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WREF 2012: THE PAST AND FUTURE COST OF WIND ENERGY

Description: The future of wind power will depend on the ability of the industry to continue to achieve cost reductions. To better understand the potential for cost reductions, this report provides a review of historical costs, evaluates near-term market trends, and summarizes the range of projected costs. It also notes potential sources of future cost reductions. Our findings indicate that steady cost reductions were interrupted between 2004 and 2010, but falling turbine prices and improved turbine performance are expected to drive a historically low LCOE for current installations. In addition, the majority of studies indicate continued cost reductions on the order of 20%-30% through 2030. Moreover, useful cost projections are likely to benefit from stronger consideration of the interactions between capital cost and performance as well as trends in the quality of the wind resource where projects are located, transmission, grid integration, and other cost variables.
Date: March 26, 2012
Creator: NREL,; Wiser, Ryan; Lantz, Eric & Hand, Maureen
Partner: UNT Libraries Government Documents Department

The Future Potential of Waver Power in the United States

Description: The theoretical ocean wave energy resource potential exceeds 50% of the annual domestic energy demand of the United States, is located close to coastal population centers, and, although variable in nature, may be more consistent and predictable than some other renewable generation technologies. As a renewable electricity generation technology, ocean wave energy offers a low air pollutant option for diversifying the U.S. electricity generation portfolio. Furthermore, the output characteristics of these technologies may complement other renewable technologies. This study addresses the following: (1) The theoretical, technical and practical potential for electricity generation from wave energy (2) The present lifecycle cost profile (Capex, Opex, and Cost of Electricity) of wave energy conversion technology at a reference site in Northern California at different plant scales (3) Cost of electricity variations as a function of deployment site, considering technical, geo-spatial and and electric grid constraints (4) Technology cost reduction pathways (5) Cost reduction targets at which the technology will see significant deployment within US markets, explored through a series of deployment scenarios RE Vision Consulting, LLC (RE Vision), engaged in various analyses to establish current and future cost profiles for marine hydrokinetic (MHK) technologies, quantified the theoretical, technical and practical resource potential, performed electricity market assessments and developed deployment scenarios. RE Vision was supported in this effort by NREL analysts, who compiled resource information, performed analysis using the ReEDSa model to develop deployment scenarios, and developed a simplified assessment of the Alaska and Hawaii electricity markets.
Date: September 20, 2012
Creator: Previsic, Mirko; Epler, Jeff; Hand, Maureen; Heimiller, Donna; Short, Walter & Eurek, Kelly
Partner: UNT Libraries Government Documents Department

Power System Modeling of 20percent Wind-Generated Electricity by 2030

Description: The Wind Energy Deployment System model was used to estimate the costs and benefits associated with producing 20% of the nation's electricity from wind technology by 2030. This generation capacity expansion model selects from electricity generation technologies that include pulverized coal plants, combined cycle natural gas plants, combustion turbine natural gas plants, nuclear plants, and wind technology to meet projected demand in future years. Technology cost and performance projections, as well as transmission operation and expansion costs, are assumed. This study demonstrates that producing 20% of the nation's projected electricity demand in 2030 from wind technology is technically feasible, not cost-prohibitive, and provides benefits in the forms of carbon emission reductions, natural gas price reductions, and water savings.
Date: June 9, 2008
Creator: Bolinger, Mark A; Hand, Maureen; Blair, Nate; Bolinger, Mark; Wiser, Ryan; Hern, Tracy et al.
Partner: UNT Libraries Government Documents Department