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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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At least 19 records
All sourcesNASA NTRSDOE OSTI
DOE OSTI2020

LCOE*: Re-Thinking LCOE for Photovoltaic Systems

Solar industry is working towards reducing the levelized cost of energy (LCOE). The LCOE formulation includes various implicitly connected cost and physical design parameters. This entails complex cost analyses by economists, and electrical analysis and energy yield calculations of solar farms by device physicists/technologists. The standard formulation requires a constant exchange of information to optimize the design of a specific farm. In this paper, we present a fundamental reformulation of LCOE (in terms of LCOE*) to deconvolve the cost vs. energy yield analysis so that economists and technologists can work independently towards minimizing LCOE. We validate our LCOE* formulation by comparing LCOE calculated by the traditional vs. new method. We further provide a global analysis of LCOE* as an illustrative example. This LCOE* will accelerate new technology development (e.g. bifacial PV) by allowing a rapid and transparent analysis of its cost-performance trade-off.

14 SOLAR ENERGY↗
DOE OSTI2020

LCOE Design Optimization Using Genetic Algorithm with Improved Component Models for Medium-Voltage Transformerless PV Inverters

For real-world installations of photovoltaic and other renewable energy resources, the critical design metric is the levelized cost of energy (LCOE); however, many power electronics design optimizations are performed with efficiency and power density as the primary design goals. Recent work has shown that a new LCOE-focused optimization approach can yield improved system designs balancing cost and energy generation. This paper expands the LCOE optimization approach by considering comprehensive optimization parameters, adding new modeling of inductor cost, extending the semiconductor model to include effects of losses on housing cost, and implementing a genetic algorithm to improve computation efficiency.

41 EE - Solar Energy Technologies Office (EE-4S)↗
DOE OSTI2015

LCOE Uncertainty Analysis for Hydropower using Monte Carlo Simulations

Levelized Cost of Energy (LCOE) is an important metric to evaluate the cost and performance of electricity production generation alternatives, and combined with other measures, can be used to assess the economics of future hydropower development. Multiple assumptions on input parameters are required to calculate the LCOE, which each contain some level of uncertainty, in turn affecting the accuracy of LCOE results. This paper explores these uncertainties, their sources, and ultimately the level of variability they introduce at the screening level of project evaluation for non-powered dams (NPDs) across the U.S.Owing to site-specific differences in site design, the LCOE for hydropower varies significantly from project to project unlike technologies with more standardized configurations such as wind and gas. Therefore, to assess the impact of LCOE input uncertainty on the economics of U.S. hydropower resources, these uncertainties must be modeled across the population of potential opportunities. To demonstrate the impact of uncertainty, resource data from a recent nationwide non-powered dam (NPD) resource assessment (Hadjerioua et al., 2012) and screening-level predictive cost equations (O’Connor et al., 2015) are used to quantify and evaluate uncertainties in project capital and operations & maintenance costs, and generation potential at broad scale. LCOE dependence on financial assumptions is also evaluated on a sensitivity basis to explore ownership/investment implications on project economics for the U.S. hydropower fleet.The results indicate that the LCOE for U.S. NPDs varies substantially. The LCOE estimates for the potential NPD projects of capacity greater than 1 MW range from 40 to 182 $/MWh, with average of 106 $/MWh. 4,000 MW could be developed through projects with individual LCOE values below 100 $/MWh. The results also indicate that typically 90 % of LCOE uncertainty can be attributed to uncertainties in capital costs and energy production; however, for small projects (below 10 MW) O&M uncertainty plays an important role. The potential NPDs have costs with uncertainty bands extending well above 100 $/MWh in some cases. A truly representative evaluation should complement LCOE with an assessment of potential revenues from the provision of ancillary services. Moreover, hydroelectric production is often part of multipurpose water resource projects where other purposes (e.g., irrigation, flood control, navigation, recreation, etc.) also provide value. Neither of these considerations are accounted for LCOE.

