Comparison of levelized cost of electricity between coal-fired power plants with carbon capture, utilization and storage and renewable energy storage technologies
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Comparison of levelized cost of electricity between coal-fired power plants with carbon capture, utilization and storage and renewable energy storage technologies
Thermal Power GenerationVol. 50, Issue 1, Pages: 33-42(2021)
WEI Shijie, FAN Jingli, YANG Yang, et al. Comparison of levelized cost of electricity between coal-fired power plants with carbon capture, utilization and storage and renewable energy storage technologies[J]. Thermal power generation, 2021, 50(1): 33-42.
DOI:
WEI Shijie, FAN Jingli, YANG Yang, et al. Comparison of levelized cost of electricity between coal-fired power plants with carbon capture, utilization and storage and renewable energy storage technologies[J]. Thermal power generation, 2021, 50(1): 33-42. DOI: 10.19666/j.rlfd.202007219.
Comparison of levelized cost of electricity between coal-fired power plants with carbon capture, utilization and storage and renewable energy storage technologies
As a stable low-carbon power source with adjustable control
the cost competitiveness of carbon capture
utilization and storage(CCUS) and renewable energy storage technologies in coal-fired power plants are worth further investigation. The learning curve model was adopted to explore competitiveness changes of the levelized cost of electricity(CLCOE) from 2020 to 2030. Furthermore
the CLCOE advantages in provinces that have solar and wind curtailment were also identified. The main results are as follows. At present
the coal-fired power plants with CCUS has a competitive advantage over renewable energy storage systems. If the coal-fired power plants with CCUS are difficult to develop rapidly
they will lose their CLCOE advantage compared with renewable energy storage technologies by 2028. By 2030
the carbon price being able to make coal-fired power plants with CCUS achieve grid parity will be 136~189 yuan/t
but as far as the current carbon price development trend is concerned
there are difficulties for coal-fired power plants with CCUS to achieve grid parity by relying on carbon price. Coal-fired power plants with CCUS could further expand their competitive advantage compared to solar photovoltaic energy storage technology by adjusting the operation hours in the provinces with solar curtailment; in the provinces with wind curtailment such as Hebei
Shanxi
Inner Mongolia
Liaoning
Jilin
Heilongjiang
Guizhou
Shaanxi
Ningxia
Gansu and Xinjiang
coal-fired power plants with CCUS have absolute CLCOE advantages compared with wind energy storage system under the existing conditions.