Development of a sustainable multi-generation system with re-compression sCO2 Brayton cycle for hydrogen generation

Current research aims to develop, design, and analyze a novel solar-assisted multi-purpose energy generation system for hydrogen production, electricity generation, refrigeration, and hot water preparation. The suggested system comprises a solar dish for supplying the necessary heat demand, a re-compression carbon dioxide-based Brayton cycle, a PEM electrolyzer for hydrogen generation, an ejector refrigeration system working with ammonia, and a hot water preparation system. The first law and exergy analyses are implemented to determine the performance of the multi-generation plant with various outputs. Besides, the exergo-environmental evaluation of the plant is conducted for the environmental impacts of the plant. Furthermore, parametric analyses are executed for investigating the system outputs, exergy destruction rate, and system efficiencies. According to the results, the rate of hydrogen generated by means of the multi-generation power plant is determined to be 0.062 g/s which corresponds to an hourly production of 0.223 kg. Besides, with the utilization of the supercritical closed Brayton cycle, a power generation rate of 74.86 kW is achieved. Furthermore, the irreversibility of the overall plant is estimated as 535.7 kW in which the primary contributor of this amount is the solar system with a destruction rate of 365.5 kW.     

Development and thermodynamic assessment of a novel solar and biomass energy based integrated plant for liquid hydrogen production

In this paper, a combined power plant based on the dish collector and biomass gasifier has been designed to produce liquefied hydrogen and beneficial outputs. The proposed solar and biomass energy based combined power system consists of seven different subplants, such as solar power process, biomass gasification plant, gas turbine cycle, hydrogen generation and liquefaction system, Kalina cycle, organic Rankine cycle, and single-effect absorption plant with ejector. The main useful outputs from the combined plant include power, liquid hydrogen, heating-cooling, and hot water. To evaluate the efficiency of integrated solar energy plant, energetic and exergetic effectiveness of both the whole plant and the sub-plants are performed. For this solar and biomass gasification based combined plant, the generation rates for useful outputs covering the total electricity, cooling, heating and hydrogen, and hot water are obtained as nearly 3.9 MW, 6584 kW, 4206 kW, and 0.087 kg/s in the base design situations. The energy and exergy performances of the whole system are calculated as 51.93% and 47.14%. Also, the functional exergy of the whole system is calculated as 9.18% for the base working parameters. In addition to calculating thermodynamic efficiencies, a parametric plant is conducted to examine the impacts of reference temperature, solar radiation intensity, gasifier temperature, combustion temperature, compression ratio of Brayton cycle, inlet temperature of separator 2, organic Rankine cycle turbine and pump input temperature, and gas turbine input temperature on the combined plant performance.     

Energy,exergy and economic analyses and multiobjective optimization of a novel solar multi-generation system for production of green hydrogen and other utilities

Renewable energy based multi-generation systems can help solving energy-related environmental problems. For this purpose, a novel solar tower-based multi-generation system is proposed for the green hydrogen production as the main product. A solar-driven open Brayton cycle with intercooling, regeneration and reheat is coupled with a regenerative Rankine cycle and a Kalina cycle-11 as a unique series of power cycles. Significant portion of the produced electricity is utilized to produce green hydrogen in an electrolyzer. A thermal energy storage, a single-effect absorption refrigeration cycle and two domestic hot water heaters are also integrated. Energy, exergy and economic analyses are performed to examine the performance of the proposed system, and a detailed parametric analysis is conducted. Multiobjective optimization is carried out to determine the optimum performance. Optimum energy and exergy efficiencies, unit exergy product cost and total cost rate are calculated as 39.81%, 34.44%, 0.0798 $/kWh and 182.16 $/h, respectively. Products are 22.48 kg/h hydrogen, 1478 kW power, 225.5 kW cooling and 7.63 kg/s domestic hot water. Electrolyzer power size is found as one of the most critical decision variables. Solar subsystem has the largest exergy destruction. Regenerative Rankine cycle operates at the highest energy and exergy efficiencies among power cycles.     

