IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v5y2012i9p3381-3397d19898.html
   My bibliography  Save this article

Exergoeconomic Evaluation of a Modern Ultra-Supercritical Power Plant

Author

Listed:
  • Ligang Wang

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

  • Yongping Yang

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

  • Changqing Dong

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

  • Zhiping Yang

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

  • Gang Xu

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

  • Lingnan Wu

    (School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China)

Abstract

In this paper, the exergoeconomic analysis was conducted to an existing ultra-supercritical coal-fired power plant in China to understand the cost-formation process, to evaluate the economic performance of each component and to find possible solutions for more cost-effective designs. The total revenue requirement (TRR) and the specific exergy costing (SPECO) methods were applied for economic analysis and exergy costing, respectively. Quantitative balances of exergy and exergetic costs as well as necessary auxiliary equations for both individual component and the overall system were established. The results show that the exergoeconomic factors of the furnace and heat exchangers at low temperature levels, including air preheater and low-pressure feedwater preheaters, are rather small; while those of other components are relatively large. Moving more heat absorption into furnace to use the effective radiation heat transfer, increasing the air preheating temperature and adding more low pressure feedwater preheaters can be promising solutions for future design.

Suggested Citation

  • Ligang Wang & Yongping Yang & Changqing Dong & Zhiping Yang & Gang Xu & Lingnan Wu, 2012. "Exergoeconomic Evaluation of a Modern Ultra-Supercritical Power Plant," Energies, MDPI, vol. 5(9), pages 1-17, September.
    • Handle: RePEc:gam:jeners:v:5:y:2012:i:9:p:3381-3397:d:19898
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/5/9/3381/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/5/9/3381/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lazzaretto, Andrea & Tsatsaronis, George, 2006. "SPECO: A systematic and general methodology for calculating efficiencies and costs in thermal systems," Energy, Elsevier, vol. 31(8), pages 1257-1289.
    2. Tsatsaronis, Georgios & Winhold, Michael, 1985. "Exergoeconomic analysis and evaluation of energy-conversion plants—I. A new general methodology," Energy, Elsevier, vol. 10(1), pages 69-80.
    3. Shahin Shamsi & Mohammad R. Omidkhah, 2012. "Optimization of Steam Pressure Levels in a Total Site Using a Thermoeconomic Method," Energies, MDPI, vol. 5(3), pages 1-16, March.
    4. Frangopoulos, Christos A., 1988. "Functional decomposition for optimal design of complex thermal systems," Energy, Elsevier, vol. 13(3), pages 239-244.
    5. Frangopoulos, Christos A., 1987. "Thermo-economic functional analysis and optimization," Energy, Elsevier, vol. 12(7), pages 563-571.
    6. Tsatsaronis, George & Kapanke, Kerstin & María Blanco Marigorta, Ana, 2008. "Exergoeconomic estimates for a novel zero-emission process generating hydrogen and electric power," Energy, Elsevier, vol. 33(2), pages 321-330.
    7. Yang, Yongping & Guo, Xiyan & Wang, Ningling, 2010. "Power generation from pulverized coal in China," Energy, Elsevier, vol. 35(11), pages 4336-4348.
    8. Tsatsaronis, Georgios & Winhold, Michael, 1985. "Exergoeconomic analysis and evaluation of energy-conversion plants—II. Analysis of a coal-fired steam power plant," Energy, Elsevier, vol. 10(1), pages 81-94.
    9. Ahmadi, Pouria & Dincer, Ibrahim, 2010. "Exergoenvironmental analysis and optimization of a cogeneration plant system using Multimodal Genetic Algorithm (MGA)," Energy, Elsevier, vol. 35(12), pages 5161-5172.
