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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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At least 19 records
All sourcesNASA NTRSDOE OSTI
DOE OSTI2026

Expert Elicitation for Tidal Energy Levelized Cost of Energy: Present and Future

In accordance with the Government Performance and Results Act (GPRA), H2O annually assesses marine energy technology development resulting from government-funded research and development programs and strategy. For GPRA reporting, H2O uses the levelized cost of energy (LCOE) - which represents the total system cost per unit of energy produced - to measure the progression of marine energy technology development, assess the impact of their research and development programs, and identify future research priorities. To support H2O's GPRA reporting requirements and inform future strategy, the National Laboratory of the Rockies conducted a tidal energy LCOE expert elicitation study to estimate present and future LCOE[AB2.1]. This report describes the motivation and background for the elicitation study, the methodology used to conduct the study, and the study results. It also provides future recommendations for accelerated tidal energy LCOE reduction based on feedback from study participants.

16 TIDAL AND WAVE POWER↗
DOE OSTI2022

RITE Gen5 KHPS Levelized Cost of Energy

Levelized Cost of Energy analysis for Verdant Power Gen5 KHPS utilizing annualized AEP based on actual energy generation at the RITE Project during 2020-21. The WEC devices analyzed include attenuator, point absorber, oscillating wave surge converter, oscillating water column, overtopping/terminator device, submerged pressure differential, bulge wave, and rotating mass type wave energy converter devices. The CEC devices analyzed include horizontal axis turbine, vertical axis turbine, oscillating hydrofoil, enclosed tips (Venturi), Archimedes screw, and tidal kite type current energy converter devices.

16 TIDAL AND WAVE POWER↗
DOE OSTI2016

Levelized cost of energy for a Backward Bent Duct Buoy

The Reference Model Project, supported by the U.S. Department of Energy, was developed to provide publically available technical and economic benchmarks for a variety of marine energy converters. The methodology to achieve these benchmarks is to develop public domain designs that incorporate power performance estimates, structural models, anchor and mooring designs, power conversion chain designs, and estimates of the operations and maintenance, installation, and environmental permitting required. The reference model designs are intended to be conservative, robust, and experimentally verified. The Backward Bent Duct Buoy (BBDB) presented in this paper is one of three wave energy conversion devices studied within the Reference Model Project. Comprehensive modeling of the BBDB in a Northern California climate has enabled a full levelized cost of energy (LCOE) analysis to be completed on this device.

marine hydrokinetic energy development↗
DOE OSTI2020

Concentrating solar power: Concentrating optics for lower levelized energy costs (COLLECTS) (Final report)

This continuation is a synthesis of the first three tasks of the first year of the project. Hence, we try to follow as much as possible the outline of the SOPO instead of a purely chronological order. For each task, we remind the SOPO objective. We then present our approaches and our results. We start by discussing the objectives and results of the Task 1.1 that mainly consisted in investigating the unit cell of the metasurface concentrators. We then discuss the Task 1.2 that describes the strategies that can be used to design broad angle metasurfaces. Finally, we present the fabrication details and the experimental setups in the last part of the report that mainly corresponds to the Task 1.3.

14 SOLAR ENERGY↗
DOE OSTI2018

System Levelized Cost of Energy Analysis for Floating Offshore Vertical-Axis Wind Turbines

The levelized cost of energy for an offshore wind plant consisting of floating vertical-axis wind turbines is studied in this report. A 5 MW Darrieus vertical-axis wind turbine rotor is used as the study turbine as this architecture was determined to have the greatest ability to reduce the system cost. The rotor structural design was used with blade manufacturing cost model studies to estimate its cost. A two-bladed, carbon fiber rotor was selected in this analysis since the lower topside mass resulted in a reduction of the platform costs which exceeded the increased rotor cost. A direct-drive, medium efficiency drivetrain was designed which represents 25% of the costs and 45% of the mass of the combined rotor/drivetrain system. A direct-drive, permanent magnet generator drivetrain was selected due to the improved reliability of this type of system, while the cost was not significantly higher than for geared drivetrains. A platform was designed by first identifying the optimal architecture for the vertical-axis wind turbine at a water depth of 150 m. A survey was performed of floating platform types, and six characteristic designs were analyzed which span the range of stability mechanisms available to floating systems. A multi-cellular tension-leg platform was identified as the lowest cost platform which additionally provided some interesting performance benefits. The small motions of the tension-leg platform benefit the system energy capture while limiting inertial loads placed on the rotor’s tower and blades. A final design was produced for the multi-cellular tension-leg platform considering operational fatigue, storm wind and wave conditions, and tow-out design cases. The driving design load was stability during tow-out while ballasting the platform. System levelized cost of energy was calculated, including operational expenses and balance of system costs estimated for the wind plant. Opportunities for reduction in the component costs are predicted and used to make projections of the system levelized cost of energy for future developments. The opportunities and challenges for floating vertical-axis wind turbines are identified by the system design and levelized cost of energy analysis.

17 WIND ENERGY↗
DOE OSTI2025

Assessing the levelized cost of energy in South Korea

This study evaluates the levelized cost of energy (LCOE) for various energy technologies in the Republic of Korea (Korea) from 2023 to 2050, highlighting cost trajectories and potential crossovers among competing technologies. The analysis projects that, based on our set of assumptions, utility-scale photovoltaic systems achieve lower LCOEs than nuclear by 2030, while fixed offshore wind is expected to become cost-competitive with coal-fired generation around the same time. Floating offshore wind is projected to reach cost parity with coal in the late 2030s. Co-firing with natural gas and green hydrogen is identified as the highest-cost generation option due to high natural gas and green fuel costs and declining capacity utilization. This study further examines the potential for hybrid systems that integrate renewable energy with energy storage to serve as flexible, cost-effective, zero-emission alternatives to green hydrogen-based generation. Spatial LCOE assessments indicate that near-shore offshore wind sites may achieve lower costs despite modest capacity factors, contingent on site-specific factors such as grid integration and social acceptance. The findings indicate that renewable energy technologies are expected to experience continued cost declines, with solar photovoltaic becoming the most competitive energy source in Korea by 2030–2035. Incorporating social costs accelerates this shift from conventional alternatives.

