The cheapest option for generating electricity from biomass is co-firing. Retrofitting a co-firing option to an existing coal-fired power plant costs between $100/kW and $700/kW of biomass generating capacity, with the average price around $200/kW.5
A new direct-fired biomass power plant costs around $2000/kW as a result of the low efficiency of existing technology. This could be reduced to around $1300/kW by the end of the decade as new, higher-efficiency plants are introduced. First generation biomass gasification power plants will probably cost around $2000/kW, dropping to $1400/kW by 2010. For comparison, a typical coal-gasification-based plant entering service in 2006 would cost around $1300/kW.
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Your Alternative Fuel Solution for Saving Money, Reducing Oil Dependency, and Helping the Planet. Ethanol is an alternative to gasoline. The use of ethanol has been demonstrated to reduce greenhouse emissions slightly as compared to gasoline. Through this ebook, you are going to learn what you will need to know why choosing an alternative fuel may benefit you and your future.