Int.J. Applied Thermodynamics, ISSN 1301-9724 Vol.3 (No.3), pp.111-119, September-2000

An Integrated Approach to the Assessment of Energy Conversion Plants ∗∗∗ AlbertoMIRANDOLA,AnnaSTOPPATO,SimoneTONON DepartmentofMechanicalEngineering UniversityofPadova 1,ViaVenezia35131PadovaItaly Phone:+390498276778,Fax:+390498276775 E−mail:[email protected]

Abstract Anintegratedapproachtotheassessmentofenergysystemsbehaviourwithregardto energetic, economic and environmental viewpoints is suggested. For each aspect, suitableperformanceindicatorsaredefined,evaluatedandthennormalisedinorderthat thesamenumericalvalueiscalculatedforqualitativelyequivalentperformancesevenif relatedtodifferentaspects;applicationoftheseindicatorscanaddresspolicymakers, designersandplantoperatorstowardsafaircompromiseamongsuchimportantaspects. In this paper the method is applied to different types of plants (thermal power, gas steam combined, cogenerative, geothermal power, hydroelectric) and results are comparedanddiscussed.Theprocedurecanbeeffectiveinbothdeterminingstandard performancesforeachclassofplantsandanalysingthedeviationsofaparticularplant fromtheaveragebehaviourofitsclass. Key words: Multicriteria approach, , , 1. Introduction presentedapproach. Shortage of energy resources, The Thermoeconomic Theory ,ElSayedet environmental pollution and increasing costs of al. (1983), Frangopoulos (1984), Tsatsaronis et energy are three major aspects of the energetic al.(1985),VonSpakovskyetal.(1990),Lozano problems in the modern society; therefore, etal.(1993),considerstheinternalstructureand methodsaimedatevaluatingtheperformancesof parameters of the plant and determines the energysystemsshouldtakeintoaccounttheso economic costs of its internal energy flows and called "3 E’s" (Energy Environment its products, based on their exergy. The results Economics). Many approaches have been arehelpfulinchoosingandimprovingtheplant suggested by scientists and engineers to assess configuration by the evaluation of performancesfromdifferentviewpoints:1 st Law thermodynamic inefficiencies and their costs. and 2 nd Law (exergetic) calculations, Valero(1998)recentlyintroducedtheconceptof thermoeconomicmethods,environmentalimpact exergoecological cost to take also into account assessment,embodiedenergy(emergy)analysis, thecontributionofnaturalresourcesdirectlyand economic evaluation, Life Cycle Assessment determine a more comprehensive exergetic cost (LCA),etc. of products. Yet, he acknowledges that quantifying this contribution is difficult and Moreeffectiveand general indicationscan proposes to further investigate the problem of be drawn from integrated analyses, considering evaluatingtheexergoecologicalcosts. many aspects simultaneously. With this aim, several theories have been introduced by many The Cumulative Consumption of Exergy authors. These contributions resulted in a (CExC) by Szargut (1991), (1999) and the valuable conceptual background for the Extended Exergy Accounting (EEA ) Theory by

∗AprimaryversionofthispaperwaspresentedattheECOS’00ConferenceinEnschede,July57,2000

