Search NASA⌕ Search

SEARCH · Search NASA

Results for “Levelized Cost Of Electricity”

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.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 55 records · Page 3

Heat Transfer Characteristics of Particle and Air Flow Through Additively Manufactured Lattice Frame Material Based on Octet-Shape Topology

Particle-to-supercritical carbon dioxide (sCO 2 ) heat exchanger is a critical component in next-generation concentrating solar power (CSP) plants. The inherently low heat transfer between falling particles and sCO 2 imposes a challenge toward economic justification of levelized cost of electricity produced through solar energy. Introduction of integrated porous media with the walls bounding particle flow has the potential to enhance the overall particle-to-sCO 2 heat exchanger performance. Here, this paper presents an experimental study on heat transfer characterization of additively manufactured lattice frame material based on Octet-shaped unit cell with particles and air as working fluids. The lattice structures were additively manufactured in stainless steel (SS) 316L and SS420 (with 40% bronze infiltration) via Binder jetting process, where the lattice porosities were varied between 0.75 and 0.9. The mean particle diameters were varied from 266 μm to 966 μm. The effective thermal conductivity and averaged heat transfer coefficient were determined through steady-state experiments. It was found that the presence of lattice enhances the effective thermal conductivity by 2–4 times when compared to packed bed of particles alone. Furthermore, for gravity-assisted particle flow through lattice panel, significantly high convective heat transfer coefficients ranging from 200 W/m2K to 400 W/m2K were obtained for the range of particle diameters tested. The superior thermal transport properties of Octet-shape-based lattice frame for particle flow makes it a very promising candidate for particle-to-sCO 2 heat exchanger for CSP application.

14 SOLAR ENERGY↗

Evaluation of Ceramic Heat Exchanger for Next-Generation Concentrated Solar Power

The U.S. Department of Energy has identified a third generation of concentrated solar power (Gen3 CSP) technologies to minimize cost of CSP produced electricity. By developing these technologies further, it is forecasted that Gen3 CSP will meet the levelized cost of electricity (LCOE) SunShot target of 6 cents/kWh to compete with dominant, conventional nonrenewable energy sources (1). The focus for advancing CSP systems for Gen3 is to increase overall system efficiency. Thus, reevaluating second-generation systems, superheated steam-turbine power cycles, and implementing more advanced power cycles is essential. Specifically, it has been identified that a supercritical carbon dioxide (sCO 2 ) Brayton cycle can increase the net thermal-to-electric efficiency to over 50% for CSP power tower configurations (2). Compared to conventional superheated steam Rankine cycle systems, more extreme operating conditions are required and pose critical barriers to overcome in the field of materials and manufacturing for Gen3 CSP.

14 SOLAR ENERGY↗

Assessing geothermal/solar hybridization – Integrating a solar thermal topping cycle into a geothermal bottoming cycle with energy storage

Geothermal and concentrating solar power (CSP) technologies typically use heat at different temperatures in their commercial deployments. This enables a technically viable hybridization of a solar topping cycle and a geothermal bottoming cycle at locations where both resources are available. In this article, an underperforming geothermal power system based at Burley, Idaho is used as a baseline to investigate the technical and economic potential of such a hybrid cycle. A direct thermal energy storage (TES) system is also integrated to overcome the intermittency of the solar resource. Design and off-design behavior of key components are modelled to simulate the annual performance of the hybrid system on an hourly basis. The sizing of the solar field and thermal storage is investigated and is seen to significantly impact the annual electricity generation and efficiency. Various cost scenarios for the solar field and thermal energy storage are investigated. An economic metric - levelized cost of electricity (LCOE) - is used to optimize the solar field sizing and TES capacity. The hybrid plant converts the additional solar heat input into additional work with an efficiency of 32.9%. Retrofitting a geothermal plant with solar and eight hours of energy storage can achieve an LCOE of 0.136 $/kWhe in current cost scenarios and 0.081 $/kWhe in a future cost reduction scenario. Although the hybrid system cannot directly compete with current PV systems without batteries, it has an LCOE 32% lower than that of a PV-battery system. This paper provides insights into the research and development of the future grid with a high renewable energy penetration and encourages further study of energy hybridization for improved efficiencies and economics.

