Biomass power plants play a crucial role in the sustainable energy sector by converting organic materials such as agricultural residues, forest biomass, and dedicated energy crops into electricity and heat. Biomass power plants represent a viable and renewable energy solution that can contribute to transitioning to a low-carbon economy. Their ability to convert organic materials into electricity and heat, coupled with proper management of feedstocks and emissions, can provide a sustainable alternative to fossil fuel-based power generation. Biomass has appeared as one of the most encouraging renewable energy sources for the replacement of fossil fuels. An extensive study about the prospective of biomass to produce renewable energy in the world has been exhibited in this article. The biomass-driven combined heat and power plant demonstrates 67% and 12% efficiency improvement compared to the stand-alone biomass power plant. BFP-CCS performs best at the H<sub>2</sub>O/Mn<sub>2</sub>O<sub>3</sub> mass ratio of 1.6, the H<sub>2</sub>O/O<sub>2</sub> molar ratio of 2.8, the O<sub>2</sub>/biomass mass ratio of 0.22, and the fuel utilization factor of 0.65. The exergo-economic and exergo-environmental factors obtained are 51.5% and 0.0288% respectively at the favorable operating conditions. The round-trip efficiency of the process using R1233zd was 8.77%, which was slightly lower than that of the process using R245fa (8.84%). The net power output of the final CLC integrated configuration and conventional power plants are 492.19 kW and 273.12 kW respectively. A lot of energy can be recovered without low-temperature corrosion problems, and 7% of the total input energy can be saved. The maximum obtainable exergy efficiency was 42.03%, which was related to MSW (Municipal Solid Waste). The primary aim of this review is to furnish a thorough understanding of the thermodynamic complexities and potential improvements within biomass power plants. Through a critical analysis of current research and emerging technologies, this review aims to establish the groundwork for more effective and sustainable energy production from biomass, playing a crucial role in shaping a cleaner and more environmentally friendly future.