Energy Return on Investment
Another important factor that can persuade potential developers in the energy industry is investment recovery. If a particular power plant cannot recover the financial cost of building and operating it through the electricity it produces and sells, then it is not economically viable. Measuring the energy efficiency of an energy generating technology or system can […]
Levelized Cost of Energy
Calculating generation cost is one way to determine whether a particular energy technology is cost-effective and worthy of investment. Moreover, the ability to compare costs using different technologies is crucial for developing investment strategies, policies and deciding budgets.[1] Generation costs can be expressed through the levelized cost of energy (LCOE), a commonly used metric to […]