NGD™ Value Proposition

The industry standard for measuring electrical grid energy costs is referred to as the Levelized Unit Electricity Cost (LUEC) or simply the Levelized Electricity Cost (LCE). These are usually displayed on a megawatt basis to analyze the real cost for electrical plants, however in the case of solar we are showing the cost per kilowatt hour as a way of showing the end-consumer cost comparison. There are several contributing factors when calculating the LCE but in this case we are removing waste removal or decommissioning expenses and focusing entirely on the cost to consumer equation.

The solar industry looks at costs per square meter because solar modules must be linked in order to achieve appropriate voltage requirements. These linked modules form panels that form the networks for industrial grid-based solar electrical plants. Manufacturing costs donʼt represent other associated expenses such as construction or land usage. Another important consideration in determining the cost effectiveness of solar modules is their power conversion efficiency or the amount of sunlight they can effectively convert to electrical energy. The final piece of the LCE equation is the cost per watt peak or $/Wp, as solar modules (representing around 50% of the installed cost) are sold in Watt Peak representing the power rating of the module under standard conditions.

The current cost per kilowatt hour of coal-burning grid electricity globally averages out at $0.10. NGD™ technology could match coal’s LCE cost. When you factor in the issues of mining, waste removal, pollution and C02 emissions, NGD™ solar power becomes the clear choice for a cleaner, more affordable and endlessly abundant energy future.