Concentrating Solar Power (CSP) – Solar Thermal Power Generation Technology Model

Concentrating Solar Power (CSP) – Solar Thermal Power Generation Technology Model

Your energy technology selection expert has developed a CSP Project Finance Model for use by CSP project developers.

It can help you prepare the feasibility study and design or optimize the various options to give you the lowest Levelized cost of energy (LCOE).

Given inputs on installed unit capacity, number of units, capacity factor, all-in capital cost $/kW, fixed O&M cost $/kW/year and variable O&M cost $/MWh, you can calibrate the model to meet your annual generation and determine first year tariff, short-run marginal running cost SRMC and long-run marginal running cost LRMC (also known as LCOE). More »

Capital Cost, Maintenance Cost, Levelized Tariff and Levelized Cost of Nuclear Power Plant – advanced project finance model

October 6th, 2014 No Comments   Posted in cost of power generation

Capital Cost, Maintenance Cost, Levelized Tariff and Levelized Cost of Nuclear Power Plant – advanced project finance model

This latest update will present the following:

1) The summary inputs and outputs from runs using the advanced project finance models for conventional, fossil, nuclear and renewable energy power generation technologies.

2) The worksheets or tabs of the advanced project finance model More »

Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies – Price List and Specs

September 28th, 2014 No Comments   Posted in cost of power generation

Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies – Price List and Specs (offer up to Sep 30, 2014 only)

Your power generation technology selection expert is pleased to make a final call to all project finance and power plant modelers to purchase the Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies.

The model consists of the following worksheets/tabs: More »

Why the Philippines is Lacking in Power Supply Always and is Expensive Compared to its Asian Neighbors

September 24th, 2014 No Comments   Posted in cost of power generation

Why the Philippines is Lacking in Power Supply Always and is Expensive Compared to its Asian Neighbors

Following is the outline of my power point presentation on “Why the Philippines is Lacking in Power Supply Always” and  why the Philippines has one of the highest power rate in Asia and the World.

If you need the pdf version, please email me so I could respond to your request.

 “Why the Philippines is Lacking in Power Supply Always”

By: Marcial T. Ocampo

        Energy Technology Selection and Optimization Consultant at

        OMT Energy Enterprises More »

Summary of inputs and results for project finance models for various power generation technologies – up to Sep 30, 2014 only

September 14th, 2014 No Comments   Posted in cost of power generation

Summary of inputs and results for project finance models for various power generation technologies – up to Sep 30, 2014 only

Dear Friends,

You only have up to September 30, 2014 to purchase the advanced project finance models for conventional, fossil, nuclear and renewable energy power generation technologies.

Beginning Oct 1, 2014, I will be working full-time with a major IPP in the country and I will take a leave in providing project finance models and Feasibility Study and Market Study preparations for a while.

So don’t dilly dally. Order now before I shut down this website for selling such models.

Cheers,

Energy Technology Selection Expert More »

Get Your Energy Technology Articles the Easy Way – Shopping Cart

June 19th, 2012 No Comments   Posted in energy technology expert

Get Your Energy Technology Articles the Easy Way – Shopping Cart

You can now order on-line your energy technology articles the easy way – via the Shopping Cart.

Once you have decided to purchase, proceed to order via the shopping cart and pay thru PayPal thru your bank account or your credit card and download immediately the models. More »

Get Your Project Finance Models the Easy Way – Shopping Cart

Get Your Project Finance Models the Easy Way – Shopping Cart

You can now order on-line your project finance models the easy way – via the Shopping Cart.

Once you have decided to purchase, proceed to order via the shopping cart and pay thru PayPal thru your bank account or your credit card and download immediately the models. More »

Levelized Cost of Energy – sample calculation results

October 16th, 2009 7 Comments   Posted in levelized cost of energy

Levelized Cost of Energy – sample calculation results

Please refer to the first article for the calculation formulas (US NREL and RP MTO) and the second article for the sample input data used in the calculation of levelized cost of energy and electricity (rated capacity, overnight cost, fixed and variable O&M cost, fuel cost, efficiency, capacity factor, station use, taxes, economic life, etc.).

Levelized Cost by Technology Group (using RP MTO Formula)

The levelized cost for each technology of given rated capacity is given for the RP MTO formula (with taxes and depreciation).

Please revisit this link for the US NREL and RP MTO formulas for levelized cost of energy:

http://energytechnologyexpert.com/cost-of-power-generation/how-to-calculate-the-levelized-cost-of-power-or-energy/ More »

Sample data for calculating the levelized cost of energy and electricity

SAMPLE DATA FOR CALCULATING THE LEVELIZED COST OF ENERGY AND ELECTRICITY

Your favorite energy technology expert presents sample data for calculating the levelized cost of energy and electricity which could be applied on the NREL formula or implemented in a detailed project finance model.

