PNNL

Abstract

The Clean Energy Transformation Act transitions Washington State to 100% clean energy by 2045. As the future resource mix will likely include intermittent renewables, hydropower, and new, carbon-free, flexible technologies including advanced nuclear reactors and enhanced geothermal systems, we assess the cost and feasibility of the future resource mix with proprietary cost data from our industry partners for new technologies. For plausible future resource mix scenarios, we find that revenues are sufficient to cover variable operations and maintenance costs for most technologies, but capacity payments or power purchase agreements will be necessary for new, flexible resources to participate in the future resource mix.