IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v113y2017icp1250-1260.html

Techno-economic comparison of solar organic Rankine cycle (ORC) and photovoltaic (PV) systems with energy storage

Author

Listed:
  • Patil, Vikas R.
  • Biradar, Vijay Irappa
  • Shreyas, R.
  • Garg, Pardeep
  • Orosz, Matthew S.
  • Thirumalai, N.C.

Abstract

In this work, we compare the technical and economic performance of a solar organic Rankine cycle (s-ORC) system with thermal energy storage (TES) and a solar photovoltaic (PV) system with battery storage at a capacity of 50 kWe. A two-dimensional variable space, comprising solar field area and storage capacity is swept for optimum operational zones of five performance indicators, namely annual energy generation, capacity utilization factor (CUF), capital cost, levelized cost of electricity (LCOE) and energy wasted. Minimum LCOE estimated for the s-ORC system was 0.19 USD/kWh with a CUF of 0.56. For the same CUF value, the PV system incurs a LCOE of at least 0.26 USD/kWh. The minimum LCOE of the PV system yields an attractive value of 0.12 USD/kWh, but it includes no battery storage and thus delivers a significantly lower CUF of 0.27. The results indicate that for achieving minimum LCOE, the operational zones of the two technologies differ in terms of storage requirement. The s-ORC technology potentially offers improved reliability of power supply through cost-effective TES. Visualization of annual energy and costs in the form of contour maps facilitates a holistic comparison of the two technologies with their storage options.

Suggested Citation

  • Patil, Vikas R. & Biradar, Vijay Irappa & Shreyas, R. & Garg, Pardeep & Orosz, Matthew S. & Thirumalai, N.C., 2017. "Techno-economic comparison of solar organic Rankine cycle (ORC) and photovoltaic (PV) systems with energy storage," Renewable Energy, Elsevier, vol. 113(C), pages 1250-1260.
    • Handle: RePEc:eee:renene:v:113:y:2017:i:c:p:1250-1260
    DOI: 10.1016/j.renene.2017.06.107
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148117306110
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2017.06.107?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

    for a different version of it.

