An energy conversion and management concept for a combined system of a solid oxide fuel cell coupled with a fuel reforming device is developed and analyzed by a thermodynamic and electrochemical model. The model is verified by an experiment and then used to evaluate the overall system performance and to further suggest an optimal design strategy. The unique feature of the system is the inclusion of the anode off-gas recycle that eliminates the need of external water consumption for practical applications. The system performance is evaluated as a function of the steam to carbon ratio, fuel cell temperature, anode off gas recycle ratio and CO2 adsorption percentage. For most of the operating conditions investigated, the system efficiency starts at around 70% and then monotonically decreases to the average of 50% at the peak power density before dropping down to zero at the limiting current density point. From an engineering application point of view, the proposed combined fuel reforming and SOFC system with a range of efficiency between 50% and 70% is considered very attractive. It is suggested that the optimal system is the one where the SOFC operates around 900 degrees C with S/C ratio higher than 3, maximum CO2 capture, and minimum AOG recirculation. (C) 2011 Elsevier Ltd. All rights reserved.