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At least 19 records

Capital cost estimate

The capital cost estimate for the nuclear process heat source (NPHS) plant was made by: (1) using costs from the current commercial HTGR for electricity production as a base for items that are essentially the same and (2) development of new estimates for modified or new equipment that is specifically for the process heat application. Results are given in tabular form and cover the total investment required for each process temperature studied.

Source record

Quality Guidelines for Energy System Studies: Capital Cost Scaling Methodology: Revision 4b Report

The National Energy Technology Laboratory (NETL) regularly updates legacy analysis with new studies and cases as the Department of Energy objectives change, technology performance improves, costs are reduced, regulations change, market drivers are established, fuel prices fluctuate, and any number of other relevant factors vary in the market. As legacy studies are updated by NETL, the underlying performance and cost of the cases presented changes, and as such, the methods for interpreting and scaling the cost estimates change. Therefore, it is important that NETL maintain public guidance documents associated with different sets of cost estimates that delineate how a specific set, based on report vintage and/or year published, should be scaled. This Quality Guidelines for Energy System Studies report, providing guidance on capital cost scaling, should generally be applied to NETL case costs included in the report “Cost and Performance Baseline for Fossil Energy Plants Volume 1: Bituminous Coal and Natural Gas to Electricity Revision 4b,” (NETL, 2025) or any cases derived from the cases presented in the referenced report.

29 ENERGY PLANNING, POLICY, AND ECONOMY

Resource Adequacy and Capital Cost Considerations Pertaining to Large Electric Grids Powered by Wind, Solar, Storage, Gas, and Nuclear

The capacity and generation of wind, solar, storage, nuclear, and gas are estimated for large, idealized copper-plate electric grids. Wind and solar penetrations of 30% to 80% are considered together with different storage systems such as vanadium and lithium-ion batteries, pumped hydroelectric, compressed air, and hydrogen. In addition to a baseline dispatchable fleet without wind/solar, two bounding cases with wind/solar are analyzed: one without storage and one where the whole wind/solar fleet is connected to the storage system, hence providing a buffer between the wind/solar fleet and the grid. The reality will likely be somewhere between these bounding cases. The viability of a power grid with a large wind/solar penetration and no storage is not guaranteed but was nonetheless considered to provide a lower-bound capital cost estimate. Overall, the options that rely strongly on wind, solar, and storage could be significantly more capital-intensive than those that rely strongly on nuclear, depending on the amount of storage necessary to ensure grid stability. This is especially true in the long run because wind, solar, and storage assets have shorter lifetimes than nuclear plants and, consequently, need to be replaced more frequently. More analyses (e.g., grid stability and public acceptance) are necessary to determine which option is most likely to provide the path of least resistance to powering a clean, affordable, and reliable grid in a timely manner. Depending on the priorities, the path of least resistance may not necessarily be the one that is less capital intensive.

adequacy

A model for selecting the best sustainable airport technology alternatives

Air transport is a continually expanding industry, a fact that has become even more evident with the recovery of the aviation industry post-COVID-19. This expansion amplified energy consumption at airports, which was already significantly high. Airport decision-makers are increasingly focusing on improving sustainability and addressing social, economic, and environmental criteria across airports worldwide. In this article, we propose a decision-making model for identifying a sustainable airport technology solution that minimizes the energy consumption of airport lighting while considering economic, emission, and life-cycle criteria. The proposed model combines data envelopment analysis and multi-criteria decision making techniques. We applied the model to the Dallas/Fort Worth International Airport (DFW) as a case study, considering eight lighting technology solutions, each with five luminous flux alternatives. Our model identified the best lighting technology solution for DFW outdoor and indoor environments based on the following criteria: luminous flux, capital costs, life-cycle costs, energy consumption, and emissions (CO2e, NOx, SO2, and PM2.5). The designed model is customizable to any airport and is applicable to a wide range of airport lighting technologies. In our analysis, Light-Emitting Diode lighting emerged as the most sustainable technology option. It ranked first in most cases due to its balance of high efficacy, long lifespan, low life-cycle cost, low capital cost, and lower emissions across all pollutants.

