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At least 73 records · Page 4

A New Era for Solar and Storage: Partnering for Continued Success

Solar energy has grown faster than experts projected. Energy storage technologies are poised to repeat that success, enabling a partnership to keep the lights on even after the sun sets. As current impacts and growing threats of climate change become more visible and the world accelerates efforts to adopt new clean-energy technology, electricity generation from solar and wind is playing an increasing role in the energy system. However, it can be confusing - we hear that solar has great potential, but we also hear that solar and wind are too small to make a meaningful difference, providing just 3% and 6% of the world's electricity in 2020, respectively (1). What is the reality and what can we expect in the coming years? This article focuses on solar, but wind has an equally impressive and interesting story. This article reviews how prices for solar have dropped dramatically and deployment has increased correspondingly to the point where solar is almost half of the new electricity generating capacity being installed globally today. It shows how solar-generated electricity has grown to the point where we need to pair it with storage or other strategies for balancing electricity supply and demand. The article also explores how lithium-ion batteries are replicating solar technology's big success and discusses new storage technologies that are being developed.

14 SOLAR ENERGY↗

Deer Isle and Stonington Energy Reliability Opportunities

The towns of Deer Isle and Stonington, located on the island of Deer Isle in Maine, partnered with the U.S. Department of Energy's Energy Technology Innovation Partnership Project (ETIPP) to examine options to enhance energy resilience, reduce dependence on imported fuels, and mitigate high energy costs. With technical support from the National Laboratory of the Rockies (NLR), Lawrence Berkeley National Laboratory (LBNL), and regional partner the Island Institute, the project focused on evaluation of the local electricity distribution infrastructure, examination of ongoing activities to reduce the frequency of outages, review of the applicable policy and regulatory environment, and identification of potential on-site energy solutions. Key findings revealed the island's reliance on a single distribution line, and limited hosting capacity for additional distributed energy resources. Solar photovoltaics (PV) technology, with and without battery storage, was found to be the most viable technology given economic, technical, and social considerations. While also technically feasible, wind energy faces more difficult siting and less public acceptance compared to PV. Marine energy technologies were determined to be infeasible due to technology immaturity and lengthy permitting timelines. Modeling of potential building-scale PV plus storage systems resulted in successful grant applications for installations at two local facilities. Analysis of community scale energy generation and storage options resulted the local utility, Versant, submitting a grant application for a proposed community-scale battery storage system to increase grid resilience and hosting capacity. This initiative has strengthened the communities' energy planning capabilities and laid the groundwork for future clean energy development.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Land-Based Wind Market Report: 2022 Edition

The U.S. Department of Energy's 2022 edition of its Land-Based Wind Market Report provides an overview of key trends in the U.S. wind power market, with a focus on 2021. You can find a report, data file and presentation on the Files tab, below. Additionally, several data visualizations are available on the Visualizations tab. Despite ongoing supply chain challenges, wind energy in 2021 continued to see strong growth, technology improvements, and low prices in the U.S. Key highlights include: Wind comprises a growing share of electricity supply: U.S. wind power capacity grew at a strong pace in 2021, with the 13.4 GW of new additions representing a $\$20$ billion investment and 32% of all newly added U.S. generation capacity. Wind energy output rose to account for more than 9% of the entire nation’s electricity supply. At least 247 GW of wind are seeking transmission interconnection; 77 GW of this capacity are offshore wind and 19 GW are hybrid plants that pair wind with storage or solar PV. Wind project performance has increased over the decades: The average capacity factor among recently built projects was nearly 40%, considerably higher than projects built earlier. The highest capacity factors are seen in the interior ‘wind belt’ of the country. Turbines continue to get larger: Improved plant performance has been driven by larger turbines mounted on taller towers and featuring longer blades. In 2011, no turbines employed blades that were 115 meters in diameter or larger, but in 2021, 89% of newly installed turbines featured such rotors. Proposed projects indicate that total turbine height will continue to rise. Low wind turbine pricing has pushed down installed project costs over the last decade: Wind turbine prices averaged $\$800$–$\$950$/kW in 2021, a 5% to 10% increase from the year prior but substantially lower than in 2010. The average installed cost of wind projects in 2021 was $\$1,500$/kW, down more than 40% since the peak in 2010, though relatively stable in recent years. The lowest costs were found in Texas and the (non-ISO) West. Wind energy prices are on the rise, but generally remain low, around $\$20$/MWh in the interior of the country with higher prices in the West and East. After topping out above $\$75$/MWh for power purchase agreements (PPAs) executed in 2009, the national average price of wind PPAs has dropped—though supply-chain pressures have resulted in increased prices in recent years. In the interior ‘wind belt’ of the country, recent pricing is around $\$20$/MWh. In the West and East, prices tend to average above $\$30$/MWh. These prices, which are possible in part due to federal tax support, fall below the projected future fuel costs of gas-fired generation. Wind PPA prices are often attractive compared to wind’s grid-system market value: The value of wind in wholesale power markets is affected by the location of wind plants, their hourly output profiles, and how those characteristics correlate with real-time electricity prices and capacity markets. The market value of wind increased in 2021, averaging $\$16$/MWh in MISO, $\$19$/MWh in SPP, $\$23$/MWh in NYISO, $\$31$/MWh in ERCOT, $\$33$/MWh in PJM, $\$44$/MWh in ISO-NE, and $\$48$/MWh in CAISO. The average levelized cost of wind energy was $\$32$/MWh for plants built in 2021: Levelized costs, which exclude the impacts of federal tax incentives, vary across time and geography. The national average stood at $\$32$/MWh in 2021—down substantially historically, though relatively stable in recent years. Levelized costs were lowest in ERCOT, SPP, and the (non-ISO) West. The health and climate benefits of wind in 2021 were larger than its grid-system value, and the combination of all three far exceeds the current levelized cost of wind: Wind generation reduces power-sector emissions of carbon dioxide, nitrogen oxides, and sulfur dioxide. These reductions, in turn, provide public health and climate benefits that vary regionally, but together are economically valued at an average of over $\$90$/MWh-wind for plants built in 2021.

