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Title
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Case study of an organic Rankine cycle applied for excess heat recovery : technical, economic and policy matters
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Author
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Abstract
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| Many industrial processes inevitably produce excess heat as by-product. Recovering this heat is a matter of waste management and provides opportunities to improve the energy use efficiency. The excess heat can be used for heating purposes (e.g., in processes, or delivered to district heating systems or buildings) or to generate electricity. An increasingly applied technology for industrial excess heat recovery is the organic Rankine cycle (ORC), suitable to recover low-grade heat from 90 degrees C onwards. Although ORCs are studied intensively, few studies have examined the economics of commissioned ORC systems. This paper investigates a 375 kWgross ORC system employed for flue gas heat recovery from an industrial kiln in Flanders, Belgium. The purpose of the study is twofold: providing insight into a practical ORC case; and evaluating the financial feasibility while taking the specific policy circumstances into account. The financial appraisal takes account of the specific technical setup, the diverse costs of the system, the external economic parameters, and the policy circumstances in Europe, Belgium and Flanders. A sensitivity analysis illustrates the influence of each parameter on the results. The analysis demonstrates the dominance of the investment costs (4217 (sic)(2013)/kW(gross)) in the expenses. Under the valid conditions the investment has a positive financial return, but the financial support from the government is indispensable. Finally, the sensitivity analysis reveals the importance of attaining sufficient load hours and the influence of electricity prices on the financial feasibility of ORC projects. The results suggest that ORC systems are suitable for industrial excess heat electricity production under certain conditions, but financial support remains necessary. Reducing the investment costs of the ORC itself could alleviate these conditions. (C) 2017 Elsevier Ltd. All rights reserved. |
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Language
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English
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Source (journal)
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Energy conversion and management. - Oxford, 1980, currens
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Publication
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Oxford
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2017
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ISSN
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0196-8904
[print]
1879-2227
[online]
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DOI
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10.1016/J.ENCONMAN.2017.01.074
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Volume/pages
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138
(2017)
, p. 670-685
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ISI
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000396948700061
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Full text (Publisher's DOI)
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Full text (publisher's version - intranet only)
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