IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v28y2003i4p343-360.html
   My bibliography  Save this article

Exergetic and thermoeconomic analyses of power plants

Author

Listed:
  • Kwak, H.-Y.
  • Kim, D.-J.
  • Jeon, J.-S.

Abstract

Exergetic and thermoeconomic analyses were performed for a 500-MW combined cycle plant. In these analyses, mass and energy conservation laws were applied to each component of the system. Quantitative balances of the exergy and exergetic cost for each component, and for the whole system was carefully considered. The exergoeconomic model, which represented the productive structure of the system considered, was used to visualize the cost formation process and the productive interaction between components. The computer program developed in this study can determine the production costs of power plants, such as gas- and steam-turbines plants and gas-turbine cogeneration plants. The program can be also be used to study plant characteristics, namely, thermodynamic performance and sensitivity to changes in process and/or component design variables.

Suggested Citation

  • Kwak, H.-Y. & Kim, D.-J. & Jeon, J.-S., 2003. "Exergetic and thermoeconomic analyses of power plants," Energy, Elsevier, vol. 28(4), pages 343-360.
    • Handle: RePEc:eee:energy:v:28:y:2003:i:4:p:343-360
    DOI: 10.1016/S0360-5442(02)00138-X
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S036054420200138X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/S0360-5442(02)00138-X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Tsatsaronis, George & Pisa, Javier, 1994. "Exergoeconomic evaluation and optimization of energy systems — application to the CGAM problem," Energy, Elsevier, vol. 19(3), pages 287-321.
    2. Lozano, M.A. & Valero, A., 1993. "Theory of the exergetic cost," Energy, Elsevier, vol. 18(9), pages 939-960.
    3. Kim, Si-Moon & Oh†, Si-Doek & Kwon, Yong-Ho & Kwak, Ho-Young, 1998. "Exergoeconomic analysis of thermal systems," Energy, Elsevier, vol. 23(5), pages 393-406.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kum-Jung Lee & Seok-Ho Seo & Junhyun Cho & Si-Doek Oh & Sang-Ok Choi & Ho-Young Kwak, 2022. "Exergy and Thermoeconomic Analyses of a Carnot Battery System Comprising an Air Heat Pump and Steam Turbine," Energies, MDPI, vol. 15(22), pages 1-19, November.
    2. Sahu, Mithilesh Kumar & Sanjay,, 2017. "Thermoeconomic investigation of power utilities: Intercooled recuperated gas turbine cycle featuring cooled turbine blades," Energy, Elsevier, vol. 138(C), pages 490-499.
    3. Luo, Xianglong & Zhang, Bingjian & Chen, Ying & Mo, Songping, 2011. "Modeling and optimization of a utility system containing multiple extractions steam turbines," Energy, Elsevier, vol. 36(5), pages 3501-3512.
    4. Abusoglu, Aysegul & Kanoglu, Mehmet, 2009. "Exergoeconomic analysis and optimization of combined heat and power production: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2295-2308, December.
    5. Seyyedi, Seyyed Masoud & Ajam, Hossein & Farahat, Said, 2010. "A new criterion for the allocation of residues cost in exergoeconomic analysis of energy systems," Energy, Elsevier, vol. 35(8), pages 3474-3482.
    6. Özen, Dilek Nur & Koçak, Betül, 2022. "Advanced exergy and exergo-economic analyses of a novel combined power system using the cold energy of liquefied natural gas," Energy, Elsevier, vol. 248(C).
    7. Keçebaş, Ali, 2013. "Effect of reference state on the exergoeconomic evaluation of geothermal district heating systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 462-469.
    8. Sahu, Mithilesh Kumar & Sanjay,, 2017. "Comparative exergoeconomics of power utilities: Air-cooled gas turbine cycle and combined cycle configurations," Energy, Elsevier, vol. 139(C), pages 42-51.
    9. Shafaei, Arash & Mehrpooya, Mehdi, 2018. "Process development and sensitivity analysis of novel integrated helium recovery from natural gas processes," Energy, Elsevier, vol. 154(C), pages 52-67.
