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At least 19 records

Updated Oregon Floating Offshore Wind Cost Modeling [Slides]

The study provides heat maps showing updated estimates of the levelized cost of energy (LCOE) for floating offshore wind energy off the coast of Oregon. This project builds on a 2019 National Renewable Energy Laboratory (NREL) floating offshore wind power cost study in Oregon (Musial et al. 2019) and a recent NREL California cost analysis (Beiter et al. 2020). Floating wind power cost data, modeling methodology, and resource data are updated and LCOE is estimated through 2032 using 2019 as a reference year. Comparisons are made to the previous offshore wind energy cost studies (Musial et al. 2019; Beiter et al. 2020). The study does not prioritize specific sites or make judgments about marine spatial planning viability.

17 WIND ENERGY↗

A systems engineering vision for floating offshore wind cost optimization

The U.S. offshore wind resource potential is immense, and often in close proximity to densely-populated coastal load centers. In many U.S. coastal areas, water depths favor the deployment of floating over fixed-bottom offshore wind technology. Floating offshore wind plants have the potential to be cost-competitive with fixed-bottom installations, but because the technology has not yet been deployed at commercial scale, it is not clear when and with what configurations this potential cost parity can be achieved. This article first reviews the state of floating offshore wind technology and deployments to identify key gaps that must be addressed to bring down the overall cost of energy produced. The article then puts forth a long-term vision for a research program and design methodology that may be able to push floating wind plants toward a lower levelized cost of energy than fixed-bottom offshore wind. The method involves a fully integrated systems-engineering and techno-economic design approach to capture the complex interactions between the physics, manufacturing, installation, and operation of floating wind turbines to achieve transformational cost reductions. The approach also envisions multifidelity and uncertainty management strategies to examine the most robust and viable concepts in the design trade-space. To better focus the computational resources, engineering lessons learned from existing offshore wind systems and concept studies are used to develop a set of criteria that can be applied to prefilter candidate technology building blocks that have the greatest cost reduction potential.

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Research of low cost wind generator rotors

A feasibility program determined that it would be possible to significantly reduce the cost of manufacturing wind generator rotors by making them of cast urethane. Several high modulus urethanes which were structurally tested were developed. A section of rotor was also cast and tested showing the excellent aerodynamic surface which results. A design analysis indicated that a cost reduction of almost ten to one can be achieved with a small weight increase to achieve the same structural integrity as expected of current rotor systems.

Fertis, D. G.↗

A Systematic Framework for Projecting the Future Cost of Offshore Wind Energy

Offshore wind costs are expected to decline rapidly in the short and medium term future as the industry grows and gains experience in manufacturing, installing, and operating commercial scale projects. Estimating the future costs of offshore wind energy is critical for evaluating the technology's economic performance, how it can fit into a broader clean energy economy, and how R&D investment can be allocated to advance the technology. We present a newly developed approach for forecasting these costs which focuses on an empirically-derived learning rate for capital costs and prescribed cost and performance improvements for operational costs and capacity factor. We establish baseline costs for a series of reference fixed-bottom and floating projects in 2021 and project cost trajectories to 2035, presenting both an average cost trajectory as well as describing the range of potential future costs associated with site-specific cost variations and uncertainty in the estimate of the learning rate. We also conduct sensitivity analyses showing the impact of different global deployments by 2035 and variations in the prescribed operational costs and capacity factors. The results show that fixed-bottom and floating offshore wind capital costs could decrease to around $\$$2,400/kW and $\$$3,300/kW by 2035, respectively, with ranges of $\$$2,100/kW - $\$$2,750/kW for fixed-bottom projects and $\$$2,850/kW - $\$$5,500/kW for floating projects. The levelized cost of energy of fixed-bottom and floating wind projects could decrease to $\$$53.1/MWh and $\$$63.9/MWh by 2035, with ranges of $\$$48.4/MWh - $\$$59.7/MWh for fixed-bottom projects and $\$$46.5/MWh - $\$$99.9/MWh for floating projects. By presenting the uncertainty associated with the forecast we provide a transparent description of the spectrum of potential cost trajectories for offshore wind.

