scholarly journals Can Nuclear Batteries Be Economically Competitive in Large Markets?

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4385
Author(s):  
Jacopo Buongiorno ◽  
Ben Carmichael ◽  
Bradley Dunkin ◽  
John Parsons ◽  
Dirk Smit

We introduce the concept of the nuclear battery, a standardized, factory-fabricated, road transportable, plug-and-play micro-reactor. Nuclear batteries have the potential to provide on-demand, carbon-free, economic, resilient, and safe energy for distributed heat and electricity applications in every sector of the economy. The cost targets for nuclear batteries in these markets are 20–50 USD/MWht (6–15 USD/MMBTU) and 70–115 USD/MWhe for heat and electricity, respectively. We present a parametric study of the nuclear battery’s levelized cost of heat and electricity, suggesting that those cost targets are within reach. The cost of heat and electricity from nuclear batteries is expected to depend strongly on core power rating, fuel enrichment, fuel burnup, size of the onsite staff, fabrication costs and financing. Notional examples of cheap and expensive nuclear battery designs are provided.

Author(s):  
Braden Czapla ◽  
Arvind Srinivasan ◽  
Qingtian Yin ◽  
Arvind Narayanaswamy

The scalability and implementation of selective emitters in passive radiative cooling applications are limited by the high fabrication costs due to the complexity of these structures. The usage of commercially available polymers in selective emitters holds potential in lowering the cost of radiative cooling solutions. In this work, we demonstrate that thin films of polydimethyl-siloxane (PDMS) on aluminum substrates act as radiative coolers by selectively emitting in the wavelength range of 8 μm to 13 μm, where the Earth’s atmosphere is highly transparent. We also show that our device can achieve passive cooling up to 12 °C below the ambient temperature under the night sky. This suggests that PDMS, especially due to its ease of deposition, may be a viable selective emitter in passive radiative cooling applications.


2019 ◽  
Vol 55 (5) ◽  
pp. 292-305
Author(s):  
Shazia Jamshed ◽  
Akshaya Srikanth Bhagavathula ◽  
Sheikh Muhammad Zeeshan Qadar ◽  
Umaira Alauddin ◽  
Sana Shamim ◽  
...  

Background: Gastroesophageal reflux disease (GERD) is a common gastrointestinal disorder that results from regurgitation of acid from the stomach into the esophagus. Treatment available for GERD includes lifestyle changes, antacids, histamine-2 receptor antagonists (H2RAs), proton pump inhibitors (PPIs), and anti-reflux surgery. Aim: The aim of this review is to assess the cost-effectiveness of the use of PPIs in the long-term management of patients with GERD. Method: We searched in PubMed to identify related original articles with close consideration based on inclusion and exclusion criteria to choose the best studies for this narrative review. The first section compares the cost-effectiveness of PPIs with H2RAs in long-term heartburn management. The other sections shall only discuss the cost-effectiveness of PPIs in 5 different strategies, namely, continuous (step-up, step-down, and maintenance), on-demand, and intermittent therapies. Results: Of 55 articles published, 10 studies published from 2000 to 2015 were included. Overall, PPIs are more effective in relieving heartburn in comparison with ranitidine. The use of PPIs in managing heartburn in long-term consumption of nonsteroidal anti-inflammatory drug (NSAID) has higher cost compared with H2RA. However, if the decision-maker is willing to pay more than US$174 788.60 per extra quality-adjusted life year (QALY), then the optimal strategy is traditional NSAID (tNSAID) and PPIs. The probability of being cost-effective was also highest for NSAID and PPI co-therapy users. On-demand PPI treatment strategy showed dominant with an incremental cost-effectiveness ratio of US$2197 per QALY gained and was most effective and cost saving compared with all the other treatments. The average cost-effectiveness ratio was lower for rabeprazole therapy than for ranitidine therapy. Conclusion: Our review revealed that long-term treatment with PPIs is effective but costly. To achieve long-term cost-effective approach, we recommend on-demand approach to treat heartburn symptoms, but if the symptoms persist, treatment with continuous step-down therapy should be applied.


2002 ◽  
Vol 124 (3) ◽  
pp. 319-321 ◽  
Author(s):  
Michael Stavy

This paper discusses the technical, financial, and economic principles underlying the levelized cost method of computing the cost of solar electricity. Topics include the levelized cost method, solar radiation, solar panel efficiency, depreciation, cost of capital, fixed and variable operating and maintenance costs, and taxes. The paper includes the worksheet, “Levelized Cost Worksheet for a 1 kW Solar Electric Generating Plant.” Its benchmark values are for a model solar plant located in Chicago, IL. The paper discusses these benchmark values as it analyzes the worksheet’s constants (capacity-1 kW, 8,760 hr/yr), independent variables (capital cost-$/kW, cost of capital-%, physical life-yr, standard sun hours, fixed and variable O & M expense), and dependent variables (capital amortization expense, capacity factor, cost of solar electricity).


