In order to explore the influence of the technological parameters on the exergy efficiency of combined bio-hydrogen and bio-methane production process of corn stalk, an exergy equilibrium model was established based on exergy analysis. The method of genetic algorithm was applied to optimize the exergy efficiency of co-production process. The results showed that the exergy efficiency based on thermodynamics exergy at the optimal substrate concentration, initial pH value, and coupling time node was 23.43 %, 24.25 %, and 36.97 %, respectively. Exergy efficiency based on ecological exergy is 21.19 %, 21.92 %, and 31.46 %, respectively. The exergy efficiency based on thermodynamic exergy and ecological exergy behaves the same variation trend. When the optimal process parameters were substrate concentration 60 g/L, initial pH = 7, and coupling time node 12 h, the exergy efficiency was achieved up to 40.46 %, increased by 72.68 % compared to that without optimization.