Economic viability of high-performance cycle systems: Energy and cost efficiency insights
Energy Strategy Reviews, vol.59, 2025 (SCI-Expanded, Scopus)
- Publication Type: Article / Article
- Volume: 59
- Publication Date: 2025
- Doi Number: 10.1016/j.esr.2025.101675
- Journal Name: Energy Strategy Reviews
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Compendex, INSPEC, Directory of Open Access Journals
- Keywords: Economic viability, Energy cost efficiency, Exergy storage and efficiency, Heat transfer efficiency, High performance cycle system
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: Yes
Abstract
This study evaluates the economic viability of high-performance cycle systems through a comprehensive analysis of energy and cost efficiency factors in thermal energy storage technologies. Our research identifies significant cost-benefit advantages of innovative design approaches over conventional systems in industrial applications. Through rigorous economic modeling and performance testing, we analyzed operational efficiency, capital investment requirements, and long-term financial returns. Results demonstrate that the advanced designs deliver substantial economic benefits by reducing operational times by 33.2%, enhancing energy utilization rates by 48.4%, and improving overall system efficiency by 8.3% compared to traditional approaches. Optimized system configurations further enhanced performance metrics and cost-effectiveness. Our economic analysis reveals significant potential for operational cost reduction and energy efficiency improvements in industrial applications, with projected payback periods shortened by approximately one-third. These findings underscore the economic viability of implementing innovative designs in high-performance cycle systems, with implications for reducing operational costs, improving return on investment, and enhancing market competitiveness in energy-intensive industries. Future research directions include scaling applications for various industrial sectors and quantifying broader economic and sustainability impacts.