IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v267y2023ics0360544222034697.html
   My bibliography  Save this article

Developing criteria for advanced exergoeconomic performance analysis of thermal energy systems: Application to a marine steam power plant

Author

Listed:
  • Koroglu, Turgay
  • Sogut, Oguz Salim

Abstract

Advanced exergoeconomic analysis is a powerful tool to evaluate the economic improvement potential of a system, but it lacks providing information on the required investments to be made to improve the system and its components while considering cost-benefit assessments. In this paper novel criteria are introduced as an extension to fulfill the shortcomings of mentioned analysis and provide further insight about investment feasibility of components as well as the whole system including but not limited to the amount of avoided exergy destruction per unit renovating cost, the renovating cost to improve the efficiency, the amount of profit after renovation. The criteria are applied to a marine steam power plant to evaluate the system and its components. The results show that boiler has the highest avoidable exergy destruction cost of 77.4 $/h while the third stage of low-pressure turbine (LPT3) has the highest recovered exergy destruction per dollar invested. On the other hand, by investing in boiler, the saving potential is 36.8 $/h and on LPT3 it is 6.5$/h. It has been observed that the overall system has avoidable exergy destruction cost of 101$/h, while a 52.7 $/h part of it could be saved with the improvement investments made.

Suggested Citation

  • Koroglu, Turgay & Sogut, Oguz Salim, 2023. "Developing criteria for advanced exergoeconomic performance analysis of thermal energy systems: Application to a marine steam power plant," Energy, Elsevier, vol. 267(C).
    • Handle: RePEc:eee:energy:v:267:y:2023:i:c:s0360544222034697
    DOI: 10.1016/j.energy.2022.126582
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544222034697
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2022.126582?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. Mohammadi, Z. & Fallah, M. & Mahmoudi, S.M. Seyed, 2019. "Advanced exergy analysis of recompression supercritical CO2 cycle," Energy, Elsevier, vol. 178(C), pages 631-643.
    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. Liao, Gaoliang & E, Jiaqiang & Zhang, Feng & Chen, Jingwei & Leng, Erwei, 2020. "Advanced exergy analysis for Organic Rankine Cycle-based layout to recover waste heat of flue gas," Applied Energy, Elsevier, vol. 266(C).
    4. Koroglu, Turgay & Sogut, Oguz Salim, 2018. "Conventional and advanced exergy analyses of a marine steam power plant," Energy, Elsevier, vol. 163(C), pages 392-403.
    5. 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.
    6. Yuan, Benfeng & Zhang, Yu & Du, Wenli & Wang, Meihong & Qian, Feng, 2019. "Assessment of energy saving potential of an industrial ethylene cracking furnace using advanced exergy analysis," Applied Energy, Elsevier, vol. 254(C).
    7. Cao, Yan & Rostamian, Fateme & Ebadollahi, Mohammad & Bezaatpour, Mojtaba & Ghaebi, Hadi, 2022. "Advanced exergy assessment of a solar absorption power cycle," Renewable Energy, Elsevier, vol. 183(C), pages 561-574.
    8. Ebrahimi, Mehdi & Carriveau, Rupp & Ting, David S.-K. & McGillis, Andrew, 2019. "Conventional and advanced exergy analysis of a grid connected underwater compressed air energy storage facility," Applied Energy, Elsevier, vol. 242(C), pages 1198-1208.
    9. Mortazavi, Arsham & Ameri, Mehran, 2018. "Conventional and advanced exergy analysis of solar flat plate air collectors," Energy, Elsevier, vol. 142(C), pages 277-288.
    10. 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.
    11. Uysal, Cuneyt & Keçebaş, Ali, 2021. "Advanced exergoeconomic analysis with using modified productive structure analysis: An application for a real gas turbine cycle," Energy, Elsevier, vol. 223(C).
    12. Oyekale, Joseph & Petrollese, Mario & Cau, Giorgio, 2020. "Modified auxiliary exergy costing in advanced exergoeconomic analysis applied to a hybrid solar-biomass organic Rankine cycle plant," Applied Energy, Elsevier, vol. 268(C).
    Full references (including those not matched with items on IDEAS)

