The Value of Efficiency

Peters IM, Sofia S, Rodriguez Gallegos CD, Buonassisi T (2020)

Publication Type: Conference contribution

Publication year: 2020

Journal

Conference Record of the IEEE Photovoltaic Specialists Conference Institute of Electrical and Electronics Engineers

Publisher: Institute of Electrical and Electronics Engineers Inc.

Book Volume: 2020-June

Pages Range: 0143-0145

Conference Proceedings Title: Conference Record of the IEEE Photovoltaic Specialists Conference

Event location: Calgary, OR, CAN

ISBN: 9781728161150

DOI: 10.1109/PVSC45281.2020.9300945

Abstract

In this paper, we discuss the value of efficiency (VOE)-a metric to assess the maximum allowable cost for innovation in photovoltaic technology. We derive VOE by analyzing the co-dependence of levelized cost of electricity (LCOE) on manufacturing cost and efficiency and use the tool to explore different scenarios and technologies. Exploring historical trends indicates that a stronger market diversification between utility and residential applications could develop. Regional trends indicate that another diversification could also happen across different countries. Finally, we also explore detrimental economic effects of degradation and show that competing for lower LCOEs demands achieving similar degradation rates as established technologies do.

Involved external institutions

Forschungszentrum Jülich / Research Centre Jülich (FZJ) DE Germany (DE) Massachusetts Institute of Technology (MIT) US United States (USA) (US) National University of Singapore (NUS) SG Singapore (SG)

How to cite

APA:

Peters, I.M., Sofia, S., Rodriguez Gallegos, C.D., & Buonassisi, T. (2020). The Value of Efficiency. In Conference Record of the IEEE Photovoltaic Specialists Conference (pp. 0143-0145). Calgary, OR, CAN: Institute of Electrical and Electronics Engineers Inc..

MLA:

Peters, Ian Marius, et al. "The Value of Efficiency." Proceedings of the 47th IEEE Photovoltaic Specialists Conference, PVSC 2020, Calgary, OR, CAN Institute of Electrical and Electronics Engineers Inc., 2020. 0143-0145.

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