, APAC

Renewables with storage systems could be cheaper than thermal power with CCS

CCS could drive LCOE for thermal power by up to double its alternatives. 

Renewable energy with a storage system could be a more affordable alternative to thermal power generation with carbon capture storage, a report found.

The levelised costs of electricity (LCOEs) of solar and wind have increased recently, but this is expected to return to a downward trajectory, the Institute for Energy Economics and Financial Analysis (IEEFA) said. 

Moreover, battery storage system prices and the resultant LCOE are also likely to improve as the technology is deployed in a larger scale.

Read more: Carbon capture and storage for fossil-fired plants risks worsening energy inflation

IEEFA noted that LCOE for thermal power generation with CCS is at least 1.5-2 times above the current alternatives. 

“It is therefore difficult to contemplate electricity users willing to support the use of CCS on power generation when affordable decarbonized options exist,” the report read in part. 

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

India removes licence requirement to build transmission lines for bulk consumers
The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.
NEFIN Group works double time to catch up on projects
CEO Glenn Lim explains how a delay turned out good as the company aims to reach 667 MW of capacity by 2026.
Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.