A compartment/population balance model is presented for describing heat transfer in gas-solid fluidized bed heat exchangers, modelling the particle-particle and particle-surface heat transfers by collisions. The results of numerical experimentation, obtained by means of a second order moment equation model indicate that the model can be used efficiently for analysing fluidized bed heat exchangers recovering heat either by direct particlefluid heat exchange or indirect tube-in-bed operation mode. The population balance model is validated with physically measured data taken from the literature [6]. Keywords heat transfer • fluidized bed heat exchanger • compartment model • population balance model • simulation Acknowledgement This work was supported by the Hungarian Scientific Research Fund under Grant K77955 which is gratefully acknowledged. The financial support of the TAMOP-4.2.1/B-09/1/KONV-2010-0003 project is also acknowledged.