Parametric analysis of a solar energy based multigeneration plant with SOFC for hydrogen generation

Renewable energy-based hydrogen production plants can offer potential solutions to both ensuring sustainability in energy generation systems and designing environmentally friendly systems. In this combined work, a novel solar energy supported plant is proposed that can generate hydrogen, electricity, heating, cooling and hot water. With the suggested integrated plant, the potential of solar energy usage is increased for energy generation systems. The modeled integrated system generally consists of the solar power cycle, solid oxide fuel cell plant, gas turbine process, supercritical power plant, organic Rankine cycle, cooling cycle, hydrogen production and liquefaction plant, and hot water production sub-system. To conduct a comprehensive thermodynamic performance analysis of the suggested plant, the combined plant is modeled according to thermodynamic equilibrium equations. A performance assessment is also conducted to evaluate the impact of several plant indicators on performance characteristics of integrated system and its sub-parts. Hydrogen production rate in the suggested plant according to the performance analysis performed is realized as 0.0642 kg/s. While maximum exergy destruction rate is seen in the solar power plant with 8279 kW, the cooling plant has the lowest exergy destruction rate as 1098 kW. Also, the highest power generation is obtained from gas turbine cycle with 7053 kW. In addition, energetic and exergetic efficiencies of solar power based combined cycle are found as 56.48% and 54.06%, respectively.     

Development and analysis of a novel biomass-based integrated system for multigeneration with hydrogen production

Energy and exergy analyses of an integrated system based on anaerobic digestion (AD) of sewage sludge from wastewater treatment plant (WWTP) for multi-generation are investigated in this study. The multigeneration system is operated by the biogas produced from digestion process. The useful outputs of this system are power, freshwater, heat, and hydrogen while there are some heat recoveries within the system for improving efficiency. An open-air Brayton cycle, as well as organic Rankine cycle (ORC) with R-245fa as working fluid, are employed for power generation. Also, desalination is performed using the waste heat of power generation unit through a parallel/cross multi-effect desalination (MED) system for water purification. Moreover, a proton exchange membrane (PEM) electrolyzer is used for electrochemical hydrogen production option in the case of excess electricity generation. The heating process is performed via the rejected heat of the ORC's working fluid. The production rates for products including the power, freshwater, hydrogen, and hot water are obtained as 1102 kW, 0.94 kg/s, 0.347 kg/h, and 1.82 kg/s, respectively, in the base case conditions. Besides, the overall energy and exergy efficiencies of 63.6% and 40% are obtained for the developed system, respectively.     

Thermodynamic performance analysis of a copper–chlorine thermochemical cycle and biomass based combined plant for multigeneration

The primary objective of this work is to investigate a comprehensive thermodynamic assessment of the biomass-assisted multigeneration plant for electrical energy, hydrogen, heating-cooling, drying, and hot water production. The suggested multigeneration plant includes the biomass gasification process, Brayton cycle, Kalina cycle, organic Rankine cycle, and cascade refrigeration plant, which is to produce heating and cooling loads, drying system, hydrogen generation with copper–chlorine thermochemical process, and hydrogen liquefaction process. Based on the thermodynamic laws, the total irreversibility rate and performance assessment of the examined study is conducted. Moreover, the impact of various factors such as reference temperature, biomass gasifier temperature, and mass flow rate of biofuel, on the effectiveness and useful outputs of planned plant are examined. The outcomes of the proposed study show that 18 626, 3948 and 1037 kW electrical energy are generated by using the Brayton, Kalina, and organic Rankine cycle. Furthermore, the total cooling and heating capacities and hydrogen generation rates are 2392, 2864 kW and 0.068 kg s⁻¹. Finally, energetic and exergetic effectiveness of the examined model are calculated as 56.71% and 53.59%.     

A new integrated renewable energy system for clean electricity and hydrogen fuel production

In this paper, a new renewable energy-based cogeneration system for hydrogen and electricity production is developed. Three different methods for hydrogen production are integrated with Rankine cycle for electricity production using solar energy as an energy source. In addition, a simple Rankine cycle is utilized for producing electricity. This integrated system consists of solar steam reforming cycle using molten salt as a heat carrier, solar steam reforming cycle using a volumetric receiver reactor, and electrolysis of water combined with the Rankine cycle. These cycles are simulated numerically using the Engineering Equation Solver (EES) based on the thermodynamic analyses. The overall energetic and exergetic efficiencies of the proposed system are determined, and the exergy destruction and entropy generation rates of all subcomponents are evaluated. A comprehensive parametric study for evaluating various critical parameters on the overall performance of the system is performed. The study results show that both energetic and exergetic efficiencies of the system reach 28.9% and 31.1%, respectively. The highest exergy destruction rates are found for the steam reforming furnace and the volumetric receiver reforming reactor (each with about 20%). Furthermore, the highest entropy generation rates are obtained for the steam reforming furnace and the volumetric receiver reforming reactor, with values of 174.1 kW/K and 169.3 kW/K, respectively. Additional parametric studies are undertaken to investigate how operating conditions affect the overall system performance. The results report that 60.25% and 56.14% appear to be the highest exergy and energy efficiencies at the best operating conditions.     