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Sciubba(1999),stillusingexergyasthebasisfor and the effects of pollution by means of a cost accounting, suggest a formulation of the commonmeasurementunit. environmentalcostsofbothinputresourcesand An effective tool for evaluating plant cleanupactivities. performances considering different points of The Environomic Theory by Von view (energy, environment and economy) is Spakovsky at al. (1993) is an extension of the presentedinthispaper. thermoeconomic theory, considering the Proper techniques are used to focus on environmental resources. Contributions of raw different aspects and an appropriate set of materials, plant , operation, indicators, suitable to supply distinct key maintenance, decommissioning, recycling and informationaboutplantperformances,isdefined. clean up activities are expressed in monetary Indicators arethen transposed in a proper non units. Anyway, great difficulties are related to dimensionalscaletomakeeachonecomparable theevaluationofthecostparametersrequiredby withthe others.Inthisway the same numerical thisanalysis. value of different indicators supplies equivalent Thewholelifetimeoftheplants,“fromthe qualitative information about the plant cradle to the grave”, is considered by the LCA performances; i.e., equal values of different method (Badinoetal.,1998).Thismethod,very parameters express similar “degrees of popular in the industrial field, works only on effectiveness” related to the corresponding firstlaw energy balances. Conversely, the aspects. ExLCA (Exergetic Life Cycle Assessment) is Indicators can be effectively evaluated still in an early stage to understand its real without knowing the internal structure of the practicalvalue. plant, using comprehensive data that are Similar viewpoints were introduced by normally available from online monitoring or Odum (1995), later Brown and Ulgiati (1997), designdata. (1998), in the Embodied Energy ( Emergy) Analysis (see§2.3andnote5) Information provided by this method is usefultocomparedifferenttechnicalsolutionsin Althoughseveraltheoreticalapproachesfor an immediate and effective way. Both policy the global assessment of energy conversion makers at governmental level and energy plants were suggested, as shown, very few managers at company level might be interested examplesofapplicationofthesetheoriescanbe inthisapplication.Informationcanbealsoused found in the literature. One reason is the very byplantoperatorstoselectappropriatecriteriato recentintroductionoftheseapproachesbutthere improveplantoperation.Finally,inthedesignof arealsostrongdifficultiesingatheringthelarge energyconversionplants,thetoolcanbeusedto obtainsomeguidelinesfordesignimprovements amount of data required and uncertainties in ofstructure,componentsandparameters. quantifyingtheintrinsiccostofnaturalresources

1st Law 2nd Law Analysis Analysis

Emergy ExergoEconomic Analysis Analysis INDICATORS Evaluation of Economic pollutant e missions APPLICATION Analysis ENERGY REPRESENTATION SYSTEM SCALES RESULTS REFERENCE SYSTEM

Figure 1. Basic structure of the integrated approach method

112 Int.J. Applied Thermodynamics, Vol.3 (No.3) 2. General Description of the Tool Someofthemarealreadyknown,socanbeused withconfidence,othershavebeenintroducedby Energy conversion systems, due to their theauthors.Insodoingalltheindicatorsshould complexity,requiregreatattentiontobepaidto supply complementary information. In the the energetic, economic and environmental following paragraphs selected indicators are aspects. Many strong interconnections exist described. amongtheseaspectsandthismakestheanalysis difficult to be performed. Anyway, important 2.1 Energetic (thermodynamic) information can be derived from separate indicators investigations,usingdifferentmethods,provided Energyandexergyanalysisareimportantto that, at the end, the results are examined explain how energy flows interact with each simultaneously. other and how the energy content of resources The proposal integrates results of the (bothrenewableandnonrenewable)isexploited. methods described in Figure 1 . They focus on 1st Law efficiency ηηη (eq. 1), supplies differenttimeandscalewindows;forthisreason informationabouttheefficiencyinusingenergy the tool provides comprehensive information resourcestogettheproducts. aboutplantperformances. Each method has a particular field of n E applicationandhastobeusedinaccordancewith ∑ j the correct time and space scales to provide η = j=1 (1) valuableresults.Todothis,acarefuldefinition Ein of time and space boundaries has to be 2nd Law efficiency ζζζ (eq. 2), is used to performed. Considering that comprehensive explain efficiency from the exergetic point of characterization of the system is a time view.Thesetwoindicatorshaveawiderangeof consumingactivityusuallyhardtobeachieved, application (system and component level, even insightsonprocessdynamicsshouldbeadequate though the last one is not considered in this totheinformationrequired.Foreachmethodof paper). analysis, time and space boundaries of interest n areshowninTABLEI.Ascanbeinferred,some B methods are used with several levels of ∑ j j=1 boundaries. Moreover, other boundaries can be ζ = (2) used for particular applications that are not Bin consideredinthispaper. Raw energy conversion coefficient εεεraw (eq. 3), is introduced by the authors to quantify the TABLEI.TIMEANDSPACEBOUNDARIES amount of raw energy resources used to obtain FORDIFFERENTMETHODS thefinalproductsandisrelatedtotheamountof TIME SPACE raw(nonrenewable)energysavedfornotusing

