Capital Cost and Performance Characteristics for Utility-Scale Electric Power Generating Technologies

Release date: January 10, 2024

To accurately reflect the changing cost of new electric power generators in the Annual Energy Outlook 2025 (AEO2025), EIA commissioned Sargent & Lundy (S&L) to evaluate the overnight capital cost and performance characteristics for 19 electric generator types. The following report represents S&L’s findings.

EIA accepted the following report in fulfillment of contract number 89303023-REI000091. All views expressed in this report are solely those of the contractor and acceptance of the report in fulfillment of contractual obligations does not imply agreement with nor endorsement of its findings. Responsibility for accuracy of the information contained in this report lies with the contractor. Although EIA intends to use this report to inform the updating of EIA’s Electricity Market Module in the National Energy Model System (NEMS), EIA is not obligated to modify any of its models or data in accordance with the findings of this report.