IEEE P2814

New IEEE Standard - Active - Draft.
This recommended practice defines techno-economic terminologies used in the construction and operation of low carbon power generator and energy storage systems. There is no consistent definition of techno-economic terminologies that have arisen in the evolution of low carbon power generator and electrical energy storage technologies. The terminologies will support stakeholders in using a common language when planning standards and for understanding published industrial and technical reports.

This recommended practice describes the techno-economic terminologies used in the construction and operation of low carbon energy generation and energy storage systems. The scope addresses how to perform techno-economic analysis for grid power generators and energy storage systems. The recommended practice defines a set of cost and finance metrics to benchmark and evaluate techno-economic performance of energy systems. Energy storage systems providing backup power are not within the scope.
This standard serves as a basic reference for policy makers, developers, and users of such systems, for planning industry standards, and for the interpretation of published technical and industrial reports.