Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “energy finance”

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 235 records · Page 13

Validation of wind resource and energy production simulations for small wind turbines in the United States

Abstract. Due to financial and temporal limitations, the small wind community relies upon simplified wind speed models and energy production simulation tools to assess site suitability and produce energy generation expectations. While efficient and user-friendly, these models and tools are subject to errors that have been insufficiently quantified at small wind turbine heights. This study leverages observations from meteorological towers and sodars across the United States to validate wind speed estimates from the Wind Integration National Dataset (WIND) Toolkit, the European Centre for Medium-Range Weather Forecasts (ECMWF) Reanalysis v5 (ERA5), and the Modern-Era Retrospective Analysis for Research and Applications, version 2 (MERRA-2), revealing average biases within ±0.5 m s−1 at small wind hub heights. Observations from small wind turbines across the United States provide references for validating energy production estimates from the System Advisor Model (SAM), Wind Report, MyWindTurbine.com, and Global Wind Atlas 3 (GWA3), which are seen to overestimate actual annual capacity factors by 2.5, 4.2, 11.5, and 7.3 percentage points, respectively. In addition to quantifying the error metrics, this paper identifies sources of model and tool discrepancies, noting that interannual fluctuation in the wind resource, wind speed class, and loss assumptions produces more variability in estimates than different horizontal and vertical interpolation techniques. The results of this study provide small wind installers and owners with information about these challenges to consider when making performance estimates and thus possible adjustments accordingly. Looking to the future, recognizing these error metrics and sources of discrepancies provides model and tool researchers and developers with opportunities for product improvement that could positively impact small wind customer confidence and the ability to finance small wind projects.

17 WIND ENERGY↗

How To Determine and Verify Operations and Maintenance Savings in Energy Savings Performance Contracts

Operations and maintenance (O&M) savings frequently occur in energy savings performance contracts (ESPCs). During FY 2022, 37% of reported annual cost savings for projects awarded under the U.S. Department of Energy (DOE) ESPC indefinite delivery indefinite quantity (IDIQ) contracts and in the performance period were due to O&M or other energy- and/or water-related cost savings, with the balance (63%) from utility cost savings (i.e., energy or water cost savings). Sometimes the energy- and water-related cost savings are acknowledged and included in payments within ESPCs; other times, for various reasons, they are not. As presented in this guide, FEMP recommends including energy- and water-related cost savings that are O&M (including related repair and replacement) savings in the financial aspects of an ESPC, to the extent such savings can be documented. Inclusion of these savings will help augment project scopes and/or lower interest costs (by shortening financing terms). However, there is a burden of proof as to what constitutes acceptability in O&M savings that needs to be carefully considered and documented in individual projects. Beyond promoting a key tenet used in U.S. federal performance contracting—that savings must be from actual budgets and therefore based on the level of O&M that is actually occurring, not what should have been performed—FEMP also recommends good practice in establishing and documenting O&M baselines, formulating the rationale for baseline adjustments during the performance period, and conducting ongoing verification activities. This document concludes with five examples of how O&M savings may be handled, in situations ranging from the partial displacement of O&M contracts to consolidation and “virtualization” of servers in data centers. A key theme that permeates this guide is the importance of thoroughly documenting all conditions and assumptions used in the development of and accounting for O&M costs and savings throughout the ESPC life cycle, from baseline-setting to measurement and verification (M&V) of the savings during each year of the performance period. Doing so not only prevents internal claims of non-performance (especially in the case of staff turnover during the contract term), but also simplifies ordering agency and energy service company (ESCO) response in the event of scrutiny from oversight organizations, such as government audits. While this guide focuses on federal ESPCs, it may also be applicable when O&M savings are included in utility energy service contracts (UESCs) and non-federal ESPCs.

