The DOE Science News Source is a Newswise initiative to promote research news from the Office of Science of the DOE to the public and news media.

Study Finds that the Price of Wind Energy in the United States is at an All-time Low, Averaging under 2.5¢/kWh

Lawrence Berkeley National Laboratory

Newswise — Wind energy pricing is at an all-time low, according to a new report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). The prices offered by wind projects to utility purchasers averaged under 2.5¢/kWh for projects negotiating contracts in 2014, spurring demand for wind energy.

“Wind energy prices—particularly in the central United States—have hit new lows, with utilities selecting wind as the low cost option,” Berkeley Lab Senior Scientist Ryan Wiser said. “Moreover, enabled by technology advancements, wind projects are economically viable in a growing number of locations throughout the U.S.”

Key findings from the U.S. Department of Energy's latest “Wind Technologies Market Report” include:

• Wind is a credible source of new electricity generation in the United States. Wind power capacity additions in the United States rebounded in 2014, with $8.3 billion invested in 4.9 gigawatts (GW) of new capacity additions. Wind power has comprised 33% of all new U.S. electric capacity additions since 2007. Wind power currently meets almost 5% of the nation’s electricity demand, and represents more than 12% of total electricity generation in nine states, and more than 20% in three states.

• Turbine scaling is enhancing wind project performance. Since 1998-99, the average nameplate capacity of wind turbines installed in the United States has increased by 172% (to 1.9 MW in 2014), the average turbine hub height has increased by 48% (to 83 meters), and the average rotor diameter has increased by 108% (to 99 meters). This substantial scaling has enabled wind project developers to economically build projects in lower wind-speed sites, and is driving capacity factors higher for projects located in various wind resource regimes. Moreover, turbines originally designed for lower wind speeds are now regularly deployed in higher wind speed sites, further boosting project performance.

• Low wind turbine pricing continues to push down installed project costs. Wind turbine prices have fallen 20% to 40% from their highs back in 2008, and these declines are pushing project-level costs down. Wind projects built in 2014 had an average installed cost of $1,710/kW, down almost $600/kW from the peak in 2009 and 2010.

• Wind energy prices have reached all-time lows, improving the economic competitiveness of wind. Lower wind turbine prices and installed project costs, along with improvements in expected capacity factors, are enabling aggressive wind power pricing. After topping out at nearly 7¢/kWh in 2009, the average levelized long-term price from wind power sales agreements signed in 2014 fell to just 2.35¢/kWh—the lowest-ever average price in the U.S. market, though admittedly focused on a sample of projects that largely hail from the lowest-priced central region of the country. The continued decline in average wind prices, along with a bit of a rebound in wholesale power prices, put wind below the bottom of the range of nationwide wholesale power prices in 2014. Wind energy contracts executed in 2014 also compare very favorably to a range of projections of the fuel costs of gas-fired generation extending out through 2040. These low prices have spurred demand for wind energy, both from traditional electric utilities and also, increasingly, from commercial customers.

• The manufacturing supply chain continued to adjust to swings in domestic demand for wind equipment. Wind sector employment increased from 50,500 in 2013 to 73,000 in 2014. Moreover, the profitability of turbine suppliers has generally rebounded over the last two years, after a number of years in decline. For wind projects recently installed in the U.S., domestically made content is highest for nacelle assembly (>90%), towers (70-80%), and blades and hubs (45-65%), but is much lower (<20%) for most components internal to the nacelle. Exports of wind-powered generating sets from the United States rose from $16 million in 2007 to $488 million in 2014; tower exports equaled $116 million in 2014. Despite the significant growth in the domestic supply chain over the last decade, however, far more domestic manufacturing facilities closed in 2014 than opened. With an uncertain domestic market after 2016, some manufacturers have been hesitant to commit additional long-term resources to the U.S. market.

Berkeley Lab’s contributions to this report were funded by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy.

