Affiliation:
1. Department of Mechanical Engineering National Institute of Technology Durgapur Durgapur West Bengal 713209 India
Abstract
A detailed technoeconomic analysis of a standalone steam cycle integrated with molten carbonate fuel cell and an organic Rankine cycle is presented herein. The modeling and thermodynamic analysis of the proposed plant is performed using a commercially available software tool called Cycle Tempo. The response surface methodology tool is employed to develop regression models to predict the plant's energy, exergy efficiencies, and levelized cost of electricity (LCOE) for varying independent factors: fuel utilization factor (uf) CO2 utilization factor (ϕ), and current density (i) of the fuel cell. The response surfaces developed from the models are used to conduct the parametric analyses on the plant. The desirability test performed for multiobjective optimization has shown the optimum plant configuration, with higher energy, exergy efficiencies, and a lower LCOE is obtained for uf = 0.85, ϕ = 60%, and i = 1000 A m−2 With an intent to reduce CO2 emissions, monoethanolamine‐based carbon capture system is implemented to the plant configuration, that exhibits maximum energy efficiency for ϕ = 90%, and results in an LCOE of 6.53 Rs kWh−1.