The project will not encompass the design of individual system components; instead, it will
focus on the selection of currently available components to promote efficiency, reliability, and
economic feasibility. Three potential power sources are considered: an internal combustion
engine-generator set, a gas turbine, and a high-temperature fuel cell. Furthermore, biofuels are
considered as energy sources for the gas turbine and the internal combustion engine. Each
system is modeled thermodynamically using engineering equation solver (EES) software. The
optimum operational strategy for each system is then determined by maximizing the internal rate
of return from the initial capital investment using an economic model that was created as part of
this study. The economic model allows for different energy pricing scenarios.