LCOE Alternatives: System Value and Other Profitability Metrics
This presentation was given at the 5th Wind Energy Systems Engineering Workshop.
17 WIND ENERGY↗
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Results for “levelized cost of energy”
Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.
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Analysis of the Impurity MgOHCl in Molten Chloride Salts Toward its Electrochemical Removal from CSP Plants During Operation
The work presented here is a study of the impurity MgOHCl in molten chloride salts, toward the eventual goal of electrochemically removing it from operational molten-chloride-based concentrating solar power (CSP) plants.1,2 Implementation of molten chloride salts as a heat transfer fluid is among the most promising pathways for decreasing the levelized cost of energy (LCOE) of CSP systems because its high thermal stability allows higher operating temperatures, and thus, greater efficiency. However, this impurity - formed when MgCl2 salts are exposed to air and moisture - cause significant corrosion of containment alloys.1 Therefore, we have developed and validated in a laboratory setting: 1) a method for the formation of MgOHCl for controlled impurity spike in molten salt for its further sensing, evaluation, and reduction; 2) evaluated its diffusion in the molten salt, and 3) began assessing its electrochemical properties. Our findings allow us to propose solutions for efficiently and instantly removing MgOHCl from an operational CSP plant.
concentrated solar power↗
2020 System Optimization Awardee: Pecos Wind Power
With support from the Competitiveness Improvement Project's System Optimization Award, Pecos Wind Power will help lower the cost of distributed wind technology and expand deployment. To do so, the company will optimize their PW85 distributed wind turbine to achieve a production levelized cost of energy of $0.099 per kilowatt hour, which is a 48% cost reduction in distributed wind energy costs. This reduction is a critical step toward Pecos Wind Power's ultimate target of $0.089 per kilowatt-hour. This fact sheet provides an overview of Pecos Wind Power's project, how the company will achieve the goals of the award, and how the project fits within the overall Competitiveness Improvement Project.
CIP↗
Designing a Monte Carlo Model with Python to Predict the Life Cycle Disposal Costs for Grid-Level Electrical Energy Storage Systems.
Abstract not provided.
Roberts-Baca, Samuel↗
2021 Prototype Manufacture and Installation Awardee: Pecos Wind Power, Inc.
Through the 2021 Competitiveness Improvement Project (CIP), Pecos Wind Power will manufacture a prototype of its 85-kilowatt (kW) horizontal-axis distributed wind turbine, the PW85, a new wind turbine that began development in 2017 when the company was founded. The PW85 wind turbine includes an industry-leading rotor diameter (30 meters) and full-span variable pitch blades to target a levelized cost of energy (LCOE) of $0.103/kilowatt-hour in low annual wind speeds (6 meters per second). This is 55% lower than the average small wind turbine project installed in 2018. The goal of this project is to spur the development of increasingly lower-cost, high-capacity-factor distributed wind turbines. As a result, Pecos Wind Power will manufacture and install wind turbines that increase the geographic area in which distributed wind power is cost competitive with retail-priced electricity and other distributed energy resources - primarily solar energy.
CIP↗
2021 Prototype Testing Awardee: Sonsight Wind
For small wind turbines - those under 10 kilowatts (kW) in generating capacity - the combined costs for turbines, towers, foundations, power electronics, installation, and maintenance can result in a high levelized cost of energy (LCOE). This makes it difficult for small wind turbines to gain a foothold in the distributed energy revolution currently being led by solar power. Sites with high average wind speeds generally allow lower LCOE, but the vast majority of Americans live and work within more moderate-wind-speed areas, so small turbines should be cost effective to buy and use within such areas. Sonsight Wind's 3.5-kW horizontal-axis wind turbine (HAWT) is being developed to address these challenges.
