6.3 reconversion CAPEX and heat
- data-api.ecb.europa.euECB, USD/EUR reference rate, 2019 annual average 1.1195
- ec.europa.euEurostat nrg_pc_205, non-household electricity prices, EU27 band IF excluding VAT2019-S2 0.0750 EUR/kWh, 2025-S2 0.1217 EUR/kWh
- nap.nationalacademies.orgNational Academies (2004), The Hydrogen Economy, appendixhydrogen LHV 33.3 kWh/kg
About
Calculator context
About
Calculator context
Reconversion plant at an ammonia import terminal. Liquid ammonia is vaporised and cracked over a catalyst in a fired tubular furnace (2 NH3 -> N2 + 3 H2, endothermic); a PSA purifies the hydrogen and its off-gas is burned in the furnace, with extra ammonia burned to close the heat demand. The calculator gives the cracking service cost in EUR per kg of hydrogen delivered, excluding the ammonia, split into capital, fixed O&M and PSA electricity; the hydrogen delivered a year; the hydrogen yield per tonne of ammonia against the 0.1776 t/t stoichiometric maximum; the LHV energy efficiency; the share of ammonia burned; and the CAPEX. At the defaults (1,000 t/d, IEA 2019 case, 90 % utilisation, 75 EUR/MWh) the service cost is 0.59 EUR/kg, the yield 0.1346 t/t (75.8 % of stoichiometric), the efficiency 86.7 % LHV and 10.0 % of the ammonia is burned. Mass balance and costs come from the IEA 2019 Future of Hydrogen assumptions annex (PSA recovery 85 %, conversion 99 %, heat 9.7 kWh/kg, PSA 1.5 kWh/kg, 460 MUSD at 1,500 kt/y, O&M 4 %, 8 %, 30 years); the IRENA 2022 hydrogen carriers review gives the 0.65 scaling exponent and the 2030 heat cases (11.2 and 16.8 kWh/kg). Enter an ammonia price to read the total cost of imported hydrogen. Below 100 t/d the CAPEX is an extrapolation, and IRENA's reconversion CAPEX differs from the IEA anchor: both gaps are shown. Chains downstream of the Haber-Bosch ammonia synthesis calculator as the return leg of an ammonia import chain.
Model
104 variables — inputs, calculations and outputs, with their dependencies.
Model
104 variables — inputs, calculations and outputs, with their dependencies.
| Variable | Value | Unit | Depends on |
|---|---|---|---|
| 1000 | t/d | — | |
| 90 | % | — | |
| 1 | — | — | |
| 0 | — | — | |
| 100000 | EUR/(t/d) | — | |
| 75 | EUR/MWh | — | |
| 0 | EUR/t | — | |
| 8 | % | — | |
| 30 | years | — |
| Variable | Formula | Unit | Depends on |
|---|---|---|---|
if((<=)+(<=)+(>)+(<)+(>)+(<)+(>)+(<=)+(<)+(<)+(<)+(>)+(<)>,,) | bool | ||
* | ratio | ||
* | ratio | ||
* | kWh/kg | ||
/(*) | kg/kg | ||
/(**) | kg/kg | ||
/ | kg/kg | ||
*// | EUR/(t/d) |
| Variable | Formula | Unit | Depends on |
|---|---|---|---|
* | h/year | ||
if(==,,if(==,,)) | kWh/kg | ||
if(==,,) | kWh/kg | ||
(-)* | kWh/kg | ||
max(-,) | kWh/kg | ||
+ | kg/kg | ||
/ | t/t | ||
/* | % | ||
/(*)* | % | ||
/(*+)* | % | ||
/* | % | ||
min(,)/* | % | ||
*(-/) | kWh/kg | ||
(*-)** | kJ/mol | ||
/* | % | ||
*// | kg/h | ||
** | MW | ||
** | t/year | ||
/ | t/year | ||
/ | t/d | ||
*/- | t/year | ||
* | t/year | ||
* | t/year | ||
***(-) | t/year | ||
*(-*) | t/year | ||
*** | MWh/year | ||
/ | MW | ||
**(*+-)* | MWh/year | ||
if(<,/,(*(+)^)/max((+)^-,)) | 1/year | ||
if(>=,,) | ratio | ||
if(>=,,clamp(*(/)^(-),,)) | EUR/(t/d) | ||
* | EUR | ||
if(>=,,clamp(*(/)^(-),,)*) | EUR | ||
if(>=,,clamp(*(/)^(-),,)*) | EUR | ||
*/max(*,) | USD/kW | ||
* | EUR/year | ||
** | EUR/year | ||
* | EUR/year | ||
++ | EUR/year | ||
* | kg/year | ||
/max(,) | EUR/kg | ||
/max(,) | EUR/kg | ||
/max(,) | EUR/kg | ||
++ | EUR/kg | ||
/max(,)* | % | ||
*/ | EUR/kg | ||
*/ | EUR/kg | ||
+ | EUR/kg | ||
if(<,,) | bool |
Assumptions
61 assumptions used in the calculations
Assumptions
61 assumptions used in the calculations
Lower limit in the input guards and the floor of the burned-ammonia balance.
