Levelized Cost of Electricity

Image without caption
It
investment expenditures in the year t
Mt
operations and maintenance expenditures in the year t
Ft
fuel expenditures in the year t
Et
electrical energy generated in the year t
r
n
expected lifetime of system or power station
www.ise.fraunhofer.de

SDIA definition

💡
Our definition of a term might come from an standard, international organization, papers, academia or a government body. In which case we will copy their definition here and add the link to the reference. If it’s not we write our own definition for the term.
An example, for the term ‘digitalisation’ we may 100% accept the definition of the Eurofound. This definition can be found here: https://www.eurofound.europa.eu/observatories/eurwork/industrial-relations-dictionary/digital-economy (reference)
Eurofound defines digitalisation as
When applied to social systems or organisations, digitalisation refers in a broad way to the transformation brought about by the widespread adoption of digital technologies (robotics, machine learning, sensors, virtual reality and so on). When applied to specific pieces of information, digitisation refers to the process of converting them into a digital form that can be processed by a computer (or vice versa): it can be seen as a driver of digitalisation and encompasses actions performed through technologies, such as sensors, 3D printing or augmented reality and virtual reality.

Other definitions

💡
Here we collect other definitions of the terms with a reference to the source.
To stick with the example above, Gartner defines Digitalization as:
Digitalization is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business. (https://www.gartner.com/en/information-technology/glossary/digitalization)

Related SDIA publications

💡
If there is related SDIA publications, put them here (please only use SDIA website links or Notion links and do not upload or post documents here)

Related non-SDIA publications

💡
When researching a term, you might come across articles, documents or papers that are useful for anyone interested in this topic. Please add them here.

Changelog

💡
If you change an existing definition, please add the date and reasoning below.
Date
Change explanation
Change by

Powered by Notaku