CIP↗
Wind Plant Operations and Maintenance Challenges and Research Opportunities
Global wind industry has experienced tremendous growth during the past two decades and the trend does not appear changing in near future. However, the industry is still challenged by premature component failures and high operations & maintenance (O&M) costs, which can account for up to 35% of levelized cost of energy. It is imperative for the industry to improve performance, reliability and reduce O&M costs through advanced technologies, enabled by research in related disciplines, to be competitive. This talk will first briefly discuss the challenges with wind plant O&M, then give an overview of related NREL research in the areas of performance, reliability, and O&M cost modeling, finally touch on future R&D opportunities in related areas. The authors hope some of these challenges are of interested to and can be addressed by the INFORMS community in future.
costs↗
The Cost Drivers and The Most Time-Consuming Activities of the MARVEL Microreactor Project
This study aims to identify what drives cost and what project activities are the most time consuming within a microreactor project such as MARVEL. Identifying these cost and time drivers is necessary since nuclear projects are vulnerable to schedule delays and cost increases. This work also paves the way for possible cost reductions, decreasing the MARVEL levelized cost of energy and reducing the microreactors' construction time which in turn leads to a lower cost of interest during construction
21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
Techno-Economic Analysis: Impacts of PV Module Connector Failures on Cost and Performance of Utility Scale Photovoltaic Systems
This presentation describes results of Techno-Economic Analysis: to quanitfy Impacts of PV Module Connector Failures on Cost and Performance of Utility Scale Photovoltaic Systems, with example of 100 MW Utility Scale PV System. Results indicate impact on Levelized Cost of Energy on the order of $1.22/MWh in the example.
connector↗
Comparative techno-economic assessment of osmotically-assisted reverse osmosis and batch-operated vacuum-air-gap membrane distillation for high-salinity water desalination
New developments in pressure- and thermally driven membrane desalination technologies offer the potential to cost-effectively treat high-salinity waters, especially when powered by low-cost solar electricity and thermal energy. This paper presents a comparative techno-economic assessment of the state-of-the-art most promising pressure- and thermally driven membrane technologies for high recovery desalination, namely, osmotically-assisted reverse osmosis (OARO) and batch-operated vacuum-air-gap membrane distillation (batch V-AGMD), to produce potable water while concentrating brine within the range of 140–290 g/L TDS for minimum-liquid-discharge (MLD) and zero-liquid-discharge (ZLD) applications. It is shown that both OARO and batch V-AGMD can treat feedwater and brines with TDS in the range of 30–125 g/L with corresponding fresh water recovery rates of 85–25%. When low cost solar electricity and thermal energy are used, the resulting levelized cost of water (LCOW) from OARO is in the range of 0.70–6.28 $/m 3 , and that from batch-V-AGMD is in the range of 1.74–2.77 $/m 3 . OARO is more cost-effective than batch V-AGMD when feedwater salinity is below 70 g/L and recovery below 75%, whereas batch V-AGMD is more cost-effective at higher recovery rates and salinity levels. Finally, the sensitivity of this comparison on energy prices and module costs is discussed.
42 ENGINEERING↗
Navigating Economies of Scale and Multiples for Nuclear-Powered Data Centers and Other Applications with High Service Availability Needs
Nuclear energy is increasingly being considered for such targeted energy applications as data centers in light of their high capacity factors and low carbon emissions. This paper focuses on assessing the tradeoffs between economies of scale versus mass production to identify promising reactor sizes to meet data center demands. A framework is then built using the best cost estimates from the literature to identify ideal reactor power sizes for the needs of the given data center. Results should not be taken to be deterministic but highlight the variability of ideal reactor power output against the required demand. While certain advocates claim that with the gigawatts of clean, firm energy needed, large plants are ideal, others advocate for SMRs that can be deployed in large quantities and reap the benefits from learning effects. The findings of this study showcase that identifying the optimal size for a reactor is likely more nuanced and dependent on the application and its requirements. Overall, the study does show potential economic promise for coupling nuclear reactors to data centers and industrial heat applications under certain key conditions and assumptions.