Voss, Phil↗

GEOPHIRES Simulations for Deep Direct Use (DDU) Projects

This folder contains the GEOPHIRES codes and input files for running the base case scenarios for the six deep direct-use (DDU) projects. The six DDU projects took place during 2017-2020 and were funded by the U.S. Department of Energy Geothermal Technologies Office. They investigated the potential of geothermal deep direct-use at six locations across the country. The projects were conducted by Cornell University, West Virginia University (WVU), University of Illinois (U of IL), Sandia National Laboratory (SNL), Portland State University (PSU), and National Renewable Energy Laboratory (NREL). Four projects (Cornell, WVU, U of IL, SNL) investigated geothermal for direct heating of a local campus or community, the project by PSU considered seasonal subsurface storage of solar heating, and the NREL project investigated geothermal heating for turbine inlet cooling using absorption chillers. To allow comparison of techno-economic results across the six DDU projects, GEOPHIRES simulations were set up and conducted for each project. The GEOPHIRES code was modified for each project to simulate the local application and incorporate project-specific assumptions and results such as reservoir production temperature or financing conditions. The base case input file is included which simulates the base case conditions assumed by each project team. The levelized cost of heat (LCOH) is calculated and matches the base case LCOH reported by the project teams.

15 GEOTHERMAL ENERGY↗

The impact of policies and business models on income equity in rooftop solar adoption

Low- and moderate-income (LMI) households are less likely to adopt rooftop solar photovoltaics (PVs) than higher-income households in the United States. As the existing literature has shown, this dynamic can decelerate rooftop PV deployment and has potential energy justice implications, in light of the cost-shifting between PV and non-PV households that can occur under typical rate structures and incentive programmes. Here we show that some state policy interventions and business models have expanded PV adoption among LMI households. Additionally, we find evidence that LMI-specific financial incentives, PV leasing and property-assessed financing have increased the diffusion of PV adoption among LMI households in existing markets and have driven more installations into previously underserved low-income communities. By shifting deployment patterns, we posit that these interventions could catalyse peer effects to increase PV adoption in low-income communities even among households that do not directly benefit from the interventions.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Innovative Pathways: Transforming Impact Investments to Working Capital For Early Stage Cleantech Companies: Los Angeles Cleantech Incubator (January 1, 2020 to March 31, 2020)

Project Objectives: The focus for the entirety of the last quarter was on the completion of the pilot loan funding within our portfolio, and the closing out of our DOE-CAP Grant: “Innovative Pathways: Transforming Impact Investments to Working Capital for Early Stage Cleantech Companies.” The fourteenth quarter (Q14) of the program performance was also dedicated toward two main activities: the continued fundraising efforts for a formalized LACI debt fund, as well as finalization of the lending processes for pilot underwriting amongst the LACI Team and with Mission Driven Finance. This quarter marked key successes around the workflows of the DOE-CAP grant, specifically around fund capitalization efforts. Activities during the thirteenth quarter included: 1. Finalization of the DOE-CAP grant activities and work-flows; 2. Due diligence, underwriting and issuance of one (1) loan in Q1 2021 and three (3) in Q4 2020 for technology providers in grant-funded zero emissions mobility & community pilots, in partnership with LACI and local organizations, totaling ten (10) total loans; 3. Development of fundraising and marketing materials, and distribution to 30+ possible funding sources over the course of Q13 & Q14; and 4. Reinvigoration of conversations with Mission Driven Finance, the prospective underwriting partner for key activities and governance documents, and finalization of all loan processing activities once the fund is capitalized

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

CSP Plant Construction, Start-Up, and O&M Best Practices Study

There are currently 90 operational CSP plants of 10 MW or larger located throughout the world, primarily in Spain, U.S., MENA region, South Africa, and China. In 2018, the U.S. Department of Energy (DOE) funded Solar Dynamics, under subcontract to NREL, to investigate and document lessons learned and best practices associated with the construction, start-up, and operations phases of a majority of these plants. DOE funding for the effort was leveraged by additional funds provided through SolarPACES and the World Bank. This information was obtained by interviewing key stakeholders representing CSP plant owners, operators, construction companies, vendors, technical advisors and financers of these systems, and will be published as an NREL Technical Report at the completion of the project. This paper provides an overview of key challenges facing today's CSP parabolic trough and power tower technologies during all the phases mentioned above.