The input data are summarized below. More »

How to calculate the levelized cost of energy – some updates

How to Calculate the Levelized Cost of Energy and Electricity – some updates and developments


The author is re-issuing this article in view of the tremendous interest worldwide on this article.  A number of readers have in fact ordered my technology articles, specifically on the cost of power generation technology (a spreadsheet containing the technology, rated capacity, overnight cost $/kW, capacity factor % of rated capacity, fixed O&M $/kW/year, variable O&M $/kWh, energy conversion efficiency % of fuel energy, fuel cost $/GJ, economic life years, construction lead time years, reliability % of operating hours, availability % of calendar days, and levelized cost $/kWh).


Using the NREL formula and a detailed project finance model, I was able to demonstrate that the results would be the same in calculating the levelized cost of energy or electricity.  The reader is adviced to email me if they would like to get a copy of the spreadsheet showing the two calculations.

With the passage of the Philippine Renewable Energy Act of 2009 (RE Law) and its implementing rules and regulations (IRR), it is imperative that financial models for renewable energy projects be revised accordingly.  This author and our group of experts would assist project proponents and investors in the Philippines develop an updated financial model for evaluating their RE project proposals for endorsement by the Department of Energy (DOE) and for the approval of their feed-in tariffs with the Energy Regulatory Commission (ERC). More »

How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate

How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate


This is the 4th sequel to the 1st blog on “How to Calculate the Levelized Cost of Energy – a simplified approach”.


Using sample data and reasonable assumptions, I’ve calculated the potential reduction in the weighted average levelized cost of electricity in the energy mix of the Philippines should the mothballed 620 MW Bataan Nuclear Power Plant (BNPP) be revived and allowed to operate again after being in preservation mode since the early 1990’s. More »

Sample Levelized Cost of Energy – the cheapest and most expensive technology

Sample Levelized Cost of Energy – the cheapest and most expensive technology

As the third article of the  series on “How to Calculate the Levelized Cost of Energy”, the author is now ready to present the summary of levelized cost per technology group.  Please refer to the first article for the calculation formulas (US NREL and RP MTO) and the second article for the sample input data used in the calculations (rated capacity, overnight cost, fixed and variable O&M cost, fuel cost, efficiency, capacity factor, station use, taxes, economic life, etc.).

Levelized Cost by Technology Group (using RP MTO Formula)

The levelized cost for each technology of given rated capacity is given for the RP MTO formula (with taxes and depreciation).

Conventional Thermal Plants

Oil Thermal (fuel oil) – 300 MW, 0.1397 $/kWh

Orimulsion Thermal (orimulsion) – 100 MW, $0.1030 $/kWh

Gas Thermal (natural gas) – 100 MW, 0.0808 $/kWh

Pulverized Coal Thermal (coal) – 600 MW, 0.0665 $/kWh

Compression Ignition Engines

Reciprocating Diesel Engine (diesel, fuel oil) – 50 MW, 0.1605 $/kWh

Reciprocating Orimulsion Engine (orimulsion) – 50 MW, 0.1143 $/kWh

Gas Turbines (oil, natural gas)

Simple GT – 35 MW, 0.0755 $/kWh

Recuperated GT – 3 MW, 0.0739 $/kWh

Cascaded Humid Air Turbine (CHAT) – 11 MW, 0.0804 $/kWh

Cascaded Humid Air Turbine (CHAT) – 300 MW, 0.0584 $/kWh

Heavy Frame GT – 200 MW, 0.0875 $/kWh

Combined Cycle GT – 500 MW, 0.0607 $/kWh

More »

Cómo calcular el coste levelized de energía y de electricidad – muestree los datos y los cálculos

How to calculate the levelized cost of energy and electricity – sample data and calculations

As promised in my last blog “How to Calculate the Levelized Cost of Energy – a simplified approach”, I am sharing sample data, assumptions and calculations to provide our readers with greater understanding.

The author, your favorite Energy Technology Expert – Mr. Marcial T. Ocampo , has indeed invested tremendous time and resources to bring this blog to the world and the Philippines.

Should the reader/user find the materials, topics, technology briefs, energy data and formulas very useful and would like to continue receiving such useful information, Marcial would like to request the benefited reader to donate or sponsor the continued updating of this blog.

