Episode 203: Alternative Energy and Economies of Scale
Words & Numbers
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How Do You Compare a Natural Gas Turbine With a Wind Farm?
The useful life of a natural gas combined cycle turbine might be 30, 35 years. The useful life of the wind farm might be much shorter,. And they produce energy very differently and have very different input costs. How do you compare these things that are so different to each other? That's where a levelized cost of electricity or energy comes in.
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