The document discusses available energy, exergy, and irreversibility. It explains that:
1) According to the second law of thermodynamics, not all heat absorbed by a system can be converted to work. The maximum work that can be obtained from a heat source at temperature T is from a reversible Carnot engine.
2) The difference between the maximum reversible work and the actual work of an irreversible process is called irreversibility. Irreversibility is always positive and represents the increase in entropy in the system and surroundings.
3) Exergy represents the maximum useful work possible during a process that brings a system into equilibrium with its surroundings. It provides an upper limit on the amount of