17 WIND ENERGY↗

Grid connection barriers to renewable energy deployment in the United States

Bulk-power grid connection is an emerging bottleneck to the entry of wind, solar, and storage but has been understudied due to a lack of data. We create and analyze two novel interconnection datasets with more than 38,000 project-level observations that provide new information documenting interconnection challenges in the United States. Active grid connection requests are more than double the total installed capacity of the US power plant fleet (2,600 vs. 1,280 GW). The time required to secure a connection has increased by 70% over the last decade, and withdrawal rates remain high at 80%, suggesting a constrained transmission system that jeopardizes energy transition targets. Wide distributions of interconnection costs indicate the inherent uncertainty of the interconnection process. Interconnection requests that identify large transmission upgrades tend to withdraw from the process. These findings suggest the need for interconnection reforms, tighter links between long-term transmission planning and project-level interconnection processes, and more interconnection outcome transparency.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Winds of fortune? Understanding the geographic, sociodemographic, and temporal distribution of benefit mechanisms from land-based wind projects in the United States

Despite decades of research on factors shaping local responses to wind development, there is relatively little known about benefit mechanisms (e.g., agreements, funds, donations) used by developers in the U.S. land-based wind sector. To address this gap, we collected benefit mechanism data across all current utility-scale land-based wind projects installed between 1982 and 2024 (n = 1047), finding that just under one-third of projects had a benefit mechanism attached to them. We find the use of benefit mechanisms has become more common over time, is associated with larger projects, and varies by region. In terms of host community characteristics, the use of benefit mechanisms is associated with characteristics like higher education level, higher percent white, higher percent Republican, higher decision-making capacity, lower unemployment rate, and higher poverty rate. Building on a theoretical framework of purposes, we discuss what these findings could suggest about the motivations driving developers' use of these mechanisms, such as increasing local acceptance of a wind project or supporting distributive fairness. This first-of-its-kind study builds a comprehensive understanding of how benefit mechanisms have been used in the U.S. wind industry throughout its history, which can inform future approaches to benefit-sharing across sectors.

17 WIND ENERGY↗

Wind power production from very large offshore wind farms

In this work, we provide the first quantitative assessment of power production and wake generation from offshore wind energy lease areas along the U.S. east coast. Deploying 15-MW wind turbines, with spacing equal to the European average, yields electricity production of 116 TWh/year or 3% of current national supply. However, power production is reduced by one-third due to wakes caused by upwind wind turbines and wind farms. Under some flow conditions whole wind-farm wakes can extend up to 90 km downwind of the largest lease areas, and the frequency-weighted average area with a 5% velocity deficit is 2.6 times the footprint of the lease areas. Simulations including maritime corridors demonstrate reduction in the wake effects leading to power-efficiency gains and may offer contingent benefits. First-order scaling rules are developed that describe how “wake shadows” from large offshore wind farms scale with prevailing meteorology and wind turbine installed densities.