# # #Lawrence Berkeley National Laboratory addresses the world’s most urgent scientific challenges by advancing sustainable energy, protecting human health, creating new materials, and revealing the origin and fate of the universe. Founded in 1931, Berkeley Lab’s scientific expertise has been recognized with 13 Nobel prizes. The University of California manages Berkeley Lab for the U.S. Department of Energy’s Office of Science. For more, visit www.lbl.gov.

DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit science.energy.gov.

Additional Information:The full report (“2014 Wind Technologies Market Report”), a presentation slide deck that summarizes the report, and an Excel workbook that contains much of the data presented in the report, can all be downloaded from:windreport.lbl.gov

The Department of Energy’s release on this study is available at: energy.gov/windreport

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Released: 23-Jul-2021 3:10 PM EDT
DOE Announces $73 Million for Research to Advance Quantum Science and Technology
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) announced $73 million in funding to advance quantum information science (QIS) research to help scientists better understand the physical world and harness nature to benefit people and society.

Newswise: New Imaging Isotope Meets Promising Therapy Isotopes
Released: 23-Jul-2021 11:20 AM EDT
New Imaging Isotope Meets Promising Therapy Isotopes
Department of Energy, Office of Science

Researchers have demonstrated the production, purification, and potential application of cerium-134. The isotope decays into lanthanum-134, which is useful for positron emission tomography (PET) imaging. The results mean that cerium-134 could support medical treatments based on actinium-225 or thorium-227.

Newswise: Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Released: 22-Jul-2021 5:10 PM EDT
Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Argonne National Laboratory

The U.S. Department of Energy has awarded $4.15 million to Argonne National Laboratory to support collaborations with industry aimed at commercializing promising energy technologies.

Newswise: Buzz About Thermoelectrics Heats Up with Promising New Magnesium-Based Materials
Released: 22-Jul-2021 4:30 PM EDT
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Oak Ridge National Laboratory

Researchers at Duke University and Michigan State University used neutrons at Oak Ridge National Laboratory to gain new fundamental insights into two magnesium-based materials. Investigations at the atomic scale revealed the origin and mechanism behind the materials’ ability to convert thermal energy at room temperature into electricity and provides possible new pathways for improving thermoelectric applications such as those in the Perseverance rover and myriad other devices and energy-generation technologies.

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Released: 22-Jul-2021 4:20 PM EDT
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Newswise: Fusion Physicist Roscoe White Steps Down After a Long and Fruitful Career at PPPL
Released: 22-Jul-2021 3:35 PM EDT
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Princeton Plasma Physics Laboratory

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Released: 22-Jul-2021 2:10 PM EDT
DOE Announces $11 Million to Study Critical Ecosystems and Improve Climate and Earth System Modeling
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The U.S. Department of Energy (DOE) today announced $11 million in funding for new research studying how critical ecosystems, such as forests, arid lands, and coastal environments, are impacted by extreme weather events, such as floods, droughts, and heat waves.

Newswise: New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Released: 22-Jul-2021 11:35 AM EDT
New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Department of Energy, Office of Science

One isotope of the extremely rare element Astatine has shown promise in the treatment of malignant brain tumors, ovarian cancer, advanced blood and lymph system cancers. However, because of its short half-life, scientists need a rapid system with high yield to recover the isotope, At-211, for medical use. Scientists have developed a new purification system that results in a high purity, high yield recovery of At-211.

Released: 21-Jul-2021 2:20 PM EDT
DOE Invests $13 Million in Research on Adapting Scientific Software to Run on Next-Generation Supercomputers
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) today announced more than $13 million for five advanced-computing projects across nine states, including $4.4 million to U.S. universities.

Newswise: Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Released: 21-Jul-2021 12:55 PM EDT
Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Oak Ridge National Laboratory

On the road leading to Oak Ridge National Laboratory, drivers may notice that many of the green trees lining the entrance to the lab are dappled with brown leaves. Just weeks past the summer solstice, this phenomenon is out of place and is in fact evidence of another natural occurrence: cicada “flagging.”

View More
Released: 23-Jul-2021 3:10 PM EDT
DOE Announces $73 Million for Research to Advance Quantum Science and Technology
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) announced $73 million in funding to advance quantum information science (QIS) research to help scientists better understand the physical world and harness nature to benefit people and society.