Market range Exact by definition.
0Numerical constantUnit multiplier in the CRF, the guards, the reference-case switch and the Customized switch.
Market range Exact by definition.
1Numerical constantProtects divisions by a quantity that is positive inside the valid domain.
Market range Exact by definition.
0Numerical constantConverts a percent into a fraction.
Market range Exact by definition.
0.01Numerical constantConverts a fraction into a percent.
Market range Exact by definition.
100Numerical constantHours in a year (365 days).
Market range Exact by definition.
8760h/yearNumerical constantDays in a year; also turns the IEA 1,500 kt/y reference into t/d.
Market range Exact by definition.
365d/yearNumerical constantTurns a daily ammonia feed into an hourly hydrogen output.
Market range Exact by definition.
24h/dNumerical constantKilograms per tonne.
Market range Exact by definition.
1000kg/tNumerical constantMWh per kWh.
Market range Exact by definition.
0.001MWh/kWhNumerical constantkW per MW.
Market range Exact by definition.
1000kW/MWNumerical constantUSD per million USD.
Market range Exact by definition.
1000000USD/MUSDNumerical constant1 GJ/t = 1 MJ/kg = 0.2777778 kWh/kg; converts the ammonia LHV.
Market range Exact by definition.
0.277778kWh/kg per GJ/tNumerical constantkJ per kWh; expresses the reaction heat per mole.
Market range Exact by definition.
3600kJ/kWhNumerical constantIdentifier of the IEA 2019 reference case in the selector.
Market range Exact by definition.
1Numerical constantIdentifier of the IRENA 2030 optimistic reference case in the selector.
Market range Exact by definition.
2Numerical constantIdentifier of the IRENA 2030 pessimistic reference case in the selector.
Market range Exact by definition.
3Numerical constantExpresses the reaction heat implied by the two LHVs per mole of ammonia.
Market range Exact to the third decimal.
0.017031kg/molIUPAC atomic weightsMaximum hydrogen a tonne of ammonia can give if all of it is cracked and none is burned; upper limit of the specific yield.
Market range Exact (stoichiometry).
0.1776t/tComputed from molar massesLower heating value of ammonia; values the burned ammonia and the energy efficiency.
Market range 18.6 GJ/t (IRENA); no other value used.
18.6GJ/tIRENA 2022 Part II, p. 33Lower heating value of hydrogen; values the PSA off-gas and the hydrogen delivered.
Market range 33.3 kWh/kg LHV.
33.3kWh/kgNAP 2004, appendixShare of the cracked hydrogen that leaves the PSA as product; the other 15 % goes to the furnace in the off-gas.
Market range 85 % in the IEA table; IRENA 2022 does not give a separate figure.
85%IEA 2019 annex, p. 8Fraction of the ammonia sent to the catalyst that is cracked. The 1 % left is assumed removed from the off-gas (scrubbed), so its heat is not credited to the furnace.
Market range 99 % in the IEA table; the IEA label is ambiguous between conversion and recovery, hence medium evidence.
99%IEA 2019 annex, p. 8Furnace heat per kg of hydrogen delivered in the IEA 2019 reference case: vaporisation, preheat and the endothermic reaction.
Market range IEA 9.7; IRENA 2022 Table 6.3 gives 11.2 (optimistic) to 16.8 (pessimistic) for 2030. The two sources disagree; both are exposed as reference cases.
9.7kWh/kgIEA 2019 annex, p. 8Furnace heat of the IRENA 2030 optimistic case.
Market range11.2kWh/kgIRENA 2022 Part II, Table 6.3Furnace heat of the IRENA 2030 pessimistic case.
Market range16.8kWh/kgIRENA 2022 Part II, Table 6.3PSA electricity per kg of hydrogen delivered, used in the IEA 2019 and IRENA 2030 optimistic cases.
Market range1.5kWh/kgIEA 2019 annex, p. 8Upper end of the IRENA range, used in the IRENA 2030 pessimistic case. IRENA does not tie this value to its pessimistic scenario: the pairing is this calculator's choice.
Market range2kWh/kgIRENA 2022 Part II, p. 46Size of the only cost anchor; the scale law is pinned at this feed.