Development and assessment of a new solar-based trigeneration system using hydrogen for vehicular application in a self-sustained community

In the present study, a new solar-based energy system for a self-sustained community is presented and analysed via the principles of thermodynamics. The presented system can meet the electricity demand, cooling load, and hydrogen (for the refueling of the vehicles) in a community by using a solar heliostat system (based on molten salt) in remote areas. Steam Rankine cycle is used to feed the electricity demand while some of the steam is bled out to operate the two-stage ammonia water-based absorption system for the cooling application. The result of the present study shows that with a heliostat area of 6000 m², 372 kW of electricity, 610 kW of cooling capacity, and 7.2 kg/h of hydrogen is generated. Furthermore, exergy analysis results reveal that the maximum exergy destruction takes place in the central receiver (1170 kW) followed by heliostat (980 kW). The performance assessment of the overall presented system is made via exergy and energy efficiencies and estimated as 17.7%, and 38.9% respectively. Effects of some crucial parameters such as direct normal irradiance, evaporator temperature, the bleeding ratio, etc. have been studied on the overall system performance.     

Design and modeling of an integrated combined plant with SOFC for hydrogen and ammonia generation

Because of the requirement of the utilization of energy resources in a way that is both effective and efficient, solid oxide fuel cells have become a notable preference due to their advantages such as high efficiency and use with different fuels. In addition, the integration of these systems in the production of alternative fuels such as hydrogen and ammonia are important for a sustainable future to combat environmental problems. For this reason, the main intention of this paper is to introduce a new plant combining the different systems that use the solid oxide fuel cell for a cleaner and sustainable future. In the modeled work, a solid oxide fuel cell, a gas turbine, an organic Rankine cycle, a Kalina cycle with ejector, a hydrogen generation and storage process, a wood steaming plant, and an ammonia production system is integrated, to generate useful products. Detailed thermodynamic modeling is performed through energy and exergy methods, to determine the performance of the advised system and subsystem. Moreover, energy efficiency, exergy efficiency, and exergy destruction analyses methods are applied to each sub-plant and the whole system separately. In addition, parametric research is carried out to examine the effects of modifying key parameters on the plant's and subsystems' performance. Looking at the analysis results, the amount of the hydrogen and ammonia generation capacities of this work are 0.0085 kgs^?1and 0.2023 kgs^?1, respectively. In addition, the modeled power plant produces a power rate of about 20,180 kW. As a result, this proposed study is calculated to have 61.04% energy efficiency, and 57.13% exergy efficiency.     

Process development of a solar-assisted multi-production plant: Power,cooling, and hydrogen

Multi-production is a practical approach to boost the efficiency of energy conversion systems by utilizing waste energy to producing more commodities in comparison to conventional single output plants. Solar energy is a vast source of energy that has the potential to be employed for different purposes. Therefore, in this research, a solar-driven multi-production system of power, cooling, and hydrogen generation is proposed and evaluated for being implemented in the city of Bandar-Abbas. The overall system is evaluated by calculating the exergy efficiency and exergy destruction rate of each equipment of the multi-production system. Based on the obtained results, heat exchangers, valves and drums, and splitters monitor to be the most exergy destructive equipment compared to other equipment in the multi-production system. In overall, the designed multi-production system reaches the overall energy efficiency of 90.77% and the overall exergy efficiency of 92.19%. In addition, the coefficient of performance is 0.39 for the absorption refrigeration cycle of the designed multi-production system. In overall, the designed system is able to produce 4.36 MW of electricity, 1.65 MW of cooling load, and 2026 kg/h of hydrogen generation at 80.86°C and 2068 kPa.     

