Power and cogeneration technology environomic performance typification in the context of CO2 abatement part I: Power generation

In this series of two articles, the concepts and approaches of environomic (thermodynamic, economic and environmental) performance ‘Typification’ of power generation technologies (Part I) and of combined heat and power (CHP) cogeneration technologies (Part II) in the context of CO₂ abatement are introduced. A methodology is then proposed for a flexible and fast project based power or CHP cogeneration system design evaluation though post-optimization integration of the operating and capital costs. This allows to effectively deal with the uncertainty of the project specific design and operation conditions (fuel, electricity and heat selling prices, project financial conditions such as investment amortization periods, annual operating hours, etc). Furthermore, the uncertainties linked to the external cost such as the CO₂ tax level under a tax scheme or the CO₂ permit price in the emission trading market can be assessed.