Abstract

Providing the radiation within the acceptable (responsive) frequency range(s) is a common method to increase the efficiency of the frequency-dependent energy conversion systems, such as photovoltaic and nano-scale rectenna. Appropriately designed auxiliary items such as spectrally selective thermal emitters, optical filters, and lenses are used for this purpose. However any energy conversion method that utilizes auxiliary components to increase the efficiency of a system has to justify the potential cost incurred by those auxiliary components through the economic gain emerging from the increased system efficiency. Therefore much effort should be devoted to design innovative systems, effectively integrating the auxiliary items and to optimize the system with economic considerations. Exergy is the widely used method to design and optimize conventional energy conversion systems. Although the exergy concept is used to analyze photovoltaic systems, it has not been used effectively to design and optimize such systems. In this manuscript, we present a modified exergy method in order to effectively design and economically optimize frequency-dependent energy conversion systems. Also, we illustrate the utility of this concept using examples of thermophotovoltaic, Photovoltaic/Thermal and concentrated solar photovoltaic.

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