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Comparative exergoeconomic assessment of coal-fired power plants – Binary Rankine cycle versus conventional steam cycle

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  • Hofmann, Mathias
  • Tsatsaronis, George

Abstract

This article describes an analysis of both a binary and a conventional Rankine cycle for a coal-fired power plant. The major question is whether it is possible to compensate the expected higher capital investment associated with additional components by a lower fuel consumption during the operation.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:energy:v:142:y:2018:i:c:p:168-179
    DOI: 10.1016/j.energy.2017.09.117
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Andreas Schröder & Friedrich Kunz & Jan Meiss & Roman Mendelevitch & Christian von Hirschhausen, 2013. "Current and Prospective Costs of Electricity Generation until 2050," Data Documentation 68, DIW Berlin, German Institute for Economic Research.
    4. 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.
    5. Tsatsaronis, George, 2007. "Definitions and nomenclature in exergy analysis and exergoeconomics," Energy, Elsevier, vol. 32(4), pages 249-253.
    6. 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.
    7. Xiong, Jie & Zhao, Haibo & Zhang, Chao & Zheng, Chuguang & Luh, Peter B., 2012. "Thermoeconomic operation optimization of a coal-fired power plant," Energy, Elsevier, vol. 42(1), pages 486-496.
    8. Franco, Alessandro & Diaz, Ana R., 2009. "The future challenges for “clean coal technologies”: Joining efficiency increase and pollutant emission control," Energy, Elsevier, vol. 34(3), pages 348-354.
    9. 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.
    10. 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.
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    Citations

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    Cited by:

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    2. 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.
    3. 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.
    4. Ma, Yuegeng & Morozyuk, Tatiana & Liu, Ming & Yan, Junjie & Liu, Jiping, 2019. "Optimal integration of recompression supercritical CO2 Brayton cycle with main compression intercooling in solar power tower system based on exergoeconomic approach," Applied Energy, Elsevier, vol. 242(C), pages 1134-1154.

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