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Fuel consumption is the major portion of diesel plant owning and operating costs for power applications, whereas capital cost is the primary concern for backup generators. Specific consumption varies, but a modern diesel plant will, at its near-optimal 65-70% loading, generate at least 3 kWh per liter (ca. 30% fuel efficiency ratio ).
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
1952 Shell Oil film showing the development of the diesel engine from 1877. The diesel engine, named after the German engineer Rudolf Diesel, is an internal combustion engine in which ignition of diesel fuel is caused by the elevated temperature of the air in the cylinder due to mechanical compression; thus, the diesel engine is called a compression-ignition engine (CI engine).
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The first Soviet mass-produced diesel locomotive, TE3, was powered by a 1470 kW (2000 hp) 2D100 engine, direct descendant of the marine 38 8-1/8 engine. The TE3 was produced in high numbers (up to 7600 units), and proved to be a reliable mainline freight locomotive.
The cost of a electricity production depends on costs during the expected lifetime of the generator and the amount of electricity the generator is expected to produce over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [3]