    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. Huseyin Gunhan Ozcan & Arif Hepbasli & Aysegul Abusoglu & Amjad Anvari-Moghaddam, 2021. "Advanced Exergy Analysis of Waste-Based District Heating Options through Case Studies," Energies, MDPI, vol. 14(16), pages 1-21, August.
    2. Liu, Chenglin & Zhao, Lei & Zhu, Shun & Shen, Yuefeng & Yu, Jianhua & Yang, Qingchun, 2023. "Advanced exergy analysis and optimization of a coal to ethylene glycol (CtEG) process," Energy, Elsevier, vol. 282(C).
    3. Zhang, Yuan & Liang, Tianyang & Yang, Ke, 2022. "An integrated energy storage system consisting of Compressed Carbon dioxide energy storage and Organic Rankine Cycle: Exergoeconomic evaluation and multi-objective optimization," Energy, Elsevier, vol. 247(C).
    4. Zhang, Hongsheng & Liu, Xingang & Liu, Yifeng & Duan, Chenghong & Dou, Zhan & Qin, Jiyun, 2021. "Energy and exergy analyses of a novel cogeneration system coupled with absorption heat pump and organic Rankine cycle based on a direct air cooling coal-fired power plant," Energy, Elsevier, vol. 229(C).
    5. Guillermo Valencia Ochoa & Jhan Piero Rojas & Jorge Duarte Forero, 2020. "Advance Exergo-Economic Analysis of a Waste Heat Recovery System Using ORC for a Bottoming Natural Gas Engine," Energies, MDPI, vol. 13(1), pages 1-18, January.
    6. Fallah, M. & Mohammadi, Z. & Mahmoudi, S.M. Seyed, 2022. "Advanced exergy analysis of the combined S–CO2/ORC system," Energy, Elsevier, vol. 241(C).
    7. Chen, Lintao & Xiao, Kai & Hu, Fan & Li, Yajun, 2022. "Performance evaluation and optimization design of integrated energy system based on thermodynamic, exergoeconomic, and exergoenvironmental analyses," Applied Energy, Elsevier, vol. 326(C).
    8. Onur Vahip Güler & Emine Yağız Gürbüz & Aleksandar G. Georgiev & Ali Keçebaş, 2023. "Advanced Exergoeconomic Assessment of CO 2 Emissions, Geo-Fluid and Electricity in Dual Loop Geothermal Power Plant," Energies, MDPI, vol. 16(8), pages 1-24, April.
    9. Oyekale, Joseph & Petrollese, Mario & Cau, Giorgio, 2020. "Modified auxiliary exergy costing in advanced exergoeconomic analysis applied to a hybrid solar-biomass organic Rankine cycle plant," Applied Energy, Elsevier, vol. 268(C).
    10. Arriola-Medellín, Alejandro & Manzanares-Papayanopoulos, Emilio & Romo-Millares, César, 2014. "Diagnosis and redesign of power plants using combined Pinch and Exergy Analysis," Energy, Elsevier, vol. 72(C), pages 643-651.
    11. 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.
    12. Li, Yi & Yu, Hao & Tang, Dong & Li, Yi & Zhang, Guijin & Liu, Yaning, 2022. "A comparison of compressed carbon dioxide energy storage and compressed air energy storage in aquifers using numerical methods," Renewable Energy, Elsevier, vol. 187(C), pages 1130-1153.
    13. Chen, Weixiong & Qian, Yiran & Tang, Xin & Fang, Huawei & Yi, Jingwei & Liang, Tiebo & Zhao, Quanbin & Yan, Junjie, 2023. "System-component combined design and comprehensive evaluation of closed-air Brayton cycle," Energy, Elsevier, vol. 278(C).
    14. Fallah, M. & Siyahi, H. & Ghiasi, R. Akbarpour & Mahmoudi, S.M.S. & Yari, M. & Rosen, M.A., 2016. "Comparison of different gas turbine cycles and advanced exergy analysis of the most effective," Energy, Elsevier, vol. 116(P1), pages 701-715.
    15. Montero, Gisela & Pulido, Ricardo & Pineda, Carlos & Rivero, Ricardo, 2006. "Ecotaxes and their impact in the cost of steam and electric energy generated by a steam turbine system," Energy, Elsevier, vol. 31(15), pages 3391-3400.
    16. Mehrpooya, Mehdi & Ansarinasab, Hojat & Mousavi, Seyed Ali, 2021. "Life cycle assessment and exergoeconomic analysis of the multi-generation system based on fuel cell for methanol, power, and heat production," Renewable Energy, Elsevier, vol. 172(C), pages 1314-1332.
    17. 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.
    18. He, Qing & Li, Guoqing & Lu, Chang & Du, Dongmei & Liu, Wenyi, 2019. "A compressed air energy storage system with variable pressure ratio and its operation control," Energy, Elsevier, vol. 169(C), pages 881-894.
    19. Chen, Jianjun & Lam, Hon Loong & Qian, Yu & Yang, Siyu, 2021. "Combined energy consumption and CO2 capture management: Improved acid gas removal process integrated with CO2 liquefaction," Energy, Elsevier, vol. 215(PA).
    20. 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.

    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:267:y:2023:i:c:s0360544222034697. 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.