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At least 271 records · Page 15

Economics of hydrogen production and liquefaction updated to 1980

Revised costs for generating and liquefying hydrogen in mid-1980 are presented. Plant investments were treated as straight-forward escalations resulting from inflation. Operating costs, however, were derived in terms of the unit cost of coal, fuel gas and electrical energy to permit the determination of the influence of these parameters on the cost of liquid hydrogen. Inflationary influence was recognized by requiring a 15% discounted rate of return on investment for Discounted Cash Flow financing analysis, up from 12% previously. Utility financing was revised to require an 11% interest rate on debt. The scope of operation of the hydrogen plant was revised from previous studies to include only the hydrogen generation and liquefaction facilities. On-site fuel gas and power generation, originally a part of the plant complex, was eliminated. Fuel gas and power are now treated as purchased utilities. Costs for on-site generation of fuel gas however, are included.

Baker, C. R.↗

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.↗

Market assessment of photovoltaic power systems for agricultural applications in Morocco

Results of a month-long study in Morocco aimed at assessing the market potential for stand-alone photovoltaic systems in agriculture and rural service applications are presented. The following applications, requiring less than 15 kW of power, are described: irrigation, cattle watering, refrigeration, crop processing, potable water and educational TV. Telecommunications and transportation signalling applications, descriptions of power and energy use profiles, assessments of business environment, government and private sector attitudes towards photovoltaics, and financing were also considered. The Moroccan market presents both advantages and disadvantages for American PV manufacturers. The principle advantages of the Moroccan market are: a limited grid, interest in and present use of PV in communications applications, attractive investment incentives, and a stated policy favoring American investment. Disadvantages include: lack of government incentives for PV use, general unfamiliarity with PV technology, high first cost of PV, a well-established market network for diesel generators, and difficulty with financing. The market for PV in Morocco (1981-1986), will be relatively small, about 340 kwp. The market for PV is likely to be more favorable in telecommunications, transport signalling and some rural services. The primary market appears to be in the public (i.e., government) rather than private sector, due to financial constraints and the high price of PV relative to conventional power sector.

Steingass, H.↗

A proposal for risk sharing in the development of a lunar oxygen plant

The production of lunar oxygen for use in a NASA lunar outpost program could provide a profitable investment for nongovernment development, savings for government, and an initiation of a new resource of capital financing for space industrialization. A joint endeavor to share development risks between government and nongovernment investment is proposed, based on some early assessments of technical and financial feasibility for the project. Successful initial negotiations between government and nongovernment investors can establish the requirements for financing the project with private funds.

Duke, Michael B.↗

Fast Quantum Algorithm for Predicting Descriptive Statistics of Stochastic Processes

Stochastic processes are used as a modeling tool in several sub-fields of physics, biology, and finance. Analytic understanding of the long term behavior of such processes is only tractable for very simple types of stochastic processes such as Markovian processes. However, in real world applications more complex stochastic processes often arise. In physics, the complicating factor might be nonlinearities; in biology it might be memory effects; and in finance is might be the non-random intentional behavior of participants in a market. In the absence of analytic insight, one is forced to understand these more complex stochastic processes via numerical simulation techniques. In this paper we present a quantum algorithm for performing such simulations. In particular, we show how a quantum algorithm can predict arbitrary descriptive statistics (moments) of N-step stochastic processes in just O(square root of N) time. That is, the quantum complexity is the square root of the classical complexity for performing such simulations. This is a significant speedup in comparison to the current state of the art.

Williams Colin P.↗

Small Aircraft Transportation System (SATS): A Collaborative Effort Between Nebraska EPSCoR and NASA Langley Research Center

Implementing SATS in Nebraska will require a number of changes, both technical and administrative. SATS will require major improvements in the infrastructure of Nebraska airports. Improving airport infrastructure so that it can accommodate SATS is first and most obvious goal. A second goal is to make airports financially sustainable over the long term with limited federal assistance. A third goal, closely related to the second, is to link the implementation of SATS with anticipated local economic growth. This can leverage local funds without tax increases, enhance the equity of the finance approach, improve planning of facility size, and reduce long-term per unit cost. Many of these goals are national issues, and presumably federal policy will determine how these goals are addressed. This study examines several financing options and discusses their ease of application to Nebraska's airports.

