Thermo-economic Analysis of Power Cycles

author

  • A. R. Azimian
Abstract:

Exergy analysis is based on combined first and second laws of thermodynamics and is a useful tool to analyze the energy systems in a better and more realistic way than an energy analysis, based on the first law of thermodynamics. Combination of exergy from thermodynamics with conventional concepts from engineering economy which is referred to as thermo-economy (exergo-economy) is a valuable tool to analyze the energy systems in a better way. In this paper, efforts are made to apply the concept of thermo-economy to analyze two power cycles (a combined Gas and Steam cycle and a conventional steam power plant). In this analysis, the results of an exergy calculation are combined with the economic aspects such as investment costs, fuel costs, and also operation and maintenance costs. The goal of this study is to show how to implement the concept of thermo-economy to these cycles and also how to estimate the price of the product (electric power generated). Assessment of the components exergy destruction costs is a second objective in this study. Results obtained from this analysis clearly show the effect of the cost breakdown and the component performance on the price of the final product. Comparison of the price of the product in these cycles shows that the combined cycle is superior to the conventional steam power plant.

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

analysis of power in the network society

اندیشمندان و صاحب نظران علوم اجتماعی بر این باورند که مرحله تازه ای در تاریخ جوامع بشری اغاز شده است. ویژگیهای این جامعه نو را می توان پدیده هایی از جمله اقتصاد اطلاعاتی جهانی ، هندسه متغیر شبکه ای، فرهنگ مجاز واقعی ، توسعه حیرت انگیز فناوری های دیجیتال، خدمات پیوسته و نیز فشردگی زمان و مکان برشمرد. از سوی دیگر قدرت به عنوان موضوع اصلی علم سیاست جایگاه مهمی در روابط انسانی دارد، قدرت و بازتولید...

15 صفحه اول

Thermo-Economic Evaluation of Organic Rankine Cycles for Geothermal Power Generation Using Zeotropic Mixtures

We present a thermo-economic evaluation of binary power plants based on the Organic Rankine Cycle (ORC) for geothermal power generation. The focus of this study is to analyse if an efficiency increase by using zeotropic mixtures as working fluid overcompensates additional requirements regarding the major power plant components. The optimization approach is compared to systems with pure media. B...

full text

Thermo-economic analysis and optimization of cogeneration systems by considering economic parameters fluctuations

A successful cogeneration system design project needs an estimation of the economical parameters of the project, including capital investment, costs of fuel, expenses in maintenance and operating, and the proper cost for the products. This study describes the economic consideration of the benchmark cogeneration systems, called CGAM system located in the United States. To evaluate the profitabil...

full text

Thermo-economic analysis of absorption chiller integrated with a GE-F5 gas turbine for power enhancement (Zanbagh power plant, studied case)

The efficiency and output power of gas turbine power plants are heavily affected by ambient air temperature. To compensate this defect, some cooling technologies and technics are applied. In this paper, the effect of applying an absorption chiller by recovering waste heat from gas turbine flue gas has been investigated. For this purpose, the behavior of a GE-F5 gas turbine was modeled by coding...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 24  issue 1

pages  413- 424

publication date 2005-07

By following a journal you will be notified via email when a new issue of this journal is published.

Keywords

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023