Market range Single anchor. Below about 100 t/d (smallest Topsoe design cited by IRENA) no source covers the cost.
4110t/dIEA 2019 annex, p. 7, divided by 365Plant investment of the reference cracker, taken as the all-in figure the IEA uses directly in its levelised cost (no OSBL or indirect uplift added in the source). IEA does not detail the scope, hence medium evidence.
Market range At the reference this is about 600 USD/kW H2 (LHV). IRENA 2022 Table 6.3 gives 783-1,525 USD/kW H2 for 2030 (10 kt/y, first of a kind) and 311-605 for 2040 (100 kt/y): the two sources disagree and the gap is exposed as benchmarks.
460MUSDIEA 2019 annex, p. 8Converts the 2019 USD CAPEX into 2019 euros, and the model CAPEX back into USD for the IRENA benchmark.
Market range 1.1195 (ECB, annual average 2019).
1.1195USD/EURECB 2019 averageEconomy of scale of the cracker CAPEX with the ammonia feed, applied from the 4,110 t/d IEA anchor across the slider.
Market range 0.65 (IRENA table); the studies IRENA reviews use 0.67-0.745 (Cesaro 2021, Ishimoto 2020, ISPT 2017), shown as a CAPEX sensitivity.
0.65IRENA 2022 Part II, Table 6.1Low end of the literature exponent range, used for the CAPEX sensitivity output.
Market range0.67IRENA 2022 Part II, p. 47High end of the literature exponent range, used for the CAPEX sensitivity output.
Market range0.745IRENA 2022 Part II, p. 47Fixed operation and maintenance a year as a share of CAPEX. It includes catalyst replacement, which no source in this calculator costs separately.
Market range 4 % (IEA); no independent range cited.
4%IEA 2019 annex, p. 8Clamp floor of the scale law. It bites only above about 128,000 t/d, far outside the slider; it never changes a value inside the declared domain.
Market range Not a market value.
30000EUR/(t/d)Numerical guardClamp ceiling of the scale law. It bites only below about 0.8 t/d, far outside the slider; it never changes a value inside the declared domain.
Market range Not a market value.
2000000EUR/(t/d)Numerical guardSmallest design size a source cites. Below it the CAPEX is an exponent extrapolation from the 4,110 t/d anchor and the calculator raises a flag.
Market range100t/dIRENA 2022 Part II, p. 47Default of the utilisation slider.
Market range 90 % (IEA); no independent range cited.
90%IEA 2019 annex, p. 8Default of the discount rate slider, read as a real rate on constant 2019 euros.
Market range 8 % (IEA); no independent range cited.
8%IEA 2019 annex, p. 8Default economic lifetime and the service life exported to project mode.
Market range 30 years (IEA).
30yearsIEA 2019 annex, p. 8Capacity of the IEA cost anchor; 1,500 / 365 = 4,110 t/d.
Market range Single anchor.
1500kt/yearIEA 2019 annex, p. 7Reference CAPEX in 2019 euros; the model computes it from the two cited figures.
Market range Converted value, so medium evidence.
410.9MEURIEA 2019 annex + ECBDefault electricity price, in the same 2019 euros as the CAPEX. The PSA of a 1,000 t/d plant draws about 66 GWh a year, inside band IF.
Market range 2019-S1 77.9 EUR/MWh; 2025-S2 121.7 EUR/MWh (same series, current euros).
75EUR/MWhEurostat nrg_pc_205, 2019-S2Recent price of the same series, for users who want current prices. Entering it mixes 2025 electricity with 2019 CAPEX euros; the calculator does not index the CAPEX.
Market range See the 2019 value.
121.7EUR/MWhEurostat nrg_pc_205, 2025-S2Benchmark for the yield as a share of the stoichiometric maximum. Industry estimate reported second-hand, not a measured plant.
Market range 75 % (Topsoe via IRENA).
75%IRENA 2022 Part II, p. 48Benchmark for the LHV energy efficiency. Independent of the IEA figures the model uses, so a real cross-check.
Market range 86 % (Topsoe via IRENA); IRENA notes energy losses of 15 % minimum and up to 30 % of the hydrogen energy.
86%IRENA 2022 Part II, p. 48Largest single-line design cited. The IEA anchor (4,110 t/d) is above it, so plants of that size are read as more than one line.
Market range2400t/dIRENA 2022 Part II, p. 47Benchmark for the CAPEX per kW of hydrogen. IRENA 2030 optimistic case, plant scale about 10 kt H2/y. The IRENA cost year is not restated in the table cited; the model value is in 2019 dollars, so the comparison is an order-of-magnitude check, not a position.
