Design, exergy and exergoeconomic analysis and optimization of a CCHP + TES for the use in a complex building

The present paper aims at the optimization and exergy and thermoeconomic analyses of a combined cooling, heat, and power generation system equipped with a thermal energy storage for the use in a residential complex with a gas-fueled internal combustion engine as the prime mover. The system is optimized using the direct search method by minimizing annual cost in two cases of using/not using a thermal energy storage. In case of the use of a thermal energy storage, an engine with a capacity of 2 MW and an operating time of 4000 h are found to be optimal, but when a thermal energy storage is included, an engine with a capacity of 2 MW and an operating time of 5268 hours and a thermal energy storage with a capacity of 18.93 m³ are found to be the optimal options. Both systems are evaluated assuming selling/not selling surplus power to the public power grid. The best case for the performance of the system is to use a thermal energy storage and to sell surplus electricity to the grid. In this case versus the case of excluding the thermal energy storage, primary energy consumption, CO₂ emission, operating cost of the system, and power purchase from the public grid are decreased by 20.8, 19.5, 14.3 and 17%, respectively while return on capital is increased by 3.1% resulting in 10.7% higher annual cost of the system.