Advanced exergy and exergo-economic analyses of a novel combined power system using the cold energy of liquefied natural gas

Abstract

In this study, a new combined power system using the cold energy of liquefied natural gas (LNG) is designed. Conventional and advanced exergy and exergo-economic analyses of the system were made. According to the research in the literature, for the first time, advanced exergo-economic analysis was applied to a combined power system using the cold energy of LNG with the Modified Productive Structure Analysis (MOPSA) method. 23% of the exergy destruction and exergy destruction cost rate of the combined system is avoidable. In both conventional and advanced exergy analysis, the highest exergy destruction and cost rate were found in the parabolic solar collector. In addition, as a result of the analyses, it has been seen that the most effective main system components with the potential to improve the performance of the combined system are the parabolic solar collector, the turbine in direct expansion cycle and the turbine in the Organic Rankine cycle, respectively. The study revealed that there is potential to improve the performance of the proposed combined power system.