To facilitate the commitments of reducing greenhouse gas emissions will require the utilisation of renewable energy resources, as well as shifting away from a centralised generation. Distributed energy systems (DESs) are a promising alternative to conventional centralised layouts. Thus, there is a need for the development of models able to optimally design DES which show savings in cost as well as having a low carbon impact. Current literature focuses on the design optimisation of a DES through economical and environmental cost minimisation [1-4]. However, these two criteria alone do not show the complete picture and do not satisfy the long-term sustainability priorities. The inclusion of exergy analysis allows for the satisfaction of this criteria through the rational use of energy resources. The use of exergy analysis within DESs was first studied by [5], with a multiobjective approach whereby cost and exergy efficiency are considered. The novelty of this paper is twofold. The first is the investigation of exergy DES design optimisation through a multiobjective approach whilst considering the economic and environmental cost, thus making this work the first to simultaneously minimise three objective functions in the context of DES.
Distributed energy systems (DES) are promising alternative to conventional centralized generation, with multiple financial incentives in many parts of the world. Current approaches
focus on the design optimization of a DES through economic and environmental cost minimization. However, these two criteria alone do not satisfy long-term sustainability priorities of the system. The novelty of this paper is the simultaneous investigation of economic, environmental and exergetic criteria in the modelling of DES through the two most commonly used solution methodologies for solving multi-objective optimization problems – the weighted sum and the epsilon-constraint methods. Out of the set of Pareto optimal solutions, a best-compromised solution is chosen using the fuzzy-based method. Numerical results reveal reduction of around 93% and 89-91% in environmental and primary exergy input, respectively.