15 GEOTHERMAL ENERGY↗

NG-CT Peaker Upgrades with Bottoming Cycle: Preliminary Analysis

The National Energy Technology Laboratory (NETL) has conducted a preliminary analysis exploring a significant opportunity to increase the nation's power grid capacity and reliability. The study focuses on retrofitting under-utilized natural gas combustion turbines (NG-CTs), often called "peaker" plants, with a bottoming cycle to capture waste heat and generate additional electricity. This analysis shows that upgrading these existing assets could add approximately 26,250 MW of new power capacity across the United States. A detailed study of the PJM Interconnection, the nation's largest grid operator, confirmed the benefits of these upgrades. Key findings for the PJM region include: - A median increase in the plants' capacity factor by 17 percentage points. - A projected 36.2% median reduction in the levelized cost of electricity (LCOE) for the upgraded plants, with nearly 88% of them expected to break even. - An average reduction in the regional wholesale price of electricity by approximately 3.0% in the year 2030. - A significant boost to grid reliability, with a 46% reduction in projected Loss of Load Hours (LOLH). These findings suggest that retrofitting peaker plants is a promising and economically viable strategy to enhance grid performance, reduce electricity costs, and meet future demand without the challenges associated with building entirely new facilities.

bottoming cycle↗

The levelized cost of exergy: a technoeconomic framework for energy system comparison

While the levelized costs of electricity and heat have been quantified before, these two metrics cannot be directly compared, due to the different exergy content of heat and work. To address this, we develop a levelized cost of exergy (LCOEx) framework that enables direct comparisons between energy sources and processes. We find that moderate- and high-grade heat have an LCOEx that is comparable to electricity (5–10 ¢ per kWh ex ), while low-grade heat sources have much higher LCOEx values (>50 ¢ per kWh ex ). The LCOEx of a system's output is affected by (i) the LCOEx of the system input, (ii) the CAPEX of the system, and (iii) the exergetic efficiency of the system. We use our framework to identify which processes are already achieved with relatively high cost effectiveness (production of fuels, hydrogen, and ammonia) and which have room for improvement (dehumidification, food production).

08 HYDROGEN↗

Techno-economic Analysis of Novel PV Plant Designs for Extreme Cost Reductions

A techno-economic analysis is underway examining the cost and performance of future large-scale photovoltaic (PV) plant components, including bifacial modules, tandem modules, increased plant voltage architectures, and module-level power electronics. Integration of these components into PV plant designs is compared with current PV technologies based on levelized cost of electricity (LCOE). Baseline models are developed and validated against recorded PV plant performance data. Expected cost and performance data of future PV technologies are incorporated into the baseline models. An evolutionary algorithm is utilized to optimize PV plant configuration, technology combination, and LCOE. This paper focuses on the bifacial module analysis.

14 SOLAR ENERGY↗

Cost Assessment of Future Tandem Perovskite-Silicon Modules and LCOE Comparison to Silicon Technologies in Europe

Tandem perovskite-silicon (TPS) photovoltaic (PV) technology is a promising pathway for achieving higher efficiencies than those of single-junction crystal-silicon (c-Si) technologies. In this work, a techno-economic assessment of a TPS module is performed considering a viable large-scale manufacturing process for two future scenarios in 2025 and 2030 which allowed us to identify the main cost drivers of the tandem module cost. Furthermore, to analyse the performance of tandem module-based utility-scale PV systems and understand their competitiveness in Europe, the levelized cost of electricity was compared to passivated emitter and rear cell as well as silicon heterojunction based PV systems. The aim of this work is to provide a cost and performance guidance for TPS modules which could contribute to future PV energy systems.

ENERGY PLANNING, POLICY, AND ECONOMY,SOLAR ENERGY↗

Techno-economic implications and cost of forecasting errors in solar PV power production using optimized deep learning models

Accurate solar Photovoltaic (PV) power forecasting is important for enhancing both the performance and economic feasibility of PV systems. This study evaluates several deep learning models, including Dense Neural Networks (DNN), Long Short-Term Memory (LSTM), Convolutional Neural Networks (CNN), and a hybrid LSTMCNN model, for predicting PV power production one day in advance. Prior to optimization, the models exhibited relatively high errors, with the best model (DNN) achieving a Root Mean Square Error (RMSE) of 31.13 kW and a coefficient of determination (R 2 ) of 62.15 %. After employing Bayesian optimization, the LSTM-CNN model demonstrated the best performance, with the RMSE reduced to 9.79 kW and R 2 improved to 97.62 %, showcasing significant enhancement in predictive accuracy. Here, the economic evaluation considered three cases: rewards for underestimation (0.08 USD/kWh), no rewards, and penalties for both over-and underestimation (120 % of the utility tariff). In the rewards scenario, the LSTM-CNN model reduced the Levelized Cost of Electricity (LCOE) by 4 %, while in the penalty scenario, a backup diesel generator would have increased the LCOE by 49 %. Additionally, the LSTM-CNN model minimized financial losses, achieving the lowest penalties and maximizing net cash flow compared to other models, demonstrating its overall technical and economic superiority.

