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Analysis of Organic Rankine Cycles for a Boiler Station

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Analysis of Organic Rankine Cycles for a Boiler Station ( analysis-organic-rankine-cycles-boiler-station )

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2.4 Flue-gas Condensation Flue gas condensation is a heat recovery process in which the flue gas from the water is cooled down below its dew-point, resulting in liquid water formation. The energy content of the condensed water is then recovered as low grade heat. Tdp = Tsat(Pv) (2.39) Pv = Partial pressure of water vapor (2.40) When the flue gas is condensed, the mass content of the dry gases remains unchanged; it is only the mass content of the wet content, the water, that is reduced. The energy balance over the condenser is Q ̇RGK FPC =H ̇in −H ̇out =H ̇flue gas,in −H ̇flue gas,out −H ̇cond (2.41) Enthalpy of the inflow depends on the mass fractions of the different molecules in the flue gas, which depends on the chemical composition of the used fuel. H ̇in =m ̇in,H2O ·hin,H2O +(m ̇N2 ·hN2 +m ̇CO2 ·hCO2 +m ̇O2 ·hO2) Enthalpy of the outflow is H ̇ out = H ̇ out,flue gases + H ̇ out,condensate H ̇out, flue gases =m ̇out,H2O ·hout,H2O +(m ̇N2 ·hN2 +m ̇CO2 ·hCO2 +m ̇O2 ·hO2) H ̇ out,condensate = (m ̇ in,H2 O − m ̇ out,H2 O ) · hcondensate,H2 O 2.5 Financial Investment Analysis (2.42) (2.43) (2.44) (2.45) (2.46) For many financial decisions, costs and benefits occur at different points in time and since a unit of currency to be paid (or spent) in the future is worth less than that same unit of currency today, there is a need of implementing life cycle costing analysis when analyzing financial projects. This is true even if there is no inflation since the same unit of cash can be invested and generate interest. 2.5.1 Net Present Value The net present value (NPV) is used as a measure of economic value when comparing different investment, or project, options. It is determined as the difference between the present value (PV) 35

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