A technical and financial analysis of two recuperated, reciprocating engine driven power plants. Part 2: Financial analysis
نویسندگان
چکیده
This paper is the second of a two part study that analyses the technical and financial performance of particular, recuperated engine systems. This second paper examines the financial performance of two hybrid (renewable/fossil), chemically recuperated power plants. One of these plants uses the combustion of biomass as the renewable energy input. The other assumes that solar thermal energy is used. This financial analysis estimates the so-called Levelized Cost of Electricity (LCOE) of both hybrids using reference data from several sources. Using consistent financial inputs, the LCOE of both hybrid plants is found to be comparable to the LCOE of natural gas combined cycle (NGCC) power generation. Further, the LCOE of the renewable portion of the hybrid plants’ total power output is significantly cheaper than that of all the renewable plants examined in the EPRI report, and is competitive with the fossil plants. As a result, the proposed hybrids appear to be a cost-effective form of greenhouse gas mitigation. Crown Copyright 2013 Published by Elsevier Ltd. All rights reserved.
منابع مشابه
A technical and financial analysis of two recuperated, reciprocating engine driven power plants. Part 1: Thermodynamic analysis
This paper is the first of a two part study that analyses the technical and financial performance of particular, recuperated engine systems. This first paper presents a thermodynamic study of two systems. The first system involves the chemical recuperation of a reciprocating, spark ignited, internal combustion engine using only the waste heat of the engine to power a steam–methane reformer. The...
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