15 MW↗

Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses

The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.

17 WIND ENERGY↗

United States Utility-Scale PV Supply Curves 2023

This data packet contains supply curves, hourly generation profiles, and a composite siting exclusion TIFF for utility-scale PV across the contiguous United States. The supply curves offer comprehensive metrics such as capacity (MW), generation (MWh), levelized cost of energy (LCOE), levelized cost of transmission (LCOT), and more for each reV site (~60,000 sites). Hourly generation profiles are available for each reV site and can be matched to the available capacity in the supply curve (refer to the Jupyter Notebook). The composite exclusion TIFF is a single file that delineates areas where PV installations are permissible based on various siting assumptions. This data packet contains information for the Reference and Limited siting scenarios. For further details and citation, please refer to the publication linked below: Lopez, Anthony, Pavlo Pinchuk, Michael Gleason, Wesley Cole, Trieu Mai, Travis Williams, Owen Roberts, Marie Rivers, Mike Bannister, Sophie-Min Thomson, Gabe Zuckerman, and Brian Sergi. 2024. Solar Photovoltaics and Land-Based Wind Technical Potential and Supply Curves for the Contiguous United States: 2023 Edition. Golden, CO: National Renewable Energy Laboratory. NREL/TP-6A20-87843.

2023↗

Utility experience with two demonstration wind turbine generators

Edison has committed 360 MW of nameplate generating capacity to wind energy by year 1990 in its long-range generation plan. To reach this goal the Company's wind energy program focuses on three areas: the continuous evaluation of the wind resource, the hands-on demonstration of wind turbine generators (WTG) and an association with wind park developers. Two demonstration WTGs have been installed and operated at Edison's Wind Energy Center near Palm Springs, California: a 3 MW horizontal axis Bendix/Schachle WTG and a 500 kW vertical axis Alcoa WTG. They are part of a one to two year test program during which the performance of the WTGs will be evaluated, their system operation and environmental impact will be assessed and the design criteria of future WTGs will be identified. Edison's experience with these two WTGs is summarized and the problems encountered with the operation of the two machines are discussed.

Wehrey, M. C.↗

IDAES Enterprise: Generation Expansion Planning with Enhanced Requirements for Capacity Adequacy Under Renewable Intermittency

Achieving net zero carbon emissions likely requires future power systems to integrate new, flexible energy technologies to accommodate higher levels of capacity from variable renewable energy sources. To determine the optimal deployment of new electricity capacity and to study the likelihood of deployments of new energy technologies, an expansion planning model has been developed as part of the IDAES-Enterprise suite of grid models. The Generation Expansion Planning (GEP) model is a multi-period model in which investment decisions occur yearly, and a Unit Commitment (UC) problem is examined on an hourly timescale. To reduce computational complexity of the GEP model, the UC problem is solved for average “representative days” which leaves out extreme, but relatively common, scenarios in which low renewable generation occurs, leaving the system with inadequacy in capacity. The IDAES-Enterprise GEP model has been modified to include these extreme scenarios while keeping the model reasonably tractable. Specifically, a lazy constraint technique was implemented to check for capacity adequacy on an hourly basis over a large data set of aligned load-wind-solar profiles. As a vast majority of the capacity constraints will not be violated, the technique lowers computational expense by searching for violated capacity constraints over an “iterative manner,” adding those infeasible constraints back into the model. Results on a test case of the Southwest Power Pool shows that the lazy constraint technique significantly reduces retirements and increases installments of natural gas combined cycles and flexible natural gas units. It also reduces some retirements of coal units. These modifications provide a more reasonable estimation of required dispatchable power generation capacity to ensure feasibility during peak net load.

Liu, Peng↗

Validation of wind resource and energy production simulations for small wind turbines in the United States

