Econometric and Environmental Optimization of Combined Cooling, Heating and Power Plant Operation

Abstract

Combined Cooling, Heat and Power (CCHP) systems have great potential to recover low-grade thermal energy, resulting in higher energy efficiency, reduced emission rates, lower operating costs and a higher level of energy security. In order to fully realize the benefits of CCHP systems in terms of reduced cost and carbon dioxide emissions, effective optimization and control strategies are required. This work presents an approach for optimizing the operation of the CCHP system using a detailed network energy flow model solved by genetic algorithm. The optimal energy dispatch algorithm provides operational signals associated with resource allocation ensuring that the systems meet campus electricity, heating, and cooling demands. The performance of the system will be compared and evaluated with respect to economic and environmental benefits

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