Solar aided power generation from coal fired power stations: THERMSOLV software

Although the thermodynamic advantages of using solar energy to replace the bleed off steam in the regeneration system of Rankine cycle coal fired power stations has been proven theoretically, the practical techno/economic feasibility of the concept has yet to be confirmed relative to real power station applications. To investigate this concept further, a computer modelling software “THERMSOLV” was developed by Deakin University researchers, together with the support of the Victorian power industry and Australian Research Council (ARC). This newly developed software simulates the steam cycle to assess the techno/economic merit of the solar aided concept for various power station structures, locations and local electricity market conditions. Two case studies, one in Victoria Australia and one in Yunnan Province, China, have been carried out to show the application of the software. This paper reports the structure and functions of the software, and the results of the two case studies.

Using geopolymer to minimise metals leaching from brown coal fly ash

Fly ash is generated from combustion of brown coal in power stations. The majority of fly ash is removed by electrostatic precipitators (ESP) and finally disposed into the landfill as prescribed wastes. A method was studied to add clay materials to the brown coal fly ash in order to form the so-called geopolymer network, which is effective at stopping the metal contents from leaching, and have minimum impact to the environment. The experiments were conducted parallel on leached fly ash and dry precipitator fly ash. The ratios of fly ash and added clay materials were varied to determine the effects of different compositions on leaching rates. Both X-ray diffraction analysis and scanning electron microscopy images showed that as the percentage of fly ash was increased, the formation of geopolymer is reduced. Eighteen metals and heavy metals were targeted during the leaching tests and the leachate samples were analysed using ICP-AES and ICP-MS. It was found that the reduction of metal leaching was achieved by adding up to 60% of fly ash to form the geopolymer like structure. Significant reductions were observed for calcium, strontium and barium. Leached fly ash achieved better stabilisation than dry precipitator fly ash for major elements. It's hard to quantify its effects on trace metals leaching due to their ultra low concentration in the fly ash. The samples spiked with trace metals of lead, zinc, mercury and barium showed remarkable reduction in leaching.

Designing the temporal aspects of the user interface: Views from the coal face

We aim to support user interface designers in capturing, representing and reasoning about temporal information. We have developed a method to support user interface designers in considering how the temporal aspects of software impact the user. Importantly the method is based on a detailed analysis of data from a set of situated interviews that capture the views of practicing user interface designers. This paper discusses the background research and the motivation for the method.

Post-extinction brachiopod faunas from the late Permian Wuchiapingian coal series of South China

This paper describes fourteen brachiopod species in eleven genera from the Late Permian Wuchiapingian Coal Series (Lungtan Formation) of South China. Of these, the shell bed fauna from the basal Lungtan Formation is interpreted to represent the onset of the recovery of shelly faunas in the aftermath of the Guadalupian/Lopingian (G/L) mass extinction in South China. The post-extinction brachiopod faunas in the Wuchiapingian are characterized by the presence of numerous Lazarus taxa, survivors, and newly originating taxa. These elements capable of adapting their life habits were relatively more resistant to the G/L crisis. The post-extinction faunas, including survivors and the elements originating in the recovery period, have no life habit preference, but they were all adapted to a variety of newly vacated niches in the Late Permian oceans. Two new species, Meekella beipeiensis and Niutoushania chongqingensis, are described, and two Chinese genera, Niutoushania and Chengxianoproductus, are emended based on re-examination of the type specimens and new topotype materials from the Lungtan Formation.

The cost of granting executive stock options with strike prices adjusted by the cost of capital

Purpose – The purpose of this paper is to estimate the cost of granting executive stocks with strike prices adjusted by the cost of capital.

Design/methodology/approach – In the paper a Monte Carlo simulation approach developed in Longstaff and Schwartz is used in conjunction with the subjective valuation model developed in Ingersoll to value these executive stock options that are subject to performance hurdles.

Findings – The paper finds that standard European Black-Scholes-Merton option values overstate the true cost to the firm of granting these executive stock options. The option values also decrease with a higher dividend yield, a higher performance hurdle, a longer vesting period, and a shorter maturity.

Research limitations/implications – While the study in the paper is limited to the valuation of executive options, the methodology can be used to study incentive effects of executive stock options that have a performance hurdle.

Practical implications – The approach used in this paper to estimate the cost of granting executive stock options is a clear improvement over standard European option pricing approaches that often result in biased estimates.

Originality/value – This paper presents a first attempt to integrate the Ingersoll utility-theoretic model and the Longstaff and Schwartz least squares Monte Carlo algorithm to estimate the subjective value and the objective cost of executive stock options with a performance hurdle. This valuation approach will be useful in the study of other types of executive compensation.

Utilising solar energy within conventional coal fired power stations

Although the thermodynamic advantages of using solar energy to replace the bled off steam in the regeneration system of Rankine cycle coal fired power stations has been proven theoretically, the practical techno/economic feasibility of the concept has yet to be confirmed relative to real power station applications. To investigate this concept further, computer modelling software “THERMSOLV” was specifically developed for this project at Deakin University, together with the support of the Victorian power industry and Australian Research Council (ARC). This newly developed software simulates the steam cycle to assess the techno/economic merit of the solar aided concept for various power station structures, locations and local electricity market conditions. Two case studies, one in Victoria Australia and one in Yunnan Province, China, have been carried out with the software. Chapter one of this thesis defines the aims and scope of this study. Chapter two details the literature search in the related areas for this study. The thermodynamic concept of solar aid power generation technology has been described in chapter three. In addition, thermodynamic analysis i.e. exergy/availability has been described in this chapter. The “Thermosolv” software developed in this study is detailed in chapter four with its structure, functions and operation manual included. In chapter five the outcomes of two case studies using the “Thermosolv” software are presented, with discussions and conclusions about the study in chapters 6 and 7 respectfully. The relevant recommendations are then made in chapter eight.

Stabilisation of brown coal fly ash using geopolymers

This research explores geopolymer technology as a means of stabilising fly ash from power stations. By controlling the synthesis process, geopolymeric materials incorporating fly ash were synthesised. Successful stabilisation of strontium and barium was achieved, though attributed to side reactions. The geopolymer did not contribute significantly to stabilisation of fly ash.

Acid drainage, limnology and bioremediation of western Victorian coal mine lakes

Rehabilitation of Alcoa's Anglesea open cut brown coal mine to a healthy lake has many environmental challenges. The study of regional acid drainage, limnology of Wenslydale Coal Mine Lake and passive bioremediation of acid mine water has shown that a healthy lake can be created.

Multi-point and multi-level solar integration into a conventional coal-fired power plant

Solar-aided power generation (SAPG) is capable of integrating solar thermal energy into a conventional thermal power plant, at multi-points and multi-levels, to replace parts of steam extractions in the regenerative Rankine cycle. The integration assists the power plant to reduce coal (gas) consumption and pollution emission or to increase power output. The overall efficiencies of the SAPG plants with different solar replacements of extraction steam have been studied in this paper. The results indicate that the solar thermal to electricity conversion efficiencies of the SAPG system are higher than those of a solar-alone power plant with the same temperature level of solar input. The efficiency with solar input at 330 °C can be as high as 45% theoretically in a SAPG plant. Even the low-temperature solar heat at about 85 °C can be used in the SAPG system to heat the lower temperature feedwater, and the solar to electricity efficiency is nearly 10%. However, the low-temperature heat resource is very hard to be used for power generation in other types of solar power plants. Therefore, the SAPG plant is one of the most efficient ways for solar thermal power generation.