This project aims at developing a computational tool which enables full thermoeconomic power plant development by integrating and optimising system performance with Life cycle costs and environmental impact.
This will provide improved economic competitiveness for the EU industry and also minimise harmful pollution on a global scale by identifying power generation system concepts that offer the biggest possible reductions in Life Cycle Costs, resource consumption and environmental impact.
The work will be focused on developing a flexible software tool that can perform complete techno-economic optimisation of many advanced gas turbine cycle concepts of recognised or perceived potential.
The tool will include a full economic and optimisation capability, which will be applied, in a series of case studies, to minimise the Life Cycle Costs, also leading to the identification of environmentally friendly systems.