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Expert elicitation survey predicts 37% to 49% declines in wind energy costs by 2050

Wind energy has experienced accelerated cost reduction over the past five years—far greater than predicted in a 2015 expert elicitation. Here we report results from a new survey on wind costs, compare those with previous results and discuss the accuracy of the earlier predictions. In this work, we show that experts in 2020 expect future onshore and offshore wind costs to decline 37–49% by 2050, resulting in costs 50% lower than predicted in 2015. This is due to cost reductions witnessed over the past five years and expected continued advancements. If realized, these costs might allow wind to play a larger role in energy supply than previously anticipated. Considering both surveys, we also conclude that there is considerable uncertainty about future costs. Our results illustrate the importance of considering cost uncertainty, highlight the value and limits of using experts to reveal those uncertainties, and yield possible lessons for energy modellers and expert elicitation.

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IEA Wind TCP Task 26: Wind Technology, Cost, and Performance Trends for Denmark, Germany, Ireland, Japan, Norway, Sweden, the European Union, and the United States 2016-2019

The Cost of Wind Energy represents an international collaboration dedicated to exploring the historical and future cost of wind energy in addition to the investigating the market value wind energy may provide. The countries that are currently represented by participating organizations in IEA Wind TCP Task 26 included in this report are Denmark, Germany, Ireland, Japan, Norway, Sweden, the European Union, and the United States. This manuscript documents technology and cost trends from 2008 through 2019 and discusses the trends from 2016 through 2019 that affected the cost of land-based wind energy within each country. The cost of wind energy during this period is compared with the market value of wind energy in the respective electricity market for each country.

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Wind power costs driven by innovation and experience with further reductions on the horizon

The costs of wind power have declined to levels on par with or below those of conventional sources in many parts of the world. Wind power has become one of the fastest-growing sources of new electricity generation. We take stock of wind power cost evolution over the past 20 years, review methodologies commonly used for cost assessment, discuss the potential for continued cost reduction, and identify anticipated cost and value drivers. Our scope includes both onshore and offshore wind technologies. We draw from a vast body of literature on these topics to highlight key trends, approaches, and limitations. Furthermore, we discuss strategies for wind power assets to enhance their marginal economic value to the broader power system and consumers. We identify a myriad of factors that are expected to influence the future cost and value of wind power, including siting, project scale, turbine size, operational synergies, commodity prices, advancements in turbine technologies, enhanced management of the wind resource, and novel control technologies that provide value for the electricity grid. Because the common methods for forecasting future costs each have their own strengths and weaknesses, we find the best insights are elicited from a combination of methods. Overall, researchers and analysts anticipate further sizable cost reductions for onshore and offshore wind. Midrange forecasts for levelized cost of energy in 2050 are generally between $20 and $30/MWh for onshore wind and $40 and $60/MWh for offshore wind, a reduction to approximately half of today's levels. Optimistic forecasts anticipate these levels as early as 2030.

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2022 Cost of Wind Energy Review [Slides]

The 12th annual Cost of Wind Energy Review, now presented in slide deck format, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.

17 WIND ENERGY↗

Wind Turbine Generator Reliability Analysis to Reduce Operations and Maintenance (O&M) Costs

Wind turbine major systems (blades, pitch, main bearing, gearbox, and generator) are integrated into a composite system. Specifications for these systems and components are developed to achieve symmetry of operation, avoiding negative interaction. For instance, the main bearing, gearbox, and generator (drivetrain) components are interdependent, functioning in unison for efficient energy production. Hence, wind resource and grid interactions affecting the drivetrain impact the performance and reliability of the turbine generator. This paper discusses generator reliability covering the technology evolution over the last 20 years. EPRI's Wind Network for Enhanced Reliability (WinNER) web-based tool and Shermco Industries databases are presented, and conclusions are drawn regarding failures specific to generator design, manufacturing, and operating conditions. Additionally, this paper compares the life expectancy of stator-fed configurations and doubly fed generator systems.

