Two INFERNO related papers were published by the groups of Prof. Alejandro Datas (UPM) and Prof. Asegun Henry (MIT), presenting techno-economic analyses on TPV and evaluation of relevant metrics.
The first, “Embracing thermophotovoltaic electricity: Pathways to market adoption” by the group of Prof. Alejandro Datas (UPM), provides a comprehensive perspective on the techno-economic landscape of thermophotovoltaic (TPV) electricity, analyzes the LCOE as a function of key factors, including efficiency, electric power density, and operational hours, identifies primary applications and high-potential markets for TPV technology adoption, and reviews the current state of the art in TPV technology and outlines critical R&D challenges for future advancements.
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In the second paper, “Thermophotovoltaic performance metrics and techno-economics: Efficiency vs. power density” by the group of Prof. Asegun Henry (MIT), the cost of thermophotovolatic systems is analyzed using the levelized cost of electricity as the primary metric. The relative importance of efficiency vs. power density of thermophotovoltaic cells is explained for different cost scenarios (cell cost vs. heating cost), specific cell property improvements are outlined for cost reduction, with a potential for halving costs by improving 1–2 parameters, and explored on how thermophotovoltaics can produce electricity at the low levelized cost of 8¢/kWh.
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