Friday, August 8, 2014

Technology:

Frugal Geothermal – The Cost of Generating Electricity By Source (Energy Trends)

The scope of electricity generation cost is astounding! On average it costs 5 times more to generate electricity from solar thermal power than geothermal power.


Specifically, the data we see plotted above is the levelized cost of electricity (LCOE) – a static that estimates the cost of building and operating a generating plant for a period of time (here it is 30 years). LCOE includes capital costs, fuel costs, operations & maintenance, financing costs, etc.

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