Compute the LCOE of a 2 kW diesel system that is 15% efficient. Assume they use a 2 kW system to meet peak demand, can buy diesel fuel at $1.2/Liter, and use a CCF of 0.1.
Given :
The formula for LCOE(Levelized Cost of Energy)
Since efficiency is 15%, therefore energy produced per hour is :
Now, sum of total energy produced in a hour is :
Now, LCOE is:
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