Abstract
After proposing and developing a new hyper polygeneration energy system, it is essential to analyze its performance according to the First and Second Law of Thermodynamics. In addition, these indicators can identify the primary sources, energy consumption, and irreversibilities. The obtained information can be used for optimization targets. The conventional economic analysis methods can estimate a proposed hyper polygeneration energy system's capital, maintenance, and operating costs. Exergoeconomic analysis, which combines exergy analysis and cost assessment, allows for a more thorough system assessment. Traditional exergoeconomic assessment cannot study the system entirely, much as conventional exergy analysis, which has some restrictions. For instance, this approach does not allow for determining component relationships. Consequently, based on the exergoeconomic parameters, advanced exergoeconomic analysis is utilized to evaluate the correlation between the system elements. This chapter presents and discusses the conventional and advanced energy, exergy, and environmental analyses with a look at different economic analysis methods applied for hyper polygeneration systems.
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