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This paper presents a dynamic simulation model and an energetic and economic analysis of novel polygeneration system. The system integrates: cogenerative Proton Exchange Membrane Fuel Cell (PEMFC), Concentrated PhotoVoltaic-Thermal (CPVT) collectors, alkaline electrolyzer and single-stage LiBr/H₂O absorption chiller. The plant is designed to supply electrical energy, space heating or cooling and domestic hot water for a small university building. The system produces hydrogen and oxygen, the first one is stored and then it is supplied to the fuel cell, while the second one is sold. The electrolyzer system is powered only by the CPVT collectors, only a small amount of the solar electrical energy is available to the user. Such electric energy along with the one produced by the PEM fuel cell are used by the user and/or supplied to the grid. The system is designed and dynamically simulated using TRNSYS …