    10. Ahmadi, Pouria & Dincer, Ibrahim & Rosen, Marc A., 2011. "Exergy, exergoeconomic and environmental analyses and evolutionary algorithm based multi-objective optimization of combined cycle power plants," Energy, Elsevier, vol. 36(10), pages 5886-5898.
    11. Tsatsaronis, George, 2007. "Definitions and nomenclature in exergy analysis and exergoeconomics," Energy, Elsevier, vol. 32(4), pages 249-253.
    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. Hofmann, Mathias & Tsatsaronis, George, 2018. "Comparative exergoeconomic assessment of coal-fired power plants – Binary Rankine cycle versus conventional steam cycle," Energy, Elsevier, vol. 142(C), pages 168-179.
    2. Ali, Ramadan Hefny & Abdel Samee, Ahmed A. & Maghrabie, Hussein M., 2023. "Exergoeconomic assessment of a cogeneration pulp and paper plant under bi-operating modes," Applied Energy, Elsevier, vol. 351(C).
    3. Dong-Jin Cho & Eul-Bum Lee & Jae-Min Cho & Douglas Alleman, 2019. "Reducing the Superheating of Extraction Stream on Advanced-Ultra Super Critical Power Plants with Regenerative Turbines in South Korea: An Economic Analysis," Energies, MDPI, vol. 12(9), pages 1-22, May.
    4. Zhou, Jing & Zhu, Meng & Chen, Lei & Ren, Qiangqiang & Su, Sheng & Hu, Song & Wang, Yi & Xiang, Jun, 2023. "Performance assessment and system optimization on supercritical CO2 double-path recompression coal-fired combined heat and power plants with MEA-based post-combustion CO2 capture," Energy, Elsevier, vol. 267(C).
    5. Fontina Petrakopoulou & Marina Olmeda-Delgado, 2019. "Studying the Reduction of Water Use in Integrated Solar Combined-Cycle Plants," Sustainability, MDPI, vol. 11(7), pages 1-27, April.
    6. He, Qing & Liu, Hui & Hao, Yinping & Liu, Yaning & Liu, Wenyi, 2018. "Thermodynamic analysis of a novel supercritical compressed carbon dioxide energy storage system through advanced exergy analysis," Renewable Energy, Elsevier, vol. 127(C), pages 835-849.
    7. Wang, Ligang & Yang, Yongping & Dong, Changqing & Morosuk, Tatiana & Tsatsaronis, George, 2014. "Multi-objective optimization of coal-fired power plants using differential evolution," Applied Energy, Elsevier, vol. 115(C), pages 254-264.
    8. Rocha, Danilo H.D. & Siqueira, Diana S. & Silva, Rogério J., 2021. "Exergoenvironmental analysis for evaluating coal-fired power plants technologies," Energy, Elsevier, vol. 233(C).
    9. Zhou, Jing & Zhu, Meng & Xu, Kai & Su, Sheng & Tang, Yifang & Hu, Song & Wang, Yi & Xu, Jun & He, Limo & Xiang, Jun, 2020. "Key issues and innovative double-tangential circular boiler configurations for the 1000 MW coal-fired supercritical carbon dioxide power plant," Energy, Elsevier, vol. 199(C).
    10. Chul-Seung Hong & Eul-Bum Lee, 2018. "Power Plant Economic Analysis: Maximizing Lifecycle Profitability by Simulating Preliminary Design Solutions of Steam-Cycle Conditions," Energies, MDPI, vol. 11(9), pages 1-21, August.
    11. Wang, Ligang & Lampe, Matthias & Voll, Philip & Yang, Yongping & Bardow, André, 2016. "Multi-objective superstructure-free synthesis and optimization of thermal power plants," Energy, Elsevier, vol. 116(P1), pages 1104-1116.
    12. Ligang Wang & Zhiping Yang & Shivom Sharma & Alberto Mian & Tzu-En Lin & George Tsatsaronis & François Maréchal & Yongping Yang, 2018. "A Review of Evaluation, Optimization and Synthesis of Energy Systems: Methodology and Application to Thermal Power Plants," Energies, MDPI, vol. 12(1), pages 1-53, December.
    13. Li, Xiaoen & Wang, Ningling & Wang, Ligang & Yang, Yongping & Maréchal, François, 2018. "Identification of optimal operating strategy of direct air-cooling condenser for Rankine cycle based power plants," Applied Energy, Elsevier, vol. 209(C), pages 153-166.
    14. Zhao, Zhigang & Su, Sheng & Si, Ningning & Hu, Song & Wang, Yi & Xu, Jun & Jiang, Long & Chen, Gang & Xiang, Jun, 2017. "Exergy analysis of the turbine system in a 1000 MW double reheat ultra-supercritical power plant," Energy, Elsevier, vol. 119(C), pages 540-548.

