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In this study the specific exergy costing (SPECO) approach is employed on a four-step integrated thermochemical copper-chlorine (Cu Cl) cycle for hydrogen production for a second-law based assessment purposes. The Cu–Cl cycle is considered as one of the most environmentally benign and sustainable options of producing hydrogen and is thus investigated in this study due to its potential of ensuring zero greenhouse gas (GHG) emissions. Several conceptual Cu–Cl cycles have been exergoeconomically examined previously, however this study aims at investigating the four-step integrated Cu–Cl cycle developed at the Clean Energy Research Laboratory (CERL) at the Ontario Tech University thereby contributing to the thermo/exergoeconomic assessments of the thermochemical hydrogen production. In this study, the cycle is first thermodynamically modeled and simulated in a process simulation software (Aspen Plus) through exergy and energy approaches. The basic principles of the SPECO methodology are applied to the system and exergetic cost balances are performed for each cycle component. The exergetic costing of each cycle stream is then performed based on the cost balance equations. The purchased equipment cost and the hourly levelized capital cost rates for each cycle component is also obtained. The exergoeconomic factor, relative cost difference and exergy destruction cost rate for various cycle components are also evaluated. Moreover, the effect of several parameters on the total and hourly levelized capital cost rates is analyzed by performing a comprehensive sensitivity analysis. Based on the analysis, the exergy cost, the unit or specific exergy cost, and the unit costs of hydrogen are evaluated to be 6407.55 $/h, 0.042 $/MJ, and 4.94 $/kg respectively. • Exergoeconomic analysis of an integrated copper-chlorine thermochemical cycle. • Application of the specific exergy costing (SPECO) approach. • Unit cost of hydrogen estimated to be 4.94 $/kg. • Hydrogen production capacity of 1296 kg/h. [ABSTRACT FROM AUTHOR]

In this study, an exergoeconomic analysis is performed on an integrated four-step thermochemical copper-chlorine cycle developed at the Ontario Tech. University through exergy, cost, energy, and mass (EXCEM) method. A thermodynamic model is first constructed in Aspen-plus (a process simulation software) to simulate and investigate the integrated cycle through exergy and energy analyses. The capital costs, thermodynamic loss rates, and the ratio of the thermodynamic loss rate to the capital cost of various system's components are also determined. Moreover, the average unit cost of hydrogen is evaluated and the influence of several system's parameters on the unit cost of hydrogen is analyzed. The results show that the cost of hydrogen is strongly dependent on the production capacity of the plant. Based on the analysis, our system generates hydrogen at an average unit cost of 5.54 $/kg with a plant capacity of 1619.3 kg/h considering both internal (operating and maintenance costs, etc.) and external (costs of various inputs, etc.) parameters. • Exergoeconomic analysis of a new thermochemical copper-chlorine cycle. • Application of the exergy, cost, energy, and mass (EXCEM) method. • The average unit cost of hydrogen estimated to be 5.54 $/kg. • Hydrogen production capacity of 1619.3 kg/h. [ABSTRACT FROM AUTHOR]