41 EE - Solar Energy Technologies Office (EE-4S)↗

Geolocated dataset of Chinese overseas development finance

China is now the world's largest source of bilateral development finance and will likely continue to play a prominent role in sovereign lending through its multi-billion-dollar Belt and Road Initiative. This paper introduces major methodological enhancements in tracking this finance: the use of an original application programming interface (API) to gathers news in multiple languages; double verification of every record to ensure every finance commitment has been formalized; and visual geo-location to trace the precise footprint of every project. The resulting dataset enables economic, environmental, and social analyses with high-precision spatial accuracy, as well as spatiotemporal monitoring by project stakeholders and enhanced planning by project managers. It covers the years 2008-2019 to enable analysis before and after the announcement of the Belt and Road Initiative. It includes 862 finance commitments, 669 of which have geographic location, to 94 countries across the world.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Clean Grid Vision: A U.S. Perspective - Chapter 4. Demand-Side Development

This chapter focuses on recent developments on the demand side of the electricity system in the United States and beyond. After decades of slow-moving change in power system technology, business models, regulatory structures, and even financing schemes, changes on the demand side are accelerating rapidly. These changes are also more tightly linking the supply side with the demand side. This chapter provides high-level summaries of traditional subjects like demand-side management, which includes energy efficiency and demand response, and then transition to a subject that has gathered increasing attention as the most dynamic change likely to impact power systems in the coming decades: beneficial electrification. In each case, we attempt to address the impacts on system flexibility to the degree possible. These demand-side subjects are widely considered essential elements of a clean grid strategy.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Market assessment of photovoltaic power systems for agricultural applications in the Philippines

The market potential in the Philippines for stand alone photovoltaic (P/V) systems in agriculture was assessed. Applications include: irrigation, postharvest operation, food and fiber processing and storage, and livestock and fisheries operations. Power and energy use profiles for many applications as well as assessments of business, government and financial climate for P/V sales are described. Many characteristics of the Philippine agriculture and energy sector favorably influence the use of P/V systems. However, serious and significant barriers prevent achieving the technically feasible, cost competitive market for P/V systems in the agricultural sector. The reason for the small market is the limited availability capital for financing P/V systems. It is suggested that innovative financing schemes and promotional campaigns should be devised.

Cabraal, R. A.↗

Foundational Open Source Solar System Modeling Through Improvement and Validation of the System Advisor Model and PVWatts (FY19-FY21 Final Technical Report)

Accelerating intelligent deployment of solar energy technologies demands accurate system modeling every step of the way. From project development to policy research, grid integration studies to development of novel technologies, industry and researchers alike need validated, transparent, easy-to-use, extensible, cutting-edge, and accurate models of both the performance and financing of solar systems. The System Advisor Model (SAM) and PVWatts tools provide a platform to fill that need. The overarching goal of this set of software tools is to enable accurate PV system modeling across the industry, and our usage metrics indicate that we continue to succeed in that endeavor, with a user starting SAM every 2 minutes globally, and over 17 million PVWatts hits per month. This project leveraged DOEs past investment in the SAM and PVWatts platforms to continue to provide valuable and extensible PV, battery, and financial modeling resources to the larger solar community. We pursued multiple avenues in parallel: software maintenance and technical support that are foundational to the continued usability of the SAM and PVWatts platforms; platform and PV model improvements and stakeholder engagement activities that are core to the continued relevance of the platforms; and open source activities to foster the continued creation of a vibrant open-source community around the SAM and PVWatts tools, which opens up exciting new opportunities for industry interaction.