Abstract. Due to financial and temporal limitations, the small wind community relies upon simplified wind speed models and energy production simulation tools to assess site suitability and produce energy generation expectations. While efficient and user-friendly, these models and tools are subject to errors that have been insufficiently quantified at small wind turbine heights. This study leverages observations from meteorological towers and sodars across the United States to validate wind speed estimates from the Wind Integration National Dataset (WIND) Toolkit, the European Centre for Medium-Range Weather Forecasts (ECMWF) Reanalysis v5 (ERA5), and the Modern-Era Retrospective Analysis for Research and Applications, version 2 (MERRA-2), revealing average biases within ±0.5 m s−1 at small wind hub heights. Observations from small wind turbines across the United States provide references for validating energy production estimates from the System Advisor Model (SAM), Wind Report, MyWindTurbine.com, and Global Wind Atlas 3 (GWA3), which are seen to overestimate actual annual capacity factors by 2.5, 4.2, 11.5, and 7.3 percentage points, respectively. In addition to quantifying the error metrics, this paper identifies sources of model and tool discrepancies, noting that interannual fluctuation in the wind resource, wind speed class, and loss assumptions produces more variability in estimates than different horizontal and vertical interpolation techniques. The results of this study provide small wind installers and owners with information about these challenges to consider when making performance estimates and thus possible adjustments accordingly. Looking to the future, recognizing these error metrics and sources of discrepancies provides model and tool researchers and developers with opportunities for product improvement that could positively impact small wind customer confidence and the ability to finance small wind projects.

17 WIND ENERGY↗

Exploring sustainable electricity system development pathways in South America’s MERCOSUR sub-region

South America has abundant natural water and energy resources, and exploiting these resources to achieve a clean energy future is central to the continent’s economic and sustainable development objectives for the next several decades. Designing pathways to achieving this clean energy future requires better understanding the structural, techno-economic, and policy forces that may influence the future development of the electricity sector in the region. Here, we focus on an interconnected electricity system of five South American countries – Argentina, Brazil, Chile, Paraguay, and Uruguay – which represent major electricity generation, consumption, and trade dynamics in the region. We explore the implications of various forces that could shape the future composition of the power sector in the sub-region, including: evolving renewable energy cost and performance, natural gas prices, cross-border interconnection facilities, early retirement of installed hydropower, and different decarbonization goals. We use a model framework based on a power system planning platform (GridPath) to co-optimize investment and operations of generation, storage, and transmission facilities out to 2050. Our results in a Reference scenario indicate that the electricity system can maintain a relatively clean energy portfolio by leveraging existing hydropower capacity and integrating increasingly cost-competitive wind and solar power. However, dependence on natural gas in the region is likely to remain high. A low-carbon electricity system can cost-effectively be achieved through policy interventions (e.g., renewable portfolio standards) and by diversifying investments in wind, solar, battery storage, and some new hydropower capacity. We also find that existing hydropower is critical for maintaining reliable future grid operations. Enhanced regional electricity trade, mostly based on existing interconnection capacities with nominal investment in new transmission, can significantly benefit the clean energy transition in the region.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Global Progress Toward Renewable Electricity: Tracking the Role of Solar (Version 5)

Photovoltaics (PV) represented ~70% of newly installed global electricity generating capacity for 2024, continuing a trend of increasing fractional contribution over each of the past 5 years. Year-to-year growth in both PV installations and PV-generated electricity continued at remarkable levels (~32% and ~28%, respectively), while grid scale battery storage again demonstrated triple digit fractional growth (113%). The contribution to electricity generation from combined low-carbon sources (hydro, nuclear, wind, and solar) exceeded a new threshold of 40%. Following its initial publication in 2021, this annual article collects information from multiple sources and presents it systematically as a reference for IEEE Journal of Photovoltaics readers.

14 SOLAR ENERGY↗

Combined Cycle Integrated Thermal Energy Storage “CiTES” (Final Scientific/Technical Report)