22 GENERAL STUDIES OF NUCLEAR REACTORS↗
Renewable Energy Potential Model: Hawaii Geothermal Supply Curves
This dataset extends the development of the Renewable Energy Potential (reV) model to include geothermal energy, with a specific focus on Hawaii. Provided here are the results of two scenarios that were modeled for geothermal energy in Hawaii: binary enhanced geothermal systems (EGS) at a depth of 2.5 km and hydrothermal binary systems at a depth of 1.5 km. The resource data for both scenarios were derived from Lautze and Haskins (2024) using an exponential method. The PFA probability of heat map was used as a look up table for which temperature gradient to use (Lautze and Haskins, 2024). The dataset provides geospatial and techno-economic details for evaluating geothermal energy potential. It includes spatial coordinates, estimated capacity factors, developable area, resource potential, and annual energy production metrics. Economic details such as levelized cost of electricity (LCOE), site development costs, transmission costs, and fixed-charge rates are also included. The reV model, originally developed for wind and solar energy, incorporates these variables to evaluate deployment constraints related to land use, environmental and cultural factors, and grid integration.
15 GEOTHERMAL ENERGY↗
Thermal Conductivity of a Novel Salt-Hydrogel Complex as a Phase Change Material for Building Thermal Management
Use of electricity for space heating, ventilation and air conditioning in buildings may be better managed through temporary energy storage. Compared with electrochemical storage, the levelized cost of thermal energy storage systems can be lower depending on geographical location and thermophysical properties [1]. In any phase change material (PCM), the rate of absorption and release of thermal energy increases with higher thermal conductivity [2]. However, leading PCMs like paraffin waxes have thermal conductivities on the order of 0.1 W/mK. Glauber’s salt, a salt hydrate, possesses a relatively high thermal conductivity but suffers from supercooling and phase segregation. Research has shown that polymer-based composites with salt hydrates can prevent phase segregation and limit supercooling over hundreds of cycles [3] though the thermal conductivity of the composite may be reduced leading to low energy storage rates. Here, we report thermal conductivity measurements on polymer hydrogels which are stable in solutions of Glauber’s salt. To measure thermal conductivity of soft gels, we use a 3-omega method [4] where heat flows bidirectionally through a substrate below and through a gel placed on top. This suits measurements of both gels and liquids unlike transient plane heat source or transient hot wire methods. We report measurements of thermal conductivity of salt-hydrogel complexes as a function of temperature, cross-linking and salt concentration. In addition, we present modeling of thermal conductivity of sodium sulfate solutions with available theories. We finally employ polarized optical microscopy to observe inside the transparent hydrogel networks, showing that precipitating crystals may influence thermal conductivity measurements for high salt concentrations. Our thermal conductivity results combined with enthalpy of phase change, mass density and specific heat are essential to accurately design thermal storage systems for energy-efficient buildings.
composite, thermal conductivity↗
2023 Annual Technology Baseline (ATB) Cost and Performance Data for Electricity Generation Technologies
These data provide the 2023 update of the Electricity Annual Technology Baseline (ATB). Starting in 2015 NREL has presented the ATB, consisting of detailed cost and performance data, both current and projected, for electricity generation and storage technologies. The ATB products now include data (Excel workbook, Tableau workbooks, and structured summary csv files), as well as documentation and user engagement via a website, presentation, and webinar. Starting in 2021, the data are cloud optimized and provided in the OEDI data lake. The data for 2015 - 2020 are can be found on the NREL Data Search Page. The website documentation can be found on the ATB Website.
Array↗
2024 Annual Technology Baseline (ATB) Cost and Performance Data for Electricity Generation Technologies
These data provide the 2024 update of the Electricity Annual Technology Baseline (ATB). Starting in 2015 NREL has presented the ATB, consisting of detailed cost and performance data, both current and projected, for electricity generation and storage technologies. The ATB products now include data (Excel workbook, Tableau workbooks, and structured summary csv files), as well as documentation and user engagement via a website, presentation, and webinar. Starting in 2021, the data are cloud optimized and provided in the OEDI data lake. The data for 2015 - 2020 are can be found on the NREL Data Search Page. The website documentation can be found on the ATB Website.
