Economic viability and investment returns of innovative geothermal tri-generation systems: A comparative study

被引:9
|
作者
Qian, Xiaoyan [1 ]
Dai, Jie [2 ,3 ,4 ]
Jiang, Weimin [5 ]
Cai, Helen [4 ]
Ye, Xixi [6 ]
Vafadaran, Mohammad Shahab [7 ]
机构
[1] Nanjing Vocat Univ Ind Technol, Sch Econ & Management, Nanjing 210046, Peoples R China
[2] Jiaxing Univ, Sch Business, Jiaxing 314001, Peoples R China
[3] Univ Malaya, Sch Adv Studies, Kuala Lumpur, Malaysia
[4] Middlesex Univ, Business Sch, London, England
[5] Nanjing Forestry Univ, Sch Econ & Management, Nanjing 210037, Peoples R China
[6] Wenzhou Polytech, Sch Digital Econ & Trade, Wenzhou 325035, Peoples R China
[7] Univ Memphis, Dept Mech Engn, Memphis, TN 38152 USA
关键词
Geothermal; Techno-economic analysis; Humidification and dehumidification; Multi -criteria optimization; Machine learning; MULTIOBJECTIVE OPTIMIZATION; TRIGENERATION SYSTEM; POWER-PLANT; ENERGY; DRIVEN; CYCLE; HYDROGEN; PROPOSAL; EXERGY; KALINA;
D O I
10.1016/j.renene.2024.120396
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
In a world grappling with escalating energy needs, environmental concerns, and economic constraints, the transition to renewable energy becomes critical. This study delves into geothermal energy, a promising renewable source, to develop four distinctive tri-generation systems (producing power, heat, and freshwater) optimized for economic efficiency and investment returns. The primary focus is on assessing these systems through an innovative lens of economic viability, including net present value (NPV) and payback periods, alongside their thermodynamic performance. Notably, System B emerges as the most economically advantageous, boasting the shortest payback period of 3.65 years and the highest NPV of $2.38 million, while System C trails with the lowest NPV of $0.32 million. Additionally, System D, identified as optimally complementary, undergoes comprehensive optimization using advanced algorithms and machine learning, achieving notable efficiencies and cost-effectiveness in power output, exergy, and freshwater production. This study not only underscores the potential of geothermal tri-generation systems in meeting energy, heat, and water needs but also highlights their significant economic benefits and investment attractiveness, offering a compelling case for their adoption in sustainable energy strategies.
引用
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页数:19
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