Thermo-enviro-exergoeconomic analysis and multi-objective optimization of a novel geothermal-solar-wind micro-multi-energy system for cleaner energy production

Abstract

Renewable energy- based multigeneration systems have been proposed as a viable means of achieving a net-zero future as these systems can decarbonize the power and energy sector simultaneously. Although there has been significant development in this research field, the large sizes of the existing systems in literature are a major setback in the adoption/implementation of these systems. Furthermore, the unavailability of solar and wind energy during some hours daily makes solar or wind energy-based multigeneration systems undesirable in many applications. Considering the urgency/importance of attaining a net-zero emission future, this study presents a novel multi-energy system that can bridge the existing gaps in literature. Therefore, the thermodynamics, economic, and environmental analysis novel CO2-based geothermal micro-multi-energy system that is hybridized with a concentrated solar photovoltaic/thermal system and wind turbine is presented in this paper. The proposed energy system presents an innovative method that can be effectively used to decarbonize future energy production. The multi-energy system is modeled to produce electricity, refrigeration effect, space heating, hydrogen, and hot water. The economic study in this paper also analyzed the Levelized cost of electricity (LCOE), Levelized cost of cooling (LCOC), and Levelized cost of hydrogen (LCOH). A multi-objective optimization operation is also carried out on the modeled system in order to determine the optimal exergy efficiency and total product unit cost. The steady-state performance analyses showed that the overall energetic and exergetic efficiencies of the system are 48,61% and 88.31% and these efficiencies can be as high as 51.76% and 95.08% respectively when the system is optimized with reference to exergy efficiency. The LCOE, LCOC, and LCOH at the optimal total product unit cost are 0.04529 $/kWh, 0.004564 $/kWh, and 28.86 $/kg.