Abstract
Coal and natural gas have and will likely continue to be key components of the world energy supply for years to come. Currently, the most efficient commercial technologies for power production are supercritical pulverized coal combustion (SCPC) and natural gas combustion with combined cycle (NGCC). Emerging technologies for more efficient power generation from coal include ultra-super-critical pulverized coal (USCPC), advanced ultra-super-critical PC, integrated gasification combined cycle (IGCC), integrated gasification fuel cell combined cycle (IGFC), and direct carbon fuel cell. They each have different capital and operating costs leading to different levelized cost of electricity (LCOE). To forecast each of these competing technologies under various scenarios of electricity demand, fuel cost, and research investment, we created a Power Technology Futures Model (PTFM) based on “learning curves” methodology. Technology learning curves are a powerful tool for forecasting anticipated performance improveme...
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