Exergoeconomic comparison and optimization of organic Rankine cycle, trilateral Rankine cycle and transcritical carbon dioxide cycle for heat recovery of low-temperature geothermal water

Depleting fossil fuel resources and the horrible environmental impacts due to burning fossil fuels emphasize the importance of using renewable energy resources such as geothermal and solar energies. This paper compares performance of CO 2 transcritical cycle, organic Rankine cycle, and trilateral Rankine cycle using a low-temperature geothermal heat source. Thermodynamic analysis, exergetic analysis, economic analysis, and exergoeconomic analysis are applied for each of the aforementioned cycles. In addition, a sensitivity analysis is performed on the system, and the effects of geothermal heat source temperature, evaporator pinch point temperature, and turbine inlet pressure on the cycle's performance are evaluated. Finally, the systems are optimized in order to minimize product cost ratio and maximize exergetic efficiency by using the genetic algorithm. Results indicate that the maximum thermal efficiency is approximately 13.03% which belongs to organic Rankine cycle with R123 as working fluid. CO 2 cycle has the maximum exergetic efficiency, equals to 46.13%. The minimum product cost ratio refers to the organic Rankine cycle with R245fa as working fluid. Moreover, sensitivity analysis shows that increasing geothermal heat source temperature results in higher output power, product cost ratio, and exergy destruction ratio in all cycles.