Techno-economic analysis and optimization of a proposed solar-wind-driven multigeneration system; case study of Iran

This paper performs a thermo-economic assessment of a multi-generation system based on solar and wind renewable energy sources. This system works to generate power, freshwater, and hydrogen, which consists of the following parts: the solar collectors, Steam Rankine subsystem, Organic Rankine subsystem, desalination part, and hydrogen production and compression unit. Initially, the effects of variables including reference temperature, solar radiation intensity, wind speed, and solar cycle mass flow rate, which depend on weather conditions and affect the performance of the integrated system, were investigated. The thermodynamic analysis results showed that the overall study's exergy efficiency, the rate of hydrogen and freshwater production, and total cost rate are 33.3%, 7.92 kg/h, 1.6398 kg/s, and 61.28 $/h, respectively. Also, the net power generation rate in the Steam and Organic Rankine subsystems and wind turbines are 315 kW, 326.52 kW, and 226 kW, respectively. The main goal of this study is to minimize the total cost rate of the system and maximize the exergy efficiency and hydrogen and freshwater production rate of the total system. The results of optimization showed that the exergy efficiency value improved by 20.7%, the hydrogen production rate increased by 1%, and the total cost rate value declined by 2%. Moreover, the optimum point is similar to a region in Hormozgan province, Iran. So, this region is proposed for building the power plant.     

Energy,exergy and exergo-environmental impact assessment of a solid oxide fuel cell coupled with absorption chiller & cascaded closed loop ORC for multi-generation

A novel solid oxide fuel cell (SOFC) multigeneration system fueled by biogas derived from agricultural waste (maize silage) is designed and analyzed from the view point of energy and exergy analysis. The system is proposed in order to limit the greenhouse gas emissions as it uses a renewable energy source as a fuel. Electricity, domestic hot water, hydrogen and cooling load are produced simultaneously by the system. The system includes a solid oxide fuel cell; which is the primary mover, a biogas digester subsystem, a cascaded closed loop organic Rankine cycle, a single effect LiBr-water absorption refrigeration cycle, and a proton exchange membrane electrolyzer subsystem. The proposed cascaded closed-loop ORC cycle is considered as one of the advanced heat recovery technologies that significantly improve thermal efficiency of integrated systems. The thermal performance of the proposed system is observed to be higher in comparison to the simple ORC and the recuperated ORC cycles. The integration of a splitter to govern the flue gas separation ratio is also introduced in this study to cater for particular needs/demands. The separation ratio can be used to vary the cooling load or the additional power supplied by the ORC to the system. It is deduced that net electrical power, cooling load, heating capacity of the domestic hot water and total energy and exergy efficiency are 789.7 kW, 317.3 kW, 65.75 kW, 69.86% and 47.4% respectively under integral design conditions. Using a parametric approach, the effects of main parameters on the output of the device are analyzed. Current density is an important parameter for system performance. Increasing the current density leads to increased power produced by the system, decreased exergy efficiency in the system and increased energy efficiency. After-burner, air and fuel heat exchangers are observed to have the highest exergy destruction rates. Lower current density values are desirable for better exergy-based sustainability from the exergetic environmental impact assessment. Higher current density values have negative effect on the environment.     

Energy and exergy performance assessment of a novel solar-based integrated system with hydrogen production

In this study, a new solar power assisted multigeneration system designed and thermodynamically analyzed. In this system, it is designed to perform heating, cooling, drying, hydrogen and power generation with a single energy input. The proposed study consists of seven sub-parts which are namely parabolic dish solar collector, Rankine cycle, organic Rankine cycle, PEM-electrolyzer, double effect absorption cooling, dryer and heat pump. The effects of varying reference temperature, solar irradiation, input and output pressure of high-pressure turbine and pinch point temperature heat recovery steam generator are investigated on the energetic and exergetic performance of integration system. Thermodynamic analysis result outputs show that the energy and exergy performance of overall study are computed as 48.19% and 43.57%, respectively. Moreover, the highest rate of irreversibility has the parabolic dish collector with 24,750 kW, while the lowest rate of irreversibility is calculated as 5745 kW in dryer. In addition, the main contribution of this study is that the solar-assisted multi-generation systems have good potential in terms of energy and exergy efficiency.     

