Exergoeconomic optimization of a proposed novel combined solar powered electricity and high-capacity cooling load production system for economical and potent generation via utilization of low-grade waste heat source

Abstract

A novel system for combined electricity and cooling generation was introduced integrating Flat Plate Solar Collectors (FPSC) Absorptional Heat Transformer (AHT) Organic Rankine Cycle (ORC) and Absorption Cooling Cycle (ACC) systems to utilize low-grade solar energy. The ability to use low-grade waste heat sources (70 °C–90 °C) via FPSC system for high-capacity integrated cooling and electricity generation in a more economical way a feature not commonly addressed in conventional systems and previous literature studies was a key advancement. The need for additional generators boilers and high-temperature heat sources was eliminated resulting in substantial cost savings and a simplified system design. The FPSC-AHT integration identified as having significant advantages over separate electricity and cooling load production was comprehensively evaluated for its combined exergoeconomic and environmental benefits in multigeneration system design. The modeling was performed using Engineering Equation Solver (EES) and Transient System Simulation Software (TRNSYS) in Izmir Turkey with the aim of achieving the heightened economic efficiency and superior Coefficient of Performance (COP) values without high-temperature waste heat sources. Three configurations were examined with the third demonstrating superior technoeconomic performance due to the increased thermal efficiency of solar hybrid photovoltaic-thermal (PV-T) systems. The higher cost per unit area in the PV-T system was effectively offset by the substantial electricity consumption contributing to energy savings. Economic indicators for the third configuration included an initial investment of US$9.91 million annual operational costs of US$1.29 million a payback period of 4.2 years an annual energy cost gain of US$9.25 million a levelized cost of cooling (LCC) of US$0.014/kWh and an electricity cost (LCE) of US$0.015/kWh. Through exergy analysis toluene was identified as the optimal working fluid revealing a total exergy destruction rate of 13245.46 kW. The performance of the proposed system was tested under different operation conditions and based on these results a sensitivity analysis and a comparison with the real-word studies were performed. In comparison to real-world data the proposed system exhibits superior performance metrics especially in terms of COP and exergy efficiency values. The optimal configuration established using single and multiobjective optimization approaches based on exergoeconomic parameters indicated annual electricity and cooling load production of 40000 MWh and 300 GWh respectively. The system's efficiency in producing 1000 kW of electricity power and 4000 kW of cooling load at a comparable cost to systems generating only one output was highlighted. To determine the technoeconomic performance improvement of the proposed integrated system the optimal configuration of the novel integrated system was compared to a reference plant for similar-scaled integrated power and cooling generation (UCI Trigeneration Plant). Compared to the UCI Trigeneration Plant the proposed system demonstrated significant improvements in technoeconomic performance. Specifically the proposed system achieved a 164.13 % increase in annual electricity production a 97.38 % increase in annual cooling duty a 60.36 % reduction in initial investment a 57 % reduction in annual operational costs and a 47.5 % reduction in payback period. Additionally the levelized costs of electricity and cooling were 40 % and 22.22 % lower respectively. Significantly higher electricity and cooling output highlights the system's ability to meet demanding energy needs. Lower initial investment and operational costs coupled with a reduced payback period make the system financially attractive. Lower levelized costs for electricity and cooling increase the system's competitiveness and affordability. The innovative integration of technologies provides new insights into the design of multigeneration systems setting a new benchmark for sustainable energy solutions. © 2024 Elsevier B.V. All rights reserved.