Newswise: New Imaging Isotope Meets Promising Therapy Isotopes
Released: 23-Jul-2021 11:20 AM EDT
New Imaging Isotope Meets Promising Therapy Isotopes
Department of Energy, Office of Science

Researchers have demonstrated the production, purification, and potential application of cerium-134. The isotope decays into lanthanum-134, which is useful for positron emission tomography (PET) imaging. The results mean that cerium-134 could support medical treatments based on actinium-225 or thorium-227.

Newswise: Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Released: 22-Jul-2021 5:10 PM EDT
Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Argonne National Laboratory

The U.S. Department of Energy has awarded $4.15 million to Argonne National Laboratory to support collaborations with industry aimed at commercializing promising energy technologies.

Newswise: Buzz About Thermoelectrics Heats Up with Promising New Magnesium-Based Materials
Released: 22-Jul-2021 4:30 PM EDT
Buzz About Thermoelectrics Heats Up with Promising New Magnesium-Based Materials
Oak Ridge National Laboratory

Researchers at Duke University and Michigan State University used neutrons at Oak Ridge National Laboratory to gain new fundamental insights into two magnesium-based materials. Investigations at the atomic scale revealed the origin and mechanism behind the materials’ ability to convert thermal energy at room temperature into electricity and provides possible new pathways for improving thermoelectric applications such as those in the Perseverance rover and myriad other devices and energy-generation technologies.

Newswise: A 10-Year Look at the Battery Supply Chain in America
Released: 22-Jul-2021 4:20 PM EDT
A 10-Year Look at the Battery Supply Chain in America
Argonne National Laboratory

A new report summarizes the manufacturing and production locations of lithium-ion battery cells and packs by make and model for PEVs sold in the U.S. from 2010 to 2020. It also summarizes the annual and cumulative Li-ion battery capacity installed in hybrid electric vehicles (HEVs) sold in the U.S.

Newswise: Fusion Physicist Roscoe White Steps Down After a Long and Fruitful Career at PPPL
Released: 22-Jul-2021 3:35 PM EDT
Fusion Physicist Roscoe White Steps Down After a Long and Fruitful Career at PPPL
Princeton Plasma Physics Laboratory

Article profiles 47-year tenure and ground-breaking contributions of distinguished theoretical physicist.

Released: 22-Jul-2021 2:10 PM EDT
DOE Announces $11 Million to Study Critical Ecosystems and Improve Climate and Earth System Modeling
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) today announced $11 million in funding for new research studying how critical ecosystems, such as forests, arid lands, and coastal environments, are impacted by extreme weather events, such as floods, droughts, and heat waves.

Newswise: New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Released: 22-Jul-2021 11:35 AM EDT
New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Department of Energy, Office of Science

One isotope of the extremely rare element Astatine has shown promise in the treatment of malignant brain tumors, ovarian cancer, advanced blood and lymph system cancers. However, because of its short half-life, scientists need a rapid system with high yield to recover the isotope, At-211, for medical use. Scientists have developed a new purification system that results in a high purity, high yield recovery of At-211.

Released: 21-Jul-2021 2:20 PM EDT
DOE Invests $13 Million in Research on Adapting Scientific Software to Run on Next-Generation Supercomputers
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) today announced more than $13 million for five advanced-computing projects across nine states, including $4.4 million to U.S. universities.

Newswise: Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Released: 21-Jul-2021 12:55 PM EDT
Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Oak Ridge National Laboratory

On the road leading to Oak Ridge National Laboratory, drivers may notice that many of the green trees lining the entrance to the lab are dappled with brown leaves. Just weeks past the summer solstice, this phenomenon is out of place and is in fact evidence of another natural occurrence: cicada “flagging.”

View More
Released: 23-Jul-2021 3:10 PM EDT
DOE Announces $73 Million for Research to Advance Quantum Science and Technology
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) announced $73 million in funding to advance quantum information science (QIS) research to help scientists better understand the physical world and harness nature to benefit people and society.