Chalise, Dol Raj↗
DOE OSTI2023

Defining a compact dry cooler design to reduce LCOE contribution in a CSP facility

Concentrating solar power (CSP), when coupled with a supercritical carbon dioxide (sCO 2 ) power cycle and sensible heat storage, presents a renewable and clean alternative for utility-scale power generation. However, in order to be competitive in the current and future markets, CSP facilities must limit their levelized cost of electricity (LCOE) by minimizing capital costs and reducing operating costs over the lifetime of the plant. Targeting this goal, this study investigates the LCOE impact of the power cycle pre-cooler. This study considers a compact dry cooler with micro-channel technology on the CO 2 side and formed fin geometry on the air side, using directly-coupled centrifugal fans and a transition duct to improve air distribution across the fins as well as protect the fins from contaminants which may cause blockage, soiling, fouling, and damage. In an effort to better understand the dry cooler impact on LCOE, a sensitivity study was conducted using various combinations of end-to-end approach temperatures, air-side pressure drop values, CO 2 -side pressure drop values, fan types, cooler turndown control schemes, cooler module sizes, and design-point ambient temperatures. Furthemore, off-design cycle performance data was calculated for each dry cooler design using NPSS simulation software; cycle performance data were then input to System Advisor Model (SAM) along with the associated capital costs for LCOE prediction of a 100 MW system over a 30 year plant lifetime. Results of this study show the LCOE is most sensitive to air-side performance, followed by heat transfer effectiveness and capital cost. It was found that a power cycle with a mid- to high-performance dry cooler will produce the most competitive power-production costs. Designing at the extreme ends for approach temperature (or effectiveness), design-point ambient temperature, and compactness (footprint) produce higher LCOE values; mid-range values for these parameters balance performance, operating costs, and associated capital cost to optimize LCOE.

14 SOLAR ENERGY↗
DOE OSTI2018

Advanced TidGen Power System - LCOE Calculations and System Overview

The TidGen Power System generates emission-free electricity from tidal currents and connects directly into existing grids using smart grid technology. The power system consists of three major subsystems: shore-side power electronics, mooring system, and turbine generator unit (TGU) device. This submission includes the Advanced TidGen cost and cost of energy metrics after critical design review for BP1, and a complete LCOE content model and LCOE reporting according to DOE guidance for the baseline system and the system with advanced technology integrated. A revised LCOE content model is also included, with more relevant market array assumptions. Additionally, this submission includes a complete system overview and component overview content models. The LCOE Content Model provides data submitters with an easy and consistent means of uploading data that can be used to calculate the levelized cost of energy for MHK devices. Data represents the design completed for the Critical Design Review conducted at ORPC in December, 2017. All values are for a single device. Note that with substantial fixed costs, larger arrays will greatly reduce LCOE. For an array in Admiralty Inlet producing 136,000 MWh, 270 devices with an array CAPEX of $540,260,052 and an array OPEX of $39,959,207 would result in an LCOE of $722/MWh.

16 TIDAL AND WAVE POWER↗
DOE OSTI2015

Levelized cost of energy (LCOE) metric to characterize solar absorber coatings for the CSP industry

The contribution of each component of a power generation plant to the levelized cost of energy (LCOE) can be estimated and used to increase the power output while reducing system operation and maintenance costs. The LCOE is used in order to quantify solar receiver coating influence on the LCOE of solar power towers. Two new parameters are introduced: the absolute levelized cost of coating (LCOC) and the LCOC efficiency. Depending on the material properties, aging, costs, and temperature, the absolute LCOC enables quantifying the cost-effectiveness of absorber coatings, as well as finding optimal operating conditions. The absolute LCOC is investigated for different hypothetic coatings and is demonstrated on Pyromark 2500 paint. Results show that absorber coatings yield lower LCOE values in most cases, even at significant costs. Optimal reapplication intervals range from one to five years. At receiver temperatures greater than 700 °C, non-selective coatings are not always worthwhile while durable selective coatings consistently reduce the LCOE—up to 12% of the value obtained for an uncoated receiver. Moreover the absolute LCOC is a powerful tool to characterize and compare different coatings, not only considering their initial efficiencies but also including their durability.

14 SOLAR ENERGY↗
DOE OSTI2021

Comparative Investigation of System-Level Optimized Power Conversion System Architectures to Reduce LCOE for Large-Scale PV-Plus-Storage Farms

PV-plus-storage (PVS) has become a prevalent configuration for newly commissioned large-scale solar projects. However, the optimal power conversion system (PCS) architecture has not been investigated yet. This paper first validates the limited impact of inverter cost on LCOE and then explores a system-level optimized PCS architecture with extended LCOE reduction to proliferate large-scale dispatchable solar energy. Two state-of-the-art architectures including central inverters (CI), traditional 480/600 V string inverters (SI) are compared with newly proposed medium voltage string inverters (MVSI) and multiport DC transformer (MDCT). With verified layouts and single line diagrams (SLDs) of 20 MW PVS plants, the losses and costs breakdown of different architectures are extracted and the PCS related LCOEs are derived. In this analysis, all electrical bill of materials (EBOS) elements, inverters, battery storage and its associated components, are included, whose losses and costs are obtained from markets, manufacturers, and literature. Besides, the sensitivities of PCS-related LCOEs to Inverter-Loading-Ratio (ILR) are also investigated. Here, the results show that compared with CI and SI with 1.5 kV PV, 4 kV MVSI and 34 kV MDCT present an extended LCOE reduction across all ILR from 1.0 to 3.0, making them economically favorable candidates for PVS farms.

