Power sector

The power sector distinguishes two power commodities, namely centralized electricity and decentralized electricity.

  • Centralized electricity can be generated using various fuels and technologies and is consumed directly in end-use sectors.

  • Decentralized electricity, is specifically generated from wind, solar, or bioenergy without carbon capture and storage (CCS). It is primarily used in the production of hydrogen or synthetic fuels. The power sector can be decarbonized with carbon capture (CC) and storage (CCS) technologies as well as renewables.

Technologies

Fossil fuel with and without CC

The techno-economics assumed for the various fossil-fired plants are listed in Table 1 without CC and in Table 2 with CC. The annual availability factor and the discount rate are uniformely set to 90% and 10% respectively for all technologies. The construction duration of assets is 4 years (Irlam, 2017) regardless the unit is equipped with carbon capture, but the lifespan of assets equiped with carbon capture is 25 years againt 30 years. The regional variation of techno-economics is taken into consideration based on the findings of Ferrari et al. (2019). Carbon capture becomes available as of 2030.

Table 1: Techno-economic assumptions of fossil-fired power plants without CC

Fossil fuel plant

CAPEX

Fixed O&M

Variable O&M

Efficiency

Units

[$/kW]

[$/kW]

[$/GJ]

Coal-fired plant - atmospheric fluidized bed

1961

89

44%

Coal-fired plant - Integrated Gasification Combined Cycle

2265

74

3.1

38%

Coal-fired plant - Pulverized coal subcritical

1429

38

2.5

37%

Coal-fired plant - Pulverized coal supercritical

1468

41

1.2

36%

Coal-fired plant - Pulverized coal ultra supercritical

1665

44

1.1

41%

Gas-fired plant - Fuel cells

4234

64

54%

Gas-fired plant - Steam turbine

1188

27

0.1

40%

Gas-fired plant - Combined Cycle

429

23

0.2

61%

Advanced oil-gas turbine

339

17

40%

Oil-fired plant - Base-load generation

749

3

2.8

37%

Oil-fired plant - Peak-load generation

672

8

4.3

32%

Oil-fired plant - Steam turbine

1188

27

0.1

40%

Table 2: Techno-economic assumptions of fossil-fired power plants with CC

Fossil fuel plant

CAPEX

Fixed O&M

Variable O&M

Efficiency

Capture rate

Reference

Units

[$/kW]

[$/kW]

[$/GJ]

NGCC with post capture

1366

40

0.3

55%

90.0%

GCCSI

Advanced turbines with post capture

763

24

0.7

36%

90.0%

GCCSI

NGCC with post capture 90%

1211

45

0.3

56%

90.0%

IEAGHG

NGCC with post capture 98,5%

1305

48

0.4

54%

98.5%

IEAGHG

NGCC with post capture 90% FGR

1149

43

0.2

56%

90.0%

IEAGHG

NGCC with post capture 98,5% FGR

1210

45

0.2

55%

98.5%

IEAGHG

IGCC with post capture

4874

96

5.6

31%

90.0%

GCCSI

Supercritical pulverized coal with oxycombustion

3479

64

1.6

29%

90.0%

GCCSI

Supercritical pulverized coal with oxycombustion ITM

3204

58

1.5

29%

90.0%

GCCSI

Ultrasupercritical pulverized coal with oxycombustion

3343

61

1.4

37%

90.0%

GCCSI

Supercritical pulverized coal with post capture1

3454

55

4.6

33%

90.0%

GCCSI

Supercritical pulverized coal with post capture2

3479

66

2.3

29%

90.0%

GCCSI

Ultrasupercritical pulverized coal with post capture

3420

64

2.0

33%

90.0%

GCCSI

Ultrasupercritical pulverized coal with post capture 90%

3585

80

3.3

37%

90.0%

IEAGHG

Ultrasupercritical pulverized coal with post capture 98,5%

3797

85

3.7

35%

98.5%

IEAGHG

Bioenergy with and without CC

The techno-economic assumptions for bioenergy-fired plants, as summarized in Table 3, are based on data from Kang (2017). To account for the additional costs of integrating a carbon capture unit, we assume that the required effort is equivalent to that for coal-fired power plants. The same scaling factors used for coal with carbon capture are used for bioenergy as well (Table 4).

