Publication
Title
Multi-objective thermo-economic optimization strategy for ORCs applied to subcritical and transcritical cycles for waste heat recovery
Author
Abstract
Organic Rankine cycles (ORCs) are an established technology to convert waste heat to electricity. Although several commercial implementations exist, there is still considerable potential for thermo-economic optimization. As such, a novel framework for designing optimized ORC systems is proposed based on a multi-objective optimization scheme in combination with financial appraisal in a post-processing step. The suggested methodology provides the flexibility to quickly assess several economic scenarios and this without the need of knowing the complex design procedure. This novel way of optimizing and interpreting results is applied to a waste heat recovery case. Both the transcritical ORC and subcritical ORC are investigated and compared using the suggested optimization strategy. Keywords: organic Rankine cycle (ORC); thermo-economic; optimization; subcritical; transcritical
Language
English
Source (journal)
Energies
Publication
2015
ISSN
1996-1073
Volume/pages
8:4(2015), p. 2714-2741
ISI
000353963400019
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 16.04.2015
Last edited 15.09.2017
To cite this reference