The LCOE is typically used in cross-comparison with established conventional and renewable energy to assess the power generation potential and market competitiveness. LCOE of the MSRED system is influenced by the system scale and feed solutions at a given membrane unit price and discount rate level. A larger stage number augments the effective membrane area thus enhancing energy production and energy efficiency. However, it leads to higher equipment costs.
Figure 10 shows the variations of LCOE of the serial control MSRED system with stage numbers at different regional tax and electricity price levels under the maximum net power output conditions. Higher feed solution concentration can significantly decrease the system LCOE. The LCOE first decreases with increasing stage numbers, reaches its minimum value, then increases. At small stage numbers, lower net power generation hinders the LCOE. Increasing the stage numbers significantly improves the annual power generation, which decreases the LCOE. At larger stage numbers, augmenting stage numbers induces a significant increase in capital cost. The marginal growth in annual production is insufficient to cover the capital expenditure, resulting in increased LCOE. The lowest LCOE occurs at
n = 3 due to the compromise between net power generation and capital cost, while the corporate tax rate and high-salinity concentration present no obvious contribution to the optimal stage number. The LCOE decreases with increasing feed solution concentrations due to augmented net power generation, which is in accordance with Ref. [
29]. This decreasing trend weakens at higher concentrations since LCOE is mainly influenced by power generation when the stage number is fixed according to Eq. (32). Larger power generation leads to a smaller value of LCOE. Therefore, the differences in LCOE become less significant as the concentration increases. As shown in
Fig. 10A, in Germany, for 5 M/0.05 M solutions, the lowest system LCOE is 0.061 €·kWh
−1; For 4 M/0.05 M solutions, the lowest system LCOE is 0.067 €·kWh
−1; For 3 M/0.05 M solutions, the lowest system LCOE is 0.076 €·kWh
−1; For 2 M/0.05 M solutions, the lowest system LCOE is 0.097 €·kWh
−1. The lowest LCOEs under the studied solution concentrations are all lower than the actual electricity price benchmark, which indicates that the serial control MSRED plant presents considerable commercial competitiveness when determining reasonable construction scale and operating conditions.