Tchivwila, Moise B

Assessment of the potential of solar thermal small power systems in small utilities

The potential economic benefit of small solar thermal electric power systems to small municipal and rural electric utilities is assessed. Five different solar thermal small power system configurations were considered in three different solar thermal technologies. The configurations included: (1) 1 MW, 2 MW, and 10 MW parabolic dish concentrators with a 15 kW heat engine mounted at the focal point of each dish, these systems utilized advanced battery energy storage; (2) a 10 MW system with variable slat concentrators and central steam Rankine energy conversion, this system utilized sensible thermal energy storage; and (3) a 50 MW central receiver system consisting of a field of heliostats concentrating energy on a tower-mounted receiver and a central steam Rankine conversion system, this system also utilized sensible thermal storage. The results are summarized in terms of break-even capital costs. The break-even capital cost was defined as the solar thermal plant capital cost which would have to be achieved in order for the solar thermal plants to penetrate 10 percent of the reference small utility generation mix by the year 2000. The calculated break-even capital costs are presented.

Steitz, P.

A Comparison Between Industrial Energy Efficiency Measures in Guatemala and the United States

Energy auditing has been cited as a key tool in closing the gap between the actual energy consumption in industrial facilities and what should be at an environmentally sustainable level. Several factors affect the likelihood that energy audits will be effective in closing that gap, and more analysis is needed to understand these factors, especially for developing nations. This study compares three energy efficiency measures (EEMs) frequently recommended in both the United States and Guatemala, namely, installing solar panels to generate electricity, installing higher-efficiency lighting, and upgrading to premium efficiency motors. The implementation of each of these EEMs contributes to more sustainable energy consumption, and each of these EEM’s payback periods is affected by capital costs, energy costs, and other local factors analyzed in this study. Projected payback periods for each EEM based on Guatemalan and U.S. capital cost and energy cost ranges are assessed via EEM-specific payback period calculations and compared to the energy audit data from each country. While lower capital costs incentivize EEM implementation and reduce payback periods, there is an interplay between energy cost and capital cost that impacts the trends in the U.S. and Guatemala. As in the case of the solar panel installation EEM, though Guatemalan companies pay ~110% more for electricity than U.S. companies, when Guatemalan capital costs are lower, payback periods are lower than in the U.S. Conversely, in cases where Guatemalan capital costs are higher—as for higher-efficiency lighting and motor installation—Guatemalan payback periods are roughly the same as those in the U.S. because of the higher Guatemalan energy costs.

Khosla, Radhika

Analysis of GaAs and Si solar energy hybrid systems

Various silicon hybrid systems are modeled and compared with a gallium arsenide hybrid system. The hybrid systems modeled produce electric power and also thermal power which can be used for heating or air conditioning. Various performance indices are defined and used to compare the system performance: capital cost per electric power out; capital cost per total power out; capital cost per electric power plus mechanical power; annual cost per annual electric energy; and annual cost per annual electric energy plus annual mechanical work. These performance indices indicate that concentrator hybrid systems can be cost effective when compared with present day energy costs.

Heinbockel, J. H.

Open Architecture for Cost Savings in Advanced Nuclear Reactors

Recently, nuclear power plant build projects in the West have run over budget due to high capital costs and schedule overruns. Compared to other sources of energy, nuclear power plants have higher capital costs. Reactors are often different at every site, resulting in a lack of standardization. Nuclear is expected to compete with other low carbon sources of energy which have lower capital costs making it essential for nuclear to develop ways of reducing costs. Strategies such as standardization, learning rates, modularization, and schedule reduction in advanced reactors can reduce nuclear costs by about 40%. Standardization as a way of cutting capital costs has been explored even in large nuclear power plants. Standardization of certain plant components can result in lower component and installation costs and higher learning from experience. Standardization can be achieved by adopting a criterion of key performance indicators and general design principles for a specific system or component such as the balance of plant. Modularization allows the construction of certain components of SMRs in a factory, which saves time, increases productivity, and encourages higher learning rates. Production learning decreases the time and the cost related to an activity. The potential for modularized components of advanced reactors to be manufactured in factories makes it conducive to achieving higher learning rates. Developing large-capacity nuclear programs through sequential builds cultivates a higher learning rate, which in effect may reduce schedule overruns. Open architecture has been identified as a way to drive standardization among advanced reactor designs and result in cost savings. Open architecture (OA) is defined as a design enabling a diverse supply chain by defining and publishing requirements of systems or equipment in functional and/or interface terms, utilizing technical standards in widespread use. Currently, the nuclear industry’s approach is to use closed architecture, making most designs proprietary. However, collaboration between various advanced reactor vendors and suppliers utilizing the concept of open architecture can result in modular and standardized architecture of subsystems or subcomponents of a nuclear power plant. Completely standardizing nuclear power plants may be impossible, however, certain common subsystems amongst the various reactor designs could be standardized and/or access a wider supply chain and leverage existing learning from other sectors. Open architecture will save time and allocate resources to the parts of the plants that have the most unique features. A key advantage of open architecture is its ability to improve production learning across advanced reactors (AR) types in the industry, by providing and utilizing the same kind of component. Sodium fast reactor (SFR), High Temperature Gas Reactor (HTGR) and Molten Salt Reactor (MSR) are the advanced reactors considered for this project. This paper aims to determine the cost savings in advanced reactor programs due to open architecture learning rate. This work is an extension of work done on light water reactor small modular reactors; the cost methodology was utilized to investigate the impact of open architecture on advanced reactors with a particular focus on sodium fast reactors. The cost data on sodium fast reactors used in the model presented the most adequate information required for the analysis.