    References listed on IDEAS

    as
    1. Peters, Michael & Schmidt, Tobias S. & Wiederkehr, David & Schneider, Malte, 2011. "Shedding light on solar technologies'A techno-economic assessment and its policy implications," Energy Policy, Elsevier, vol. 39(10), pages 6422-6439, October.
    2. Bhandari, Khagendra P. & Collier, Jennifer M. & Ellingson, Randy J. & Apul, Defne S., 2015. "Energy payback time (EPBT) and energy return on energy invested (EROI) of solar photovoltaic systems: A systematic review and meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 133-141.
    3. Branker, K. & Pathak, M.J.M. & Pearce, J.M., 2011. "A review of solar photovoltaic levelized cost of electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4470-4482.
    4. Hoppmann, Joern & Volland, Jonas & Schmidt, Tobias S. & Hoffmann, Volker H., 2014. "The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1101-1118.
    5. Lecompte, S. & Huisseune, H. & van den Broek, M. & De Schampheleire, S. & De Paepe, M., 2013. "Part load based thermo-economic optimization of the Organic Rankine Cycle (ORC) applied to a combined heat and power (CHP) system," Applied Energy, Elsevier, vol. 111(C), pages 871-881.
    6. Jacob Funk Kirkegaard & Thilo Hanemann & Lutz Weischer & Matt Miller, 2010. "Toward a Sunny Future? Global Integration in the Solar PV Industry," Working Paper Series WP10-6, Peterson Institute for International Economics.
    7. Vélez, Fredy & Segovia, José J. & Martín, M. Carmen & Antolín, Gregorio & Chejne, Farid & Quijano, Ana, 2012. "A technical, economical and market review of organic Rankine cycles for the conversion of low-grade heat for power generation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4175-4189.
    8. Mulder, Grietus & Six, Daan & Claessens, Bert & Broes, Thijs & Omar, Noshin & Mierlo, Joeri Van, 2013. "The dimensioning of PV-battery systems depending on the incentive and selling price conditions," Applied Energy, Elsevier, vol. 111(C), pages 1126-1135.
    9. Hajabdollahi, Zahra & Hajabdollahi, Farzaneh & Tehrani, Mahdi & Hajabdollahi, Hassan, 2013. "Thermo-economic environmental optimization of Organic Rankine Cycle for diesel waste heat recovery," Energy, Elsevier, vol. 63(C), pages 142-151.
    10. Tempesti, Duccio & Fiaschi, Daniele, 2013. "Thermo-economic assessment of a micro CHP system fuelled by geothermal and solar energy," Energy, Elsevier, vol. 58(C), pages 45-51.
    11. F. Tchanche, Bertrand & Pétrissans, M. & Papadakis, G., 2014. "Heat resources and organic Rankine cycle machines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1185-1199.
    12. Quoilin, Sylvain & Broek, Martijn Van Den & Declaye, Sébastien & Dewallef, Pierre & Lemort, Vincent, 2013. "Techno-economic survey of Organic Rankine Cycle (ORC) systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 168-186.
    13. Salas, V. & Olías, E., 2011. "Overview of the state of technique for PV inverters used in low voltage grid-connected PV systems: Inverters above 10Â kW," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(2), pages 1250-1257, February.
    14. Graditi, G. & Ippolito, M.G. & Telaretti, E. & Zizzo, G., 2016. "Technical and economical assessment of distributed electrochemical storages for load shifting applications: An Italian case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 515-523.
    15. E. Georges & S. Declaye & O. Dumont & S. Quoilin & V. Lemort, 2013. "Design of a small-scale organic Rankine cycle engine used in a solar power plant," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 8(suppl_1), pages 34-41, April.
    16. Tian, Y. & Zhao, C.Y., 2013. "A review of solar collectors and thermal energy storage in solar thermal applications," Applied Energy, Elsevier, vol. 104(C), pages 538-553.
    17. Kaundinya, Deepak Paramashivan & Balachandra, P. & Ravindranath, N.H., 2009. "Grid-connected versus stand-alone energy systems for decentralized power--A review of literature," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(8), pages 2041-2050, October.
    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. Braimakis, Konstantinos & Karellas, Sotirios, 2017. "Integrated thermoeconomic optimization of standard and regenerative ORC for different heat source types and capacities," Energy, Elsevier, vol. 121(C), pages 570-598.
    2. Steven Lecompte & Sanne Lemmens & Henk Huisseune & Martijn Van den Broek & Michel De Paepe, 2015. "Multi-Objective Thermo-Economic Optimization Strategy for ORCs Applied to Subcritical and Transcritical Cycles for Waste Heat Recovery," Energies, MDPI, vol. 8(4), pages 1-28, April.
