PRIMRE/Telesto/Economics
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Economics
Levelized Cost of Energy (LCOE) Guidance
Useful information on calculating the Levelized Cost of Energy (LCOE) and Marine Energy Cost Breakdown Structure is available on the MHKDR and includes:
- Marine Energy System Cost Breakdown Structure (CBS) (Updated June 2021)
- LCOE Reporting Guidance (Updated October 8, 2015)
- LCOE Reference Resource
- LCOE Reporting Guidance Presentation with Example Case This presentation is supplementary to the above LCOE Reporting Guidance.
Additional LCOE Guidance resources:
- Legacy MHK LCOE Reporting Guidance (September 9,2014 - October 7, 2015)
- National Renewable Energy Laboratory Risk Register - A repository for current risk information that could influence project success based on the findings in the MHK Risk Management Framework Report.
- LCOE Reference Resource - Updated January 27, 2016 MHK LCOE Reference Resource updated on January 27, 2016. Previous versions (October 8, 2015 - January 27, 2016) and (2013 - October 7, 2015)
- System Advisor Model (SAM) for techno-economic modeling of marine energy systems.
- Expert Elicitation for Wave Energy LCOE Futures (Updated 2022, with LCOE estimates from 2020).
Jobs and Economic Development Impacts (JEDI)
Developed by researchers at the National Renewable Energy Laboratory, the Jobs and Economic Development Impact (JEDI) models are user-friendly tools that estimate the economic impacts of constructing and operating power generation plants at the local and state levels. Using JEDI, you can analyze the energy impacts of wind, marine, biofuels, concentrating solar power, geothermal, coal, and natural gas power plants.
The JEDI Marine and Hydrokinetic Model allows users to estimate economic development impacts from marine hydrokinetic projects and includes default information that can be utilized to run a generic impact analysis assuming industry averages. Download the model and access a user reference guide .
Researchers are updating the JEDI Marine and Hydrokinetic Power Model. To ask a question, report an issue, make a suggestion, or stay up to date on the model’s development, .