A comprehensive comparative energy and exergy analysis in solar based hydrogen production systems

In the presented paper, energy and exergy analysis is performed for thermochemical hydrogen (H₂) production facility based on solar power. Thermal power used in thermochemical cycles and electricity production is obtained from concentrated solar power systems. In order to investigate the effect of thermochemical cycles on hydrogen production, three different cycles which are low temperature Mg–Cl, H₂SO₄ and UT-3 cycles are compared. Reheat-regenerative Rankine and recompression S–CO₂ Brayton power cycles are considered to supply electricity needed in the Mg–Cl and H₂SO₄ thermochemical cycles. Furthermore, the effects of instant solar radiation and concentration ratio on the system performance are investigated. The integration of S–CO₂ Brayton power cycle instead of reheat-regenerative Rankine enhances the system performance. The maximum exergy efficiency which is obtained in the system with Mg–Cl thermochemical and recompression S–CO₂ Brayton power cycles is 27%. Although the energy and exergy efficiencies decrease with the increase of the solar radiation, they increase with the increase of the concentration ratio. The highest exergy destruction occurred in the solar energy unit.     

Performance analysis of a novel solar PTC integrated system for multi-generation with hydrogen production

The performance analysis of a novel multi-generation (MG) system that is developed for electricity, cooling, hot water and hydrogen production is presented in this study. MG systems in literature are predominantly built on a gas cycle, integrated with other thermodynamic cycles. The aim of this study is to achieve better thermodynamic (energy and exergy) performance using a MG system (without a gas cycle) that produces hydrogen. A proton exchange membrane (PEM) utilizes some of the electricity generated by the MG system to produce hydrogen. Two Rankine cycles with regeneration and reheat principles are used in the MG configuration. Double effect and single effect absorption cycles are also used to produce cooling. The electricity, hot water, cooling effect, and hydrogen production from the multi-generation are 1027 kW, 188.5 kW, 11.23 kg/s and 0.9785 kg/h respectively. An overall energy and exergy efficiency of 71.6% and 24.5% respectively is achieved considering the solar parabolic trough collector (PTC) input and this can increase to 93.3% and 31.9% if the input source is 100% efficient. The greenhouse gas emission reduction of this MG system is also analyzed.     

Thermodynamic performance analysis and environmental impact assessment of an integrated system for hydrogen and ammonia generation

A novel multigeneration plant that's using natural gas for power, hydrogen, ammonia, and hot water generation, is planned and analyzed, in the current paper. The suggested combined plant integrated with four sub-systems, which are the Brayton cycle, reheat Rankine cycle, the high-temperature steam electrolyzer for hydrogen production, and ammonia synthesis processes. Also, thermodynamic analysis and environmental impact assessment are conducted for the designed plant and sub-systems. Moreover, the sustainability index analysis of this proposed study is conducted. The effects of some important indicators on the performance and on the environmental impact of the modeled system and sub-processes are also studied. According to analyses results, it is noted that the energetic and exergetic efficiencies of the suggested system are 51.83% and 70.27%, respectively, and also the total CO₂ emission rate is 11.4 kg/kWh for the integrated plant. Furthermore, the total irreversibility rate is computed as 40007.68 kW, and furthermore, the combustion chamber has a maximum irreversibility rate with 20,033 kW, among the proposed plant components.     

Thermodynamic analysis and assessment of novel ORC- DEC integrated PEMFC system for liquid hydrogen fueled ship application

Proton-exchange membrane fuel cell (PEMFC) and liquid hydrogen are gaining attention as a power generation system and alternative fuel of ship. This study proposes a novel PEMFC system, integrated with the organic Rankine cycle–direct expansion cycle (ORC-DEC), which exploits cold exergy from liquid hydrogen and low temperature waste heat generated by the PEMFC for application in a liquid hydrogen fueled ship. A thermodynamic model of each subsystem was established and analyzed from the economic, energy, and exergy viewpoints. Moreover, parametric analysis was performed to identify the effects of certain key parameters, such as the working fluid in the ORC, pressure exerted by the fuel pump, cooling water temperature of the PEMFC, and the stack current density on the system performance. The results showed that the proposed system could generate 221 kW of additional power. The overall system achieved an exergy and energy efficiency of 43.52 and 40.45%, respectively. The PEMFC system had the largest exergy destruction, followed by the cryogenic heat exchanger. Propane showed the best performance among the several investigated ORC working fluids and the system performance improved with the increase in the cooling water temperature of the PEMFC. The economic analysis showed that the average payback time of ORC-DEC was 11.2 years and the average net present value (NPV) was $295,268 at liquid hydrogen costing $3 to $7, showing the potential viability of the system.     

