Chemical-looping hydrogen generation (CLHG) is a chemical-looping combustion variant that allows simultaneous production of power and hydrogen. A thermodynamic analysis from the exergy method point of view of an integrated syngas-fueled CLHG cycle is carried out with the aim of contributing to the conceptual understanding and development of CLHG systems. The cycle working point is optimized in a range of conditions. The proposed system shows a very interesting potential for power, hydrogen and process heating coproduction with high efficiency.