Economic Feasibility Study of Micro Gas Turbine Cogeneration Systems by an Optimization Approach

Economic characteristic of micro gas turbine cogeneration systems for commercial and public purposes is evaluated rationally by an optimization method. The number of multiple kinds of micro gas turbine cogeneration units, capacities of other pieces of equipment and utility maximum contract demands are determined so as to minimize the annual total cost in consideration of operational strategies for energy demand requirements. Numerical studies are carried out on systems installed in hotels or office buildings. Through the studies, the following are clarified: (a) the relationships between the number of the installed micro gas turbine cogeneration units and the maximum electricity demands of hotels and office buildings, and (b) the economic effects of the micro gas turbine cogeneration units.