Title: Power Systems Life Cycle Analysis Tool (Power LCAT)
Publication Number: NETL/DOE-2012/1566
Publication Date: 06/2012
Publication Type: Model/Tool
Contact: Justin Adder
Program/Technology: Climate Change
Environmental & Water
Carbon Sequestration
Author: Thomas E. Drennen (Sandia National Laboratories)
Joel Andruski (Hobert College)
Synopsis: TheĀ Power Systems Life Cycle Analysis Tool (Power LCAT) is a high-level dynamic model that calculates production costs and tracks environmental performance for a range of electricity generation technologies: natural gas combined cycle (NGCC), integrated gasification combined cycle (IGCC), supercritical pulverized coal (SCPC), existing pulverized coal (EXPC), nuclear, and wind (with and without backup power). All of the fossil fuel technologies also include the option of carbon capture and sequestration technologies (CCS). The model allows for quick sensitivity analysis on key technical and financial assumptions, such as: capital, O&M, and fuel costs; interest rates; construction time; heat rates; taxes; depreciation; and capacity factors. Power LCAT is targeted at helping policy makers, students, and interested stakeholders understand the economic and environmental tradeoffs associated with various electricity production options.
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