Multi-Dimensional Analysis of a Compressed Air Energy Storage-Based Cogeneration System Integrated with Geothermal Energy Utilizing Abandoned Oil and Gas Wells

To tackle the intermittency of renewable energy and realize the repurposing of abandoned oil and gas wells, this study proposes a compressed air energy storage (CAES)-based cogeneration system integrated with geothermal energy and abandoned oil and gas wells, and conducts a five-dimensional comprehensive analysis covering exergy, exergoeconomic, exergoenvironmental, economic and environmental performance. The optimal operating parameters are determined as air compressed to 200 bar, an ORC turbine inlet pressure of 16 bar and an inlet temperature of 110 °C. The system’s annual total power generation is 2,971,416.5 kWh during low-power daytime operation, and 20,131,785 kWh during high-power nighttime operation. Compared with conventional CAES systems, the proposed system reduces total exergy destruction by 4121.35 kW and increases exergy efficiency from 48.49% to 63.38%. Coolers, geothermal heat exchangers and compressors are the main sources of exergy destruction cost and capital investment, while COM1, HE1 and HOT1 are the key components causing environmental impacts. The system realizes cogeneration of power, hydrogen and pure water, with a static payback period of about 5.4 years and significantly reduced TEWI value at elevated turbine inlet pressure. This system achieves multi-objective synergies in energy efficiency, economy and environment, providing a feasible scheme for the green repurposing of abandoned oil and gas wells and cascaded utilization of renewable energy.