The potential performance of optimized gas-steam combined cycles built arou
nd latest-generation gas turbine engines is analyzed, by means of energy/ex
ergy balances. The options here considered are the reheat gas turbine and t
he H-series with closed-loop steam blade cooling. Simulations of performanc
e were run using a well-tested Modular Code developed at the Department of
Energy Engineering of Florence and subsequently improved to include the cal
culation of exergy destruction of all types (heat transfer, friction, mixin
g, and chemical irreversibilities). The blade cooling process is analyzed i
n derail as it is recognized to be of capital importance for performance op
timization. The distributions of the relative exergy destruction for the tw
o solutions-both capable of achieving energy/exergy efficiencies in the ran
ge of 60 percent-are compared and the potential for improvement is discusse
d.