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thermodynamic underpinning of all coal and nuclear power plants, which utilize the Rankine Cycle mechanical power to generate about 90% of the electricity produced globally. The fundamental working principle of the Rankine Cycle applies to the Organic Rankine Cycle except that the working fluid is an organic liquid that has a relatively low liquid-vapor phase change temperature (boiling point) compared to water. As a result, lower temperature heat sources (such as biomass combustion, industrial waste heat, geothermal energy, solar thermal ponds, etc.) can be utilized to recover energy through the thermodynamic cycle. The use of the Organic Rankine Cycle presents both challenges and advantages. With the working fluid operating at lower temperatures, heat transfer inefficiencies from operating conditions, fluid friction, etc. can dramatically reduce the optimal thermodynamic characteristics of heat transfer process. In addition, many fluids with high ozone depletion potential, especially chlorofluorocarbons (CFCs)1, have been phased out through the MontreĢal Protocol of 1996. On the other hand, organic working fluids that are non-corrosive, non-toxic, non- flammable and chemically stable, not only extend the operational life of the components within the power plant (such as valves, tubing and turbine blades), but also can alleviate environmental concerns. Energy systems based on ORC technology also benefit from government mandates and worldwide initiatives focused on the development of renewable energy.2 ForceField Energy CFCs were manufactured and sold under the trade name Freon. Renewable energy is energy generated from resources that are naturally replenished or renewable, which include ORC projects exploiting biomass, thermal solar and geothermal energy sources. 1 2 Zacks Investment Research Page 10 scr.zacks.comPDF Image | Small-Cap Research
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