2020 ◽  
Vol 12 (6) ◽  
pp. 2322 ◽  
Author(s):  
Calvin Kong Leng Sing ◽  
Jeng Shiun Lim ◽  
Timothy Gordon Walmsley ◽  
Peng Yen Liew ◽  
Masafumi Goto ◽  
...  

Solar energy is currently an underutilized renewable energy source that could fulfill low-temperature industrial heat demands with significant potential in high solar irradiance counties such as Malaysia. This study proposes a new systematic method for optimization of solar heat integration for different process options to minimize the levelized cost of heat by combining different methods from the literature. A case study from the literature is presented to demonstrate the proposed method combined with meteorological data in Malaysia. The method estimates capital cost and levelized cost of solar heating considering important physical constraints (e.g., available space) and recovery of waste heat. The method determines and optimizes important physical dimensions, including collector area, storage size, and control design. As the result of the case study, the solar thermal integration with Clean-In-Place streams (hot water) gives the lowest levelized cost of heat with RM 0.63/kWh (0.13 EUR/kWh) due to its lowest process temperature requirement. The sensitivity analysis indicates that collector price and collector efficiency are the critical parameters of solar thermal integration.


2014 ◽  
Vol 49 ◽  
pp. 1340-1349 ◽  
Author(s):  
R. Gabbrielli ◽  
P. Castrataro ◽  
F. Del Medico ◽  
M. Di Palo ◽  
B. Lenzo

Author(s):  
Birgit Gobereit ◽  
Lars Amsbeck ◽  
Reiner Buck ◽  
Csaba Singer

The potential for highly efficient and cost competitive solar energy collection at high temperatures drives the actual research and development activities for particle tower systems. One promising concept for particle receivers is the falling particle receiver. This paper is related to a particle receiver, in which falling ceramic particles form a particle curtain, which absorbs the concentrated solar radiation. Complex operation strategies will result in higher receiver costs, for both investment and operation. The objective of this paper is to assess the influence of the simultaneous variation of receiver costs and efficiency characteristics on levelized cost of heat (LCOH) and on levelized cost of electricity (LCOE). Applying cost assumptions for the particle receiver and the particle transport system, the LCOE are estimated and compared for each considered concept. The power level of the compared concepts is 125 MWel output at design point. The sensitivity of the results on the specific cost assumptions is analyzed. No detailed evaluation is done for the thermal storage, but comparable storage utilization and costs are assumed for all cases.


Author(s):  
Maira Bruck ◽  
Navid Goudarzi ◽  
Peter Sandborn

The cost of energy is an increasingly important issue in the world as renewable energy resources are growing in demand. Performance-based energy contracts are designed to keep the price of energy as low as possible while controlling the risk for both parties (i.e., the Buyer and the Seller). Price and risk are often balanced using complex Power Purchase Agreements (PPAs). Since wind is not a constant supply source, to keep risk low, wind PPAs contain clauses that require the purchase and sale of energy to fall within reasonable limits. However, the existence of those limits also creates pressure on prices causing increases in the Levelized Cost of Energy (LCOE). Depending on the variation in capacity factor (CF), the power generator (the Seller) may find that the limitations on power purchasing given by the utility (the Buyer) are not favorable and will result in higher costs of energy than predicted. Existing cost models do not take into account energy purchase limitations or variations in energy production when calculating an LCOE. A new cost model is developed to evaluate the price of electricity from wind energy under a PPA contract. This study develops a method that an energy Seller can use to negotiate delivery penalties within their PPA. This model has been tested on a controlled wind farm and with real wind farm data. The results show that LCOE depends on the limitations on energy purchase within a PPA contract as well as the expected performance characteristics associated with wind farms.


2021 ◽  
Vol 42 (2) ◽  
pp. 108-117
Author(s):  
Anthony J. Castaldo ◽  
Christian Jervelund ◽  
Deborah Corcoran ◽  
Henrik B. Boysen ◽  
Sandra C. Christiansen ◽  
...  

