Payback period estimation and parameter optimization of subcritical organic Rankine cycle system for waste heat recovery

Energy ◽  
2015 ◽  
Vol 88 ◽  
pp. 734-745 ◽  
Author(s):  
Xiao-Qiong Wang ◽  
Xiao-Ping Li ◽  
You-Rong Li ◽  
Chun-Mei Wu
2021 ◽  
Vol 313 ◽  
pp. 06001
Author(s):  
Siddharth Ramachandran ◽  
Naveen Kumar ◽  
Venkata Timmaraju Mallina

Despite the higher efficiency advantage, the cost reduction of PV technology has been more successful compared to the dish Stirling engine (DSE) due to the large market volume and sturdy competition. Irrespective of the types of source, there exists a potential of waste heat recovery from Stirling engines operating at higher temperature regime. Accordingly, to make DSE commercially viable and efficient, innovative ways such as hybridization (combing a bottoming cycle), Co-generation, Tri-generation etc. need to be explored. In this paper, the techno-economic feasibility of hybridization of a typical solar DSE with a bottoming organic Rankine cycle (ORC) via. a heat recovery vapour generator (HRVG) is explored. The overall energetic and exergetic efficiency of the DSE has been improved by 5.79% and 5.64% while recovering the waste heat through a bottoming ORC. The design and effective incorporation of the HRVG with cooler side of the Stirling engine is identified to be crucial for the overall exergetic performance of solar Stirling-ORC. Further, the economic feasibility of a solar String-ORC combination is evaluated in terms of levelized cost of electricity (LCOE) and payback period. Both LCOE and payback period are found to be in comparable range with the PV technology.


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