    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. Coban, Kahraman & Şöhret, Yasin & Colpan, C. Ozgur & Karakoç, T. Hikmet, 2017. "Exergetic and exergoeconomic assessment of a small-scale turbojet fuelled with biodiesel," Energy, Elsevier, vol. 140(P2), pages 1358-1367.
    2. 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.
    3. Lee, Young Duk & Ahn, Kook Young & Morosuk, Tatiana & Tsatsaronis, George, 2018. "Exergetic and exergoeconomic evaluation of an SOFC-Engine hybrid power generation system," Energy, Elsevier, vol. 145(C), pages 810-822.
    4. Mohammadkhani, F. & Shokati, N. & Mahmoudi, S.M.S. & Yari, M. & Rosen, M.A., 2014. "Exergoeconomic assessment and parametric study of a Gas Turbine-Modular Helium Reactor combined with two Organic Rankine Cycles," Energy, Elsevier, vol. 65(C), pages 533-543.
    5. César Torres & Antonio Valero, 2021. "The Exergy Cost Theory Revisited," Energies, MDPI, vol. 14(6), pages 1-42, March.
    6. Piacentino, Antonio & Cardona, Fabio, 2010. "Scope-Oriented Thermoeconomic analysis of energy systems. Part I: Looking for a non-postulated cost accounting for the dissipative devices of a vapour compression chiller. Is it feasible?," Applied Energy, Elsevier, vol. 87(3), pages 943-956, March.
    7. 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.
    8. Pirmohamadi, Alireza & Ghazi, Mehrangiz & Nikian, Mohammad, 2019. "Optimal design of cogeneration systems in total site using exergy approach," Energy, Elsevier, vol. 166(C), pages 1291-1302.
    9. Manassaldi, Juan I. & Mussati, Sergio F. & Scenna, Nicolás J., 2011. "Optimal synthesis and design of Heat Recovery Steam Generation (HRSG) via mathematical programming," Energy, Elsevier, vol. 36(1), pages 475-485.
    10. Hofmann, Mathias & Tsatsaronis, George, 2018. "Comparative exergoeconomic assessment of coal-fired power plants – Binary Rankine cycle versus conventional steam cycle," Energy, Elsevier, vol. 142(C), pages 168-179.
    11. Yang, Qingchun & Qian, Yu & Kraslawski, Andrzej & Zhou, Huairong & Yang, Siyu, 2016. "Framework for advanced exergoeconomic performance analysis and optimization of an oil shale retorting process," Energy, Elsevier, vol. 109(C), pages 62-76.
    12. Ligang Wang & Zhiping Yang & Shivom Sharma & Alberto Mian & Tzu-En Lin & George Tsatsaronis & François Maréchal & Yongping Yang, 2018. "A Review of Evaluation, Optimization and Synthesis of Energy Systems: Methodology and Application to Thermal Power Plants," Energies, MDPI, vol. 12(1), pages 1-53, December.
    13. Tsatsaronis, George & Morosuk, Tatiana & Koch, Daniela & Sorgenfrei, Max, 2013. "Understanding the thermodynamic inefficiencies in combustion processes," Energy, Elsevier, vol. 62(C), pages 3-11.
    14. Lamas, Wendell de Queiroz, 2013. "Fuzzy thermoeconomic optimisation applied to a small waste water treatment plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 214-219.
    15. Mohammadkhani, Farzad & Ranjbar, Faramarz & Yari, Mortaza, 2015. "A comparative study on the ammonia–water based bottoming power cycles: The exergoeconomic viewpoint," Energy, Elsevier, vol. 87(C), pages 425-434.
    16. Pires, Thiago S. & Cruz, Manuel E. & Colaço, Marcelo J., 2013. "Response surface method applied to the thermoeconomic optimization of a complex cogeneration system modeled in a process simulator," Energy, Elsevier, vol. 52(C), pages 44-54.
    17. Silveira, Jose Luz & Lamas, Wendell de Queiroz & Tuna, Celso Eduardo & Villela, Iraides Aparecida de Castro & Miro, Laura Siso, 2012. "Ecological efficiency and thermoeconomic analysis of a cogeneration system at a hospital," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2894-2906.
    18. Agudelo, Andrés & Valero, Antonio & Torres, César, 2012. "Allocation of waste cost in thermoeconomic analysis," Energy, Elsevier, vol. 45(1), pages 634-643.
    19. Wei, Zhiqiang & Zhang, Bingjian & Wu, Shengyuan & Chen, Qinglin & Tsatsaronis, George, 2012. "Energy-use analysis and evaluation of distillation systems through avoidable exergy destruction and investment costs," Energy, Elsevier, vol. 42(1), pages 424-433.
    20. Lozano, M.A. & Carvalho, M. & Serra, L.M., 2009. "Operational strategy and marginal costs in simple trigeneration systems," Energy, Elsevier, vol. 34(11), pages 2001-2008.

    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:gam:jeners:v:5:y:2012:i:9:p:3381-3397:d:19898. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.