Abstract
Design approaches for power electronics are typically focused on efficiency and power density; however, these strategies do not guarantee cost optimality in any well-defined sense. To overcome this shortcoming, we propose a design framework that yields circuit parameters that minimize the levelized cost of electricity (LCOE) of a generation system. LCOE serves as a meaningful metric since it captures total lifetime costs - including hardware, balance of system, and maintenance costs - and includes the impacts of power conversion efficiency and revenue from harvested energy. To obtain a tractable design problem, we formulate an approximate LCOE improvement model that quantifies the changes in LCOE resulting from a candidate converter design. We apply this framework to a multilevel cascaded topology for low-voltage dc to medium-voltage ac conversion without line-frequency transformers. An example 200 kW commercial-scale system is studied and the solution yields a design with 15 cascaded stages, 98.01% efficiency, and an LCOE reduction of 2.0%.
Original language | American English |
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Pages | 6973-6980 |
Number of pages | 8 |
DOIs | |
State | Published - Sep 2019 |
Event | 11th Annual IEEE Energy Conversion Congress and Exposition, ECCE 2019 - Baltimore, United States Duration: 29 Sep 2019 → 3 Oct 2019 |
Conference
Conference | 11th Annual IEEE Energy Conversion Congress and Exposition, ECCE 2019 |
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Country/Territory | United States |
City | Baltimore |
Period | 29/09/19 → 3/10/19 |
Bibliographical note
See NREL/CP-5D00-74141 for preprintNREL Publication Number
- NREL/CP-5D00-75852
Keywords
- Design optimization
- Levelized cost of electricity
- Multilevel converters