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The combined heat and power system is based on the principle of "cascade utilization of thermal energy" for system integration and optimization. The rational utilization of energy, as well as the rational arrangement of energy flow and the process optimization combination of the overall system are taken into account in order to achieve multifunctional goals in the field of thermal engineering. The present paper presents a detailed assessment of combined heat and power systems from above standpoints. This article is divided into two parts “CHP based on thermo-dynamic cycles” and “CHP based on non-thermodynamic cycles”. Each part is then classified based on power subsystem energy consumption efficiency (high or low), including Rankine cycle, ORC, Stirling cycle, gas turbine, reciprocating engine, PVT and fuel cell. The present paper also helps identify the research gaps in this area and provides direction on future studies on combined heat and power systems.

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