Baseline Rated Power 50 kW

Baseline Cost for PTO Option 8

$/kW $/Device Scaling
SA - Primary Energy Capture 1,180 58,996 $/Device
SA - Add. Struct. Components 429 21,457 $/Device
SA - Marine Systems 523 26,168 $/Device
SA - SCADA 497 24,835 $/Device
PCC - Structural Assembly 71 3,568 $/kW
PCC - Drivetrain (i.e., Prime Mover) 940 47,006 $/kW
PCC - Hydraulic System 1,727 86,353 $/kW
PCC - Power Electrical System 973 48,672 $/kW
Development 13 663 $/Plant
Engineering and Management 3 137 $/Plant
Plant Commissioning 526 26,306 $/Device
Assembly & Installation 529 26,432 $/Device
Other Infrastructure 5 251 $/Plant
Substructure & Foundation 2,247 112,335 $/Device
Financial Costs 680 33,989 % of Total Cost
Total 10,343 517,168

Performance vs. Rated Capacity (Computed using detailed LCoE spreadsheet for Baseline)

P rated AEP Capacity Factor

50 115 MWh/year 26%
60 128 MWh/year 24%
70 139 MWh/year 23%
80 145 MWh/year 21%
90 149 MWh/year 19%
100 151 MWh/year 17%

Performance Multipliers for Options 1-8

Option # 1 2 3
Performance Multiplier 1.206 1.1919 1.1135

Prated (kW) AEP (MWh/year)

50 139 137 128
60 154 153 143
70 168 166 155
80 175 173 161
90 180 178 166
100 182 180 168

Prated (kW) Paverage (kW)

50 15.8 15.6 14.6
 60 17.6 17.4 16.3
70 19.1 18.9 17.7
80 20.0 19.7 18.4
90 20.5 20.3 18.9
100 20.8 20.5 19.2

Prated (kW) Capacity Factor (%)

50 32% 31% 29%
60 29% 29% 27%
70 27% 27% 25%
80 25% 25% 23%
90 23% 23% 21%
100 21% 21% 19%

Total Cost vs. Rated Capacity

Cost Difference dependending on config - 1-Unit $ (86,000) $ (86,000) $ (25,000)
Cost Difference dependending on config - 2400-Units $ (23,889) $ (23,889) $ (6,944)
P rated (kW) $/Device
50 $ 493,279 $ 493,279 $ 510,223
60 $ 530,399 $ 530,399 $ 547,343
70 $ 567,519 $ 567,519 $ 584,463
80 $ 604,638 $ 604,638 $ 621,583
90 $ 641,758 $ 641,758 $ 658,703
100 $ 678,878 $ 678,878 $ 695,823

Ann O&M Cost (fixed per device) $ 16,031 $ 16,031 $ 16,031

LCoE Computation
FCR 0.108
Controls Option 1 2 3
Prated (kW) LCoE ($/MWh)
50 0.500 0.506 0.556
60 0.475 0.481 0.527
70 0.461 0.467 0.511
80 0.465 0.471 0.515
90 0.475 0.481 0.525
100 0.491 0.496 0.542

Percentage LCoE Reduction 17% 16% 8%

LCoE Optimized Rated Power 70 80 80
LCoE Optimized Capacity Factor 27% 25% 23%
$/Plant % of Total Cost Basis/Device
141,590,303 11% Vendor Quotes + RME estimates
51,497,763 4% RME estimates
62,802,150 5% RME estimates
59,604,950 5% Vendor Quotes + RME estimates
8,563,930 1% RME estimates
112,815,499 9% Vendor Quotes + RME estimates
207,247,097 17% Vendor Quotes + RME estimates
116,812,000 9% Vendor Quotes + RME estimates
1,590,164 0% RME estimates
327,869 0% RME estimates
63,133,695 5% RME estimates
63,436,516 5% RME estimates 160
601,639 0% RME estimates

Annual Energy Production (MWh/yr)

269,605,191 22% Vendor Quotes + RME estimates 150
f(x) = - 0.0148214286x^2 + 2.9
81,573,663.73 7% Construction Financing R² = 0.9988719864
140
1,241,202,431 100%
130

120
Paverage (kW)
13.1 110
14.6
15.9 100
40 50 60 70
16.6
17.0 PTO Rated
17.2

4 5 6 7 8 Baseline
1.2325 1.413 1.4007 1.5045 1.598 1

142 162 161 173 184 115

158 181 179 193 205 128
171 196 195 209 222 139
179 205 203 218 232 145
184 211 209 224 238 149
186 213 212 227 241 151

16.2 18.5 18.4 19.8 21.0 13.1

 18.0 20.6 20.5 22.0 23.3 14.6
19.6 22.4 22.2 23.9 25.4 15.9
20.4 23.4 23.2 24.9 26.5 16.6
21.0 24.0 23.8 25.6 27.2 17.0
21.2 24.4 24.1 25.9 27.5 17.2

32% 37% 37% 40% 42% 26%

30% 34% 34% 37% 39% 24%
28% 32% 32% 34% 36% 23%
26% 29% 29% 31% 33% 21%
23% 27% 26% 28% 30% 19%
21% 24% 24% 26% 28% 17%

$ (25,000) $ (61,000) $ (61,000) $ - $ - $ (86,000)

$ (6,944) $ (16,944) $ (16,944) $ - $ - $ (23,889)

$ 510,223 $ 500,223 $ 500,223 $ 517,168 $ 517,168 $ 493,279

$ 547,343 $ 537,343 $ 537,343 $ 554,288 $ 554,288 $ 530,399
$ 584,463 $ 574,463 $ 574,463 $ 591,407 $ 591,407 $ 567,519
$ 621,583 $ 611,583 $ 611,583 $ 628,527 $ 628,527 $ 604,638
$ 658,703 $ 648,703 $ 648,703 $ 665,647 $ 665,647 $ 641,758
$ 695,823 $ 685,823 $ 685,823 $ 702,767 $ 702,767 $ 678,878

$ 16,031 $ 17,531 $ 17,531 $ 17,531 $ 17,531 $ 16,031

4 5 6 7 8 Baseline

0.502 0.440 0.444 0.424 0.399 0.603

0.476 0.418 0.421 0.402 0.378 0.573
0.462 0.405 0.409 0.389 0.366 0.556
0.465 0.408 0.412 0.392 0.369 0.561
0.475 0.416 0.420 0.399 0.376 0.573
0.490 0.429 0.433 0.411 0.387 0.592

17% 27% 27% 30% 34% 0%

80 80 80 80 80 70
26% 29% 29% 31% 33% 23%
 f(x) = - 0.0148214286x^2 + 2.9346428571x + 5.4285714286
R² = 0.9988719864

50 60 70 80 90 100 110
PTO Rated Power (kW)