Chemical and Biomolecular Engineering Research and Publications



Demirel 0000-0002-8183-0991

Date of this Version



International Journal of Energy Research (2006) 30: 1,001–1,012


Copyright © 2006, Wiley. Used by permission


A simple thermoeconomic analysis is performed for a seasonal latent heat storage system for heating a greenhouse. The system consists of three units that are a set of 18 packed-bed solar air heaters, a latent heat storage tank with 6,000 kg of technical grade paraffin wax as phase-changing material, and a greenhouse of 180m2. The cost rate balance for the output of a unit is used to estimate the specific cost of exergy for a yearly operation. Based on the cost rate of exergy, fixed capital investment, operating cost, and economic data, approximate cash-flow diagrams have been prepared. The systems feasibility depends on the cost rate of exergy, operating cost, internal interest rate, and rate of taxation strongly. A cash-flow diagram based on exergy considerations may enhance the impact of thermoeconomic analysis in feasibility studies of thermal systems.