The LCOE represents the present value of the total cost of building and operating a power generating plant over an assumed financial life and duty cycle, converted to equal annual payments and expressed in terms of real dollars to remove the impact of inflation.
We are profitable without subsidies!
Our Levelized Cost of Energy (LCOE) is less than 4 cents per kWh.
Other offshore renewable energy companies and most solar electricity generators, produce LCOE rated over 10 cents per kWh.
Average Cost of Electricity Generation in 2018
With our patented new technology we can produce energy more cost-effective than other new electricity generation systems.