Energy Conversion System Financials
By going solar, you'll be saving time, saving money, and most importantly - saving our planet.
Energy Conversion System: Financial Projections
Shown below is a ROI projection for a 2.4MW Energy Conversion System unit based on a selling price of GBP75 per MW/hr with reinvestment.
This projection was prepared by in 2019, so in view of current energy costs in 2024 these projections may need to be adjusted, to suit local power prices.
The Energy Conversion System has powerful arguments for lower electricity prices:- it is constant, 24/7, hence there would be no need for the UK National Grid to pay over GBP 4 billion in 2022 for ‘spinning reserve’ fossil fuel power to compensate for the intermittent nature of wind and solar power, a figure that is likely to increase as even more intermittent renewables come on-line.
There would be no need for costly energy storage systems. the Energy Conversion System would provide baseload power, switching to hydrogen electrolysis when demand drops.
The strike price for the UK's Hinkley Point nuclear power station is £92.50 per MW/hr at 2012 prices, inflation indexed.
The latest Contracts for Difference (CfD) auctions for offshore wind, Sept 2024, came in at £50.90 per MW/hr, down from £117 in 2015.
The Energy Conversion System operates continuously, 24/7, hence can generate up to 70% more power and revenue than an average wind turbine.
As an example: a 10MW wind turbine operating at 30% capacity factor would produce 10MW x £50.90 x 8,760 hours x 30% Cf = £1,337,652 gross revenue annually.
A 10MW ECS unit operating for 50 weeks, (allowing 2 weeks maintenance) at 100% capacity factor would produce 10MW x £50.90 x 8400hrs x 100% CF = £4,275,600 gross revenue annually.
The Energy Conversion System is a new emerging technology, like Tidal Stream, which was allocated £172 per MW/hr in the CfD auction. A successful bid in the next CfD round could result in a revenue exceeding £12 m annually!
Shown here is another ROI projection for a 2.4MW the Energy Conversion System based on a selling price of GBP75 per MW/hr, but this time without any reinvestment.
Note to Financial Directors, Energy Conversion System units can anticipate economical life times of 50+ years, with minimal maintenance costs!
Energy Conversion System-HAC water-only units offer the possibility of significant additional revenue if adapted to strip atmospheric CO2 while operating. NB. The UK ETS Authority has fixed the carbon tax at £83.03 per tonne of CO2 removed from January 2023.