Please keep in touch with Marcial using the contact information at the end of this blog. There is no fixed amount. Marcial would leave it to the good reader the amount of donation he would like to contribute.

Alternatively, you could order the specific topics of interest and use PayPal to effect the payment. Delivery via email will follow for the ordered technology topic.

You could also retain me as consultant in your energy and business development projects and when bidding for NPC/PSALM power plants for sale in the Philippines. Our select group (technology expert, power plant expert, financial modeling expert and legal expert) will conduct a legal and technical due diligence of the power plant for sale, prepare the technical, economic and financial inputs to a detailed project finance model for estimating the value of the power plant. In this way, you will enhance the chance of your company winning the bid and start operating your own power plant in the Philippines. More »

How to Calculate the Levelized Cost of Energy – a simplified approach

How to Calculate the Levelized Cost of Energy – a simplified approach

Calculating the levelized cost of energy is a fundamental principle in the energy and power industry. It basically allows the comparison of various technologies of unequal life times and capacities without resorting to developing a full-blown project finance model.

This simplified approach is particularly appropriate when doing a rough estimate on the cost of electricity given the various technologies in a country. By applying the formula on each power plant, as if it is continuously replaced to provide incremental power to meet new incremental demand, it provides a good estimate on the cost of electricity had a new plant been constructed to replace the old plant that became obsolete.

The weighted average levelized cost for the country is then estimated by using the electricity generation of each technology as weighing factor. For instance, the effect of injecting a nuclear power plant into the generation mix will be estimated quickly so that the country’s average levelized cost of energy could be compared with its neighboring competitor countries having nuclear power. Applying the same set of formulas and cost factors for each technology will yield a good index on our country’s competitiveness with respect to power costs.

Various Power Generation Technologies

I am sharing with you my own list and classification of the various power generation technologies, both existing and future technologies, that taken as a whole, would supply the ever growing needs of the peoples of our mother earth.

Levelized Cost of Each Power Generation Technology

The only way power generation technologies could be compared with respect to cost is to calculate the levelized cost of energy over its economic life. This involves obtaining data on rated capacity kW, overnigh costs $/kW, fixed Operating & Maintenance cost $/kW/year, variable O&M cost $/kWh, efficiency % or plant heat rate kJ/kWh, economic life years, availability %, load factor % or capacity factor %, fuel cost $/GJ or $/kg or $/L, fuel Gross Heating Value kJ/kg or kJ/L, fuel density kg/L, and construction lead time years.

The levelized cost allows comparison of different power generation technologies of unequal economic life, capital cost, risk and returns, capacity factor, efficiencies or plant heat rate, fuel costs and construction lead times.

The basic formula used is based on the US NREL formula for the levelized cost of energy (net):

Net COE = ICC * CRF / AEPnet + (LLC + O&M + LRC + MOE) – PTC, in US $/kWh

where ICC = Initial Capital Cost (total debt), $

CRF = capital recovery factor, 1/yr = int / (1 – (1 + int)^-Life)

AEPnet = Net Annual Energy Production, kWh/yr (net of plant own use)

= (kW capacity) * (capacity factor) * (hours/year)

LLC = Land Lease Cost, $/kWh

O&M = Levelized Operating & Maintenance Expense, $/kWh

LRC = Levelized Replacement/Overhaul Cost, $/kWh

MOE = Miscellaneous Operating Expense, $/kWh

PTC = US Production Tax Credit, $/kWh

In the case of the Philippines where the effect of income tax and depreciation needs to be considered, the RP MTO formula developed by Engr. Marcial T. Ocampo is shown:

More »

Energy Technology Expert – my expertise and services

Where to Get Assistance for Energy & Electricity Investment Opportunities in the Philippines

Marcial Ocampo provides a blog on issues and concerns regarding current and future fuel cycles and power generation technologies as they affect the environment, fuel supplies and power generation capacities, efficiency of utilization of fuel or energy resource, pollution & greenhouse gas emissions, and cost of power (overnight capital cost $/kW) and energy (levelized $/kWh).

He provides market, technical and economic feasibility studies and prepares project finance models for determining asset value (bid price), levelized price of energy or electricity, or equity returns (DCF IRR).

He is also familiar with investment opportunities in the Philippine energy and electricity sector (Philippine Energy Plan, Power Development Plan) and the regulatory framework (EPIRA and RE laws,  implementing rules and regulations, Distribution Code, Grid Code) for purchasing a power plant from PSALM/NPC or for putting up a new power plant (conventional, fossil or renewable).

He can guide you in securing incentives under the latest Philippine Renewable Energy (RE) law and its implementing rules and regulations (IRR).