    3. Karimi, Shahram & Mansouri, Sima, 2018. "A comparative profitability study of geothermal electricity production in developed and developing countries: Exergoeconomic analysis and optimization of different ORC configurations," Renewable Energy, Elsevier, vol. 115(C), pages 600-619.
    4. Bamorovat Abadi, Gholamreza & Kim, Kyung Chun, 2017. "Investigation of organic Rankine cycles with zeotropic mixtures as a working fluid: Advantages and issues," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1000-1013.
    5. Luo, Xianglong & Yi, Zhitong & Zhang, Bingjian & Mo, Songping & Wang, Chao & Song, Mengjie & Chen, Ying, 2017. "Mathematical modelling and optimization of the liquid separation condenser used in organic Rankine cycle," Applied Energy, Elsevier, vol. 185(P2), pages 1309-1323.
    6. Buonomano, Annamaria & Calise, Francesco & Palombo, Adolfo & Vicidomini, Maria, 2015. "Energy and economic analysis of geothermal–solar trigeneration systems: A case study for a hotel building in Ischia," Applied Energy, Elsevier, vol. 138(C), pages 224-241.
    7. Rômulo de Oliveira Azevêdo & Paulo Rotela Junior & Luiz Célio Souza Rocha & Gianfranco Chicco & Giancarlo Aquila & Rogério Santana Peruchi, 2020. "Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments," Sustainability, MDPI, vol. 12(17), pages 1-40, September.
    8. Imran, Muhammad & Haglind, Fredrik & Asim, Muhammad & Zeb Alvi, Jahan, 2018. "Recent research trends in organic Rankine cycle technology: A bibliometric approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 552-562.
    9. Rawat, Rahul & Kaushik, S.C. & Lamba, Ravita, 2016. "A review on modeling, design methodology and size optimization of photovoltaic based water pumping, standalone and grid connected system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1506-1519.
    10. Sanne Lemmens, 2016. "Cost Engineering Techniques and Their Applicability for Cost Estimation of Organic Rankine Cycle Systems," Energies, MDPI, vol. 9(7), pages 1-18, June.
    11. Lecompte, S. & Huisseune, H. & van den Broek, M. & De Paepe, M., 2015. "Methodical thermodynamic analysis and regression models of organic Rankine cycle architectures for waste heat recovery," Energy, Elsevier, vol. 87(C), pages 60-76.
    12. Sung, Taehong & Yun, Eunkoo & Kim, Hyun Dong & Yoon, Sang Youl & Choi, Bum Seog & Kim, Kuisoon & Kim, Jangmok & Jung, Yang Beom & Kim, Kyung Chun, 2016. "Performance characteristics of a 200-kW organic Rankine cycle system in a steel processing plant," Applied Energy, Elsevier, vol. 183(C), pages 623-635.
    13. Francesco Calise & Davide Capuano & Laura Vanoli, 2015. "Dynamic Simulation and Exergo-Economic Optimization of a Hybrid Solar–Geothermal Cogeneration Plant," Energies, MDPI, vol. 8(4), pages 1-41, April.
    14. Carlos J. Sarasa-Maestro & Rodolfo Dufo-López & José L. Bernal-Agustín, 2016. "Analysis of Photovoltaic Self-Consumption Systems," Energies, MDPI, vol. 9(9), pages 1-18, August.
    15. Lecompte, Steven & Huisseune, Henk & van den Broek, Martijn & Vanslambrouck, Bruno & De Paepe, Michel, 2015. "Review of organic Rankine cycle (ORC) architectures for waste heat recovery," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 448-461.
    16. Tervo, Eric & Agbim, Kenechi & DeAngelis, Freddy & Hernandez, Jeffrey & Kim, Hye Kyung & Odukomaiya, Adewale, 2018. "An economic analysis of residential photovoltaic systems with lithium ion battery storage in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 1057-1066.
    17. Li, Jian & Peng, Xiayao & Yang, Zhen & Hu, Shuozhuo & Duan, Yuanyuan, 2022. "Design, improvements and applications of dual-pressure evaporation organic Rankine cycles: A review," Applied Energy, Elsevier, vol. 311(C).
    18. Chatzopoulou, Maria Anna & Markides, Christos N., 2018. "Thermodynamic optimisation of a high-electrical efficiency integrated internal combustion engine – Organic Rankine cycle combined heat and power system," Applied Energy, Elsevier, vol. 226(C), pages 1229-1251.
    19. Mondejar, M.E. & Andreasen, J.G. & Pierobon, L. & Larsen, U. & Thern, M. & Haglind, F., 2018. "A review of the use of organic Rankine cycle power systems for maritime applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 126-151.
    20. Braimakis, Konstantinos & Preißinger, Markus & Brüggemann, Dieter & Karellas, Sotirios & Panopoulos, Kyriakos, 2015. "Low grade waste heat recovery with subcritical and supercritical Organic Rankine Cycle based on natural refrigerants and their binary mixtures," Energy, Elsevier, vol. 88(C), pages 80-92.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:renene:v:113:y:2017:i:c:p:1250-1260. 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/renewable-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.