Tuesday, November 2, 2021

Lazard: "Levelized Cost Of Energy, Levelized Cost Of Storage, and Levelized Cost Of Hydrogen"

note: in the second chart below comparing the Levelized Cost of renewables versus the marginal cost of conventional energy sources is a bit apples and oranges, but the overall impression the report gives seems about right.

From Lazard, October 28, 2021:

Levelized Cost of Energy

Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 15.0) shows the continued cost-competitiveness of certain renewable energy technologies on a subsidized basis and the marginal cost of coal, nuclear and combined cycle gas generation. The costs of renewable energy technologies continue to decline globally, albeit at a slowing pace, reflecting reductions in capital costs, increased competition as the sector continues to mature and continued improvements in scale and technology.

 [click here to enlarge]

Additional highlights for LCOE 15.0:

chart 2

[click here to enlarge]

When U.S. government subsidies are included, the cost of onshore wind and utility-scale solar continues to be competitive with the marginal cost of coal, nuclear and combined cycle gas generation. The former values average $27/MWh for utility-scale solar and $25/MWh for utility-scale wind, while the latter values average $42/MWh for coal, $29/MWh for nuclear and $24/MWh for combined cycle gas generation....

....MUCH MORE (detailed explanations+++)