fossil fuels to get the same products. Its numericalvaluecanrangebetween η(noenergy

saved) and ∞ (best use, no raw energy usedat all). Present borders Physical Regional Biosphere conditions

tothegrave n Operationlife Fromthecradle E 1st LawAnalysis ∑ j nd j=1 2 LawAnalysis εraw = (3) E Exergoeconomic raw nd Analysis Potential 2 Law efficiency ζζζpot ,(eq.4),isa Economic measure of the potential further exploitation of Analysis the process, from the exergy point of view, if Eval.ofpollutant outlet flows, which are generally discarded emissions because of their low exergy content, were used EmergyAnalysis when considered as useful products (consider, for example, the heat released with flue gases Each method supplies the basis to define when low temperature heat is not needed certain indicators that express, quantitatively, nearby). various kinds of interesting performances. In n+t choosing the indicators some features or ∑Bj requirementshavebeenconsidered:theyshould j=1 ζpot = (4) be concise, reliable and easily applicable to Bin actual plants (using data currently available).

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2.2 Economic and exergoeconomic isevaluatedconsideringtheoperatinglifeofthe indicators plant. Z + c ⋅ F Economic performances involve many c = F (8) aspects.Firstofalltheconvenienceoftheplant P as an investment must be checked and the "DiscountedCashFlow"methodprovidessome 2.3 Environmental indicators usefulindicators. Environmental impact assessment is Profit Index IP (Eq.5),isameasureofthe concernedbothwiththeproductionandemission convenience of the investment considering the of pollutants and with the use of resources complete plant operating life; the calculation of (renewable and nonrenewable). Therefore, two IP implies the choice of aproper value for the classes of parameters are considered. The first discountrate i,becauseitaffectsthecalculation class is used to characterise the emissions of ofNPV( Net Present Value ). pollutants, whereas the second one is useful to evaluate both emissions and rate at which NPV IP = 1+ (5) resourcesareconsumed. I o Environmental factors EF ai r and EF water 1 Internal Rate of Return IRR (Eq. 6), (eq. 9), were proposed by the authors, see Tonon (1998). They represent an effective way expresses the internal convenience point of the to quantify pollutant emissions and can be investment and has to be compared with the actual marketconditions.Unlike IP,IRR is not referred to instant conditions or average values (operating periods). Parameters are referred to influenced by the value of i. Generally, the 2 decisionmakersshouldconsidertheseindicators the main aspects of pollution in air and water . altogether, since each one supplies different Thesetofpollutingsubstancesandthe emission information. limits L i (see TABLE II) have been chosen accordingtothe inforcelaws 3andwithrespect IRR = i ⇒ (NPV = 0) (6) to the peculiarities of energy conversion plants. Fortheairindicator,boththe Emission Levels S i Exergoeconomics(orThermoeconomics)is and the emission limits L i are referred to the a powerful combination of exergy and cost exergy of products, thus considering the analysis. This theory allows the analyst to favourable effect of better energy conversion calculatethecostatwhichalltheexergystreams efficiency. Conversely, water pollution is are generated within the plant. The model assessed by considering the level of harmful proposedhereconsiderstheplantasawholeand substances in the water system receiving the theinefficienciesofcomponentsarenotdetailed. discharge flow, since the relation between pollution effects and emission level is very Exergoeconomic factor f (Eq. 7), complex. introduced by Tsatsaronis et al. (1985), represents a compromise between exergy and  Si  economics.Withthisindicatorplantcapitalcosts EFair, EFwater = max   Li  are compared with those associated to the (9) irreversibilities linked with the process. The i = SO2, NOx , PM, CO for EFair    rangeforthisindicatorisbetween0and1:iffis i = ,T DO, TDS, pH, ,N Me. for EF close to 0, the cost of irreversibilities is  water predominant (high I, which is the sum of plant irreversibilities and exergy losses, low ηex , i.e. low efficiency), while the capital cost is 1 predominantwhenfiscloseto1.Generally,in Seealsothe Harmfulness factor f Pusedinthe Environomic analysis by Von Spakovsky et al. (1993) and the Pollutant plants running on fossil fuels, a good Standard Index PSI introduced by EPA (1999), used in compromiseisreachedwhenintermediatevalues monitoringairquality. occur;butintheauthors'opinionthisindicatoris 2 Other types of environmental impact (ground, biological, really useful in comparing plants belonging to health, psychological and sociological) should also be discussed, but they cannot be directly ascribed to a certain thesameclass. plant,becausetheyalsodependontheenvironment.Onthe otherhand,ourindicatorsareaimedatevaluatingplants;so, Z Z f = = (7) theseaspectsarenotconsidered.Astotheacousticpollution, itisnotakeyfactor,becauseitcanbegenerallyreducedif Z + c F ⋅ I Z + Π F ()1− ηex needed and is more related to comfort and safety of Economic cost of products c, on exergy personnel. 