14 SOLAR ENERGY↗

Southeast Regional CO 2 Utilization and Storage Acceleration Partnership (SECARB-USA): Needs Assessment Framework for Storage Complexes Contributed to EDX (Work Product 2.1.c)

On September 30, 2021, a Needs Assessment Framework for Storage Complexes was completed for the SECARB-USA region by the Southern States Energy Board (SSEB) and The University of Texas at Austin Bureau of Economic Geology (UT-BEG). The Needs Assessment Framework for Storage Complexes documented a region-wide assessment to identify data needed to advance storage projects at sites of relevance to industrial, academic, and government stakeholders. The region-wide assessment addresses the needs of CO2 source, storage, and utilization stakeholders, finance and insurance institutions, state and local government agencies, local stakeholders at prospective storage complexes, environmental non-governmental organizations (NGOs), and others as identified by the Partners. This assessment was tested against various potential storage sites and modified to include site-specific issues, such as surface or pore space rights. The framework was provided to stakeholders for review and then used in other tasks, such as the ML initiative (Subtask 3.4) and storage complex readiness evaluation (Subtask 4.2). In accordance with the SOPO, this assessment satisfied completion of Work Product 2.1.b. The OSTI ID is 3015803, and the DOI link is https://doi.org/10.2172/3015803. On February 28, 2022, SSEB uploaded Work Product 2.1.b to NETL’s Energy Data eXchange (EDX). As such, Work Product 2.1.c is completed as documented below.

42 ENGINEERING↗

Techno-Economic Comparison of Molten-Salt Electrolysis and Carbothermic Reduction for the Production of Metallurgical-Grade Silicon

Metallurgical-grade silicon (MG-Si) is an important source material for many industrial applications, including the manufacture of alloys, solar photovoltaics, and electronics. The process to refine raw materials into MG-Si is energy-intensive, with the predominant method of submerged-arc furnaces requiring energy consumption of approximately 11–13 kWh/kg Si. Recent research has discussed promising methods for reducing the energy required for the silicon production process, including the use of molten-salt electrolysis (MSE), a technique that offers potential savings in energy consumption without requiring carbon inputs for the process. This paper presents a techno-economic study of a potential industrial-scale MSE plant for MG-Si production to evaluate the trade-offs between capital and operating costs of the system. Capital costs are sourced from recent MG-Si plants and an existing cost model developed for MSE processes that includes the size of the plant and the operating temperature among its inputs. The results show that MSE technology has the potential to be an economically cost-competitive option for MG-Si production if the technology successfully scales to industrial production and matures enough to allow for financing costs similar to that of a comparably sized submerged-arc furnace plant.

14 SOLAR ENERGY↗

Tools And Methods to Analyze Plant Outage Schedule and Assist Schedulers in Improving Outage Resilience

Refueling outages of nuclear power plants (NPPs) are considered one of the most critical phases throughout the plant lifetime. In such instances, tens of thousands of activities (e.g., maintenance, surveillance) are performed in a short amount of time (typically 2-3 weeks unless major backfitting or modernization projects are carried out) by a large number of crews (e.g., electricians, mechanics) that are hired as contractors. As a consequence, a plant outage can be expensive not only in terms of costs (e.g., contractor labor, material), but also in terms of loss generation since the plant is taken off the grid during the full outage duration (an indicative metric is about 1.2M$/day of loss of revenue). Thus, there is a continuous need to decrease the economic impact of outages on plant finances. This can be done by: decreasing the frequency of plant outages (e.g., from 18 to 24 months), reducing the time to complete the outage, and reducing the risk of outage delays. The Optimization of Outage Activities project under the Risk Informed Systems Analysis Pathway (RISA) sponsored by Department of Energy (DOE) Light Water Reactor Sustainability (LWRS) Program focuses on developing tools and methods to support NPPs with outage schedule optimization. The developed tools and methods are designed to analyze plant outage schedule with the goal of identify critical elements in the schedule that might pose a high risk of delays. These methods and tools can be considered resource-centric in the sense that they address outage challenges as a resource optimization problem. In this context, resources are either time and crews; outage delays occurs when either (or both) resources are insufficient to complete the set of tasks assigned at a specific time instant of the outage. This report provides details on how plant resources (time and crews) can be allocated in such a way that delays are minimized. In this respect, two classes of methods have been developed: the first one focuses on the time resource and how variability of the time to complete outage tasks may impact outage delays. The second one integrates available resources to assess when dailies activities should be performed such that the risk of outage delays are minimized.

