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This project has received funding from the European Union’s Horizon 2020 research and Innovation programme under grant agreement 815278
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project’s progress and its results:
Levelised Cost of Energy (LCOE) determines how much money must be made per unit of electricity (kWh, MWh etc. or even other types of energy like home heating) to recoup the lifetime costs of the system. This includes the initial capital investment, maintenance costs, the cost of fuel for the system (if any), any operational costs and the discount rate.