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Abstract: In this study, a modified exergoeconomic model is proposed for geothermal power plants using exergy and cost accounting analyses, and a case study is in this regard presented for the Tuzla geothermal power plant system (Tuzla GPPS) in Turkey to illustrate an application of the currently modified exergoeconomic model. Tuzla GPPS has a total installed capacity of 7.5 MW and was recently put into operation. Electricity is generated using a binary cycle. In the analysis, the actual system data are used to assess the power plant system performance through both energy and exergy efficiencies, exergy losses and loss cost rates. Exergy efficiency values vary between 35% and 49% with an average exergy efficiency of 45.2%. The relations between the capital costs and the exergetic loss/destruction for the system components are studied. Six new exergetic cost parameters, e.g., the component annualized cost rate, exergy balance cost, overall unavoidable system exergy destruction/loss cost rate, overall unavoidable system exergy destruction/loss cost rate, overall unavoidable system exergy production cost rate and the overall unavoidable system exergy production cost rate are studied to provide a more comprehensive evaluation of the system. [Copyright &y& Elsevier]

Abstract: This paper presents an application of an exergoeconomic model, through exergy and cost accounting analyses, to the Gonen geothermal district heating system (GDHS) in Balikesir, Turkey for the entire system and its components. This exergoeconomic model is used to reveal the cost formation process and the productive interaction between components. The exergy destructions in the overall Gonen GDHS are quantified and illustrated for a reference temperature of 4°C. The results indicate that the exergy destructions in the system occur primarily as a result of losses in the cooled geothermal water injected back into the reservoir, pumps, heat exchangers, and pipelines. Total exergy destruction and reinjection exergy of the cooled geothermal water result in 1010kW (accounting for 32.49%), 320.3kW (accounting for 10%) of the total exergy input to the Gonen GDHS, respectively. Both energy and exergy efficiencies of the overall Gonen GDHS are also investigated to analyze the system performance, as these efficiencies are determined to be 42% and 50%, respectively. It is found that an increase of the load condition leads to a decrease in the overall thermal costs, which will result in more cost-effective energy systems for buildings. [Copyright &y& Elsevier]