Presumably it's considered instantaneous because of the large burner rate.
We previously assumed that instantaneous water heaters have tank volumes <= 2 gal and thus insignificant standby losses. To handle products like this, we should allow tank volume as an input and, if it's greater than 2 gal, model it as a conventional storage water heater.
For example, this product is called an instantaneous water heater but it has a 34 gal tank:
Presumably it's considered instantaneous because of the large burner rate.
We previously assumed that instantaneous water heaters have tank volumes <= 2 gal and thus insignificant standby losses. To handle products like this, we should allow tank volume as an input and, if it's greater than 2 gal, model it as a conventional storage water heater.