Advanced Nuclear Reactors

Updating Nuclear Energy Cost Estimates for Net Zero World Initiative

Energy modeling of decarbonized scenarios in integrated energy systems requires nuclear energy parameters that are critical for forecasting, modeling and cost structure analysis. Using updated real-world data has always been a challenge to estimate current nuclear reactors costs and deployment scenarios. Given this, an updated set of parameters for overnight capital costs and operation and maintenance costs are estimated for the Net Zero World initiative using recent reports that provided a vast set of open sources data inputs. This paper follows the methodology developed in the Net Zero World report and applies the new ranges estimated in the Gateway for Accelerated Innovation in Nuclear report that address many of the current challenges in obtaining accurate cost data for advanced nuclear concepts. The final goal is to provide new estimates of the overnight capital costs and operational costs for different countries. The present paper improves the earlier capital cost estimations, building on recent literature that aims to obtain accurate data for modeling and simulation to enhance energy system evaluations and support decision-making in areas like de-carbonization and capacity expansion. Finally, the paper compares the new cost estimates with the old cost results.

11 - NUCLEAR FUEL CYCLE AND FUEL MATERIALS

Use of hydrogen and hydrogen-rich components as a means of storing and transporting energy

A one-megawatt wind energy source is assumed that uses half of its output to serve customers as electricity, and stores the other half by conversion to hydrogen, to liquid hydrogen, to stored LH2, and back to electricity. Energy costs and capital costs of the conversions escalate unit costs to 12.9 cents per kilowatt hour. High conversion costs can be reduced by using Mg2NiH4 and FeTiH2 storage, or by using a 100- or 1000 megawatt system.

Hausz, W.

Projection of distributed-collector solar-thermal electric power plant economics to years 1990-2000

A preliminary comparative evaluation of distributed-collector solar thermal power plants was undertaken by projecting power plant economics of selected systems to the 1990 to 2000 time frame. The selected systems include: (1) fixed orientation collectors with concentrating reflectors and vacuum tube absorbers, (2) one axis tracking linear concentrator including parabolic trough and variable slat designs, and (3) two axis tracking parabolic dish systems including concepts with small heat engine-electric generator assemblies at each focal point as well as approaches having steam generators at the focal point with pipeline collection to a central power conversion unit. Comparisons are presented primarily in terms of energy cost and capital cost over a wide range of operating load factors. Sensitvity of energy costs for a range of efficiency and cost of major subsystems/components is presented to delineate critical technological development needs.

Fujita, T.

Design study of wind turbines 50 kW to 3000 kW for electric utility applications. Volume 3: Supplementary design and analysis tasks

Additional design and analysis data are provided to supplement the results of the two parallel design study efforts. The key results of the three supplemental tasks investigated are: (1) The velocity duration profile has a significant effect in determining the optimum wind turbine design parameters and the energy generation cost. (2) Modest increases in capacity factor can be achieved with small increases in energy generation costs and capital costs. (3) Reinforced concrete towers that are esthetically attractive can be designed and built at a cost comparable to those for steel truss towers. The approach used, method of analysis, assumptions made, design requirements, and the results for each task are discussed in detail.

