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Exergetic and thermoeconomic analyses of power plants

Author

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  • 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
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    References listed on IDEAS

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    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.
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    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.
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    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.
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    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.

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