The Phase I of this project confirmed the technical feasibility of a Combined Cycle integrated Thermal Energy Storage “CiTES” system, calculated the key performance parameters like power efficiency and costs, and proved its commercial value with full-year simulations for several US electricity markets with high degree of variable renewable generation and volatile hourly electricity prices. The core element of this project is the Electro Thermal Energy Storage (ETES) technology from Siemens Gamesa Renewable Energy GmbH, using thermally stable and inexpensive volcanic rocks as storage material and air as heat transfer medium. This technology is backed by more than 10 years of experience and a 440MMBTU (130MWh-th) pilot plant in Hamburg, Germany, which is in operation since 2019. The integration of this thermal storage in an existing combined cycle power plant (CCPP) is typical power plant technology without any major technology risks. It allows the storage of inexpensive renewable energy during times of surplus renewable generation and the discharge of this energy in times of high energy demand when the fossil plant is in operation. This supplements the fossil power generation with CO2-emission-free energy. The secondary effect of the CiTES system is that a small part of the stored thermal energy is used to keep the heat recovery steam generator (HRSG) and steam turbine (ST) of the combined cycle power plant in hot and ready-to-start condition. This enables the plant to start rapidly when fossil generation is required to satisfy demand as soon variable generation drops off in the evenings or during cloud cover and calm wind periods. Without pre-warming of the HRSG and ST, the CCPP would need several hours for a cold or warm start, burn a lot of gas and release high NOx emissions during start and wouldn’t be able to use the short times of high energy prices in an efficient or economical manner. The economic parameters of CiTES were determined by a full year “8760” simulation using a data set calculation for each of the hours of the year, and historical electricity and gas prices. For consistency, the simulations were focused on the pre-COVID year 2019. The financially most attractive markets were in the Energy Reliability Council of Texas (ERCOT) region, which allowed substantial value generation with arbitrage (charge with cheap energy during renewable surplus times and discharge when energy is needed and expensive). The improvement of flexibility with the CiTES system by pre-heating and warm-keeping of the CCPP allowed for additional power generation during short time periods when demand is high but renewable generation is down; when the hourly energy prices are highest in these markets. The simulations are based on 2019 data, when ERCOT had 27GW of installed photovoltaic (PV) and wind generation. They showed that the created revenue with the prototypically sized CiTES system of 1,000MMBTU (300MWh-th) falls a little bit short of what is expected from a commercially viable investment. The system has optimization opportunities for cost reduction and increased effectiveness which will be realized during a potential Phase II Pre-FEED study following this project. Furthermore, it is safe to assume that a lot of renewable generation capacity will be added all over the US in the coming years. As an example, ERCOT is predicting to more than double its renewable generation from 27GW in 2019 to a forecasted 63GW in 2023. This will increase the amount of renewable overproduction exponentially. This rapid increase of local overproduction and the need to curtail renewable generation is well documented by the California ISO (www.CAISO.com / managing oversupply). However, the simulations also revealed a weakness in the structure of the electricity markets in the US. More specifically, when electricity prices are very low and approaching negative levels, the owners of Variable Renewable Energy (VRE) will curtail a part of their facility to stabilize the price by reducing supply. This results in a situation in which storage facilities, which are integrated in existing fossil assets and don’t have the behind-the-meter benefit of a VRE, won’t be able to purchase low cost – otherwise curtailed – renewable energy off the grid. A special tariff, which motivates VRE owners to sell otherwise curtailed renewable energy to storage facilities (Hydrogen, thermal, pumped hydro, etc.) can solve this issue. The implementation of such a regulating tariff by Independent System Operators, thus avoiding renewable curtailment, is a pre condition for successful commercialization for renewable energy storage technologies. With this advancement of design and technology and improvements in the market environment, it can be expected that the Combined Cycle integrated Thermal Energy Storage proves itself as an important innovation to keep highly efficient, natural gas-based power generation economically successful and relevant for the power industry in the United States of America.

Wolf, Thorsten↗

A Systematic Framework for Projecting the Future Cost of Offshore Wind Energy

Offshore wind costs are expected to decline rapidly in the short and medium term future as the industry grows and gains experience in manufacturing, installing, and operating commercial scale projects. Estimating the future costs of offshore wind energy is critical for evaluating the technology's economic performance, how it can fit into a broader clean energy economy, and how R&D investment can be allocated to advance the technology. We present a newly developed approach for forecasting these costs which focuses on an empirically-derived learning rate for capital costs and prescribed cost and performance improvements for operational costs and capacity factor. We establish baseline costs for a series of reference fixed-bottom and floating projects in 2021 and project cost trajectories to 2035, presenting both an average cost trajectory as well as describing the range of potential future costs associated with site-specific cost variations and uncertainty in the estimate of the learning rate. We also conduct sensitivity analyses showing the impact of different global deployments by 2035 and variations in the prescribed operational costs and capacity factors. The results show that fixed-bottom and floating offshore wind capital costs could decrease to around $\$$2,400/kW and $\$$3,300/kW by 2035, respectively, with ranges of $\$$2,100/kW - $\$$2,750/kW for fixed-bottom projects and $\$$2,850/kW - $\$$5,500/kW for floating projects. The levelized cost of energy of fixed-bottom and floating wind projects could decrease to $\$$53.1/MWh and $\$$63.9/MWh by 2035, with ranges of $\$$48.4/MWh - $\$$59.7/MWh for fixed-bottom projects and $\$$46.5/MWh - $\$$99.9/MWh for floating projects. By presenting the uncertainty associated with the forecast we provide a transparent description of the spectrum of potential cost trajectories for offshore wind.

