Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “dynamic pricing”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 181 records · Page 10
All sourcesNASA NTRSDOE OSTI
DOE OSTI2020

Agent-based modeling of supply disruptions in the global rare earths market

Several independent assessments have identified rare earth elements (REEs) as critical materials, notably neodymium (Nd), praseodymium (Pr), and dysprosium (Dy) used in permanent magnets. Factors affecting their criticality include expected growth in demand arising from their unique performance-enhancing properties in consumer, energy, and military applications and the supply risk associated with China's dominance in their production. We demonstrate the use of Argonne's Global Critical Materials (GCMat) agent-based model to explore the possible consequences to REE market dynamics of different types of regional supply disruptions including a temporary loss of production, shutdown of capacity, and diversion of supply. Results suggest that supply disruptions may foster earlier and more REE mine starts outside of China, although some of these mines may not be able to sustain operations post disruption. Further, price and associated market responses such as production, capacity, and demand tended to extend beyond the disruption period. Such market impacts in the magnet supply chain could affect the costs and availability of a number of emerging clean energy technology applications such as electric vehicles and wind turbines. In the future, GCMat could be used to evaluate the effectiveness of mitigation strategies - including recycling, conservation, product substitution, and diversification of supplies - on reducing the severity of disruptions in REE markets.

36 MATERIALS SCIENCE↗
DOE OSTI2023

2023 Real-time Optimization Workflow Status Update

Nuclear integrated energy systems are composed of a diverse set of energy generation sources and exist in dynamic and competitive electricity markets. With the inclusion of thermal energy storage, nuclear power systems can store heat for future use through various processes, such as water desalination or hydrogen generation. This heat storage can be managed in such a way as to economically optimize its usage. By combining real-time price data from the day-ahead and real-time markets with predictive and intelligent models, the charging and discharging of the thermal energy storage may be determined and optimized. This research details an approach through models and systems for the real-time optimization (RTO) of capacity allocation. Virtual models of the energy system and its physics phenomenon and component interactions provide intelligence to verification and prediction of operations. An optimization framework can use data generated from both a set of physical assets as well as the virtual models to predict future performance and create optimization and control workflows. Data warehouse technologies can be used to combine data across models, optimization workflows, market price data, and sensor data to intuitively store various types of data and provide integrations to physical control systems as well as user visualizations. Put together, these components can create a system for the RTO of nuclear integrated energy systems. Various virtual models and bench-scale physical demonstrations have been successfully performed and verified using this system. Larger scale testbeds that include thermal energy storage systems have been identified as future opportunities. A gap analysis that details the steps necessary to reach a physical demonstration at this scale is provided, along with conclusions on the current effort and future work.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗
DOE OSTI2020

An ERCOT test system for market design studies

An open source test system is developed that permits the dynamic modeling of centrally-managed wholesale power markets operating over highvoltage transmission grids. In default mode, the test system models basic operations in the Electric Reliability Council of Texas (ERCOT): namely, centrally-managed day-ahead and real-time markets operating over successive days, with congestion handled by locational marginal pricing. These basic operational features characterize all seven U.S. energy regions organized as centrally-managed wholesale power markets. Modeled participants include dispatchable generators, load-serving entities, and non-dispatchable generation such as unrmed wind and solar power. Users can congure a broad variety of parameters to study basic market and grid features under alternative system conditions. Users can also easily extend the test system's Java/Python software classes to study modied or newly envisioned market and grid features. Finally, the test system is integrated with a high-level simulation framework that permits it to function as a software component within larger systems, such as multi-country systems or integrated transmission and distribution systems. Finally, detailed test cases with 8-bus and 200-bus transmission grids are reported to illustrate these test system capabilities.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2022

Estimating the impacts of natural gas power generation growth on solar electricity development: PJM's evolving resource mix and ramping capability