Table 3: Techno-economic assumptions of bioenergy-fired power plants without CC

Technology

CAPEX

Fixed O&M

Variable O&M

Efficiency

Availability factor

Units

[$/kW]

[$/kW]

[$/GJ]

Pellet direct combustion

1898

67

3.3

39%

85%

Pellet gasification

2149

86

4.5

40%

90%

Torrefied pellets direct combustion

1898

67

3.3

39%

85%

Torrefied pellets gasification

2149

86

4.5

41%

90%

Table 4: Techno-economic assumptions of bioenergy-fired power plants with CC

Technology

CAPEX

Fixed O&M

Variable O&M

Efficiency

Units

[$/kW]

[$/kW]

[$/GJ]

Pellet direct combustion with carbon capture

3419

99

6.5

28%

Pellet gasification with carbon capture

3932

112

8.2

30%

Torrefied pellets direct combustion with carbon capture

3419

99

6.5

28%

Torrefied pellets gasification with carbon capture

3932

112

8.2

29%

Co-firing with and without CC

The simultaneous firing of coal and bioenergy takes various forms:

  • the substitution rate of biomass ranges from 5% to 40%

  • different types of biomass may be used including solid biomass, pellets, or torrefied pellets

  • the fuels can either be fed seperately or together at the burner, or they may be co-milled

  • the fuels can either be gasified or pulverized

Table 5 summarizes the techno-economic assumptions for co-firing processes. The same scaling factor as for coal with carbon capture are applied with co-firing processes (Table 6)

Table 5: Techno-economic assumptions for co-firing processes (Kang, 2017)

Technology

CAPEX

Fixed O&M

Variable O&M

Efficiency

Input Share

Input Share

Input Share

Units

[$/kW]

[$/kW]

[$/GJ]

Solid biomass

Pellets

Torrefied pellets

Air Blown IGCC.Co-Firing. Co-milling

2746

96

0.62

47%

10%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

10%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

47%

10%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

20%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

47%

20%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

40%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

46%

10%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

46%

10%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

45%

20%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

45%

20%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

44%

40%

Air Blown IGCC.Co-Firing. Co-milling

2746

96

0.62

46%

5%

Air Blown IGCC.Co-Firing. Co-milling

2746

96

0.62

47%

10%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

10%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

47%

10%

Air Blown IGCC.Co-Firing. Co-milling

2746

96

0.62

47%

20%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

20%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

47%

20%

Air Blown IGCC.Co-Firing. Co-milling

2746

96

0.62

47%

40%

Air Blown IGCC.Co-Firing. Parallel

3159

126

0.62

47%

40%

Air Blown IGCC.Co-Firing. Seperate feeding

2987

149

0.62

47%

40%

Pulverized Coal.Co-Firing. Co-milling

2067

72

0.70

47%

10%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

10%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

47%

10%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

20%

Pulverized Coal.Co-Firing. Sperate feeding

2308

115

0.70

47%

20%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

40%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

46%

10%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

46%

10%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

46%

20%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

46%

20%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

45%

40%

Pulverized Coal.Co-Firing. Co-milling

2067

72

0.70

46%

5%

Pulverized Coal.Co-Firing. Co-milling

2067

72

0.70

47%

10%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

10%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

47%

10%

Pulverized Coal.Co-Firing. Co-milling

2067

72

0.70

47%

20%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

20%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

47%

20%

Pulverized Coal.Co-Firing. Co-milling

2067

72

0.70

47%

40%

Pulverized Coal.Co-Firing. Parallel

2480

99

0.70

47%

40%

Pulverized Coal.Co-Firing. Seperate feeding

2308

115

0.70

47%

40%

Table 6: Techno-economic assumptions of co-firing processes with CC

Technology

CAPEX

Fixed O&M

Variable O&M

Efficiency

Input share

Input Share

Input Share

Units

[$/kW]

[$/kW]

[$/GJ]

