This paper reviews the limits of the traditional ‘levelised cost’ approach to properly take into account risks and uncertainties when valuing different power generation technologies. We introduce a probabilistic valuation model of investment in three base-load technologies (combined cycle gas turbine, coal plant, and nuclear power plant), and demonstrate using three case studies how such a prob...

CO2 capture and storage (CCS) is receiving considerable attention as a potential greenhouse gas (GHG) mitigation option for fossil fuel power plants. Cost and performance estimates for CCS are critical factors in energy and policy analysis. CCS cost studies necessarily employ a host of technical and economic assumptions that can dramatically affect results. Thus, particular studies often are of...

The current research is aimed at carrying out an exergy analysis of a 33-MW gas turbine power plant that operates on the Brayton cycle. Quantitative exergy analysis for each component and for the whole system was done. Based on the exergy balance models developed, a computer program is written which is used to investigate the performance of the power plant under varying ambient and turbine inle...

A cold room assisted vapor-compression refrigeration cycle is dynamically modeled in a year and optimized. Total annual cost (TACO) and coefficient of performance (COP) are selected as two objective functions. Both cold room and refrigeration cycle parameters are considered as design variables. Moreover, three working fluids included R22, R134a and R407c are examined. The optimum Pareto front r...

In this study a pseudo comprehensive carbon footprint model for fossil fuel power plants is presented. Parameters which their effects are considered in this study include: plant type, fuel type, fuel transmission type, internal consumption of the plant, degradation, site ambient condition, transmission and distribution losses. Investigating internal consumption, degradation and site ambient con...

OVERVIEW: Growing concern about environmental problems caused by thermal power plants is making the reduction of CO2 through more efficient power generation and the reduction of NOx and other emissions a top priority. The deregulation of the electric power industry, meanwhile, is helping to expand the demand for medium-capacity, high-efficiency thermal power plants geared toward IPP (independen...

A thermodynamic model of an open combined regenerative Brayton and inverse Brayton cycles with regeneration before the inverse cycle is established in this paper by using thermodynamic optimization theory. The flow processes of the working fluid with the pressure drops and the size constraint of the real power plant are modeled. There are 13 flow resistances encountered by the working fluid str...

In this paper, we have continued doing a research project which had done previously. Three types of power plants include an Organic Rankine Cycle (ORC), a Dual-Fluid-Hybrid (DFH) and a single-fluid hybrid-fueled (HYB); were re-modeled. After model validation, thermodynamic studies and exergy analysis were extended for the defined cases using the first and second laws of thermodynamics. Then the...