Abstract Expansion of distributed solar photovoltaic (PV) and natural gas‐fired generation capacity in the United States has put a renewed spotlight on methods and tools for power system planning and grid modernization. This article investigates the impact of increasing natural gas‐fired electricity generation assets on installed distributed solar PV systems in the Pennsylvania–New Jersey–Maryland (PJM) Interconnection in the United States over the period 2008–2018. We developed an empirical dynamic panel data model using the system‐generalized method of moments (system‐GMM) estimation approach. The model accounts for the impact of past and current technical, market and policy changes over time, forecasting errors, and business cycles by controlling for PJM jurisdictions‐level effects and year fixed effects. Using an instrumental variable to control for endogeneity, we concluded that natural gas does not crowd out renewables like solar PV in the PJM capacity market; however, we also found considerable heterogeneity. Such heterogeneity was displayed in the relationship between solar PV systems and electricity prices. More interestingly, we found no evidence suggesting any relationship between distributed solar PV development and nuclear, coal, hydro, or electricity consumption. In addition, considering policy effects of state renewable portfolio standards, net energy metering, differences in the PJM market structure, and other demand and cost‐related factors proved important in assessing their impacts on solar PV generation capacity, including energy storage as a non‐wire alternative policy technique. This article is categorized under: Photovoltaics > Economics and Policy Fossil Fuels > Climate and Environment Energy Systems Economics > Economics and Policy

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2021

Rubik’s Cube Topology Based Particle Swarm Algorithm for Bilevel Building Energy Transaction

Following the rapid growth of distributed energy resources (e.g. renewables, battery), localized peer-to-peer energy transactions are receiving more attention for multiple benefits, such as, reducing power loss, stabilizing the main power grid, etc. To promote distributed renewables locally, the local trading price is usually set to be within the external energy purchasing and selling price range. Consequently, building prosumers are motivated to trade energy through a local transaction center. This local energy transaction is modeled in bilevel optimization game. A selfish upper level agent is assumed with the privilege to set the internal energy transaction price with an objective of maximizing its arbitrage profit. Meanwhile, the building prosumers at the lower level will response to this transaction price and make decisions on electricity transaction amount. Therefore, this non-cooperative leader-follower trading game is seeking for equilibrium solutions on the energy transaction amount and prices. In addition, a uniform local transaction price structure (purchase price equals selling price) is considered here. Aiming at reducing the computational burden from classical Karush-Kuhn-Tucker (KKT) transformation and protecting the private information of each stakeholder (e.g., building), swarm intelligence based solution approach is employed for upper level agent to generate trading price and coordinate the transactive operations. On one hand, to decrease the chance of premature convergence in global-best topology, Rubiks Cube topology is proposed in this study based on further improvement of a two-dimensional square lattice model (i.e., one local-best topology-Von Neumann topology). Rotating operation of the cube is introduced to dynamically changing the neighborhood and enhancing information flow at the later searching state. Several groups of experiments are designed to evaluate the performance of proposed Rubiks Cube topology based particle swarm algorithm. The results have validated the effectiveness of proposed topology and operators comparing with global-best version PSO and Von Neumann topology based PSO and its scalability on larger scale applications.

Feng, Xiaochun↗
DOE OSTI2022

Improved Particle Swarm Algorithm Using Rubik’s Cube Topology for Bilevel Building Energy Transaction

Following the rapid growth of distributed energy resources (e.g., renewables, battery), localized peer-to-peer energy transactions are receiving more attention for multiple benefits, such as reducing power loss and stabilizing the main power grid. To promote distributed renewables locally, the local trading price is usually set to be within the external energy purchasing and selling price range. Consequently, building prosumers are motivated to trade energy through a local transaction center. This local energy transaction is modeled in bilevel optimization game. A selfish upper level agent is assumed with the privilege to set the internal energy transaction price with an objective of maximizing its arbitrage profit. Meanwhile, the building prosumers at the lower level will response to this transaction price and make decisions on electricity transaction amount. Therefore, this non-cooperative leader-follower trading game is seeking for equilibrium solutions on the energy transaction amount and prices. Additionally, a uniform local transaction price structure (purchase price equals selling price) is considered here. Aiming at reducing the computational burden from classical Karush–Kuhn–Tucker (KKT) transformation and protecting the private information of each stakeholder (e.g., building), swarm intelligence-based solution approach is employed for upper level agent to generate trading price and coordinate the transactive operations. On one hand, to decrease the chance of premature convergence in global-best topology, Rubik’s Cube topology is proposed in this study based on further improvement of a two-dimensional square lattice model (i.e., one local-best topology-Von Neumann topology). Rotating operation of the cube is introduced to dynamically changing the neighborhood and enhancing information flow at the later searching state. Several groups of experiments are designed to evaluate the performance of proposed Rubik’s Cube topology-based particle swarm algorithm. The results have validated the effectiveness of proposed topology and operators comparing with global-best version PSO and Von Neumann topology-based PSO and its scalability on larger scale applications.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2020

