HomeMy WebLinkAboutCORRECTED - Pages 18 - 21 - Application - 01092023Renewable Energy Fund Round 15
Grant Application – Standard Form
Phase 3 — Final Design and Permitting
Milestone or Task
Anticipated
Completion
Date
RE- Fund
Grant Funds
Grantee
Matching
Funds
Source
of
Matchi
ng
Funds:
TOTALS
(List milestones based on
phase and type of project. See
Sections 2.3 thru 2.6 of the
RFA )
$$$
Final Design and Permitting will
be based on Reconnaissance
and Feasibility and Conceptual
Design phases. However,
Permitting issues will likely be
resolved via results from the
PNNL Bio/Env study and
Regulatory/Permitting
Consulting. (Milestones 2 and 7
of the Reconnaissance Phase).
A “ballpark”
estimate can
be made as
Design costs
are typically
3-4% of total
project costs.
We are using
the higher
end for our
estimates
due to the
newness of
the
technologies.
Total project
cost can be
roughly
estimated by
cost per MW
installed of
turbine power.
At the average
estimate of 678
MW installed
(See Attachment
‘Estimate of Tidal
Power’) X
current estimate
of $15,000,000/
MW installed =
Total estimated
project cost of
$10,170,000,000
.
$
HOWEVER - This number
represents costs if the
turbines are all Prototypes,
which are inherently
expensive. A cost estimate
over time that reflects the
dropping price of turbines as
manufacturing supply chains
are established is below.
$$$
First 5MW @ $15M/MW
installed = $75,000,000 $$
Design/Engineering @4%$$$ 3,000,000
Next 45MW @$10M/MW
installed = $450,000,000 (Total
50 MW)
$$
Design/Engineering @4%$$$ 18,000,000
Design and Engineering for
project infrastructure,
connections to electrolyzer
plant and grid(s).
$ 20,000,000
TOTALS $$$ 41,000,000
Budget Categories:
Direct Labor & Benefits All in $ $$
Travel & Per Diem All in $ $$
AEA 23046 Page of 10/04/202218 41
Renewable Energy Fund Round 15
Grant Application – Standard Form
Equipment All in $ $$
Materials & Supplies All in $ $$
Contractual Services All in $ $$
Construction Services All in $ $$
Other N/A $ $$
TOTALS $$$ 41,000,000
AEA 23046 Page of 10/04/202219 41
Renewable Energy Fund Round 15
Grant Application – Standard Form
Phase 4 — Construction
Milestone or Task
Anticipated
Completion
Date
RE- Fund
Grant Funds
Grantee
Matching
Funds
Source of
Matching
Funds:
Cash/In-kind/
Federal
Grants/Other
State Grants/
Other
TOTALS
(List milestones based on
phase and type of project. See
Sections 2.3 thru 2.6 of the
RFA )
$$$
First 5MW @ $15M/MW
installed = $75,000,000 $$$ 75,000,000
Design/Engineering 75,000,000
@4% = $3,000,000 - Reflected
in Phase 3
$$
Next 45MW @$10M/MW
installed = $450,000,000 (Total
50 MW)
$$$ 450,000,000
Design/
Engineering$450,000,000
@4% = $18,000,000 -
Reflected in phase 3
$$
Next 50MW @ $8M/MW
Installed (Total 100MW)$$$ 400,000,000
Design/Engineering @4%$$$ 16,000,000
Next 50MW @ $6M/MW
Installed (Total 150MW
installed)
$$$ 300,000,000
Design/Engineering @4%$$$ 12,000,000
Next 50MW @ $4M/MW
Installed (Total 200 MW
Installed)
$ 200,000,000
Design/Engineering @4%$ 8,000,000
Next 100 MW @ $2M/MW
Installed (Total 300 MW
Installed)
$ 200,000,000
Design/Engineering @4%$$$ 8,000,000
Next 378 MW @ $1.5M/MW
installed - TOTAL 678 MW
INSTALLED
$ 567,000,000
Design/Engineering @4%$ 22,680,000
500MW Hydrogen Electrolyzer
Capacity X $550,000/MW
Installed
$$$ 275,000,000
AEA 23046 Page of 10/04/202220 41
Renewable Energy Fund Round 15
Grant Application – Standard Form
HVDC Cabling- 22 Miles to
Anchorage and 38 Miles to
Nikiski @ $2.5M/Mile =
$$$ 95,000,000
Step Up Facilities in Nikiski and
Anchorage for connection to
AK Railbelt Grid $2M X 2
$$$ 4,000,000
Land for Electrolyzer facility
and Step up facilities @ $3M $$$ 3,000,000
To reiterate these figures are
‘ballpark’ without the hard
data to be collected in the
Reconnaissance and Design
phases.
$$$
TOTALS $$$2,635,680,000
Budget Categories:
Direct Labor & Benefits All In $ $$
Travel & Per Diem All In $ $$
Equipment All In $ $$
Materials & Supplies All In $ $$
Contractual Services All In $ $$
Construction Services All In $ $$
Other TBD $ $$
TOTALS $$$2,635,680,000
AEA 23046 Page of 10/04/202221 41