3 Theinfluence of eachpollutantontheenvironmentis not basis (eq. 8), explains the manufacturing onlyrelatedtoitsownlevelbutalsototheinteractionamong efficiencyoftheprocessineconomicterms(i.e. several pollutants which produces effects hard to be allocationoftheunitexergycostofproduct).It evaluated;theseinteractionshavealreadybeenconsideredby theregulations. 114 Int.J. Applied Thermodynamics, Vol.3 (No.3) TABLEII.POLLUTANTSANDLIMITS of the process are therefore evaluated with CONSIDERED reference to the global scale of the biosphere Air 4 (bothinitsspaceandtimeperspectives). Fueltype Coal Oil Gas Em Em ESI = Y ⋅ R Particulate PM 4 Em F Em F + Em N Matter 50 42 (11) Em + Em + Em Em Sulfur = F R N ⋅ R SO 2 Dioxide 400 334 26 Em F + Em N Em F Carbon CO Monoxide 250 211 184 3. Setting a Reference Nitrogen Eachindicatorpreviouslydefinedhasbeen NO 647 376 258 x Oxides handled and reported in a proper scale, to get Water homogeneous numerical values. In such a way, the same value of different “normalised” Temperatureincrease 3°C T indicators supplies equivalent qualitative TDS Totaldissolvedsolids 80mg/l information about the plant performances; i.e., >5.0mg/l; equal values of different parameters express DissolvedOxygen DO <9.0mg/l similar “degrees of effectiveness” related to the correspondingaspects. pH Acidity 5.5 Ammonia 15mg/l The scales, expressed by analytical functions,aredefinedinordertohaveastandard N Nitrate 0.6mg/l range [–1,+1] for each normalised indicator, Nitrite 20mg/l whichisalsoforcedtoholdthevalue0whenthe Me Metals 3mg/l indicatorisequaltoitsreferencevalue,while–1 correspondstotheworstpossibleconditionsand The environmental impact in a more +1 to the best (see TABLE III). The scales general sense is qualified by parameters taken 5 dependonthereferencesystem,identifiedasthe from the embodied energy (emergy) analysis . ensemble of these zero values. More than one Emergy based indicators are evaluated using referencesystemcanbedefined,accordingtothe emergy values of the environmental and purposeoftheanalysis. economic, renewable and nonrenewable, local andimportedinputflows,assuggestedbyBrown Letusconsideranexample(TABLEIII): etal.(1998). • currenttechnologyofplantsanddevices; • average conditions of the present financial Transformity Tr (eq.10),istheratioofthe market; totalemergyusedtotheexergyoftheconsidered • emissionslimitstakenfromtheinforceEU products.Itaccountsforthechainofconvergent regulations(TABLEII). processes. With these values a direct comparison Emin Tr = (10) between classes of plants is established. Policy B Y makers can get valuable information to address Emergy Index ESI (eq.11),is strategies,whereasdesignersmayobtainhelpful an aggregate measure of economic performance data in selecting plant components, their andsustainabilityofthesystemconsideringboth arrangementandworkingparameters. thecontributionofrenewablevs.nonrenewable Otherreferencesystemscanbeconsidered. resourcesandtheneedoffeedbackstodrivethe It is reasonable that different users will choose process. The performance and the sustainability different reference systems, depending on the informationtheyneed. 4 All air emission limits are expressed in mg/MJ of output If a specific class of energy conversion exergy; values are obtained from 1998 EU regulations for systems is being studied, it is possible to stress plants of new construction (EU Directive, 1988 and 1994) the features of an actual plant by using a assuming η=0.38 as reference value for the electricity particularreferencesystemconsistingofaverage conversionprocess. 5 Emergy accounting theory is aimed at evaluating the values of the indicators typical for that class. environmentalsupportrequiredbythesystem.Emergyis,by Besidesaglobalassessmentoftheplantgivenby definition, the amount of available energy (exergy) of one theensembleofindicators,itispossibletofocus kind(usually,solar)thatis(andwas)directlyandindirectly theattentionoftheanalystonspecificdeviations required to make something; it is expressed in (solar) emjoules(abbreviatedsej).Emergyisameasureoftheglobal of parameters and look for possible pastandpresentprocessesrequiredtoproducesomethingin improvements.Apolicymaker,interestedinthe units of a given energy form, Odum (1995). Thus, emergy future implications due to the introduction of a representsanewanddifferentconceptofenergyquality. Int.J. Applied Thermodynamics, Vol.3 (No.3) 115

