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An inverter-based resource (IBR) is a source of electricity that is asynchronously connected to the electrical grid via an electronic power converter ("inverter"). The devices in this category, also known as converter interfaced generation ( CIG ), include the variable renewable energy generators (wind, solar) and battery storage power stations ...
A synchronous generator’s rotating mass acts as a bank of kinetic energy for the grid to counteract changes in frequency – it can either provide or absorb power from the grid – caused by an imbalance of electric power supply and demand – in the form of kinetic energy by speeding up or slowing down.
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 ...
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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers ...
As an example, consider the use of a 10 hp, 1760 r/min, 440 V, three-phase induction motor (a.k.a. induction electrical machine in an asynchronous generator regime) as asynchronous generator. The full-load current of the motor is 10 A and the full-load power factor is 0.8.
Cost estimation models are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.
There are several cost, schedule, and effort estimation models which use SLOC as an input parameter, including the widely used Constructive Cost Model series of models by Barry Boehm et al., PRICE Systems True S and Galorath's SEER-SEM. While these models have shown good predictive power, they are only as good as the estimates (particularly the ...