Source record↗

Optimizing Air Transportation Service to Metroplex Airports: Analysis Using the Airline Schedule Optimization Model (ASOM) - Par 2

The air transportation system is a significant driver of the U.S. economy, providing safe, affordable, and rapid transportation. During the past three decades airspace and airport capacity has not grown in step with demand for air transportation; the failure to increase capacity at the same rate as the growth in demand results in unreliable service and systemic delay. This report describes the results of an analysis of airline strategic decision-making that affects geographic access, economic access, and airline finances, extending the analysis of these factors using historic data (from Part 1 of the report). The Airline Schedule Optimization Model (ASOM) was used to evaluate how exogenous factors (passenger demand, airline operating costs, and airport capacity limits) affect geographic access (markets-served, scheduled flights, aircraft size), economic access (airfares), airline finances (profit), and air transportation efficiency (aircraft size). This analysis captures the impact of the implementation of airport capacity limits, as well as the effect of increased hedged fuel prices, which serve as a proxy for increased costs per flight that might occur if auctions or congestion pricing are imposed; also incorporated are demand elasticity curves based on historical data that provide information about how passenger demand is affected by airfare changes.

Donoue, George↗

Development of a Ground Multi-Mission Low-Cost Optical Terminal (LCOT) for Free-Space Optical Communications