14 SOLAR ENERGY↗
DOE OSTI2021

Photovoltaic (PV) System Levelized Cost of Energy (LCOE) Evaluation with Grid Support Function Valuation and Service Lifetime Estimation

Photovoltaic (PV) systems play a critical role in renewable energy resource grid integration, and levelized cost of energy (LCOE) is commonly used to evaluate PV system feasibility in modern power grids. In this work, a revised PV system LCOE calculation model is derived to quantify the potential of LCOE reduction. Particularly, the grid support functions are valuated to offset the investment and operation costs of PV systems, which thereby reduces the LCOE. Meanwhile, PV system service lifetime is also estimated with the derived PV inverter reliability model, considering the critical components (i.e., semiconductor devices and capacitors). The case studies with field datasets are conducted to validate the effectiveness of the developed LCOE calculation model.

Zhao, Shijia↗
DOE OSTI2017

Bookending the Opportunity to Lower Wind’s LCOE by Reducing the Uncertainty Surrounding Annual Energy Production

Reducing the performance risk surrounding a wind project can potentially lead to a lower weighted-average cost of capital (WACC), and hence a lower levelized cost of energy (LCOE), through an advantageous shift in capital structure, and possibly also a reduction in the cost of capital. Specifically, a reduction in performance risk will move the 1-year P99 annual energy production (AEP) estimate closer to the P50 AEP estimate, which in turn reduces the minimum debt service coverage ratio (DSCR) required by lenders, thereby allowing the project to be financed with a greater proportion of low-cost debt. In addition, a reduction in performance risk might also reduce the cost of one or more of the three sources of capital that are commonly used to finance wind projects: sponsor or cash equity, tax equity, and/or debt. Preliminary internal LBNL analysis of the maximum possible LCOE reduction attainable from reducing the performance risk of a wind project found a potentially significant opportunity for LCOE reduction of ~$10/MWh, by reducing the P50 DSCR to its theoretical minimum value of 1.0 (Bolinger 2015b, 2014) and by reducing the cost of sponsor equity and debt by one-third to one-half each (Bolinger 2015a, 2015b). However, with FY17 funding from the U.S. Department of Energy’s Atmosphere to Electrons (A2e) Performance Risk, Uncertainty, and Finance (PRUF) initiative, LBNL has been revisiting this “bookending” exercise in more depth, and now believes that its earlier preliminary assessment of the LCOE reduction opportunity was overstated. This reassessment is based on two new-found understandings: (1) Due to ever-present and largely irreducible inter-annual variability (IAV) in the wind resource, the minimum required DSCR cannot possibly fall to 1.0 (on a P50 basis), and (2) A reduction in AEP uncertainty will not necessarily lead to a reduction in the cost of capital, meaning that a shift in capital structure is perhaps the best that can be expected (perhaps along with a modest decline in the cost of cash equity as new investors enter the market).

17 WIND ENERGY↗
DOE OSTI2016

Centipod WEC, Advanced Controls, Resultant LCOE

Project resultant levelized cost of energy (LCOE) model after implementation of model predictive control (MPC) controller. Contains annual energy production (AEP) data, cost breakdown structure (CBS), model documentation, and the LCOE content model. This is meant for comparison with this project's baseline LCOE model.

16 TIDAL AND WAVE POWER↗
DOE OSTI2016

Centipod WEC, Advanced Controls, Baseline LCOE

Project baseline levelized cost of energy (LCOE) model for the Centipod WEC containing annual energy production (AEP) data, a cost breakdown structure (CBS), model documentation, and the LCOE content model. This baseline was built for comparison with the resultant LCOE model, built after implementation of the model predictive control (MPC) controller.

