Comparative study and evaluation of advanced-cycle systems. Final report
A number of advanced energy-conversion concepts are now being proposed to supplement or supersede conventional power-generation technology. They are being proposed by individuals and organizations with widely varied backgrounds, using a diversity of approaches and assumptions for predicting performance, cost, and development requirements. The work reported here was undertaken to assist EPRI in planning R and D for the utility industry by analyzing 19 of the advanced concepts on a common basis using uniform technical and economic assumptions. The concepts range from a steam cycle with an atmospheric fluidized-bed furnace to longer-term options such as magnetohydrodynamic systems. The primary purpose of this study is to define techniques for assessing the worth of these concepts to the utility industry and the nation as a whole. Three methods have been developed: levelized cost of electricity; direct-weighting method; and net-present-worth method. These measure not only the life-cycle costs associated with each power plant concept, but also the intangible attributes such as development risk and reliability. They assess the relative importance of costs and intangibles in the context of utility goals.
- Research Organization:
- General Electric Co., Schenectady, NY (USA)
- OSTI ID:
- 6889622
- Report Number(s):
- EPRI-AF-664(Vol.1)
- Country of Publication:
- United States
- Language:
- English
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