Bridging the gap between concepts derived from Second Law of Thermodynamics and their application to Engineering practice, the property exergy and the exergy balance can be a tool for analyzing and improving the performance of energy conversion processes. With the exergy analysis it is possible to evaluate the performance of energy conversion processes not only on a thermodynamics basis but also by including production costs and environmental aspects and impacts of the studied processes. This comprehensive approach of the use of energy has, as one of the most important feature, the...