16 TIDAL AND WAVE POWER↗
DOE OSTI2019

MHK Levelized Cost of Energy (LCOE) Guidance and Techno-Economic Analysis Materials

Useful information and tools for calculating the Levelized Cost of Energy (LCOE) and MHK Cost Breakdown Structure. Includes a structure for calculating the capital expenditures and operating costs of a marine energy technology or device, reference resource data for both wave and tidal, and LCOE reporting guidance. These tools are meant to be used to help calculate the Levelized Cost of Energy (LCOE) for an MHK or MRE technology or device.

16 TIDAL AND WAVE POWER↗
DOE OSTI2020

Modular RivGen LCOE Content Model

The Modular RivGen LCOE Content Model contains estimates of levelized cost of energy (LCOE) for three array configurations operating in a theoretical river environment. The LCOE is distinguished by the CapEx, OpEx, and annual energy production and capture for each river environment.

16 TIDAL AND WAVE POWER↗
DOE OSTI2015

Economic Competitiveness of U.S. Utility-Scale Photovoltaics Systems in 2015: Regional Cost Modeling of Installed Cost ($/W) and LCOE ($/kWh)

Utility-scale photovoltaics (PV) system growth is largely driven by the economic metrics of total installed costs and levelized cost of electricity (LCOE), which differ by region. This study details regional cost factors, including environment (wind speed and snow loads), labor costs, material costs, sales taxes, and permitting costs using a new system-level bottom-up cost modeling approach. We use this model to identify regional all-in PV installed costs for fixed-tilt and one-axis tracker systems in the United States with consideration of union and non-union labor costs in 2015. LCOEs using those regional installed costs are then modeled and spatially presented. Finally, we assess the cost reduction opportunities of increasing module conversion efficiencies on PV system costs in order to indicate the possible economic impacts of module technology advancements and help future research and development (R&D) effects in the context of U.S. SunShot targets.

14 SOLAR ENERGY↗
DOE OSTI2021

Thermally Conductive Backsheets (TCB) of PV Modules: Positive Impacts on Performance, Lifetime and LCOE

The operating temperatures of photovoltaic (PV) modules can be impacted by the selection of specific packaging materials, e.g., backsheets and encapsulants. This research focuses on the evaluation of operating temperature reduction of one-cell modules by comparing conventional Tedlar/polyester/Tedlar (TPT) backsheet with novel thermally conductive backsheets (TCBs) materials. A large number of one-cell modules with two TCB types (TCB_A and TCB_B) and baseline TPT type were fabricated and installed in three different climatic conditions of the hot-dry desert in Arizona (high and low wind speed locations) and North Carolina (temperate with low wind speed location). In this study, these two TCBs were compared with conventional TPT backsheet in terms of performance, lifetime and levelized cost of energy (LCOE). The field results were analyzed for thermal performance of TCBs compared to TPT at three sites for two and half years. This study concludes that the thermal and electrical performances of the PV modules can be improved by using TCB_A in hot and dry climate sites and TCB_B at temperate climate sites. Therefore, the lifetime of TCB-based modules is expected to be higher than TPT-based modules. Using backsheet-specific power degradation levels and assuming the same cost for both types of backsheets, the LCOE of modules using TCBs is estimated to be lower than that of TPT.

14 SOLAR ENERGY↗
DOE OSTI2021

Updates to the Instant Online PV LCOE Calculator Tool

Levelized cost of energy (LCOE) is an important metric for techno-economic analysis of PV modules, systems, and performance. An NREL team within DuraMAT has developed a simplified PV-specific LCOE calculator as an alternative to the NREL System Advisor Model (SAM) for applications that do not have the degree of detail required by SAM. This webinar will review recent data and new features that have been added to the simplified calculator this year, including breakeven buttons, commercial system options, and inverter loading ratios. It will also review the structure of the source code on GitHub, how to edit a local version of the calculator, and walk through some example use cases for the calculator.

calculator↗
DOE OSTI2023

Estimating the Value of Worker Training: A System Reliability & LCOE Perspective

This workshop presentation briefly describes the labor standards required for large photovoltaic (PV) systems (>1MWac) to receive the full investment tax credit from the Inflation Reduction Act. The potential for labor standards to affect aspects other than upfront installation costs (such as energy generation or maintenance expenses) is analyzed using levelized cost of energy (LCOE) calculations. This considers benefits which may come from better training for workers, more productive workers, or improved installation quality, using NREL's simplified PV-specific LCOE calculator at pvlcoe.nrel.gov.

ENERGY PLANNING, POLICY, AND ECONOMY,SOLAR ENERGY↗