Economic viability and investment returns of innovative geothermal tri-generation systems: A comparative study

被引:9
|
作者
Qian, Xiaoyan [1 ]
Dai, Jie [2 ,3 ,4 ]
Jiang, Weimin [5 ]
Cai, Helen [4 ]
Ye, Xixi [6 ]
Vafadaran, Mohammad Shahab [7 ]
机构
[1] Nanjing Vocat Univ Ind Technol, Sch Econ & Management, Nanjing 210046, Peoples R China
[2] Jiaxing Univ, Sch Business, Jiaxing 314001, Peoples R China
[3] Univ Malaya, Sch Adv Studies, Kuala Lumpur, Malaysia
[4] Middlesex Univ, Business Sch, London, England
[5] Nanjing Forestry Univ, Sch Econ & Management, Nanjing 210037, Peoples R China
[6] Wenzhou Polytech, Sch Digital Econ & Trade, Wenzhou 325035, Peoples R China
[7] Univ Memphis, Dept Mech Engn, Memphis, TN 38152 USA
关键词
Geothermal; Techno-economic analysis; Humidification and dehumidification; Multi -criteria optimization; Machine learning; MULTIOBJECTIVE OPTIMIZATION; TRIGENERATION SYSTEM; POWER-PLANT; ENERGY; DRIVEN; CYCLE; HYDROGEN; PROPOSAL; EXERGY; KALINA;
D O I
10.1016/j.renene.2024.120396
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
In a world grappling with escalating energy needs, environmental concerns, and economic constraints, the transition to renewable energy becomes critical. This study delves into geothermal energy, a promising renewable source, to develop four distinctive tri-generation systems (producing power, heat, and freshwater) optimized for economic efficiency and investment returns. The primary focus is on assessing these systems through an innovative lens of economic viability, including net present value (NPV) and payback periods, alongside their thermodynamic performance. Notably, System B emerges as the most economically advantageous, boasting the shortest payback period of 3.65 years and the highest NPV of $2.38 million, while System C trails with the lowest NPV of $0.32 million. Additionally, System D, identified as optimally complementary, undergoes comprehensive optimization using advanced algorithms and machine learning, achieving notable efficiencies and cost-effectiveness in power output, exergy, and freshwater production. This study not only underscores the potential of geothermal tri-generation systems in meeting energy, heat, and water needs but also highlights their significant economic benefits and investment attractiveness, offering a compelling case for their adoption in sustainable energy strategies.
引用
收藏
页数:19
相关论文
共 50 条
  • [31] Novel design for tri-generation cycle with Parabolic Trough Collector: An exergy-economic analysis
    Fanaee, Sayyed Aboozar
    Kheiri, Reza
    Edalati-nejad, Ali
    Ghodrat, Maryam
    THERMAL SCIENCE AND ENGINEERING PROGRESS, 2021, 24
  • [32] Thermodynamic and exergoeconomic analysis of two novel tri-generation cycles for power, hydrogen and freshwater production from geothermal energy
    Abdolalipouradl, Mehran
    Mohammadkhani, Farzad
    Khalilarya, Shahram
    Yari, Mortaza
    ENERGY CONVERSION AND MANAGEMENT, 2020, 226
  • [33] Evaluation and Optimization of the Annual Performance of a Novel Tri-Generation System Driven by Geothermal Brine in Off-Design Conditions
    Kordlar, Mehri Akbari
    Heberle, Florian
    Brueggemann, Dieter
    APPLIED SCIENCES-BASEL, 2020, 10 (18):
  • [34] Performance analysis and exergo-economic optimization of a solar-driven adjustable tri-generation system
    Chen, Yuzhu
    Zhao, Dandan
    Xu, Jinzhao
    Wang, Jun
    Lund, Peter D.
    ENERGY CONVERSION AND MANAGEMENT, 2021, 233
  • [35] Performance analysis and exergo-economic optimization of a solar-driven adjustable tri-generation system
    Chen, Yuzhu
    Zhao, Dandan
    Xu, Jinzhao
    Wang, Jun
    Lund, Peter D.
    Wang, Jun (101010980@seu.edu.cn), 1600, Elsevier Ltd (233):
  • [36] Tri-generation systems: Energy policies, prime movers, cooling technologies, configurations and operation strategies
    Jradi, M.
    Riffat, S.
    RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2014, 32 : 396 - 415
  • [37] Study of CO2 recovery in a carbonate fuel cell tri-generation plant
    Rinaldi, Giorgio
    McLarty, Dustin
    Brouwer, Jack
    Lanzini, Andrea
    Santarelli, Massimo
    JOURNAL OF POWER SOURCES, 2015, 284 : 16 - 26
  • [38] Biogas Tri-generation for Postharvest Processing of Agricultural Products in a Rural Community: Techno-economic Perspectives
    Lamidi, Rasaq. O.
    Wang, Yaodong
    Pathare, Pankaj. B.
    Roskilly, A. P.
    Aguilar, Marcelo Calispa
    PROCEEDINGS OF THE 9TH INTERNATIONAL CONFERENCE ON APPLIED ENERGY, 2017, 142 : 63 - 69
  • [39] Recovery Storage Tank Size: An Optimization Approach for Tri-generation Systems on Diesel Power Generators
    Al Moussawi, Houssein
    Mahdi, Mohammad
    Fardoun, Farouk
    Louahlia-Gualous, Hasna
    INTERNATIONAL CONFERENCE ON TECHNOLOGIES AND MATERIALS FOR RENEWABLE ENERGY, ENVIRONMENT AND SUSTAINABILITY -TMREES15, 2015, 74 : 788 - 798
  • [40] Prediction and analysis of the seasonal performance of tri-generation and CO2 refrigeration systems in supermarkets
    Ge, Y. T.
    Tassou, S. A.
    Suamir, I. N.
    APPLIED ENERGY, 2013, 112 : 898 - 906