particular type of plant in an existing context, groupedforeachaspect.Withthisstructureitis should consider as reference an “average” old easytocheckgraphicallythebest(outercircle), plantwhichwouldbereplacedbythenewones. the worst (inner circle) and the reference On the other hand, plant operators are more conditions(middlecircle)and,bylookingatthe concernedwiththeoverallbehaviourduringthe line connecting the values of all the indicators, operatingperiodcomparedtotheexpected one: theglobalbehaviouroftheplantcanbequickly in this case the reference system has to be verified. consistentwiththedesignconditions. 5. Examples of Application TABLEIII.INDICATORSANDREFERENCE Anapplicationofthemodeltosomeactual VALUESUSED energy conversion plants (whose main features Ind. Wst Ref Best arereportedinTABLEIV)ispresentedhere. 0.38 η 0 Averageefficiencyfor 1 TABLEIV.ENERGYSYSTEMS thermalpowerplants EVALUATED 0.38 Type,locationandmainfeatures ζ 0 Averageefficiencyfor 1 Thermal power - Porto Tolle, Italy thermalpowerplants 4 x 660 MW sections running on oil, super 0.38 critical steam cycle. Condenser cooled with εraw η Averageefficiencyfor ∞ seawater. NO X and SO 2 abatement systems not thermalpowerplants yetinstalledatthetimeofinvestigation. 0.38 Co-Generative - Turin, Italy ζpot 0 Averageefficiencyfor 1 1 extractioncondensation steam turbine (136 thermalpowerplants MWe)runningonnaturalgas;1gasturbine(35 1.5010 5 MWe)withheatrecuperatortopoweradistrict Tr ∞ Referencetransformityfor 0 heatingsystem electricalenergy Geo-Thermal Power - Tuscany, Italy 1 Standard section (20 MWe) based on a geo ESI 0 Nobenefittosocietyis ∞ thermalsystemmostlyconsistingofsuperheated obtained water.Theplanthascoolingtowersandasystem 1 forcoldgasesreinjection. EF air ∞ Emissionsincompliance 0 Gas-Steam Combined - Verona, Italy withregulations Gas turbine (topping, 21 MWe) coupled with a 1 cogenerativesteamturbine(8.5MWe)bymeans EF water ∞ Emissionsincompliance 0 ofarecoveryboiler.Thesystemalsoincludesa withregulations districtheatingsystem. 1 Hydroelectric - Castrocucco, Italy IP 0 Noeconomicprofitis ∞ 2 Pelton turbines on vertical axis (45 MWe obtained each).Therelatedwatersystem holdsanatural 0.06 productivenessof140GWhonayearlybasis IRR 0 Averagevalueinfinancial ∞ market Results are shown in Figure 2 andleadto 14.3€/GJ someobservationsaccording toeachviewpoint. 1998averageestimated Even if separate information are already well c ∞ 0 Italianproductionpriceof known,inthispapertheattentionispaidtothe electricity understandingoftherelativeimportanceandthe 0.5 mutualinfluenceofperformances. f 01 Thisscaleisvalidonlyfor 0.5 Thehighenergyandexergyefficiencies(in plantsrunningonfossilfuels a wide sense) for the hydroelectric plant are 4. Graphical Representation concernedwithaconversionprocesswhereinput and output energy have the same quality in