    10. Gao, Jintong & Zhang, Qi & Wang, Xiaozhuang & Song, Dayong & Liu, Weiqi & Liu, Wenchao, 2018. "Exergy and exergoeconomic analyses with modeling for CO2 allocation of coal-fired CHP plants," Energy, Elsevier, vol. 152(C), pages 562-575.
    11. Oh, Si-Doek & Lee, Yeji & Yoo, Yungpil & Kim, Jinoh & Kim, Suyong & Song, Seung Jin & Kwak, Ho-Young, 2013. "A support strategy for the promotion of photovoltaic uses for residential houses in Korea," Energy Policy, Elsevier, vol. 53(C), pages 248-256.
    12. Oh, Si-Doek & Kim, Ki-Young & Oh, Shuk-Bum & Kwak, Ho-Young, 2012. "Optimal operation of a 1-kW PEMFC-based CHP system for residential applications," Applied Energy, Elsevier, vol. 95(C), pages 93-101.
    13. Seo, Seok-Ho & Oh, Si-Doek & Park, Jinwon & Oh, Hwanyeong & Choi, Yoon-Young & Lee, Won-Yong & Kwak, Ho-Young, 2021. "Thermodynamic, exergetic, and thermoeconomic analyses of a 1-kW proton exchange membrane fuel cell system fueled by natural gas," Energy, Elsevier, vol. 217(C).
    14. Haydargil, Derya & Abuşoğlu, Ayşegül, 2018. "A comparative thermoeconomic cost accounting analysis and evaluation of biogas engine-powered cogeneration," Energy, Elsevier, vol. 159(C), pages 97-114.
    15. Hajjaji, Noureddine & Pons, Marie-Noëlle & Houas, Ammar & Renaudin, Viviane, 2012. "Exergy analysis: An efficient tool for understanding and improving hydrogen production via the steam methane reforming process," Energy Policy, Elsevier, vol. 42(C), pages 392-399.
    16. Seok-Ho Seo & Si-Doek Oh & Ho-Young Kwak, 2022. "Thermodynamic, Exergetic and Thermoeconomic Analyses of Double-Effect LiBr–Water Absorption Refrigeration Systems with a 5 kW High Temperature PEMFC as Heat Source for Data Center Applications," Energies, MDPI, vol. 15(9), pages 1-24, April.
    17. Picallo-Perez, Ana & Catrini, Pietro & Piacentino, Antonio & Sala, José-Mª, 2019. "A novel thermoeconomic analysis under dynamic operating conditions for space heating and cooling systems," Energy, Elsevier, vol. 180(C), pages 819-837.
    18. Jung, Jung-Yeul & Lee, Ho Saeng & Kim, Hyeon-Ju & Yoo, Yungpil & Choi, Woo-Young & Kwak, Ho-Young, 2016. "Thermoeconomic analysis of an ocean thermal energy conversion plant," Renewable Energy, Elsevier, vol. 86(C), pages 1086-1094.
    19. Fábrega, F.M. & Rossi, J.S. & d'Angelo, J.V.H., 2010. "Exergetic analysis of the refrigeration system in ethylene and propylene production process," Energy, Elsevier, vol. 35(3), pages 1224-1231.
    20. Blanco-Marigorta, Ana M. & Victoria Sanchez-Henríquez, M. & Peña-Quintana, Juan A., 2011. "Exergetic comparison of two different cooling technologies for the power cycle of a thermal power plant," Energy, Elsevier, vol. 36(4), pages 1966-1972.
    21. Khoa, T.D. & Shuhaimi, M. & Hashim, H. & Panjeshahi, M.H., 2010. "Optimal design of distillation column using three dimensional exergy analysis curves," Energy, Elsevier, vol. 35(12), pages 5309-5319.
    22. Kim, Si-Moon & Joo, Yong-Jin, 2005. "Implementation of on-line performance monitoring system at Seoincheon and Sinincheon combined cycle power plant," Energy, Elsevier, vol. 30(13), pages 2383-2401.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abusoglu, Aysegul & Kanoglu, Mehmet, 2009. "Exergoeconomic analysis and optimization of combined heat and power production: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2295-2308, December.
    2. Guelpa, Elisa & Verda, Vittorio, 2020. "Exergoeconomic analysis for the design improvement of supercritical CO2 cycle in concentrated solar plant," Energy, Elsevier, vol. 206(C).
    3. Cardona, E. & Piacentino, A., 2006. "A new approach to exergoeconomic analysis and design of variable demand energy systems," Energy, Elsevier, vol. 31(4), pages 490-515.
