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FIGURE 4D API 610 data sheets, page 4 of 5 (Courtesy American Petroleum Institute)

• Auxiliary services (includes operating costs such as cooling water, steam heating, centralized oil lubrication systems, and so on)

• Maintenance (includes routine servicing and unplanned repairs)

• Potential loss of income due to unplanned downtime (sometimes neglected if a spare pump is included in purchase price)

• Disposal (to dispose of the equipment, in an environmentally responsibly way)

FIGURE 4E API 610 data sheets, page 5 of 5 (Courtesy American Petroleum Institute)

A life cycle cost equation, representing each of these cost components, is readily developed as follows:

Renewable Energy Eco Friendly

Renewable Energy Eco Friendly

Renewable energy is energy that is generated from sunlight, rain, tides, geothermal heat and wind. These sources are naturally and constantly replenished, which is why they are deemed as renewable.

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