Thermodynamic and thermoeconomic analysis and optimization of a renewable-based hybrid system for power, hydrogen, and freshwater production

To address environmental pollution effectively, it is crucial to promote the increased utilization of renewable energy sources. Furthermore, an appealing opportunity arises from enhancing the efficiency of renewable-based power plants while diversifying their product output. This study introduces a hybrid system that revolves around renewable resources, with a primary focus on evaluating power generation, hydrogen production, and freshwater extraction. The designed system seamlessly integrates a flash-binary geothermal power plant with a solar system, incorporating cutting-edge phase-change material storage technology. Hydrogen is generated through a combination of steam-methanol reforming and pressure swing adsorption processes. Freshwater is procured utilizing humidification-dehumidification and multi-effect desalination units. In terms of power generation, the system leverages the capabilities of the geothermal power plant alongside a modified Kalina cycle. The performance of this integrated system is rigorously evaluated through a combination of thermodynamic and thermoeconomic approaches. An exergy-economic optimization scenario is employed to determine the most efficient operational mode. The results of this comprehensive analysis reveal that the system can produce 0.0224 kg/s of hydrogen, 8.017 kg/s of freshwater, and generate 215.9 W of net power. Impressively, it achieves an exergy efficiency of 58.3% at a unit cost of $32.23/GJ in the base mode. Furthermore, the optimal operating state boosts efficiency to 60.59%, with a unit cost of $32.22/GJ. Notably, adjustments in the selling price of hydrogen have a significant impact on the system's financial metrics. As the price of hydrogen rises from $5 to $6/kg, the payback period reduces from 4 to 3 years, and the net present value surges from $5.81 million to $10.16 million.