Design and thermodynamic modeling of a renewable energy based plant for hydrogen production and compression

In the examined paper, a solar and wind energy supported integrated cycle is designed to produce clean power and hydrogen with the basis of a sustainable and environmentally benign. The modeled study mainly comprises of four subsystems; a solar collector cycle which operates with Therminol VP1 working fluid, an organic Rankine cycle which runs with R744 fluid, a wind turbine as well as hydrogen generation and compression unit. The main target of this work is to investigate a thermodynamic evaluation of the integrated system based on the 1st and 2 nd laws of thermodynamics. Energetic and exergetic efficiencies, hydrogen and electricity generation rates, and irreversibility for the planned cycle and subsystems are investigated according to different parameters, for example, solar radiation flux, reference temperature, and wind speed. The obtained results demonstration that the whole energy and exergy performances of the modeled plant are 0.21 and 0.16. Additionally, the hydrogen generation rate is found as 0.001457 kg/s, and the highest irreversibility rate is shown in the heat exchanger subcomponents. Also, the net power production rate found to be 195.9 kW and 326.5 kW, respectively, with organic Rankine cycle and wind turbine. The final consequences obtained from this work show that the examined plant is an environmentally friendly option, which in terms of the system's performance and viable, for electrical power and hydrogen production using renewable energy sources.     

Performance assessment of steam Rankine cycle and sCO2 Brayton cycle for waste heat recovery in a cement plant: A comparative study for supercritical fluids

The main objective of this study is to investigate the feasibility of a waste heat recovery (WHR) closed Brayton cycle (BC) working with supercritical carbon dioxide (sCO₂). For this aim, an actual WHR steam Rankine cycle (RC) in a cement plant was evaluated thermodynamically. After, a sCO₂-BC was theoretically adapted to the actual WHR system for the performance assessment. Both systems were analyzed comparatively in terms of energy and exergy. According to the results, the sCO₂-BC showed higher performance than the actual steam RC with a net electricity generation of 9363 kW where it was calculated as 8275 kW for the actual cycle. In addition, the energy efficiencies were found to be 27.6% and 24.18% where the exergy efficiencies were calculated as 58.22% and 51.39% for sCO₂-BC and steam RC, respectively. In the following part of the study, the closed BC was examined for different supercritical working fluids, namely, CO₂, pentafluoroethane (R125), fluoromethane (R41), and sulfur hexafluoride (SF6). Parametrical analyses were conducted to determine the effects of the system parameters such as turbine inlet temperature, compressor inlet temperature, and pressure ratio on the cycle performance. The simulation results of the comparative study showed that, among the supercritical fluids, the CO₂ demonstrated a higher performance for the closed BC with an energy efficiency of 27.9% followed by R41, SF6, and R125. As a result, the utilization of sCO₂-BC for WHR can be sustainably adapted and extended for environmentally friendly energy generation.     

Comparative energy,exergy and exergo-economic analysis of solar driven supercritical carbon dioxide power and hydrogen generation cycle

Parabolic dish solar collector system has capability to gain higher efficiency by converting solar radiations to thermal heat due to its higher concentration ratio. This paper examines the exergo-economic analysis, net work and hydrogen production rate by integrating the parabolic dish solar collector with two high temperature supercritical carbon dioxide (s-CO₂) recompression Brayton cycles. Pressurized water (H₂O) is used as a working fluid in the solar collector loop. The various input parameters (direct normal irradiance, ambient temperature, inlet temperature, turbine inlet temperature and minimum cycle temperature) are varied to analyze the effect on net power output, hydrogen production rate, integrated system energetic and exergetic efficiencies. The simulations has been carried out using engineering equation solver (EES). The outputs demonstrate that the net power output of the integrated reheat recompression s-CO₂ Brayton system is 3177 kW, whereas, without reheat integrated system has almost 1800 kW net work output. The overall energetic and exergetic efficiencies of former system is 30.37% and 32.7%, respectively and almost 11.6% higher than the later system. The hydrogen production rate of the solarized reheat and without reheat integrated systems is 0.0125 g/sec and 0.007 g/sec, accordingly and it increases with rise in direct normal irradiance and ambient temperature. The receiver has the highest exergy destruction rate (nearly 44%) among the system components. The levelized electricity cost (LEC) of 0.2831 $/kWh with payback period of 9.5 years has proved the economic feasibility of the system design. The increase in plant life from 10 to 32 years with 8% interest rate will decrease the LEC from (0.434-0.266) $/kWh. Recuperators have more potential for improvement and their cost rate of exergy is higher as compared to the other components.