Supporting Bioproducts Industry Growth with a System Dynamics Decision-Support Tool

A bio-based economy requires chemical products as well as fuels to be produced from biomass. Although a variety of universities, government agencies, start-ups and established firms have engaged in bioproduct development, many projects have failed to reach the point of commercialization and commercialized bioproducts struggle to capture and maintain market share. To date, there has been no general research into the factors that contribute to bioproduct failure or success. This work presents the Bioproduct Transition Dynamics (BTD) system dynamics model, a decision-support tool that simulates the bioproduct development process from pre-piloting research through construction of the first commercial-scale plant, as well as the processes of obtaining funding from investors and government agencies. The core of the BTD is a feedback loop between bioproduct developers and funders, which relates development progress measured with indicators such as net present value to funders’ decisions to continue investing. External factors such as feedstock prices, market size and growth, and the existence of bioproduct consumers also influence a development project’s chances of receiving follow-on funding. Virtually any bioproduct can be represented with the BTD: direct replacements, performance-advantaged products, niche and commodity markets can all be modeled. The goal of the BTD project is to inform decisions made by developers in both established firms and start-ups, investors, government agencies, and other stakeholders interested in growing the nascent U.S. bioproducts industry. This talk will cover the general structure and functionality of the BTD, and present results from an analysis performed with the BTD to demonstrate its use as a decision-support tool and the insights it can provide. The goal of the analysis is to identify the most critical factors that lead to direct replacement and performance-advantaged bioproduct projects emerging successfully from the “Valley of Death”, and to determine if these factors differ between the two bioproduct types.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2023

Marine Alternative Fuel Pricing, Supply, and Demand

The International Maritime Organization low sulfur fuel rules and greenhouse gas-reduction strategy may create a significant perturbation to global refinery operations, impacting volumes and prices of marine fuel globally and within the United States and incentivizing the transition to alternative fuel use. The goals of this project are to (1) enhance understanding of how very low-sulfur fuel-primarily fuel oil and diesel-and low carbon fuel requirements and promising biofuel processes will affect the marine fuel supply chain; and (2) explore how these perturbations interact with and impact indicators such as pricing, number of trips, and demand behavior, along with the potential to meet low sulfur and carbon fuel demand with biofuel supply chains, (3) merge innovative thinking in the area of marine fuels within research centers of DOE (NREL) and the U.S. Department of Transportation (Volpe). These goals will be accomplished through the combination of detailed refinery, marine fuel burn, system dynamics, and geospatially explicit linear programming models.

biofuel↗
DOE OSTI2022

Characterizing the Payback and Profitability for Automated Heavy Duty Vehicle Platooning

Heavy duty vehicle platooning under highway operating conditions has been projected to provide significant fuel economy gains based on aerodynamic drag improvements of the platooning vehicles. Realizing these benefits and the economic viability under real-world operating conditions presents several challenges. The objective of this paper (the third as part of a series) is to analytically quantify the payback and profitability of heavy-duty vehicles platooning across the U.S. Interstate highway system. In this paper, a rigorous assessment of several factors that influence the platooning system payback for an end-user as well as the revenue potential for suppliers who may be utilizing an equipment lease model dependent on end-user savings, is presented. In this assessment key interactions explored include market adoption rates, platooning velocities, platoon-able daily mileage, platooning likelihood, variations in baseline powertrain fuel economy (diesel or electric), price of fuel (diesel or electricity), platooning fuel economy benefits, price of the added technology, and the impact of natural platooning due to traffic interactions. Further, the paper explores the economic impact of higher levels of vehicle automation for the trailing vehicles in the platoon, where extending the driver Hours of Service (HoS) may provide additional financial benefits. While the approach makes use of a limited fidelity vehicle analytical model for longitudinal dynamics and operations economics, the narrative provides application decision personnel with a mechanism and well-defined set of impact factors to consider as part of their architectural selection process.

