Availability factorThe availability factor of a power plant is the duration it achieves production of electricity divided by the duration that it was planned to produce electricity. In the field of reliability engineering, availability factor is known as operational availability, Ao{\displaystyle A_{o}}. The capacity factor of a plant includes numerous other factors which determine the durations the plant is planned to produce electricity.
Nameplate capacityNameplate capacity, also known as the rated capacity, nominal capacity, installed capacity, maximum effect or gross capacity, is the intended full-load sustained output of a facility such as a power station, electric generator, a chemical plant, fuel plant, mine, metal refinery, and many others. Nameplate capacity is the theoretical output registered with authorities for classifying the unit.
Renewable energyEnergy collected from renewable resourcesExamples of renewable energy: concentrated solar power in Spain; wind energy in South Africa; the Three Gorges Dam on the Yangtze River in China; biomass energy plant in Scotland.Renewable energy (also called green energy) is energy made from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power, bioenergy/biomass, and hydropower.
Full load hourFull Load hour is a measure of the degree of utilisation of a technical system. Full load hours refer to the time for which a plant would have to be operated at nominal power in order to convert the same amount of electrical work as the plant has actually converted within a defined period of time, during which breaks in operation or partial load operation can also occur. The figure usually refers to a period of one calendar year and is mainly applied to power plants.
Kilowatt-hourA kilowatt-hour (unit symbol: kW⋅h or kW h; commonly written as kWh) is a non-SIunit of energy equal to 3.6 megajoules (MJ) in SI units, which is the energy delivered by one kilowatt of power for one hour. Kilowatt-hours are a common billing unit for electrical energy supplied by electric utilities. Metric prefixes are used for multiples and submultiples of the basic unit, the watt-hour.Electrical energyElectrical energy is the energy transferred as electric charges move between points with different electric potential, that is, as they move across a potential difference. As electric potential is lost or gained, work is done changing the energy of some system. The amount of work in joules is given by the product of the charge that has moved, in coulombs, and the potential difference that has been crossed, in volts.
Power stationA power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more generators, rotating machines that convert mechanical power into three-phase electric power. The relative motion between a magnetic field and a conductor creates an electric current.
FuelA fuel is any material that can react with other substances to release energy as thermal energy or to be used for work. The concept was originally applied solely to those materials capable of releasing chemical energy but has since also been applied to other sources of heat energy, such as nuclear energy (via nuclear fission and nuclear fusion). The heat energy released by reactions of fuels can be converted into mechanical energy via a heat engine.Method of averagingIn mathematics, more specifically in dynamical systems, the method of averaging (also called averaging theory) exploits systems containing time-scales separation: a fast oscillationversus a slow drift. It suggests that we perform an averaging over a given amount of time in order to iron out the fast oscillations and observe the qualitative behavior from the resulting dynamics.
UptimeUptime is a measure of system reliability, expressed as the period of time a machine, typically a computer, has been continuously working and available. Uptime is the opposite of downtime. It is often used as a measure of computer operating system reliability or stability, in that this time represents the time a computer can be left unattended without crashing or needing to be rebooted for administrative or maintenance purposes.
Market (economics)In economics, a market is any structure that allows buyers and sellers to exchange goods, services and information. The exchange of goods or services, either with money or without it, is a transaction. In free market economies, they are the process by which prices and allocations of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society by allowing tradeable items to be evaluated and priced.Dimensionless quantityDimensionless quantities, or quantities of dimension one, are quantities with no associated units of measurement. These may be ratios of quantities with the same physical units or ratios of dimensionally equal products with identical units. For instance, alcohol by volume (ABV) represents a volumetric ratio; its value remains independent of the specific units of volume used, such as in milliliters per milliliter (mL/mL).*As an Amazon Associate I earn from qualifying purchases.