I think folks sometimes lose sight of the fact that there are cheaper ways to improve efficiency using existing technology right off-the-shelf, and reduce GHG emissions.
So I’m going to give you a real-world example, with real numbers, but for an unnamed power plant. All I’ll say is it’s a US coal plant, East of the Mississippi, that serves about a quarter million homes.
Currently this plant emits about 1,185,000 tons of CO2 per year, and doesn’t produce power as efficiently as it might. The reasons for this are varied, as I will demonstrate. I looked at things on a 10-year basis.
I recommended a lot of possible upgrades for them to improve the efficiency of their power plant. The first thing is a simply having boiler tuning experts come out and improve their plant efficiency by running tests on damper positions, fixing some leaks, and improving combustion tuning. The cost for this is roughly $50,000 per year, and there is the potential to save about 9,000 tons of CO2 emitted. So over 10 years (using simple math, not taking into account escalation, NPV…this is just an SDMB post, after all) we get.
Boiler tuning: Spend $500,000, save 90,000 tons of CO2 ($5.55 per ton)
The next thing up is looking at repairing an abominable air heater, which is a huge energy waster. Fixing this critter will save about 29,710 tons of CO2 per year, and cost $1,200,000 the first year, with other costs of $100,000 every 2 years, with CO2 savings decreasing slightly in-between the “touch-up” costs. So:
Air heater repair: Spend $1,600,000, save about 267,390 tons of CO2 ($5.98 per ton)
Next we have installing a new control system with closed-loop neural models, which will allow much finer boiler operation. This system costs $1,300,000 initially, with $150,000 per year added on. It can save about 18,000 tons of CO2 per year. So:
Advanced boiler controls: Spend $2,650,000, save 180,000 tons of CO2 ($14.72 per ton)
Finally, we have a turbine upgrade, which would improve their LP efficiency by quite a bit, and fix some HP blade problems as well. This sucker costs about $4,500,000 and will save about 30,000 tons of CO2 per year, with the savings declining over time due to gradual loss of improvement. So:
Turbine upgrade: spend $4,500,000, save about 255,000 tons of CO2 ($17.65 per ton)
So the short of it? A carbon tax of about $5 a ton would drive this plant to make probably two immediate upgrades, and could influence them for a 3rd. The net savings would be more than a third of a million tons of CO2 emitted at their current generation rate. These solutions are standard solutions, using standard off-the-shelf tech, and there are numerous vendors available to help them. Total downtime for the first two items would be about 4-6 weeks for the air heater, and a couple of days each year for the boiler tuning.
Now…I probably know about a hundred coal units that are the same size or larger as this one which could benefit to the same level as this hypothetical case. In reality, there could be 300-400 or so that could be in this same situation. Let’s just take 100 – we would be looking at saving millions of tons of CO2 using standard off-the-shelf tech and processes, with minimal downtime.
Oh, you might be wondering what the net cost is, right? Well – this plant generates about 1,100 GWh of electricity each year. That’s 1,100,000,000 kWh. Spending a total of $2.1 million over 10 years, with 11,000,000,000 kWh generated over that 10-year period, results in an increase in cost to you, the consumer, of 0.19 cents per kWh, or 0.019 cents per kWh per year. For an average electric bill in that area, that might increase your annual electric bill by 0.16%. If your total annual electric bill is about, oh, $1500 a year, then you pay $2.39 per year as your part to save a third of a million tons of CO2 from being emitted. You are not going to get that ROI too many other places.