Cost breakdown of the reference price for example products. In Adv Elec (EE+), the fuel cost of electrified LMT process heat shifts to electricity. Cost shares are from Census ASM data (2021), with a 10% profit margin assumed. Share of fuel cost that constitutes LMT process heat estimated using EIA MECS end-use data and 2035 Initiative modeling of heat use by sector. Capital and maintenance costs are not adjusted between scenarios.