Source record

Advancing Pumped Thermal Energy Storage Performance and Cost Using Silica Storage Media

Pumped Thermal Energy Storage (PTES) is an electricity storage system that is suitable for long-duration energy storage (10-1000 h) due to its low marginal cost of energy capacity. We present a techno-economic model of a PTES system that uses particle thermal energy storage. Particles have low costs and can be operated over a wide temperature range leading to increased efficiency and reduced costs compared to other PTES designs. We show how the round-trip efficiency, specific power output, capital cost, and levelized cost of storage (LCOS) depend on parameters such as the pressure ratio, heat exchanger approach temperature and pressure loss, and maximum temperature. We compare particle-PTES (P-PTES) performance to PTES which uses liquid thermal energy storage - i.e. molten salt hot storage and methanol cold storage (MS-PTES). We find that using silica particles for storage advances PTES technology: P-PTES can be operated at higher maximum temperatures than MS-PTES. Furthermore, P-PTES can achieve lower approach temperatures in the heat exchangers than MS-PTES without increasing capital costs, because P-PTES uses direct-contact heat transfer in fluidized bed heat exchangers. As a result, we find that P-PTES systems achieve higher round-trip efficiency than MS-PTES (66 % versus 57 %) and lower LCOS (e.g. 0.115 +- 0.03 $/kWhe versus 0.171 +- 0.04 $/kWhe for 10 h discharge). The low cost of particles and containment means that P-PTES can provide long-duration energy storage at low capital cost per unit energy capacity. For example, the total capital cost per unit energy reduces from 245 $/kWhe at 10 h to 38 $/kWhe at 100 h. These costs are considerably lower than MS-PTES (72 $/kWhe at 100 h) and also outcompete current and future Li-ion battery system projections (100-265 $/kWhe).

25 ENERGY STORAGE

Cost and size estimates for an electrochemical bulk energy storage concept

Preliminary capital cost and size estimates were made for an electrochemical bulk energy storage concept. The electrochemical system considered was an electrically rechargeable flow cell with a redox couple. On the basis of preliminary capital cost estimates, size estimates, and several other important considerations, the redox-flow-cell system emerges as having great promise as a bulk energy storage system for power load leveling. The size of this system would be less than 2 percent of that of a comparable pumped hydroelectric plant. The capital cost of a 10-megawatt, 60- and 85-megawatt-hour redox system is estimated to be $190 to $330 per kilowatt. The other important features of the redox system contributing to its load leveling application are its low adverse environmental impact, its high efficiency, its apparent absence of electrochemically-related cycle life limitations, and its fast response.

Warshay, M.

Manufacturing Cost Analysis for PEM Electrolyzers and Perspectives for Future Cost Reduction

Electrolyzer capital costs strongly influence the total levelized cost of hydrogen production and have implications for hydrogen deployment. Current electrolyzer costs are high, and large cost reductions may be needed to achieve competitive hydrogen costs and targets. Understanding pathways for cost reduction via R&D and deployment is a critical research area for informed energy planning and enabling hydrogen use. This work presents bottom-up cost estimates of polymer electrolyte membrane (PEM) electrolyzer systems tied to design specifications and discusses perspectives for cost reduction opportunities based on ongoing research. We use a detailed manufacturing and process model for a 1 MW PEM electrolyzer stack and balance of plant (BOP) for rigorous cost estimation. This allows for robust estimates of component and manufacturing costs and examination of key cost contributors. Stack costs are dominated by material costs such as iridium and platinum catalysts, especially at high manufacturing rates; power electronics and hydrogen purification equipment are the largest contributors to BOP cost. At higher manufacturing rates, better equipment utilization could reduce stack costs significantly, and we estimate that experience and bulk purchasing will allow for cost reductions to some BOP components. Still, many well-established BOP technologies and stack material costs are less likely to see significant cost reductions at high manufacturing rates. As such, manufacturing scale is limited in how much it can reduce electrolyzer costs, and additional advances for cost reduction may be needed to achieve cost targets. It will likely take many combined strategies to achieve significant cost reductions for electrolyzers and enable low-cost hydrogen production. We can use our manufacturing cost model to quantify potential cost reductions from the considerations described above and demonstrate pathways to lower cost electrolyzers. This allows for better understanding of cost reduction strategies and enables more informed research, development, and deployment for electrolyzers.

cost

Cost analysis of alternative large-scale high-temperature solid oxide electrolysis hydrogen production facilities

