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2011
DOI: 10.2172/1513278
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Quality Guidelines for Energy System Studies: Cost Estimation Methodology for NETL Assessments of Power Plant Performance

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Cited by 33 publications
(36 citation statements)
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“…The methodology used is similar to the one adopted in [9,35,36] on similar plants. The total plant cost is calculated with the bottom-up approach, breaking down the power plant into the basic components or equipment, and then adding installation costs (TIC), indirect costs (IC), and owner's and contingencies costs (C&OC) [37], as defined in Equation (8).…”
Section: Methodsmentioning
confidence: 99%
“…The methodology used is similar to the one adopted in [9,35,36] on similar plants. The total plant cost is calculated with the bottom-up approach, breaking down the power plant into the basic components or equipment, and then adding installation costs (TIC), indirect costs (IC), and owner's and contingencies costs (C&OC) [37], as defined in Equation (8).…”
Section: Methodsmentioning
confidence: 99%
“…Results are also compared with values found for conventional hydrogen production systems from [7]. The total plant cost (TPC) is calculated with a bottom-up approach breaking down the power plant into basic components or equipment, and then adding installation costs, indirect costs and owner's and contingencies costs [21]. The components costs, obtained from literature, quotes and reports are then scaled and actualized with the CEPCI index.…”
Section: Techno-economic Resultsmentioning
confidence: 99%
“…where CCF represents the carrying charge factor [21] and M H2 is the amount of hydrogen produced in one year of operation. The total installation costs were taken equal to 65% and 80% of the total equipment cost for the innovative and conventional systems respectively [22,23].…”
Section: Techno-economic Resultsmentioning
confidence: 99%
“…The economic analysis is based on the methodology employed by National Energy Technology Laboratories (NETL) and National Renewable Energy Laboratory (NREL) [40,41], which includes total investment cost and operating cost assessment according to NETL model, and discounted cash flow analysis based on the assumption from NREL. The total investment cost is calculated based on the total plant cost (TPC), which is scaled by Equation (18).…”
Section: Economic and Uncertainty Analysismentioning
confidence: 99%