Newswise: New Imaging Isotope Meets Promising Therapy Isotopes
Released: 23-Jul-2021 11:20 AM EDT
New Imaging Isotope Meets Promising Therapy Isotopes
Department of Energy, Office of Science

Researchers have demonstrated the production, purification, and potential application of cerium-134. The isotope decays into lanthanum-134, which is useful for positron emission tomography (PET) imaging. The results mean that cerium-134 could support medical treatments based on actinium-225 or thorium-227.

Newswise: Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Released: 22-Jul-2021 5:10 PM EDT
Department of Energy Awards $4.15 Million to Argonne to Support Collaborations with Industry
Argonne National Laboratory

The U.S. Department of Energy has awarded $4.15 million to Argonne National Laboratory to support collaborations with industry aimed at commercializing promising energy technologies.

Newswise: Buzz About Thermoelectrics Heats Up with Promising New Magnesium-Based Materials
Released: 22-Jul-2021 4:30 PM EDT
Buzz About Thermoelectrics Heats Up with Promising New Magnesium-Based Materials
Oak Ridge National Laboratory

Researchers at Duke University and Michigan State University used neutrons at Oak Ridge National Laboratory to gain new fundamental insights into two magnesium-based materials. Investigations at the atomic scale revealed the origin and mechanism behind the materials’ ability to convert thermal energy at room temperature into electricity and provides possible new pathways for improving thermoelectric applications such as those in the Perseverance rover and myriad other devices and energy-generation technologies.

Newswise: A 10-Year Look at the Battery Supply Chain in America
Released: 22-Jul-2021 4:20 PM EDT
A 10-Year Look at the Battery Supply Chain in America
Argonne National Laboratory

A new report summarizes the manufacturing and production locations of lithium-ion battery cells and packs by make and model for PEVs sold in the U.S. from 2010 to 2020. It also summarizes the annual and cumulative Li-ion battery capacity installed in hybrid electric vehicles (HEVs) sold in the U.S.

Newswise: Fusion Physicist Roscoe White Steps Down After a Long and Fruitful Career at PPPL
Released: 22-Jul-2021 3:35 PM EDT
Fusion Physicist Roscoe White Steps Down After a Long and Fruitful Career at PPPL
Princeton Plasma Physics Laboratory

Article profiles 47-year tenure and ground-breaking contributions of distinguished theoretical physicist.

Released: 22-Jul-2021 2:10 PM EDT
DOE Announces $11 Million to Study Critical Ecosystems and Improve Climate and Earth System Modeling
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) today announced $11 million in funding for new research studying how critical ecosystems, such as forests, arid lands, and coastal environments, are impacted by extreme weather events, such as floods, droughts, and heat waves.

Newswise: New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Released: 22-Jul-2021 11:35 AM EDT
New Elegant Method for Rapid Recovery of Anti-Cancer Agent At-211
Department of Energy, Office of Science

One isotope of the extremely rare element Astatine has shown promise in the treatment of malignant brain tumors, ovarian cancer, advanced blood and lymph system cancers. However, because of its short half-life, scientists need a rapid system with high yield to recover the isotope, At-211, for medical use. Scientists have developed a new purification system that results in a high purity, high yield recovery of At-211.

Released: 21-Jul-2021 2:20 PM EDT
DOE Invests $13 Million in Research on Adapting Scientific Software to Run on Next-Generation Supercomputers
Department of Energy, Office of Science

The U.S. Department of Energy (DOE) today announced more than $13 million for five advanced-computing projects across nine states, including $4.4 million to U.S. universities.

Newswise: Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Released: 21-Jul-2021 12:55 PM EDT
Browning Leaves on Oak Ridge Reservation Harbinger of Next Cicada Generation
Oak Ridge National Laboratory

On the road leading to Oak Ridge National Laboratory, drivers may notice that many of the green trees lining the entrance to the lab are dappled with brown leaves. Just weeks past the summer solstice, this phenomenon is out of place and is in fact evidence of another natural occurrence: cicada “flagging.”

View More

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