    4. Cardona, E. & Piacentino, A., 2009. "Optimal design of CHCP plants in the civil sector by thermoeconomics," Applied Energy, Elsevier, vol. 84(7-8), pages 729-748, July.
    5. Oh, Si-Doek & Lee, Yeji & Yoo, Yungpil & Kim, Jinoh & Kim, Suyong & Song, Seung Jin & Kwak, Ho-Young, 2013. "A support strategy for the promotion of photovoltaic uses for residential houses in Korea," Energy Policy, Elsevier, vol. 53(C), pages 248-256.
    6. Sahu, Mithilesh Kumar & Sanjay,, 2017. "Comparative exergoeconomics of power utilities: Air-cooled gas turbine cycle and combined cycle configurations," Energy, Elsevier, vol. 139(C), pages 42-51.
    7. Uran, V., 2006. "Optimization system for combined heat and electricity production in the wood-processing industry," Energy, Elsevier, vol. 31(14), pages 2996-3016.
    8. Coskun, C. & Oktay, Z. & Dincer, I., 2011. "Modified exergoeconomic modeling of geothermal power plants," Energy, Elsevier, vol. 36(11), pages 6358-6366.
    9. Sahu, Mithilesh Kumar & Sanjay,, 2017. "Thermoeconomic investigation of power utilities: Intercooled recuperated gas turbine cycle featuring cooled turbine blades," Energy, Elsevier, vol. 138(C), pages 490-499.
    10. Maes, Dries & Van Passel, Steven, 2012. "Interference of regional support policies on the economic and environmental performance of a hybrid cogeneration-solar panel energy system," Energy Policy, Elsevier, vol. 42(C), pages 670-680.
    11. Alkan, Mehmet Ali & Keçebaş, Ali & Yamankaradeniz, Nurettin, 2013. "Exergoeconomic analysis of a district heating system for geothermal energy using specific exergy cost method," Energy, Elsevier, vol. 60(C), pages 426-434.
    12. Keçebaş, Ali, 2013. "Effect of reference state on the exergoeconomic evaluation of geothermal district heating systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 462-469.
    13. Rosseto de Faria, Pedro & Aiolfi Barone, Marcelo & Guedes dos Santos, Rodrigo & Santos, José Joaquim C.S., 2023. "The environment as a thermoeconomic diagram device for the systematic and automatic waste and environmental cost internalization in thermal systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    14. Garcia-Heller, Veronica & Paredes, Stephan & Ong, Chin Lee & Ruch, Patrick & Michel, Bruno, 2014. "Exergoeconomic analysis of high concentration photovoltaic thermal co-generation system for space cooling," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 8-19.
    15. Beretta, Gian Paolo & Iora, Paolo & Ghoniem, Ahmed F., 2014. "Allocating resources and products in multi-hybrid multi-cogeneration: What fractions of heat and power are renewable in hybrid fossil-solar CHP?," Energy, Elsevier, vol. 78(C), pages 587-603.
    16. Zare, V. & Mahmoudi, S.M.S. & Yari, M. & Amidpour, M., 2012. "Thermoeconomic analysis and optimization of an ammonia–water power/cooling cogeneration cycle," Energy, Elsevier, vol. 47(1), pages 271-283.
    17. Bargos, Fabiano Fernandes & Lamas, Wendell de Queiróz & Bilato, Gabriel Adam, 2018. "Computational tools and operational research for optimal design of co-generation systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 507-516.
    18. Seyyedi, Seyyed Masoud & Ajam, Hossein & Farahat, Said, 2010. "A new criterion for the allocation of residues cost in exergoeconomic analysis of energy systems," Energy, Elsevier, vol. 35(8), pages 3474-3482.
    19. Deng, Jian & Wang, Ruzhu & Wu, Jingyi & Han, Guyong & Wu, Dawei & Li, Sheng, 2008. "Exergy cost analysis of a micro-trigeneration system based on the structural theory of thermoeconomics," Energy, Elsevier, vol. 33(9), pages 1417-1426.
    20. Ye, Xuemin & Li, Chunxi, 2013. "A novel evaluation of heat-electricity cost allocation in cogenerations based on entropy change method," Energy Policy, Elsevier, vol. 60(C), pages 290-295.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:28:y:2003:i:4:p:343-360. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.