Background: Novel subcutaneous (SC) prophylactic therapies are transforming the treatment landscape of hereditary angioedema (HAE). Although questions are being raised about their cost, little attention has been paid to the cost and quality of life (QoL) impact of using on-demand‐only medications. Objective: We assessed the overall economic burden of on-demand‐only treatment for HAE and compared patient QoL with patients who received novel SC prophylactic therapies. Methods: US Hereditary Angioedema Association members were invited to complete an anonymous online survey to profile attack frequency, treatment use, and the presence of comorbidities as well as economic and socioeconomic variables. We modeled on-demand treatment costs by using net pricing of medications in 2018, indirect patient and caregiver costs, and attack-related direct billed costs for emergency department admissions, physician office visits, and/or hospitalizations. QoL was assessed by using the Angioedema Quality of Life questionnaire. Results: A total of 1225 patients (31.4%) responded. Of these, 737 adults with HAE (type I or II) met the inclusion criteria and completed the survey. Per patient/year direct costs associated with modeled on-demand‐only treatment totaled $363,795, with additional indirect socioeconomic costs of $52,576 per patient/year. The greatest improvement in QoL was seen in patients who used novel SC prophylactic therapies, with a 59.5% (p < 0.01) improvement in median impairment scores versus on-demand‐only treatment. In addition, patients who used novel SC prophylactic therapies reported a 77% reduction in the number of attacks each year when compared with those who used on-demand‐only treatment. Conclusion: Our real-world patient data showed the cost and QoL burden of HAE treatment with on-demand‐only therapy. Use of novel SC prophylaxis can lead to sizeable reductions in attack frequency and statistically significant and clinically relevant improvements in QoL. These data could be useful to clinicians and patients as they consider therapy options for patients with HAE.


Blood ◽  
2020 ◽  
Vol 136 (Supplement 1) ◽  
pp. 4-5
Author(s):  
Anushka Bhaskar ◽  
Nathan T. Connell

Introduction: von Willebrand Disease (VWD) is the most common inherited bleeding disorder with significant variability in clinical phenotype. Patients with the most severe forms of VWD suffer from frequent bleeding complications including mucosal bleeding, gastrointestinal hemorrhage, hemarthrosis, and muscle hematomas. Long-term prophylaxis with von Willebrand factor (VWF) concentrate has been shown to reduce the frequency of bleeding episodes, but higher costs associated with regular VWF concentrate administration remains a barrier to access. Methods: We constructed a Markov state transition model to compare the cost-effectiveness of on-demand treatment (ODT) with long-term prophylaxis (PRO) from a United States (US) societal perspective with costs inflated to 2020 US dollars using the Consumer Price Index. Cycle-length was one month with a one-year time horizon and during each cycle, patients could experience either major (hemarthrosis, gastrointestinal bleeding, muscle hematoma), minor (epistaxis, other mucosal bleeding), or no bleeding. Model inputs for event probabilities, costs, and utility were obtained from previously published literature; while there are no specific utility data for these treatment strategies in VWD patients, we assumed they would be similar to published age-specific utilities used in hemophilia analyses and performed sensitivity analyses to assess these assumptions. The base case scenario was modeled on a 70 kg patient with severe VWD receiving plasma-derived VWF concentrate. In the PRO strategy, patients received 60 units/kg every 3 days. ODT patients were only treated for specific bleeding events (minor bleeding: 60 units/kg every 12 hours for 3 days in the outpatient setting; major bleeding: VWF concentrate 60 units/kg every 12 hours for 5 days in the hospital). Microsimulation of 1000 trials was performed using to calculate mean quality-adjusted life-years (QALYs) and costs associated with the two treatment strategies. TreeAge Pro 2017 (TreeAge Software, Williamstown, MA) was used to construct the model and perform analyses. Results: In the base-case scenario using plasma-derived VWF concentrate, on-demand treatment resulted in a mean cost of US$1,140,586 (± $65,215) generating 0.52 QALYs (±0.01) while the prophylaxis strategy resulted in a mean cost of US$918,329 (± $94,983) generating 0.8 QALYs (±0.04). The microsimulation was repeated to reflect the cost of recombinant VWF concentrate for prophylaxis and a single dose of recombinant factor VIII. Using recombinant VWF, on-demand treatment resulted in a mean cost of US$1,568,005 (± $94206) and generated 0.52 QALYs (±0.01) while the prophylaxis strategy resulted in a mean cost of US$1,343,715 (± $124,974) and generated 0.8 QALYs (±0.04). One-way sensitivity analysis of model inputs showed this result to be robust, as prophylaxis remained the preferred strategy at a willingness to pay (WTP) threshold of US$150,000/QALY for both plasma-derived and recombinant therapies (Figure). Conclusions: With greater effectiveness and lower total societal health care costs, the prophylaxis strategy dominated the on-demand treatment strategy. While the cost of long-term prophylaxis is primarily due to the high cost of VWF concentrate every 3 days, this strategy results in significantly fewer bleeding episodes per year resulting in more QALYs. Our findings suggest that when compared to on-demand treatment, long-term prophylaxis with VWF concentrate is a cost-effective strategy in patients with severe forms of VWD, which helps to avoid expensive hospitalizations and decreased quality of life due to bleeding episodes and their complications. Figure 1 Disclosures No relevant conflicts of interest to declare.


Sign in / Sign up

Export Citation Format

Share Document