Agraphicalrepresentationoftheindicators exergy terms. εraw shows the convenience in allowstheanalysttoformulateanimmediateand using a renewable form of energy as primary intuitivejudgementontheplantbehaviourfrom input (hydro and geothermal). For the plants everyviewpoint. powered by fossil fuels, i S and ε are useful to Thisrepresentation( Figure 2 )consistsofa evaluate the fuel exploitation, which is pieshaped chart with radial axes, one for each particularly good in combined cycles and co indicator. In this way all the results of the generativeplants. analysis are visualised simultaneously, properly 116 Int.J. Applied Thermodynamics, Vol.3 (No.3) f In evaluating the indicators, according to 1,00 h c each theory, some considerations, based on the previous analysis, can be employed. Several 0,00 studies have been carried out about the z IP importance of operation compared to

-1,00 construction and decommissioning phases; Riva etal.(1998)showedthat,when fossilfuelsare used, the influence, in economic terms, of zpot -2,00 IRR environmental pollution during the operation process is far greater than that due to decommissioning. Brown et al. (1998) came to analogousconclusionusingtheemergyanalysis eraw EFair showingthattheoperatingphaseheavilyaffects sustainability of power plants running on fossil

Tr EFwater fuels and, in general, the importance of the construction emergy input is inversely ESI proportional to the concentration of emergy in Thermal power Co-generative Geo-thermal power Gas-Steam Combined thesupportingemergyflow. Hydroelectric Thispaperstressedtheimportanceofusing Figure 2. Graphic representation of the several indicators of performance to provide results for the case studies clear and easytounderstand key information. Nevertheless,a global parameter γoftheoverall Becauseoftheproductionofmorethanone plant performances may be calculated by useful outputs, combined and cogenerative averaging the normalised values of the plantsareattractivefromtheeconomicpointof indicators. However, because of the relevant view. The thermal power plant is penalised by simplification implied by this operation, the the large number of facilities typical of an oil informationobtainedmightbemisleading. plant,morecomplexandexpensivethaninagas fuelledplant.Concerningthehydroelectricplant, TABLEV.EVALUATIONOFAGLOBAL even if generalisation about investment cost is PARAMETER γ:ANEXAMPLE almost impossible since every site involves Stressedparameters Avera different civil and hydraulic works, some Planttype Enviro Econo Energ ge considerations are worthwhile. The economic nment my y analysis is not favourable mainly because the Thermalpower 0.017 0.133 0.078 0.005 realconstructiontimefortheplantathandwas Cogenerative 0.088 0.017 0.142 0.138 much longer than estimated and so were the Geothermal 0.401 0.478 0.413 0.312 costs. Combined 0.247 0.195 0.273 0.275 The exergoeconomic factor f shows the Hydroelectric 0.540 0.556 0.445 0.617 convenienceofrecentandadvancedplants,like combinedandthermalpower(theconsideredco Whensomeprioritieshavetobeexplained, generativeplantisratherold).Thisparameteris a“scaleofrelevance”foreachindicator,orfora notverysignificantforthehydroelectricandgeo groupofindicators,couldalsobesupposed,thus thermalpowerplants. leadingtoaweightedsum.Byassigningdouble Consideringtheemissionofpollutants,itis countingvaluetothestressedparameters,several evident that the hydro plant is the most examples of weighted average are proposed in favourable. Also the geo thermal power has a TABLEV. goodbehaviourbutitmustbeobservedthatthe Although the hydroelectric plant generally air quality indicator does not evaluate some has good behaviour, its convenience decreases pollutingsubstances,peculiarforthisclass:other wheneconomicissuesarestressed.Geothermal specificparametersshouldbeconsidered.Plants power, cogenerative and combined plants are running on natural gas have reduced emissions generally convenient when economic results among the combustion plants; but the emergy havegreatimportance. analysis shows low sustainability (even lower than that of the oil plant), probably because a 6. Conclusions large amount of nonrenewable resources and A method for an effective evaluation of importedresourcesareused energy conversion plants, considering the Moreover, emergy analysis shows that the energetic, environmental and economic aspects, naturalresourcesinvolvedinthehydroplantare has been proposed. Theassessment ofenergetic relevant(greaterthaninthegeothermalplant). Int.J. Applied Thermodynamics, Vol.3 (No.3) 117