Once confined to the realm of laboratory experiments and theoretical papers, space-based laser communications (lasercomm) are on the verge of achieving mainstream status. Organizations from Facebook to NASA, and missions from cubesats to Orion are employing lasercomm to achieve gigabit communication speeds at mass and power requirements lower than that of traditional radio frequency (RF) methods. Since first demonstrating free-space optical communications services with Lunar Laser Communications Demonstration (LLCD) in 2013, NASA has invested in developing optical communications technologies and capabilities to enhancing its space communications networks. Along with evolving optical space terminals, NASA is also developing lasercomm grounds stations capable of meeting the rapidly increasing data volume demands of upcoming missions, from low-earth to lunar orbits and beyond and integrating these advanced capabilities into its Near-Space and Deep Space Networks. To meet this emerging need, the Low-Cost Optical Terminal (LCOT) project at NASA’s Goddard Space Flight Center (GSFC) is designing, building and validating a prototype for a flexible, multi-mission, and economical optical ground terminal that could be used as a blueprint for a global network of optical ground stations, capable of supporting a wide variety of missions. To date a major impediment to widespread adoption of laser communication has been the lack of an existing ground network infrastructure. A mission that wishes to take advantage of laser communication not only needs to invest in an optical space terminal, but it must also finance the creation of ground terminals to receive the downlink signal. This adds significant additional cost. Missions that do decide to incur the cost of financing a network of ground terminals end up building highly specialized optical receivers that are operable as receivers for that specific mission only. Significant Non-Recurring Engineering (NRE) cost is invested to build highly specialized one-of-a-kind ground terminals that go into storage after that particular mission is over. This is not an economical approach and does nothing to grow the number of optical ground stations available to future missions. In essence each mission that wants to take advantage of the benefits of lasercom has to start from scratch to provide a ground terminal network to support it. As long as this is the case, the cost for using laser communications will be too high for most missions to consider. LCOT intends to close this gap in technology by designing and developing a standard optical ground terminal design that is flexible enough to serve as a receiver for a wide range of future missions – a ground terminal that can be quickly reconfigured to receive downlinks at different wavelengths using different signal formats. Not only does LCOT have the industry-building objectives of utilizing commercial-off-the-shelf (COTS) components to the maximum extent possible, but also spurs the commercial development of other necessary lasercomm components not currently offered by industry. Finally, LCOT will give NASA scientists and engineers a facility where they can gain real-world experience with optical communications. It will give engineers a cost-effective way to try out new concepts and processes by providing the infrastructure for such testing. In this way it is hoped LCOT will serve as a stimulus for innovation in optical communications and speed its widespread adoption by future missions. The LCOT is comprised of five subsystems: Free-Space Optical, Transceiver, Amplifier, Monitor and Control, and Observatory Infrastructure. In August 2021, the LCOT team installed a 70 cm telescope, developed by Planewave Instruments that was optimized for optical communications. Free-Space Optical subsystem comprises of the telescope and its associated hardware, including a transmitter optical assembly, wide field cameras, two optical benches, and an adaptive optics subsystem. The transmit optical assembly, a unique concept design, is a cluster of four functionally independent transmit subassemblies located on the receive telescope. In addition to receiving optical signals and directing the expanded beam with high precision to the space terminal, it also performs tracking functions. The transmit optical assembly will support operations from Low Earth Orbit (LEO) through lunar and will be used as a template for industry manufacturing. The Optical Infrastructure subsystem is responsible for providing environmentally controlled shelters for LCOT equipment and various other systems. To maintain the safety and proper functionality of the telescope, a 16 ft Astrohaven clamshell dome procured which provides all-sky coverage without the need to rotate the dome. Additionally, Atmospheric Monitoring Assembly (AMA) will be part of optical infrastructure subsystem to ensure accurate performance of the LCOT. Like existing optical ground stations, LCOT will measure standard weather station parameters, infrared all sky image of cloud cover, and cloud height. LCOT, however, adds requirements for measuring night time seeing and, in the future, daytime seeing. Unlike other optical ground terminals, the LCOT is transceiver agnostic; user transceivers may be duplex transceivers, standalone receivers, or standalone transmitters with or without acquisition beacon functionality. As such, the LCOT project accommodates testing with external customer transceivers in a flexible manor, further complimenting its intended multi-mission goals. Another unique component of LCOT is the use of a new amplifier technology – the Very Large Mode Area (VLMA) amplifiers. This new technology allows LCOT to avoid the issues faced by previous laser communications ground terminals, gives users more flexibility and modular capability, and is capable of reaching an order of magnitude higher peak power than traditional High Power Optical Amplifiers (HPOA). One drawback of the VLMA HPOA approach is that the amplified light is output into free-space. The solution developed by LCOT is an optics train that couples the output of the VLMA amplifier into a short fiber for transport to the transmit telescopes with high efficiency. Like many of the LCOT components, a set of detailed manufacturing drawings have been created for the optics train to allow any machine shop with a multi-axis Computer Numerical Control (CNC) machine to fabricate the piece parts from commonly available materials. In line with the goals of LCOT, the monitor and control functions are developed as a modular and flexible system with the ability to support future hardware or algorithm changes, minimizing disruptions. A main priority of development in the Monitor and Control Subsystem (MCS) is the safety monitor system.

laser communication↗

Development of a Ground Multi-mission Low Cost Optical Terminal(LCOT) for Free-Space Optical Communication

