Advanced TidGen Power System - LCOE Calculations and System Overview
- Ocean Renewable Power Company
The TidGen Power System generates emission-free electricity from tidal currents and connects directly into existing grids using smart grid technology. The power system consists of three major subsystems: shore-side power electronics, mooring system, and turbine generator unit (TGU) device. This submission includes the Advanced TidGen cost and cost of energy metrics after critical design review for BP1, and a complete LCOE content model and LCOE reporting according to DOE guidance for the baseline system and the system with advanced technology integrated. A revised LCOE content model is also included, with more relevant market array assumptions. Additionally, this submission includes a complete system overview and component overview content models. The LCOE Content Model provides data submitters with an easy and consistent means of uploading data that can be used to calculate the levelized cost of energy for MHK devices. Data represents the design completed for the Critical Design Review conducted at ORPC in December, 2017. All values are for a single device. Note that with substantial fixed costs, larger arrays will greatly reduce LCOE. For an array in Admiralty Inlet producing 136,000 MWh, 270 devices with an array CAPEX of $540,260,052 and an array OPEX of $39,959,207 would result in an LCOE of $722/MWh.
- Research Organization:
- Marine and Hydrokinetic Data Repository (MHKDR); Ocean Renewable Power Company
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
- Contributing Organization:
- Ocean Renewable Power Company
- DOE Contract Number:
- EE0007820
- OSTI ID:
- 1492964
- Report Number(s):
- 269
- Availability:
- MHKDRHelp@nrel.gov
- Country of Publication:
- United States
- Language:
- English
Similar Records
Advanced TidGen Power System - ProteusDS Version 2.43.5 Files
Modular RivGen LCOE Content Model
Related Subjects
CEC
COE
Hydrokinetic
LCOE
MHK
Marine
TA1
TidGen
array
baseline
canal
components
content model
cost of energy
cross-flow turbine
current
data
device
economics
energy
financial
improved
levelized cost of energy
metrics
ocean
orpc
overview
parameters
performance
power
resource
river
single
system
system content model
tidal
tidal current