Types of Energy Ranked by Cost Per Megawatt Hour

TYPES OF ENERGY RANKED BY COST PER MEGAWATT HOUR BASE COST LEVELIZED COST OF (EXCLUDES STORAGE AND OPERATION) $ ELECTRICITY PER MWh Levelized Cost of Energy: "Levelized cost of electricity (LCOE) refers to the estimates of the revenue required to build and operate a generator over a specified cost recovery period." – U.S. Energy Information Administration PER MWh SOLAR, STANDALONE GEOTHERMAL WIND, OFFSHORE ULTRA-SUPERCRITICAL COAL HYDROELECTRIC ADVANCED NUCLEAR GEOTHERMAL | Energy harvested SOLAR, | Energy harvested from STANDALONE sunlight through systems not connected to the grid WIND, |Energy produced ONSHORE by wind blowing from the sea to the land from heat within the earth .----- :: $23.52 $32.78 $19.03 $36.40 $27.01 $36.93 HYDROELECTRIC | Energy COMBINED | Heat is converted CYCLE into mechanical SOLAR, | Solar energy connected HYBRID to the power grid, combining multiple sources of electricity harvested from energy the power of water in motion ------ $7.78 $37.11 $31.13 + $47.67 $38.62 $55.26 ULTRA-SUPERCRITICAL Type of coal-fired power plant that COAL Organic material such as wood, corn, animal manure, or sewage is converted into energy BIOMASS ADVANCED | Hybrid reactors that NUCLEAR produce electricity but can also produce clean drinking water is more efficient than traditional coal plants because the water running through it is a supercritical fluid, which has characteristics of both a liquid and a gas $50.51 $69.39 $43.80 $72.78 $34.96 $89.21 COMBUSTION | Power is generated through TURBINE combustion, similar to how jet engines function BATTERY | Batteries that are charged with STORAGE renewable energy sources such as wind and solar WIND, |EnergyY produced by OFFSHORE wind blowing from the land toward the sea $45.41 $106.62 $57.98 $119.84 $89.20 $120.52 SolarPower.guide Sources: www.eia.gov/outlooks/aeo/pdf/electricity_generation.pdf WIND, ONSHORE BATTERY STORAGE COMBINED CYCLE COMBUSTION TURBINE BIOMASS SOLAR, HYBRID