In addition, he could guide you in securing the needed endorsement from the Philippine Department of Energy (DOE), permits and licenses from the Energy Regulatory Commission (ERC) and other government agencies (DTI, SEC, BIR, DENR, EMB, NWRB, PNRI, DOLE, NTC, BOC, PPA, ATO, PDEA, BOI, NCIP and LGUs) in order that the facility is duly licensed to operate as a power generation facility with an electricity tariff that is the “best new entrant” for the given location and application in order to balance the need of the customers for affordable electricity and the need of the investor to meet its investment return criteria.

Should you need assistance in preparing a project finance model and a feasibility study (market, technical, economic, financial) using Philippine oil, energy and electricity data, please don’t hesitate to contact Marcial.

email:    mars_ocampo@yahoo.com   and   energydataexpert@gmail.com

tel/fax: (632)-932-5530 More »

Cost of Power Generation Technologies

The file (129 KB) will cover the following topics:

Type of power plant, Commercial Capacity, Overnight Capital Cost, Fixed O&M ($/kW/yr), Variable O&M (cents/kWh), Thermal Efficiency or Plant Heat Rate, Availability Factor, Load Factor, Construction Lead Time, Economic Life, Fuel Cost ($/GJ), Levelized Cost of Electricity ($/kWh).

Power Generation Technologies:

  • Oil – Gas Thermal
  • Reciprocating / Piston Engine
  • Small or High-Speed
  • Medium Speed
  • Large or Slow Speed
  • Combined Cycle – Waste Heat Boiler
  • Natural Gas – Simple GT
  • Aero-Derivative GT
  • With Recuperation
  • Humid Air Turbine (HAT)
  • Cascaded Humid Air Turbine (CHAT)
  • Heavy Frame GT
  • Natural Gas – Combined Cycle GT
  • Coal – Pulverized
  • Atmospheric CFB
  • Pressurized FBC
  • IGCC
  • IGHAT
  • Direct Coal-Fired Combined Cycle (DCCC)
  • Super critical & Ultra-Super critical Coal Comb.
  • Geothermal
  • Dry Steam (Vapor)
  • Flashed Steam (Single, Double)
  • Binary Cycle
  • Petrothermal (Hot Dry Rock)
  • Geothermal Preheat
  • Fossil Superheat
  • Nuclear Fission
  • Boiling Water Reactor (BWR), advanced
  • Pressurized Water Reactor (PWR)
  • Pressurized Heavy Water Reactor (PHWR)
  • Advanced Gas-Cooled Reactor (AGR)
  • Candu Reactor
  • High Temp. Gas-Cooled Reactor (HTGR)
  • Gas Turbine Modular Helium Reactor (GT-MHR)
  • Breeder Reactors
  • Nuclear Fusion
  • Hydro
  • Large
  • Pelton Turbine – 50-6,000 ft head
  • Francis Turbine – 10-2,000 ft head
  • Propeller Turbine – 10 – 300 ft head
  • Kaplan Turbine
  • Small / Mini
  • Micro
  • Pumped Hydro
  • Wind
  • Solar PV
  • Crystalline silicon
  • Thin film – Amorphous Silicon
  • Thin film – Indium Diselenide
  • Flat Plate
  • High Efficiency Multi Junction – IHCPV
  • Solar Thermal
  • Trough
  • Tower
  • Dish
  • Salt Pond (power + water)
  • Biomass
  • Direct Combustion
  • Co-firing with Coal
  • Biomass Gasification (BIGCC)
  • Municipal Waste
  • Pyrolysis
  • Landfill Gas (40 – 60% CH4)
  • Anaerobic Digestion (65% CH4)
  • Sewage Digestion
  • Fuel Cells
  • Alkaline (AFC)
  • Phosphoric Acid (PAFC)
  • Proton Exchange Membrane (PEM)
  • Direct Methanol
  • Molten Carbonate (MCFC)
  • Solid Oxide-GT (SOFC)
  • Solid Oxide-GT (SOFC-GT)
  • Energy Storage:
  • Compressed Air Energy Storage (CAES) – Huntorf
  • Large CAES
  • Small CAES
  • Above Ground CAES
  • Flywheel Systems
  • Utility Scale Batteries (USB)
  • Lead acid
  • Advanced
  • Stored Hydrogen
  • Superconduction Magnetic Energy Storage (SMES)
  • Ultracapacitors
  • Ocean Thermal
  • Claude (open cycle)
  • Controlled Flash Evaporation (open)
  • Anderson (closed cycle)
  • Ocean Wave
  • Oscillating Water Column (OWC)
  • Hydraulic Accumulator
  • High Level Reservoir
  • Float or Pitching Devices
  • Wave Surge or Focusing (“tapchan”)
  • Pendulor
  • Tidal Power
  • Single Pool
  • Modulated Single Pool w/ Pumped Hydro
  • Two Pool

