Macroeconomics

Quantum mechanics

Natural gas

Engineering

Exergy efficiency

Literature

Economics

Power (physics)

Computer science

Electricity generation

Waste management

Mechanical engineering

Thermodynamics

Physics

Dual purpose

Cogeneration

Payback period

Automotive engineering

Process engineering

Environmental science

Dual (grammatical number)

Refrigeration

Electricity

Production (economics)

Exergy

Electrical engineering

Absorption refrigerator

Applied Energy

In light of the movement toward sustainable development and environmental protection, this work proposes a novel cogeneration system using geothermal and natural gas dual-sources. The proposed plant is a combination of the gas turbine cycle with thermophysical recuperation, double-flash geothermal cycle, parallel dual-pressure Kalina cycle, and single-effect absorption cooling cycle for simultaneous power and cooling production. For performance investigation, energy, exergy, exergoeconomic, and economic analyses were performed. To have the optimum operating conditions of the system, a coupled model of the response surface methodology, multi-objective grey wolf optimization algorithm, and four different decision-making methods were suggested. The findings revealed that the combustion chamber has the highest contribution to total exergy destruction by 3885 kW. Based on the economic analysis, considering cooling selling cost of 0.07 $/kWh and fuel purchase cost of 3 $/GJ, increasing electricity cost to 0.15 $/kWh results in total revenue of 76.6 $M with a payback period of 0.66 years. This means that the system with mentioned prices is attractive for investment since it's profitable after some years of operation. Also, according to the optimization results, in the first optimization scenario, the optimum exergy efficiency and sum unit cost of products are determined to be 45.2 % and 3.82 $/GJ.

Multi-aspect analysis and RSM-based optimization of a novel dual-source electricity and cooling cogeneration system