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60.00% 50.00% Thermal efficiency improvement 1.34 1.32 1.30 1.28 1.26 1.24 1.22 1.20 1.18 1.16 1.14 40.00% 30.00% 20.00% 10.00% 0.00% Average power output Thermal efficiency improvement Average power output (kW) 0 0.2 0.4 0.6 0.8 1 IHX effectiveness Figure 3‐26 Solar‐driven carbon dioxide power system power output and thermal efficiency improvement vs. IHX effectiveness (results calculated for the same day that chosen for Figure 3‐18) A simple economic analysis was also conducted to show the economic aspects of the solar‐driven CO2 power system. The simulation results show that the simulated system will have a payback time around 12 years, which can be further shortened if the system is under mass production or being used in a hot climate region, where much higher solar energy is available. 3.3 Summary In this chapter, the basic working conditions of the three proposed carbon dioxide power cycles, namely carbon dioxide transcritical power cycle, carbon dioxide Brayton cycle and carbon dioxide cooling and power combined cycle, are specified. To utilize the energy in low‐grade heat sources (i.e. heat source with low available temperatures), a carbon dioxide transcritical power cycle will be more preferable due to its higher thermal 48PDF Image | Thermodynamic Cycles using Carbon Dioxide
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