Price: 30 USD


Fuel & Energy Technology Expert is Here

Fuel & Energy Technology Expert is Here

Marcial Ocampo, your favorite energy technology expert, is here to provide you latest information on:

1) energy and oil prices (international and domestic pump price calculation)

2) renewable energy and non-renewable energy and electricity

3) cost of power generation – capital and O&M cost

4) levelized cost of energy and electricity

5) Philippine energy and electricity demand and supply

6) project finance and financial modeling

7) power plant efficiency and performance

8) project feasibility studies for biofuels and power plant (market, technical, economic and financial)

Examples of Power Generation Technologies in commercial use are as follows:

Oil – Gas Thermal

Reciprocating / Piston Engine:

Small or High-Speed
Medium Speed
Large or Slow Speed
Combined Cycle – Waste Heat Boiler

Natural Gas – Simple GT:

Aero-Derivative GT
With Recuperation
Humid Air Turbine (HAT)
Cascaded Humid Air Turbine (CHAT)
Heavy Frame GT

Natural Gas – Combined Cycle GT

Coal:

Pulverized Coal PC
Atmospheric CFB
Pressurized FBC
Integrated Gasification Combined Cycle IGCC
Integrated Gasification Humid Air Turbine IGHAT
Direct Coal-Fired Combined Cycle DCCC
Supercritical & Ultra-Supercritical Coal Comb.

Nuclear Fission:

Boiling Water Reactor (BWR), advanced
Pressurized Water Reactor (PWR)
Pressurized Heavy Water Reactor (PHWR)
Advanced Gas-Cooled Reactor (AGR):
– Candu Reactor
High Temp. Gas-Cooled Reactor (HTGR)
Gas Turbine Modular Helium Reactor (GT-MHR)
Breeder Reactors

Nuclear Fusion

Hydro:

Large:
– Pelton Turbine – 50-6,000 ft head
– Francis Turbine – 10-2,000 ft head
– Propeller Turbine – 10 – 300 ft head:
– Kaplan Turbine
Small / Mini
Micro

Energy Storage:

Pumped Hydro
Compressed Air Energy Storage (CAES) – Huntorf:
– Large CAES
– Small CAES
– Above Ground CAES
Flywheel Systems
Utility Scale Batteries (USB):
– Lead acid
– Advanced
Stored Hydrogen
Superconduction Magnetic Energy Storage (SMES)
Ultracapacitors

Geothermal:

Dry Steam (Vapor)
Flashed Steam (Single, Double)
Binary Cycle
Petrothermal (Hot Dry Rock)
Geothermal Preheat
Fossil Superheat

Wind

Solar PV:

Crystalline silicon
Thin film – Amorphous Silicon
Thin film – Indium Diselenide
Flat Plate
High Efficiency Multi Junction (IHCPV)

Solar Thermal:
Trough
Tower
Dish
Salt Pond (power + water)

Fuel Cells:

Alkaline (AFC)
Phosphoric Acid (PAFC)
Proton Exchange Membrane  (PEM)
Direct Methanol (DMFC)
Molten Carbonate (MCFC)
Solid Oxide-GT  (SOFC-GT)

Biomass:

Direct Combustion
Co-firing with Coal
Biomass Gasification (BIGCC)
Municipal Waste Treatment
Pyrolysis

Fermentation
Landfill Gas (40 – 60% CH4)
Anaerobic Digestion Biogas (65% CH4)
Sewage Treatment

Ocean Thermal:

Claude (open cycle)
Controlled Flash Evaporation (open)
Anderson (closed cycle)

Ocean Wave:

Oscillating Water Column (OWC)
Hydraulic Accumulator
High Level Reservoir
Float or Pitching Devices
Wave Surge or Focusing (“tapchan”)
Pendulor

Tidal Power:

Single Pool
Modulated Single Pool w/ Pumped Hydro
Two Pool

Additional technologies provided by readers of this blog:

Waste Heat Recovery: (from Alan Belcher’s comments)

Steam Rankine Cycle (Recycled Energy Development, Inc.)

Organic Rankine Cycle (Ormat Technologies, Inc.)*

Low Temperature Brayton Cycle (Pegasus Energy Project, Inc.)