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Understanding the Formation of Costs and Environmental Impacts Using Exergy-Based Methods

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Energy Security and Development

Abstract

We examine the integrated advanced exergetic, exergoeconomic, and exergoenvironmental analyses, which identify the magnitude, location and causes of thermodynamic inefficiencies, costs, and environmental impacts. The analyses evaluate the interactions among the components of the overall system and the real potential for improving a system component. The results from the application of these methods are useful in understanding the operation of energy conversion systems and in developing strategies to improve them. This chapter demonstrates how exergoeconomic and exergoenvironmental analyses provide the user with information related to (a) the formation processes of costs and environmental impacts, and (b) the interactions among thermodynamics, economics, and ecology.

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Abbreviations

b:

Environmental impact per unit of exergy (Points/J)

B:

Environmental impact associated with an exergy stream (Points)

c:

Cost per unit of exergy (€/J)

C:

Cost associated with an exergy stream (€)

e:

Specific exergy [J/kg]

E:

Exergy (J)

f:

Exergoeconomic factor (-)

m:

Mass (kg)

p:

Pressure (Pa)

r:

Relative cost difference (%)

T:

Temperature (K)

y:

Exergy destruction ratio (–)

Y:

Construction-of-component-related environmental impact (Points)

Z:

Cost associated with investment expenditures (€)

ε:

Exergetic efficiency (%)

η:

Isentropic efficiency (%)

b:

Refers to environmental impact

D:

Refers to exergy destruction

F:

Fuel

k :

kth component

P:

Product

tot:

Refers to the total system

Y:

Refers to construction-of-component-related environmental impact

Z:

Refers to investment costs

●:

Time rate

AV:

Avoidable

CI:

Capital investment

EN:

Endogenous

EX:

Exogenous

UN:

Unavoidable

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Tsatsaronis, G., Morosuk, T. (2015). Understanding the Formation of Costs and Environmental Impacts Using Exergy-Based Methods. In: Reddy, B., Ulgiati, S. (eds) Energy Security and Development. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2065-7_18

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  • DOI: https://doi.org/10.1007/978-81-322-2065-7_18

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