Solid biomass

Pellets

Torrefied pellets

Air Blown IGCC.Co-Firing. Co-milling with carbon capture

4947

142.0

1.4

37%

10%

Air Blown IGCC.Co-Firing. Parallel with carbon capture

5690

186.7

1.4

37%

10%

Air Blown IGCC.Co-Firing. Seperate feeding with carbon capture

5381

220.7

1.4

37%

10%

Air Blown IGCC.Co-Firing. Parallel with carbon capture

5690

186.7

1.4

37%

20%

Air Blown IGCC.Co-Firing. Seperate feeding with carbon capture

5381

220.7

1.4

37%

20%

Air Blown IGCC.Co-Firing. Parallel with carbon capture

5690

186.7

1.4

37%

10%

Air Blown IGCC.Co-Firing. Seperate feeding with carbon capture

5381

220.7

1.4

37%

10%

Air Blown IGCC.Co-Firing. Parallel with carbon capture

5690

186.7

1.4

36%

20%

Air Blown IGCC.Co-Firing. Seperate feeding with carbon capture

5381

220.7

1.4

36%

20%

Air Blown IGCC.Co-Firing. Parallel with carbon capture

5690

186.7

1.4

35%

40%

Air Blown IGCC.Co-Firing. Co-milling with carbon capture

4947

142.0

1.4

37%

5%

Pulverized Coal.Co-Firing. Co-milling with carbon capture

3724

106.9

1.4

38%

10%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

10%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

38%

10%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

20%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

38%

20%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

40%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

37%

10%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

39%

10%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

37%

20%

Pulverized Coal.Co-Firing. Sperate feeding with carbon capture

4158

170.5

1.4

37%

20%

Pulverized Coal.Co-Firing. Prallel with carbon capture

4467

146.6

1.4

36%

40%

Pulverized Coal.Co-Firing. Co-milling with carbon capture

3724

106.9

1.4

35%

5%

Pulverized Coal.Co-Firing. Co-milling with carbon capture

3724

106.9

1.4

38%

10%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

10%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

38%

10%

Pulverized Coal.Co-Firing. Co-milling with carbon capture

3724

106.9

1.4

38%

20%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

20%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

38%

20%

Pulverized Coal.Co-Firing. Co-milling with carbon capture

3724

106.9

1.4

38%

40%

Pulverized Coal.Co-Firing. Parallel with carbon capture

4467

146.6

1.4

38%

40%

Pulverized Coal.Co-Firing. Seperate feeding with carbon capture

4158

170.5

1.4

38%

40%

Renewables

Wind Water Solar (WWS)

Detailed country-level potentials for onshore and offshore wind, photovoltaic, and hydro are used. Wind potentials are segmented by resource class, distance from transmission, and, for offshore wind, depth. Each country-level segment has its own cost, resulting in a detailed global wind supply curve. PV potential is similarly segmented by resource class within each country. Hydro is specified by a three-step cost supply curve.
Due to the very explicit, technology-rich description of WWS, Table 7 summarizes statistically the capital cost of WWS by grouping them by technology, class and year. In brackets are shown the 5th and 95th percentiles of capital costs.

Table 7: Present and future median capital cost for WWS technologies (in $/kW). Values under brackets represent the 5th and 95 percentiles.

Technology

Class

2018

2050

Hydro

1

2231 [1281 - 6000]

2231 [1281 - 6000]

Hydro

2

4335 [1737 - 8000]

4335 [1737 - 8000]

Hydro

3

6920 [2923 - 10099]

6920 [2923 - 10099]

Solar PV

1245 [1020 - 2144]

1011 [829 - 1741]

Wind offshore

4277 [3585 - 4277]

3411 [2859 - 3411]

Wind onshore

2565 [1616 - 3805]

2030 [1279 - 3012]

Ocean

The techno-economic assumptions for tidal and wave power generation are summarized in Table 8.

Table 8: Techno-economic assumptions for tide and wave

Technology

CAPEX

Fixed O&M

Lifetime

Availability factor

Units

[$/kW]

[$/kW]

years

Tide

3750

123

20

34%

Wave

2750

37

20

34%

Geothermal energy

The techno-economic assumptions for tidal and wave power generation are summarized in Table 9. Three type of geothermal power plants are distinguished depending on the depth. Process emissions are associated to the extractionf of geothermal energy, accounting for the native CO2 trapped into rocks and released to atmosphere by 0.02 kgCO2/GJ.

Table 9: Techno-economic assumptions for geothermal power generation

Technology

CAPEX

Fixed O&M

Construction duration

Lifespan

Efficiency

Availability factor

Discount rate

Units

[$/kW]

[$/kW]

years

years

Shallow

2592

103

7

40

10%

85%

13%

Deep

4587

151

7

40

10%

85%

13%

Very deep

14664

277

8

40

10%

85%

13%

Combined heat and power (CHP)

Table 10: Techno-economic assumptions for CHP

Fuel

CAPEX

Fixed O&M

Heat-to-power ratio

Construction duration

Lifespan

Efficiency

Pellets

3750

100

1.50

4

25

41%

Torrefied pellets

3750

100

1.50

4

25

42%

Coal

3250

105

2.42

4

40

28%

Gas

1101

34

1.42

4

25

41%

Geothermal energy

10000

250

3.33

7

40

14%

Oil

1150

250

1.31

4

20

37%

Constraints

The penetration of intermittent renewables is limited empirically to 35% of total electricity generation for each region and timeslice. The early penetration of renewables (from 2018 to 2028) is driven by additional capacities and total production according to IEA Renewable 2023 Dataset (IEA, 2024).

References

Irlam, L., 2017. Global CCS Institute : Global Costs of Carbon Capture and Storage. Global CCS Institute.
IEAGHG, 2020. Techno-Economic Benchmarks for Fossil Fuel-Fired Power Plants with CO2 Capture (No. 2020– 07).
Ferrari, N., Mancuso, L., Burnard, K., Consonni, F., 2019. Effects of plant location on cost of CO2 capture. International Journal of Greenhouse Gas Control 90, 102783. https://doi.org/10.1016/j.ijggc.2019.102783
Kang, S., 2017. La place de la bioénergie dans un monde sobre en carbone: Analyse prospective et développement de la filière biomasse dans le modèle TIAM-FR. MINES ParisTech.