97 MATHEMATICS AND COMPUTING↗

Challenges in the post-licensing stage of U.S. hydropower development: Current status and some potential solutions

The issuance of a Federal Energy Regulatory Commission (FERC) license is an important milestone in the development process of new U.S. hydropower projects. The complexity and uncertain timeline of the licensing process have been often cited as a key deterrent to new hydropower installations in the United States. However, very little attention has been paid to post-licensing timelines and attrition rates. This article explores the challenges faced by developers in bringing their FERC-licensed hydropower projects to the construction stage. Post-licensing activities to be completed before starting construction include obtaining additional permitting from other federal or state agencies, completing the technical design, securing financing, and in most cases, negotiating a power purchase agreement. For the set of projects that obtained a FERC license between 2007 and 2018, we assembled a dataset—combining information from FERC dockets and responses from a questionnaire to developers—to calculate attrition rates and development timelines and to examine the reasons for delays and cancellations.

13 HYDRO ENERGY↗

Benchmarking Utility-Scale PV Operational Expenses and Project Lifetimes: Results from a Survey of U.S. Solar Industry Professionals

This paper draws on a survey of solar industry professionals and other sources to clarify trends in the expected useful life and operational expenditure (OpEx) of utility-scale photovoltaic (PV) plants in the United States. Solar project developers, sponsors, long-term owners, and consultants have increased project-life assumptions over time, from an average of ~21.5 years in 2007 to ~32.5 years in 2019. Current assumptions range from 25 years to more than 35 years depending on the organization; 17 out of 19 organizations surveyed or reviewed use 30 years or more. Levelized, lifetime OpEx estimates have declined from an average of ~$\$$35/kW DC -yr for projects built in 2007 to an average of ~$\$$17/kW DC -yr in 2019. Across 13 sources, the range in average lifetime OpEx for projects built in 2019 is broad, from $\$$13 to $\$$25/kW DC -yr. Operations and maintenance (O&M) costs—one component of OpEx—have declined precipitously in recent years, to $\$$5-8/kW DC -yr in many cases. Property taxes and land lease costs are highly variable across sites, but on average are—together—of similar magnitude. Other OpEx line items include security, insurance, and asset management. Given 2007-2009 values for not only project life and OpEx but also other drivers of the levelized cost of energy (LCOE, excluding the investment tax credit), the LCOE for utility-scale PV projects built from 2007 through 2009 averaged $\$$305 /MWh. Using 2019 values for all parameters yields an average LCOE of $\$$51 /MWh. The decline in LCOE from $\$$305 /MWh to $\$$51 /MWh was predominantly caused by reductions in up-front expenditures (and, to a much lesser extent, by changes in capacity factors, financing costs, and tax rates), but 9% ($\$$22 /MWh) of the overall decline is due to improvements in project life and OpEx. Project life extensions and OpEx reductions have had similarly sized impacts on LCOE over this period, at $\$$11 /MWh each. Had project life and OpEx not improved over the last decade, LCOE in 2019 would have instead been $\$$73 /MWh—43% higher. Given the limited quantity and comparability of previously available data on these cost drivers, the data and trends presented here may inform assumptions used by electric system planners, modelers, and analysts. The results may also provide useful benchmarks to the solar industry, helping developers and assets owners compare their expectations for project life and OpEx with those of their peers.

14 SOLAR ENERGY↗

Can Radiation Therapy Quality Assurance Improve Nasopharyngeal Cancer Outcomes in Low- and Middle-Income Countries: Reporting the First Phase of a Prospective International Atomic Energy Agency Study

Most new nasopharyngeal cancer cases occur in low-income and middle-income countries, and these patients experience poorer overall survival than that of new nasopharyngeal cancer cases in high-income countries. The goal of this research project is to determine whether the introduction of a radiation therapy quality assurance program can ultimately improve outcomes for nasopharyngeal cancer patients in lower-income and middle-income countries. This study reports the results of the first phase of the International Atomic Energy Agency Coordinated Research Project (325-E3-TM-47712).

