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The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Mains electricity, utility power, grid power, domestic power, wall power, household current, [2] or, in some parts of Canada, hydro, is a general-purpose alternating-current (AC) electric power supply. It is the form of electrical power that is delivered to homes and businesses through the electrical grid in many parts of the world. People use ...
The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [1] [2] [3] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction ...
A turbo generator is an electric generator connected to the shaft of a turbine (water, steam, or gas) for the generation of electric power. [ note 1 ] Large steam-powered turbo generators provide the majority of the world's electricity and are also used by steam-powered turbo-electric ships.
U.S. NRC image of a modern steam turbine generator (STG). In electricity generation, a generator [1] is a device that converts motion-based power (potential and kinetic energy) or fuel-based power (chemical energy) into electric power for use in an external circuit.
Grid-tie inverters are used between local electrical power generators: solar panel, wind turbine, hydro-electric, and the grid. [ 1 ] To inject electrical power efficiently and safely into the grid, grid-tie inverters must accurately match the voltage, frequency and phase of the grid sine wave AC waveform .
TIMES is a technology rich, bottom-up model generator, which uses linear programming to produce a least-cost energy system, optimized according to a number of user-specified constraints, over the medium to long-term. It is used for "the exploration of possible energy futures based on contrasted scenarios".
The superior power-to-weight ratio of the gas turbine and its fixed speed gearbox, allows for a much lighter prime mover than for the Toyota Prius (a 1.8 litre petrol engine) or the Chevrolet Volt (a 1.4 litre petrol engine). This in turn allows a heavier weight of batteries to be carried, which allows for a longer electric-only range.
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