Thermo-economic analysis of organic Rankine cycle using a new two-stage solar collector with nanofluids.

• New two-stage collector coupling flat plate and parabolic trough types is designed. • Four nanofluids are added to enhance heat transfer performance of solar collector. • Cost reductions of two-stage collector are evaluated in organic Rankine cycles. • Unit cost of two-stage collector is 6.8% lower than parabolic trough collector. • Cu-oil nanofluid has the best heat transfer performance. The flat plate collector (FPC) has a low economic cost, while the parabolic trough collector (PTC) has a high heat collection temperature. To reduce costs, improve efficiency, and promote the use of solar energy, this study proposes a new two-stage solar collector that couples FPC and PTC. The main objective of this paper is to verify the performance of this two-stage solar collector when containing nanofluids. This collector drives the organic Rankine cycle (ORC) with four nanoparticles (Cu, CuO, TiO 2 , and Al 2 O 3) in the oil heat transfer fluid. The FPC outlet temperature in the two-stage solar collector is optimized, the exergy of ORC is analyzed, and the economics of the new system using nanofluid are calculated and compared with those of the new system without nanofluid. Results show that Cu-oil outperforms the other nanofluids in terms of heat transfer. At a rated output power of 5 kW, the new two-stage solar collector with 5 % Cu-oil can reduce economic costs by 6.8 % compared with a single PTC. Meanwhile, the ORC with a two-stage solar collector using 5 % Cu-oil reduces the economic costs by 5.7 % compared with the ORC equipped with PTC without nanofluid. The new system has a minimum payback period of 17.3 years, and increasing the output power of the ORC is beneficial for reducing the investment payback period of the system. [ABSTRACT FROM AUTHOR]