62 RADIOLOGY AND NUCLEAR MEDICINE↗

Supercritical Carbon Dioxide Primary Power Large-Scale Pilot Plant

The United States electrical power generation fleet encompasses a wide range of technologies, ranging from traditional combustion-based power generation, to nuclear power, to renewable energy. While the distribution of these assets continues to shift due to economic and regulatory influences, coal combustion continues to be a key part of the US energy portfolio. Despite the relative maturity of coal combustion technology, improvements in overall fuel-to-power efficiency and generation flexibility are still possible and will improve both the economic and environmental factors of coal combustion. Echogen Power Systems proposes to lead a world-class team including the University of Missouri, Electric Power Research Institute and Louis Perry Associates in the design, construction and operation of a 10MWe coal-fired supercritical carbon dioxide (sCO 2 ) large-scale pilot. This transformational technology uses sCO 2 as a working fluid instead of water to achieve high thermodynamic efficiencies that can significantly exceed advanced steam-Rankine cycles. Further, the compact nature of sCO 2 turbomachinery offers capital cost and footprint advantages, and the low maintenance of a water-free power cycle can significantly reduce operation and maintenance (O&M) costs over conventional steam-Rankine systems. Recent integration studies of sCO 2 with coal combustion power plants highlight the significant improvements in plant efficiency that sCO 2 can offer relative to even advanced steam Rankine cycles. At commercial scales, coal-sCO 2 plant net efficiency is predicted to be 39-44.0% (HHV), or 10-20% higher output than conventional steam-Rankine systems, which will significantly improve the competitiveness of coal-fired generation. This proposal builds upon projects previously funded by the Department of Energy, including DE-FE0025959 (High-Efficiency Thermal Integration of Closed Supercritical CO 2 Brayton Power Cycles with Oxy-Fired Heaters) and DE-NE0008470 (Conceptual Design for sCO 2 Power Cycle Test Facility). An appropriately-scaled and properly designed and operated pilot project is essential to overcome the natural risk-aversion of the power generation industry and project financing community. The 10 MWe coal-fired sCO 2 pilot power plant proposed herein will reduce the technical and economic risk of this transformational technology, enabling commercial deployment at the conclusion of the project. For the second phase of this project, Echogen lead a team that completed and refined the pilot system conceptual system and key component designs resulting in the completion of a front-end-engineering-design (FEED) study, completed the NEPA review process, completed the permitting process for construction and operation, refined the techno-economic analysis of the proposed system at commercial scale and received commitments for Phase III cost share. The end result of the program will be to demonstrate the technical and economic superiority of the sCO 2 power cycle for coal-fired operation. Major risk elements will have been retired with sufficient operation at high power to enable the power generation industry to move forward with the first commercial deployment of this transformational system.

01 COAL, LIGNITE, AND PEAT↗

Community Solar Consolidated Billing: An Exploration of Implementation and Alternatives

The report presents an analysis of the considerations, costs, and benefits surrounding the implementation of utility consolidated billing in community solar programs while also exploring alternatives to achieve similar benefits in its absence. Consolidated billing simplifies the billing process for customers by combining all charges and credits associated with electricity service and community solar subscriptions into a single bill. The potential benefits of consolidated billing implementation include increased transparency, improved customer experience, and ultimately increased retention rates and decreased subscriber acquisition costs. Currently, community solar subscribers often receive two separate bills - one from the utility and one from a third-party community solar provider - potentially causing confusion. Consolidated billing seeks to resolve this by offering a unified bill, which, while beneficial to numerous stakeholders, presents administrative, technical, and financial hurdles that utilities and program administrators must address.

14 SOLAR ENERGY↗