performances, environmental impact and Subscripts economic cost can be obtained by means of i ithpollutantsubstance suitable indicators, each one emphasising a in Input specificaspect,ortakingintoaccounttheoverall n Deliveredproducts behaviour, as a matching of all the previous out Output parameters. The indicators selected by the raw Raw,nonrenewableenergy(exergy) authors are taken from wellknown methods or t Nonusedproducts defined in the paper and are able to supply F Feedback different quality or degree of information. A N Nonrenewable propercombinationofalltheindicatorsandtheir R Renewable visualrepresentationinacircularcharthelpsthe Y Yield policy maker address his/her choices, the engineer improvethe design,the plant manager References or operator perform the operation of a plant correctly. Badino V, Baldo G.L., 1998, LCA, Instructions for use (initalian),Bologna:ProgettoLeonardo No method allows automatic plant Ed. optimisation: in the authors’ opinion, trials to obtainthisresultmaynotbesuccessful,because Brown M.T, Ulgiati S., 1997, “Emergybased toomanyconstraintsandvariablesareinvolved Indices and Ratios to Evaluate Sustainability: in the choice of a plant, in the design and Monitoring Economies and Technology toward arrangement ofits components, in the selection Environmentally Sound Innovation”, Ecological of its operation modes. The method suggested Engineering ;9;ElsevierScienceB.V.:5169. here can help find a good compromise among Brown M.T, Ulgiati S., 1998, “Emergy different requirements, remembering that the Evaluation of the Environment: a Qualitative “best absolute solution” of this problem, Perspective on Ecological Footprints”, Proc. of probably,doesnotexist. Advances in Energy Studies ,PortoVenere:223 240. Acknowledgements ElSayedY.M,TribusM.,1983,“StrategicUse The authors wish to thank Professor S. of Thermoeconomics for Systems Ulgiati, University of Siena, Italy, for helpful Improvement”, Efficiency and Costing–Second discussionabouttheemergyanalysis. Law Analysis of Processes : American Chemical Financialsupporttothisworkwassupplied SocietySymposium Series, R. A. Gaggioli Ed.: by MURST (Italian Ministry of University and 235. Scientific Research), which is gratefully EParliamentandEUCouncil,December71988, acknowledgedbytheauthors. Dir. 88/609/EC. O.J. of EC L336 . Nomenclature EParliamentandEUCouncil.Dir,December24 RomanCharacters 1994, 94/66/EC. O. J. of E.C. L337 . Federal Register. Revised July 1 ,1999. Title 40 , cF Fuelcostperexergyunit,€/J i Discountrate Vol.5,Part58:287291. B Exergy,W Frangopoulos C.A., 1984, “Thermoeconomic E Energy,W FunctionalAnalysis:anInnovativeApproachto Em Emergy,semJ Optimal Design of Thermal Systems”, Second F Fuelexergy,W Law Aspects of Thermal Design : ASME HTD; I Exergylosses,W 33:BejanandReadEd. I Capitalcost,€ o LazzarettoA, MacorA, MirandolaA, Stoppato Li Emissionlimit NPV NetPresentValue,€ A., 1998, “Potentialities and Limits of Exergoeconomics Methods in the Design, P Exergyofdeliveredproducts,W Analysis and Diagnosis of Energy Conversion Si Emissionlevel Z RateoflevelizedcapitalandO&Mcost, Plants”, Proc. of Advances in Energy Studies , €/s PortoVenere:515530. LazzarettoA, MacorA, MirandolaA, Stoppato Greekcharacters A., 1999, "LifeTime Oriented" Design and η Energeticefficiency OperationofEnergyConversionPlants:Criteria ζ Exergeticefficiency and Procedures. Proc. of the ASME Advanced € Euro Energy Systems Division, ASME WAM; AES

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