Market range 2030: 783-1,525 USD/kW (first of a kind, 10 kt/y); 2040: 311-605 USD/kW (100 kt/y).
783.4USD/kWIRENA 2022 Part II, Table 6.3Benchmark for the CAPEX per kW of hydrogen. IRENA 2030 pessimistic case, plant scale about 10 kt H2/y. The IRENA cost year is not restated in the table cited; the model value is in 2019 dollars, so the comparison is an order-of-magnitude check, not a position.
Market range 2030: 783-1,525 USD/kW (first of a kind, 10 kt/y); 2040: 311-605 USD/kW (100 kt/y).
1,524.7USD/kWIRENA 2022 Part II, Table 6.3Benchmark for the CAPEX per kW of hydrogen. IRENA 2040 optimistic case, plant scale about 100 kt H2/y. The IRENA cost year is not restated in the table cited; the model value is in 2019 dollars, so the comparison is an order-of-magnitude check, not a position.
Market range 2030: 783-1,525 USD/kW (first of a kind, 10 kt/y); 2040: 311-605 USD/kW (100 kt/y).
310.8USD/kWIRENA 2022 Part II, Table 6.3Benchmark for the CAPEX per kW of hydrogen. IRENA 2040 pessimistic case, plant scale about 100 kt H2/y. The IRENA cost year is not restated in the table cited; the model value is in 2019 dollars, so the comparison is an order-of-magnitude check, not a position.
Market range 2030: 783-1,525 USD/kW (first of a kind, 10 kt/y); 2040: 311-605 USD/kW (100 kt/y).
604.9USD/kWIRENA 2022 Part II, Table 6.3Method: liquid ammonia is vaporised and cracked in a fired catalytic tubular furnace (2 NH3 -> N2 + 3 H2). Per kg of hydrogen delivered, the PSA recovers 85 % of the cracked hydrogen; the cracker converts 99 % of its feed. The PSA off-gas (15 % of the hydrogen) is burned in the furnace and extra ammonia closes the heat demand of the reference case. Hydrogen a year = ammonia feed x 365 x utilisation / ammonia consumed per kg. CAPEX = IEA anchor scaled with the IRENA exponent; service cost = (CAPEX x CRF + 4 % O&M) / kg + PSA electricity.
Market range Not applicable.
—Model scopeThe only cost anchor is 4,110 t/d. Between 100 and 3,500 t/d the CAPEX is the anchor scaled with a published exponent. Below 100 t/d, including the 30 t/d Air Liquide pilot in the catalogue, no source covers the cost: the value is an exponent extrapolation over a factor of up to about 200 and the calculator raises a flag. It is not high evidence.
Market range Not applicable.
—Model scopeTwo sources disagree on CAPEX. The IEA anchor gives about 600 USD/kW of hydrogen at 4,110 t/d. IRENA gives 783-1,525 USD/kW for 2030 (10 kt H2/y, first of a kind) and 311-605 for 2040 (100 kt H2/y). At the sizes IRENA quotes, this model sits above both IRENA ranges (about 1,700 USD/kW near 200 t/d and 770 USD/kW near 2,000 t/d). The gap is shown as benchmarks on the CAPEX per kW output, not reconciled.
Market range Not applicable.
—Model scopeHeat demand differs between the sources: IEA 9.7 against IRENA 11.2-16.8 kWh/kg for 2030. The three reference cases span that range. The IRENA 2050 optimistic 5.0 kWh/kg would give an efficiency above 96 % and is outside the defended range, so it is not offered.
Market range Not applicable.
—Model scopeVendor claims of a hydrogen yield above 78 % without external fuel and 96 % recovery were not found in a primary document and are not used. The only Topsoe figures used are those IRENA reports (75 % weight basis, 86 % energy basis), as benchmarks.
Market range Not applicable.
—Model scopeElectric heating of the cracker is out of scope: all three cases are fired furnaces burning the off-gas and ammonia.
Market range Not applicable.
—Model scopebattery_limit = fully_financed: the IEA uses the CAPEX as the whole investment, with no OSBL or indirect uplift, so project mode adds none. IEA does not detail what the figure covers, hence medium evidence. Ammonia storage and the import terminal are separate items in both IEA and IRENA and are excluded here.
Market range Not applicable.
—Model scopeThe 1 % of ammonia left uncracked is assumed removed from the off-gas before the furnace, so its heat is not credited. Crediting it would raise the efficiency by about 0.8 point; leaving it out is the conservative reading.
Market range Not applicable.
—Model scopeAll costs are in constant 2019 euros with no escalation, and the discount rate is read as a real rate. Market prices entered by the user should be in 2019 euros to stay consistent; the calculator does not index them.
Market range Not applicable.
—Model scope