33 ADVANCED PROPULSION SYSTEMS↗
DOE OSTI2020

Spectroscopic signatures of next-nearest-neighbor hopping in the charge and spin dynamics of doped one-dimensional antiferromagnets

In this work, we study the impact of next-nearest-neighbor (nnn) hopping on the low-energy collective excitations of strongly correlated doped antiferromagnetic cuprate spin chains. Specifically, we use exact diagonalization and the density matrix renormalization group method to study the single-particle spectral function, the dynamical spin and charge structure factors, and the Cu L-edge resonant inelastic x-ray scattering (RIXS) intensity of the doped t-t'-J model for a set of t' values. We find evidence for the breakdown of spin-charge separation as |t'| increases and identify its fingerprints in the dynamical response functions. The inclusion of nnn hopping couples the spinon and holon excitations, resulting in the formation of a spin-polaron, where a ferromagnetic spin polarization cloud dresses the doped carrier. The spin-polaron manifests itself as additional spectral weight in the dynamical correlation functions, which appear simultaneously in the spin- and charge-sensitive channels. We also demonstrate that RIXS can provide a unique view of the spin-polaron, due to its sensitivity to both the spin and charge degrees of freedom.

1D spin chains↗
DOE OSTI2020

Variations in the Width, Density, and Direction of the Palomar 5 Tidal Tails

Stars that escape globular clusters form tidal tails that are predominantly shaped by the global distribution of mass in the Galaxy, but also preserve a historical record of small-scale perturbations. Using deep grz photometry from DECaLS, we present highly probable members of the tidal tails associated with the evaporating globular cluster Palomar 5. These data yield the cleanest view of a stellar stream beyond ≈20 kpc and reveal: (1) a wide, low surface-brightness extension of the leading tail; (2) significant density variations along the stream; and (3) sharp changes in the direction of both the leading and the trailing tail. In the fiducial Milky Way model, a rotating bar perturbs the Palomar 5 tails and can produce streams with similar width and density profiles to those observed. However, the deviations of the stream track in this simple model do not match those observed in the Palomar 5 trailing tail, indicating the need for an additional source of perturbation. These discoveries open up the possibility of measuring the population of perturbers in the Milky Way, including dark-matter subhalos, with an ensemble of stellar streams and deep photometry alone.

79 ASTRONOMY AND ASTROPHYSICS↗
DOE OSTI2024

Technoeconomic analysis of perovskite/silicon tandem solar modules

Tandem photovoltaic (PV) modules offer an opportunity to improve the efficiency and energy yield of available solar resources compared with single-junction devices. Here, we present a cost model and sensitivity analysis of perovskite/silicon (Si) tandem modules to understand how design choices impact overall module costs. We find a minimum sustainable price (MSP) of $\$$0.428/W DC for our baseline two-terminal design and $\$$0.423/W DC for our baseline four-terminal design, each at a module efficiency of 25% and module production of 3 GW per year in the United States. We find that the choice of Si cell architecture, overall module efficiency, and factory throughput have the most significant impacts on cost and competitiveness. The dynamic model provided is designed for researchers, companies, and interested individuals to use and edit as needed to better understand the trade-offs among PV module technologies and enable targeted research to improve module design and fabrication.

