Yea, Gone with the Wind, the Wind on Your Back, Ride the Wind, etc.
It's all so romantic, but what about when the wind stops blowing? Are you only going to watch TV when there is a strong wind and the sun is shinning? The cost of wind power is ridiculously high because of its intermittent nature and the long power lines it takes to get the electricity to consumers. Wind energy is very inefficient and has an enormous negative ecological footprint. Windmills everywhere? Is that what you really want? Do you hate birds that much?
To satisfy 100% of New York City's electricity needs with wind power would require impossible around-the-clock winds within a limited speed range, and a wind farm the size of the entire state of Connecticut.
To meet 100% of United States electricity demand with wind power would require impossible weather conditions and a wind farm covering an area larger than Texas and Louisiana combined.
What are the costs?
The Energy Information Administration (EIA), which provides official energy statistics from the United States Government, has projected the 2016 Levelized Cost of New Generation Resources from the Annual Energy Outlook 2010. This is the current best estimate of the cost of electricity from United States power plants of different varieties that will come into service in the year 2016. These average levelized costs, expressed in 2008 valued dollars, includes all costs of construction, financing, fuel, and all other operating and decommissioning costs. Federal and state government subsidies are not included in these figures. Additional costs of back-up and/or storage systems for unreliable energy sources are not included. The significant costs of long transmission lines for projects that must be built far away from electricity consumers are also not included in these projections. These are national average costs, which means there is variation in cost from state to state and project to project, depending on local circumstances. The EIA also listed the expected Capacity Factor (CF) for each power plant type. A power plant with a CF of 85% generates energy at its rated capacity an average of 85% of the time during a given year. The ideal power plant would have a CF of 100%, meaning it could output energy at full power 100% of the time. As capacity factor drops, electricity grid efficiency drops, and real-world costs increase. In the comparison below I have inflated the projected cost of electricity produced by LFTRs from the projected 3 cents per kilowatt hour (kWh) to 6 cents per kWh in order to allow for unexpected cost overruns.
Natural Gas in Conventional Combined Cycle @ 8.31 cents per kWh (87% CF) - Not carbon free, high CF, medium ecological footprint, cost effective and cleanest fossil fuel available.
Natural Gas in Advanced Combined Cycle with Carbon Capture and Storage @ 11.33 cents per kWh (87% CF) - Not carbon free, high CF, medium ecological footprint, cost effective and cleanest fossil fuel available.
Conventional Coal @ 10.04 cents per kWh (85% CF)
Advanced Coal with CCS @ 12.93 cents per kWh (85% CF) - Conventional coal fired plants are not carbon free, high CF, large ecological footprint, and cause approximately 24,000 U.S. deaths per year due to air pollution, which also damages buildings. Judged in total, traditional coal fired power plants are not cost effective due to the environmental damage and deaths they create. Will Carbon Capture and Storage (CCS) techniques make coal an acceptable choice?
3rd Generation Light Water Reactor Nuclear Power @ 11.9 cents per kWh (90% CF) - Carbon free, very high CF, small ecological footprint, and cost effective. *Note - These figures are for new construction projects coming on-line in 2016. Our older legacy light water reactors currently produce electricity at a cost of about 2 cents per kWh.
Geothermal @ 11.57 cents per kWh (90% CF) - Carbon free, very high CF, small ecological footprint and cost effective.
Wind @ 14.93 cents per kWh not including the cost of needed energy storage and/or back-up systems (34.4% CF)
Wind - Offshore @ 19.11 cents per kWh not including the cost of needed energy storage and/or back-up systems (39.3% CF) - Carbon free, very low CF, extremely large ecological footprint, not cost effective due high construction cost, unreliability, and very low CF. Most wind turbines shut down when wind speeds drop below 3 to 4 meters per second or rise above 25 meters per second, greatly reducing their total average energy output and making their contribution to our nation's energy grid unpredictable.
Solar Thermal @ 25.66 cents per kWh not including the cost of needed energy storage and/or back-up systems (31.2% CF) - Carbon free, extremely low CF, extremely large ecological footprint, not cost effective due to high construction cost and a CF even lower than wind power.
Solar Photovoltaic @ 39.61 cents per kWh not including the cost of needed energy storage and/or back-up systems (21.7% CF) - Carbon free, extremely low CF, extremely large ecological footprint, very high construction cost, cannot be upgraded after manufacture, and short lifespan. Solar photovoltaic panels are absolutely not cost effective for large scale power production.
Biomass @ 11.11 cents per kWh (83% CF) - Not carbon free, high CF, large ecological footprint and causes depletion of forest topsoil.
Hydroelectric @ 11.99 cents per kWh (51.4% CF) - Carbon free, medium CF, large ecological footprint. Our old legacy hydroelectric dams have been a great investment, and Hoover Dam is still producing electricity at just .0186 cents per kilowatt hour. New hydroelectric project have to be judged on a case by case basis. They create large lakes, which in some areas may be a positive gain, while in other areas their large physical footprint may cause significant disruption to people and the environment, such as the case of China's massive Three Gorges Dam project.
Liquid Fluoride Thorium Nuclear Reactor @ 6.0 cents per kWh (over 90% CF) - Carbon free, highest CF, smallest ecological footprint, can be built anywhere resulting in much lower transmission line costs, highest power to weight ratio, highest cost effectiveness. If things go well, the actual eventual cost per kWh may be at or even lower than the original 3 cents per kWh projection. As an added bonus, LFTRs can be made small enough to power spacecraft.
http://renewable.50webs.com/