A new computer model, designed by the NEMMO project to simulate the effect of water flows over a tidal turbine blade, has shown high levels of accuracy when compared with real-life data.
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.