Array↗
2021 Annual Technology Baseline (ATB) Cost and Performance Data for Electricity Generation Technologies
Starting in 2015 NREL has presented the Annual Technology Baseline (ATB) in an Excel workbook that contains detailed cost and performance data, both current and projected, for renewable and conventional technologies. The workbook includes a spreadsheet for each technology. This version of the workbook provides the final updates to data for the 2021 ATB. In 2019 and 2020, NREL has also provided selected data in Tableau workbooks and structured summary csv files. The data for 2015 - 2020 is located on https://data.nrel.gov. In 2021 and going forward, the data is cloud optimized and provided in the OEDI data lake. A website documents this and future data at https://atb.nrel.gov.
Array↗
2022 Annual Technology Baseline (ATB) Cost and Performance Data for Electricity Generation Technologies
These data provide the 2022 update of the Electricity Annual Technology Baseline (ATB). Starting in 2015 NREL has presented the ATB, consisting of detailed cost and performance data, both current and projected, for electricity generation and storage technologies. The ATB products now include data (Excel workbook, Tableau workbooks, and structured summary csv files), as well as documentation and user engagement via a website, presentation, and webinar. Starting in 2021, the data are cloud optimized and provided in the OEDI data lake. The data for 2015 - 2020 are can be found on the NREL Data Search Page. The website documentation can be found on the ATB Website.
Array↗
The Levelized Cost of Exergy Framework
Exergy is the amount of energy within a substance or within a transfer of energy that can be used to produce work or some other useful output when interacting with some reference environment. Two different energy systems that produce the same output with the same exergetic efficiency must necessarily have the same amount of exergy input, even if the amount of energy input to the two systems is vastly different. For example, a low-grade heat-driven desalination would require far more energy input than a reverse osmosis (RO) plant producing the same amount of water, but if their exergetic efficiencies were the same, they would require the same amount of exergy input. Thus, comparisons between different energy sources on the basis of energy is not always appropriate. Instead, a comparison on a per unit exergy basis provides more insight on the cost-effectiveness of different energy sources and systems. In this presentation, we describe a framework for analyzing the levelized cost of exergy (LCOEx) for both inputs and outputs of various energy systems. Our framework illustrates how the cost per unit exergy of a system's energy source, as well as the exergetic efficiency of the system, greatly affect the cost of the system output. We use the levelized cost of electricity as a benchmark value for LCOEx, due to electricity's ubiquity as an energy source, and because it is relatively inexpensive on a per unit exergy basis. The LCOEx of various heat sources are then compared to the LCOEx of electricity. Medium- and high-grade industrial heat (> 150 degrees C) produced by natural gas tends to have an LCOEx on par with electricity. This is due to the low cost of natural gas, as well as the high exergy content of heat at higher temperatures. Meanwhile, low-grade heat tends to be an expensive exergy source, owing to the low exergy content of the low-grade heat. We first apply our framework to desalination, where RO has come to dominate, due to the low LCOEx of the energy source (electricity) and relatively high exergetic efficiency of RO compared to thermal desalination systems. We then use this framework to highlight an opportunity for dehumidification systems to experience a similar cost improvement as desalination has. If an electrically-driven, high exergetic efficiency dehumidification system were developed (such as the membrane-based dehumidification systems proposed in literature), it would use a low cost exergy source with a high exergetic efficiency and could potentially lower the cost of dehumidification in the way that RO has done for desalination. Finally, we apply our framework to various fuels (natural gas, hydrogen, gasoline, etc.) and energy systems across different sectors (desalination, dehumidification, vehicles, etc.) to understand the variation in the cost of exergy input and exergetic efficiency of different systems and technologies.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