17 WIND ENERGY↗

Wind Energy Costs in Puerto Rico Through 2035

In 2019, Puerto Rico codified into law a 100% renewable electricity by 2050 target. Decision makers there need information about the costs and performance of wind energy technologies to incorporate into planning efforts for the future grid. After consulting with key technical stakeholders and accounting for unique conditions in Puerto Rico like increased hurricane risks, we customize NREL's Renewable Energy Potential model to calculate how capital expenditures, operational expenditures, net annual energy generation, and levelized cost of energy (LCOE) vary in time and space for wind energy projects around Puerto Rico. Wind turbines can add value by providing grid services through grid-forming inverters and complement solar energy generation with evening and nighttime electricity production, especially offshore. By 2035, we expect average costs of land-based and offshore wind energy in Puerto Rico to reach $\$$69/MWh (6.9 cents/kWh) and $\$$100/MWh (10 cents/kWh), respectively. While these projections do not include transmission system upgrade costs, they do suggest that low-cost, clean electricity is possible for Puerto Rico.

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Control co-design of 13 MW downwind two-bladed rotors to achieve 25% reduction in levelized cost of wind energy

Wind energy is recognized worldwide as cost-effective and environmentally friendly and is among the fastest-growing sources of electrical energy. To further decrease the cost of wind energy, wind turbines are being designed at ever larger scales, which is challenging due to greater structural loads and deflections. Large-scale systems such as modern wind turbines increasingly require a control co-design approach, whereby the system design and control design are performed in a more integrated fashion. We overview a two-bladed downwind morphing rotor concept that is expected to lower the cost of energy at wind turbine sizes beyond 13 megawatts (MW) compared with continued upscaling of traditional three-bladed upwind rotor designs. We describe an aero-structural-control co-design process that we have used in designing such extreme-scale wind turbines, and we discuss how we were able to achieve a 25% reduction in levelized cost of energy for our final turbine design compared to a conventional upwind three-bladed rotor design.

17 WIND ENERGY↗

2021 Cost of Wind Energy Review [Slides]

This analysis uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based, offshore, and distributed wind power in the United States. Data and results detailed here are derived from 2021 commissioned plants and representative industry data as well as state-of-the-art modeling capabilities. Modeling is conducted to provide more granular detail on specific cost categories. This study represents the 11th annual installment and is intended to provide insight into current component-level costs as well as a basis for understanding variability in wind energy LCOE across the country.

17 WIND ENERGY↗

2020 Cost of Wind Energy Review

This report uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States. Data and results detailed here are derived from 2020 commissioned plants and representative industry data as well as state-of-the-art modeling capabilities. Modeling is conducted to provide more granular detail on specific cost categories. This report represents the tenth annual installment and is intended to provide insight into current component-level costs as well as a basis for understanding variability in wind energy LCOE across the country.

17 WIND ENERGY↗

2019 Cost of Wind Energy Review

This report uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States. Data and results detailed here are derived from 2019 commissioned plants and representative industry data as well as state-of-the-art modeling capabilities. Modeling is conducted to provide more granular detail on specific cost categories. This report represents the ninth annual installment and is intended to provide insight into current component-level costs as well as a basis for understanding variability in wind energy LCOE across the country.

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Cost of Wind Energy Review: 2024 Edition [Slides]

The primary elements of this analysis include: Estimated LCOE for (1) a representative land-based wind energy project installed in a moderate wind resource in the United States, (2) a representative fixed-bottom offshore wind energy project installed in the U.S. North Atlantic, and (3) a representative floating offshore wind energy project installed off the U.S. Pacific Coast. It also updates the LCOE estimates for representative residential-, commercial-, and large-scale distributed wind projects installed in a moderate wind resource in the United States. A sensitivity analyses is included that shows the range of effects that basic LCOE variables could have on the cost of wind energy for land-based and offshore wind projects and provides updated Fiscal Year 2024 values for land-based and offshore wind energy used for Government Performance and Results Act (GPRA) reporting and illustrated progress toward established GPRA targets.

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