U.S. Average Levelized Cost of Electricity by Source

U.S. Average Levelized Cost of Electricity by Source

 

Explanation:

Capitol Cost: Initial costs of the River Turbine can be compared to Onshore Wind Turbines and Hydroelectric (without a dam). They are comprized of most of the same parts and construction would be similar. Instead of building atop a tower, construction would be under water.
Fixed O & M: There are minimal Operation costs. The turbines are automative using Transgearâ„¢ and Hatch controls. The maintenance costs will be similar to Hydroelectric and Onshore Wind; however, maintenance can be optimized with plug and play parts to minimize down-time for the turbines. Turbines can also resurface for maintenance work above water.
Variable O&M: There is no variable O&M cost. Free-flow rivers are renewable resources.
Transmission: Transmission of the energy will be very inexpensive. The turbines can be placed in close proximity to the demand for power.
Source: Levelized Cost of New Generation Resources in the Annual Energy Outlook 2013. Released January, 2013. Report of the US Energy Information Administration (EIA) of the US Department of Energy (DOE)