17 WIND ENERGY↗

The value of long-duration energy storage under various grid conditions in a zero-emissions future

Long-duration energy storage (LDES) is a key resource in enabling zero-emissions electricity grids but its role within different types of grids is not well understood. Using the Switch capacity expansion model, we model a zero-emissions Western Interconnect with high geographical resolution to understand the value of LDES under 39 scenarios with different generation mixes, transmission expansion, storage costs, and storage mandates. We find that a) LDES is particularly valuable in majority wind-powered regions and regions with diminishing hydropower generation, b) seasonal operation of storage becomes cost-effective if storage capital costs fall below US$\$$5 kWh −1 , and c) mandating the installation of enough LDES to enable year-long storage cycles would reduce electricity prices during times of high demand by over 70%. Given the asset and resource diversity of the Western Interconnect, our results can provide grid planners in many regions with guidance on how LDES impacts and is impacted by energy storage mandates, investments in LDES research and development, and generation mix and transmission expansion decisions.

25 ENERGY STORAGE↗

Hydrogen Production Cost with Anion Exchange Membrane Electrolysis

Rigorous stakeholder-vetted techno-economic analysis was performed to assess the cost of hydrogen (H 2 ) produced using state-of-the-art Anion Exchange Membrane (AEM) electrolysis. Projected high-volume, untaxed and unsubsidized levelized cost of hydrogen (LCOH)1 range from 2020 $\$$1.78 to $\$$3.68/kg H 2 depending on technology year, process design, and electrolyzer project scale, assuming an electricity price of $\$$0.03/kWh and a capacity factor of 97%. The total installed capital cost for an AEM electrolysis plant was estimated from bottom-up stack and process plant cost models. The stack cost model accounts for manufacturing equipment, equipment maintenance, material, tooling, cycle time, yield, labor, utilities and general overhead. The process plant cost model accounts for purchased equipment, installation costs, site preparation, and general overhead costs. For this study, the AEM electrolysis plant is assumed to be a stick-built, greenfield project developed by an engineering, procurement, and construction (EPC) firm with electrolysis stacks purchased directly from an electrolysis stack manufacturer. The price of the electrolysis stacks is based on a bottom-up cost assessment with business markup for the electrolysis company fabricator. Methods from the Hydrogen Analysis (H2A) production model, a peer-reviewed national laboratory-developed discounted cash flow (DCF) model, were used to calculate the production LCOH in 2020 $\$$/kg H 2 . The baseline electricity price case ($\$$0.03/kWh) corresponds to average wholesale electricity prices currently possible in U.S. markets with plentiful wind. Similar low-cost electricity pricing is possible from solar Power Purchase Agreements (PPA) although these prices are typically limited by renewable energy capacity factors.

08 HYDROGEN↗

The Costs and Feasibility of Floating Offshore Wind Energy in the O'ahu Region

The State of Hawai'i has set a target to achieve a 100% Renewable Portfolio Standard (RPS) by 2045, and is well suited to become the first state to achieve this goal due to its relatively small load, high electricity prices, heavy reliance on imported fossil fuels, and favorable conditions for wind and solar. The Bureau of Ocean Energy Management contracted NREL to conduct a cost and feasibility study to provide information to decision makers on Hawai'i about the viability of floating offshore wind to be a part of the 100% RPS. We used NREL's Offshore Regional Cost Analyzer (ORCA) spatial cost model to evaluate the Levelized Cost of Energy (LCOE) in the region surrounding O'ahu as this is the island with the highest energy demand. The ORCA results showed that LCOE could range from around $\$$83 MWh to $\$$194 MWh for commercial operation dates in 2019 but has the potential to decrease to $\$$48 MWh - $\$$109 MWh by 2032 due to maturing global supply chains, increasing turbine rating, and new technological innovations. These costs are expected to be competitive with global floating wind costs in the early 2030s. The strong wind resource, proximity to infrastructure on land, and benign metocean conditions can potentially compensate for the logistical complexities of installing projects in Hawai'i far from mainland supply chains if sufficient investments are made to develop ports, grid infrastructure, and workforce on O'ahu to support the construction and operation of offshore wind projects. In addition to the cost results, this report also discusses the likely technologies that would comprise floating wind projects near O'ahu, the existing infrastructure available to projects, unique conditions facing offshore wind in the region such as exposure to hurricanes and limits on allowable export cable capacity, newly developed wind resource data sets for the region, and local stakeholder perspectives on offshore wind.

17 WIND ENERGY↗