14 SOLAR ENERGY↗
DOE OSTI2021

Behind the Meter Solar+Storage: Market data and trends [Slides]

As the distributed solar market evolves toward more dynamic forms of deployment, interest in paired solar-plus-storage applications continues to gain steam, but details on the current state of the market are relatively sparse. To fill that void, Berkeley Lab has released an in-depth analysis of this budding market segment. This report draws on the Lab’s Tracking the Sun dataset to characterize trends in deployment, system sizing and equipment selection, installer-market development, and system pricing. The report also provides indicative analyses of the financial and resilience value that host customers in several key markets presently receive by pairing storage with solar.

14 SOLAR ENERGY↗
DOE OSTI2022

Understanding the Behavioral Aspects of Rate Design

Consumer demand for electricity has often been thought of as homogenous and inelastic. However, consumers may have preferences for their electricity consumption that they have been unable to realize due to the structures of electricity rates, and historic methods of regulation. As ratemaking becomes more dynamic, consumers will have a newfound ability to realize these preferences. This paper conducts a review of this issue through the lenses of utility regulation, neoclassical economics, and behavioral economics. It surveys what aspects of consumer preferences and behavior have been well established for the electricity sector and identifies gaps that could be filled by future research. This analysis has implications for stakeholders looking to understand how households will function in transactive and real time pricing environments.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2026

Pathways of bio-jet adoption in the US aviation industry with implications for the overall transportation and energy sectors: an integrated, multi-sectoral analysis of future scenarios

Bio-jet adoption has emerged as an attractive option to complement and supplement the use of refined fossil liquid fuels in the aviation industry in the US. However, there are significant uncertainties surrounding the costs of bio-jet including but not limited to costs of feedstock, transformation costs and the competition with co-products of bio-jet that may be demanded elsewhere in the transportation or energy sectors. This study models alternative trajectories of bio-jet adoption in the US aviation industry by 2050 through the use of a global integrated multi sector dynamics model. Three bio-jet production and consumption pathways are presented- soybean oil to jet, corn ethanol to jet (ETJ) and Fisher–Tropsch-based bio-jet, with each pathway explicitly considering the co-production of renewable diesel and renewable gasoline alongside the bio-jet. Without explicit actions or technology changes to offset the technology cost of bio-jet, scenarios where bio-jet displaces refined liquids result in higher aviation fuel prices (ranging from a 25% increase to 120% increase by mid-century) and lower demand (ranging from −14% to −43%). Corn ethanol will play an important role in the US if large scale amounts of bio-jet are to be produced with smaller effects on demand and prices. While scenarios with high levels of bio-jet availability without the availability of ETJ in the US can significantly reduce emissions in the aviation sector, these reductions are achieved more through the reduction in overall aviation fuel demand rather than technology adoption.

09 BIOMASS FUELS↗
DOE OSTI2021

cerf: A Python package to evaluate the feasibility and costs of power plant siting for alternative futures

Long-term electric power sector planning and capacity expansion is a key area of interest to stakeholders across a wide range of organizations because it helps in making informed decisions about investments in infrastructure within the context of potential future vulnerabilities under various natural and human stressors. Future power plant siting costs will depend on a number of factors including the characteristics of the electricity capacity expansion and electricity demand (e.g., fuel mix of future electric power capacity, and the magnitude and geographic distribution of electricity demand growth) as well as the geographic location of power plants. Electricity technology capacity expansion plans modeled to represent alternate future conditions meeting a set of scenario assumptions are traditionally compared against historical trends which may not be consistent with current and future conditions. We present the `cerf` Python package (a.k.a., the Capacity Expansion Regional Feasibility model) which helps evaluate the feasibility and structure of future, scenario-driven electricity capacity expansion plans by siting power plants in areas that have been deemed the least cost option while considering dynamic future conditions. We can use `cerf` to gain insight to research topics such as: 1) under what conditions future projected electricity expansion plans from models such as GCAM-USA are possible to achieve, 2) where and which on-the-ground barriers to siting (e.g., protected areas, cooling water availability) may influence our ability to achieve certain expansions, and 3) how electricity infrastructure build-outs and value may evolve into the future when considering locational marginal pricing (LMP) based on the supply and demand of electricity from a grid operations model.

20 FOSSIL-FUELED POWER PLANTS↗