Green hydrogen↗
DOE OSTI2020

Comparative PV LCOE Calculator (Comparative Photovoltaic Levelized Cost of Energy Calculator) [SWR-20-86]

The calculator calculates levelized cost of energy (LCOE) for photovoltaic (PV) systems based on cost, performance, and reliability inputs for a baseline and a proposed technology. The user can choose inputs and watch the effect on LCOE to determine whether a proposed technology is cost-effective, perform trade-off analysis among different technology options, and do break-even analysis of cost or performance.

Silverman, Timothy↗
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 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

Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics

The costs of renewable energy-based electricity generation have fallen precipitously in recent years to levels that are increasingly competitive with traditional generation such as fossil fuel-based generation. As these costs become increasingly competitive, private developers, policymakers, and energy system planners are searching for opportunities to harness high-quality renewable energy resources. Developing economies are setting ambitious targets and exploring how cost-effective, grid-connected renewable energy options can help power economic growth and meet growing electricity demands. This includes the member states of the Association of Southeast Asian Nations (ASEAN) that are determined to reach a target of 23% of renewable energy in the region's total primary energy supply by 2025. A critical gap to identifying opportunities and scaling up renewable energy is the lack of quality data and analyses to support decisions on the investment and deployment of renewables - including wind and solar photovoltaics (PV). This work supports decision making by providing high-quality data and spatial analysis of the cost of utility-scale wind and solar PV generation in select countries of Southeast Asia - specifically, the ASEAN member states. Generation costs are expressed as the levelized cost of energy (LCOE) - a commonly used metric that represents the net present value of the unit cost of electricity during the lifetime of a particular electricity generation technology. This is the first spatial estimate of LCOE for these technologies within the ASEAN member states - providing insights into the roles that renewable energy resource quality and other factors may play in generation costs.

14 SOLAR ENERGY↗
DOE OSTI2021

Spatial impacts of technological innovations on the levelized cost of energy for offshore wind power plants in the United States

Recent studies predict significant decreases in the future levelized cost of energy (LCOE) of offshore wind energy, much of which is attributed to anticipated cost reductions from technological innovation. This study evaluates the spatial variability of LCOE caused by technology-induced decreases in a range of capital, operational, and financial cost categories. A spatial cost model of fixed-bottom and floating offshore wind plants is used to model the impact across thousands of potential United States sites. A specified change in an individual turbine subsystem cost produces a range of LCOE outcomes due to the varying geospatial characteristics of the considered sites and the nonlinear, interactive dependency on these input parameters; for example, a 10.8% improvement in net capacity factor can reduce LCOE by between 6% and 20% at different sites. This work expands upon the existing offshore wind literature, which typically evaluates cost sensitivities at a single site and does not consider the spatial variance in LCOE. The results suggest that the impact of technological innovations can be considerable and should be considered on a spatial as well as temporal basis when prioritizing technology innovation research or funding decisions to advance offshore wind technologies in the United States.

17 WIND ENERGY↗
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 OSTI2026

Project 1: COLLECTS Project and Project 2: M&V for Saputo Cheese Project: Cooperative Research and Development (Final Report)

Project 1: Combined Power's Hyperlight Energy and NLR will collaborate on the DOE Concentrating Optics for Lower Levelized Energy CosTS (COLLECTS) project, DE-FOA-0001268. COLLECTS funding opportunity announcement (FOA) seeks to further concentrated solar power (CSP) system technologies by soliciting disruptive, transformative projects for the concentrating solar collectors in the CSP plant. These innovative projects will seek to surpass the targets set out in the SunShot Vision Study, enabling CSP to be cost-competitive with conventional forms of electric power generation. Projects will target the design and manufacturing of novel solar collectors with the ability to significantly reduce the solar field contribution to the overall levelized cost of energy (LCOE) of the CSP plant, and which have not been previously specifically targeted by CSP FOAs. Project 2: Hyperlight will perform measurement and verification (M&V) of Green House Gases and NLR will evaluate energy consumption reduction.

14 SOLAR ENERGY↗
DOE OSTI2021

Impacts of turbine and plant upsizing on the levelized cost of energy for offshore wind

Turbine and plant upsizing are major trends in offshore wind deployment, although the quantitative impact on project costs has not been well-characterized. The uncertain value of continued wind turbine and project growth limits the ability of the supply chain to prepare for future technology trends, leading to challenges in the realization of larger projects. This analysis explores the levelized cost of energy impacts of turbine ratings between 6 and 20 MW and plant capacities between 250 and 2,500 MW for fixed-bottom offshore wind using techno-economic cost models for foundation, electrical, installation, and operation and maintenance costs, along with annual energy production. We consider a nominal set of technology assumptions for all scenarios to isolate economies of size and scale without additional benefits from decreasing turbine capital costs, quantity discounts for larger projects, or optimized technology solutions. These results indicate that using a 20-MW wind turbine in a 2,500-MW power plant array can reduce the levelized cost of energy by over 23% relative to the global average turbine and plant size installed in 2019; primarily because of reductions in the balance-of-system and operation and maintenance costs. We also identify improved installation vessels, optimized export systems, and novel operation and maintenance strategies as additional cost reduction opportunities. These results suggest that upsizing represents a significant cost reduction opportunity for offshore wind energy and will continue to be a main factor in shaping the future of the sector.

17 WIND ENERGY↗