Deep learning↗

Annual Technology Baseline: ATB-calc Open Source Tools [Slides]

The Annual Technology Baseline (ATB) team will introduce the new open-source Python tools for processing and interacting with electricity ATB data and provide helpful user demonstrations, including how to: extract data from the ATB workbook and calculate levelized cost of electricity (LCOE) in Python; programmatically interact with and modify ATB data; and use the tools to modify the tax credit assumptions of the ATB to account for bonus credits from the Inflation Reduction Act of 2022.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Uncertainty Quantification and Sensitivity Analysis of Nuclear Construction Cost Reduction Pathways

High construction costs have plagued recent nuclear projects and they hamper the widespread deployment of nuclear technology. The Nuclear Cost Reduction Tool is a plant economic framework that quantifies the impact that various plant design and construction attributes have on construction costs and cost overruns and shows the positive effects of learning over a series of deployments. However, a downside of the current model is that all model outputs and capabilities are deterministic. To provide a more comprehensive view, this study evaluated the impact of model parameter uncertainty through a sensitivity analysis applied to 18 model parameters. This approach quantified the impact of model uncertainty on the output variables of Net Overnight Capital Cost (Net OCC), Construction Duration (CD), and Levelized Cost of Electricity (LCOE). Monte Carlo analysis revealed uncertainty distributions for these variables, showing that absolute uncertainty decreases over a series of deployments. A local sensitivity analysis showed that even small parameter perturbations (5%) can have a significant impact on project execution, highlighting areas that could reduce costs by billions across an order book of plants. The results of this study have improved the understanding of the model and identified the most impactful model parameters and construction attributes.

Levelized Cost of Electricity↗

Cost and Performance Baseline for Fossil Energy Plants – Volume 1: Bituminous Coal and Natural Gas to Electricity: May 2025

This presentation at EPRI's annual Generation Sector Meeting during the Advanced Generation and Carbon Capture and Storage session provides an overview of the recently published Cost and Performance Baseline for Fossil Energy Plants – Volume 1: Bituminous Coal and Natural Gas to Electricity dated May 2025. It further connects viewers with the recently released tool/dashboard, an interactive tool that allows users to manipulate six key study parameters simultaneously for each case and visualize the impact on three metrics: 1) levelized cost of electricity (LCOE), 2) cost of CO2 captured (CCC), and 3) cost of CO2 avoided (CCA).

baseline study↗

Techno-Economic Assessment of Data Center Load Demand Powered by Small Modular Reactors and Distributed Energy Resources

The rapid increase in data center energy demand, driven by AI and large-scale data processing, poses significant challenges to global energy infrastructure. Data centers require substantial and reliable energy for continuous operations and high-performance computing. Current electrical grids face issues such as transmission bottlenecks and aging infrastructure, making it difficult to meet these demands. Integrating inverter-based-resources (IBRs) like solar and wind presents both opportunities and challenges due to their intermittent nature. Small Modular Reactors (SMRs) offer a promising solution with their enhanced safety, modularity, reliability, and scalability, providing consistent base load power ideal for data center operations. This study presents a comprehensive techno-economic assessment of powering data center load demand using a combination of SMRs and IBRs with grid-connected and islanded mode. This study utilized Idaho National Laboratory’s (INL) HPC data center hourly load profiles and Xendee microgrid optimization platform to conduct the analysis. In this configuration, SMRs serves as the primary base load power source, consistently providing a steady supply of electricity necessary to meet the minimum load demand of the data center with support from the IBRs. Key performance indicators such as Levelized Cost of Electricity (LCOE), Net Present Value (NPV) has been calculated to assess the economic feasibility. The findings from this research will underscore the strategic benefits of integrating SMR plant with DERs – particularly for critical infrastructure load such as data centers.

14 - SOLAR ENERGY↗

CSP Design Study for Sandia National Laboratories and Kirtland Air Force Base

This report provides a design study to produce 100% carbon-free electricity for Sandia NM and Kirtland Air Force Base (KAFB) using concentrating solar power (CSP). CSP plant designs of 50 MW and 100 MW are assessed to meet the electricity needs of Sandia NM and/or KAFB. Probabilistic modeling is performed to evaluate inherent uncertainties in performance and cost parameters on total construction costs and the levelized cost of electricity. Estimated annual electricity production was ~200 – 300 GWh for the 50 MW plant and ~400 – 700 GWh for the 100 MW plant. The overnight construction costs ranged between ~$300M - $400M for the 50 MW CSP plant and between ~$500M - $800M for the 100 MW CSP plant. The heliostat field was the most significant subsystem cost, followed by the thermal energy storage, power cycle, and fixed operation and maintenance costs. Other considerations such as land availability and permitting, funding options, and interconnections are discussed.