We extend our past cost analysis of gigawatt-scale solid oxide electrolysis (SOE) facilities that produce high purity hydrogen gas from water by estimating construction and operating costs for three new alternative design cases: (1) offsite feed steam generation; (2) near-atmospheric pressure (NAP) stack; and (3) onsite electric boiler feed steam generation. Pressure effects on hydrogen electrode-(cathode-)supported SOE cell (SOEC) stack performance are estimated for the same assumed cell and stack construction and used to determine facility-wide stack capital costs for achieving a fixed H2 production at different pressures. Modular balance of plant (BOP) process equipment capital costs are estimated for each new alternative design case using our past equipment sizing, design, and cost data and scaling relationships. Furthermore, we update BOP equipment sizing and design for the NAP case using Aspen®. Vendor quotes for electric boilers are used to estimate costs for the electric boiler design case. Factory and onsite assembly and installation costs for SOEC stacks and BOP equipment are calculated using our past simplified first-principles approach. First-of-a-kind (FOAK) and N th -of-a-kind (NOAK) production maturity cost estimates are included for all results. The case with NAP stacks offers the lowest facility total capital cost (TCC, ~23% lower than base) while use of small electric boilers requires the highest TCC (~3% higher than base). H 2 production prices decrease from the base of ~$\$2.17$ /kgH 2 to ~$\$1.92$/kgH 2 for 1 GW e DC SIP facilities utilizing NAP stacks supplied by offsites steam situated in large modules and blocks for $\$0.030$/kWh e and $0.009/kWh t prices for electricity and thermal energy, respectively. We report all costs in 2021 US dollars.

Balance of plant (BOP) process equipment

Research goals for minimizing the cost of CO 2 capture when using steam methane reforming for hydrogen production

This paper presents a techno-economic assessment of adding state-of-the-art solvent-based CO 2 capture technologies to greenfield steam methane reforming (SMR)-based H 2 production plants and quantifies the impacts of improvements in CO 2 capture technology. Current conventional capture technologies are reviewed, and future technologies in intermediate and long-term scenarios are analyzed. The results show that adding significantly more efficient solvent-based capture technologies leads to an equivalent rate of natural gas consumption as that of a conventional SMR plant without capture, despite capturing most of the CO 2 and producing the same amount of H 2 . Overall, improvements in reboiler duty and reductions in capital costs can significantly reduce the cost of H 2 production and cost of capture. Particularly, the reboiler duty of pre-combustion capture and the capital cost of post-combustion capture have the greatest impact. Based on the results, research goals are suggested. Solvent development is recommended—particularly pre-combustion solvents—for reducing the reboiler duties, and process schemes to reduce the capital costs. Costlier but more efficient solvents can be considered. A sensitivity analysis using natural gas price shows that technological improvements can reduce the impacts of high natural gas prices. The degree of economic feasibility of CO 2 capture increases with improvements to the capture technology.

08 HYDROGEN

Compact Absorber Technology Leads to Significant Reduction in the Cost of Point Source CO 2 Capture

The size of columns in traditional absorption-based processes for CO 2 capture contributes significantly to the overall capital cost. A demonstrated method to reduce the cost of point source CO 2 capture, focusing on reducing the absorber height by increasing the liquid-to-gas reaction contact area and decreasing the CO 2 diffusion resistance without increasing gas-side pressure drop is presented along with techno-economic analysis results. Bench-scale tests on the unique Compact Absorber showed overall CO 2 mass transfer enhancement of varying degrees compared to a traditional packed column for similar process conditions, demonstrating that a 60+% reduction in size of a typical post-combustion absorber with a packing height of 70-100 ft and total height of 150-180 ft can be achieved. The techno-economic analysis showed significant cost reductions when the Compact Absorber is combined with other transformative aspects of the University of Kentucky Institute for Decarbonization and Energy Advancement point source CO 2 capture process compared to the U.S. Department of Energy National Energy Technology Laboratory pertinent reference case for pulverized coal plants with CO 2 capture. Here, a levelized cost of electricity excluding CO 2 transportation and storage of $\$95.6$/MWh was estimated, which is a 9% reduction, with a total capital cost contribution of $45/MWh, which is a 12% reduction. Additionally, a breakeven CO 2 sales price also referred to as the cost of CO 2 capture, of $36.70/tonne was estimated when the UK hindered primary amine solvent is used, which is a 20% reduction compared to the reference case.

CO2 capture