Ho, Clifford K.↗

100% Carbon-Free Electricity for Sandia NM and KAFB Using Concentrating Solar Power (CSP) (SAND Report)

This report provides a design study to produce 100% carbon-free electricity for Sandia NM and Kirtland Air Force Base (KAFB) using concentrating solar power (CSP). Annual electricity requirements for both Sandia and KAFB are presented, along with specific load centers that consume a significant and continuous amount of energy. CSP plant designs of 50 MW and 100 MW are then discussed to meet the needs of Sandia NM and the combined electrical needs of both Sandia NM and KAFB. Probabilistic modeling is performed to evaluate inherent uncertainties in performance and cost parameters on total construction costs and the levelized cost of electricity. Total overnight construction costs are expected to range between ~$300M - $400M for the 50 MW CSP plant and between ~$500M - $800M for the 100 MW plant. Annual operations and maintenance (O&M) costs are estimated together with potential offsets in electrical costs and CO 2 emissions. Other considerations such as interconnections, land use and permitting, funding options, and potential agreements and partnerships with Public Service Company of New Mexico (PNM), Western Area Power Administration (WAPA), and other entities are also discussed.

14 SOLAR ENERGY↗

Utilizing GEOPHIRES-X Beyond Electricity

The GEOPHIRES tool is a techno-economic simulator for evaluating the thermal performance and cost-competitiveness of geothermal plants for electricity, heating, and/or cooling. The tool combines reservoir, wellbore, and surface plant cost and performance models to estimate overall techno-economic metrics such as net present value or levelized cost of electricity, heating, or cooling. We recently upgraded the tool to an object-oriented Python framework, presented in an accompanying paper. As part of the upgrade, we enhanced the capability to simulate the performance of geothermal plants for heating and cooling, which is the topic of this paper. Specifically, we (1) integrated absorption chillers to investigate the performance of utilizing geothermal heat for cooling, (2) integrated a heat pump module to boost the geothermal temperature and thermal output, (3) integrated a district heating module to estimate heating demand for a district based on local weather data, and simulated heat supply with geothermal energy and peaking boilers, and (4) integrated GEOPHIRES as an engine in the dGeo simulator to perform a geospatial analysis of geothermal district heating feasibility across a large region (e.g., a state or the entire United States) utilizing resource and thermal demand maps. This paper presents background information and case studies for several of these heating and cooling end-use options in GEOPHIRES.

absorption chiller↗

Cost and Performance Baseline for Fossil Energy Plants, Volume 3 – Low Rank Coal and Natural Gas to Electricity

Presentation by the National Energy Technology Laboratory (NETL) on performance and cost results of utilizing low rank coals and natural gas to produce electricity, including the effects of carbon capture. The coal plants are located in elevated terrain, and the natural gas plants are sited in the same conditions to allow comparability of elevation impacts. The study reports on overall performance of both fuel types, without and with carbon capture, and gives comparisons of the levelized cost of electricity for each unit. This presentation was given at the 2022 Pittsburgh Coal Conference.

James, III, Robert E.↗

The Impact of Disruptions on the Economics of a Tokamak Power Plant

Tokamaks are often considered to be a leading candidate for near-term, cost-effective fusion energy, but these devices are susceptible to sudden loss of confinement events called disruptions. The threat of disruptions has garnered serious attention in research for the next generation of burning plasma experiments, such as ITER, but has received little treatment in economic studies of magnetic fusion energy. In this paper, we present a model for quantifying the effect of disruptions on the cost of electricity produced by a tokamak power plant (TPP). We outline the various ways disruptions increase costs and decrease revenues, introduce metrics to quantify these effects, and add them to a levelized cost of electricity (LCOE) model. Additionally, we identify several rate-limiting repair steps and introduce a classification system of disruption types based on the time to return to operations. We demonstrate how the LCOE model can be used to find the cost of electricity and the requirements for disruption handling of a TPP, and we further highlight where future research can have a strong impact in neutralizing the “showstopping” potential of disruptions.

70 PLASMA PHYSICS AND FUSION TECHNOLOGY↗