Once confined to the realm of laboratory experiments and theoretical papers, space-based laser communications (lasercomm) are on the verge of achieving mainstream status. Organizations from Facebook to NASA, and missions from cubesats to Orion are employing lasercomm to achieve gigabit communication speeds at mass and power requirements lower than that of traditional radio frequency (RF) methods. Since first demonstrating free-space optical communications services with Lunar Laser Communications Demonstration (LLCD) in 2013, NASA has invested in developing optical communications technologies and capabilities to enhancing its space communications networks. Along with evolving optical space terminals, NASA is also developing lasercomm grounds stations capable of meeting the rapidly increasing data volume demands of upcoming missions, from low-earth to lunar orbits and beyond and integrating these advanced capabilities into its Near-Space and Deep Space Networks. To meet this emerging need, the Low-Cost Optical Terminal (LCOT) project at NASA’s Goddard Space Flight Center (GSFC) is designing, building and validating a prototype for a flexible, multi-mission, and economical optical ground terminal that could be used as a blueprint for a global network of optical ground stations, capable of supporting a wide variety of missions. To date a major impediment to widespread adoption of laser communication has been the lack of an existing ground network infrastructure. A mission that wishes to take advantage of laser communication not only needs to invest in an optical space terminal, but it must also finance the creation of ground terminals to receive the downlink signal. This adds significant additional cost. Missions that do decide to incur the cost of financing a network of ground terminals end up building highly specialized optical receivers that are operable as receivers for that specific mission only. Significant Non-Recurring Engineering (NRE) cost is invested to build highly specialized one-of-a-kind ground terminals that go into storage after that particular mission is over. This is not an economical approach and does nothing to grow the number of optical ground stations available to future missions. In essence each mission that wants to take advantage of the benefits of lasercom has to start from scratch to provide a ground terminal network to support it. As long as this is the case, the cost for using laser communications will be too high for most missions to consider. LCOT intends to close this gap in technology by designing and developing a standard optical ground terminal design that is flexible enough to serve as a receiver for a wide range of future missions – a ground terminal that can be quickly reconfigured to receive downlinks at different wavelengths using different signal formats. Not only does LCOT have the industry-building objectives of utilizing commercial-off-the-shelf (COTS) components to the maximum extent possible, but also spurs the commercial development of other necessary lasercomm components not currently offered by industry. Finally, LCOT will give NASA scientists and engineers a facility where they can gain real-world experience with optical communications. It will give engineers a cost-effective way to try out new concepts and processes by providing the infrastructure for such testing. In this way it is hoped LCOT will serve as a stimulus for innovation in optical communications and speed its widespread adoption by future missions. The LCOT is comprised of five subsystems: Free-Space Optical, Transceiver, Amplifier, Monitor and Control, and Observatory Infrastructure. In August 2021, the LCOT team installed a 70 cm telescope, developed by Planewave Instruments that was optimized for optical communications. Free-Space Optical subsystem comprises of the telescope and its associated hardware, including a transmitter optical assembly, wide field cameras, two optical benches, and an adaptive optics subsystem. The transmit optical assembly, a unique concept design, is a cluster of four functionally independent transmit subassemblies located on the receive telescope. In addition to receiving optical signals and directing the expanded beam with high precision to the space terminal, it also performs tracking functions. The transmit optical assembly will support operations from Low Earth Orbit (LEO) through lunar and will be used as a template for industry manufacturing. The Optical Infrastructure subsystem is responsible for providing environmentally controlled shelters for LCOT equipment and various other systems. To maintain the safety and proper functionality of the telescope, a 16 ft Astrohaven clamshell dome procured which provides all-sky coverage without the need to rotate the dome. Additionally, Atmospheric Monitoring Assembly (AMA) will be part of optical infrastructure subsystem to ensure accurate performance of the LCOT. Like existing optical ground stations, LCOT will measure standard weather station parameters, infrared all sky image of cloud cover, and cloud height. LCOT, however, adds requirements for measuring night time seeing and, in the future, daytime seeing. Unlike other optical ground terminals, the LCOT is transceiver agnostic; user transceivers may be duplex transceivers, standalone receivers, or standalone transmitters with or without acquisition beacon functionality. As such, the LCOT project accommodates testing with external customer transceivers in a flexible manor, further complimenting its intended multi-mission goals. Another unique component of LCOT is the use of a new amplifier technology – the Very Large Mode Area (VLMA) amplifiers. This new technology allows LCOT to avoid the issues faced by previous laser communications ground terminals, gives users more flexibility and modular capability, and is capable of reaching an order of magnitude higher peak power than traditional High Power Optical Amplifiers (HPOA). One drawback of the VLMA HPOA approach is that the amplified light is output into free-space. The solution developed by LCOT is an optics train that couples the output of the VLMA amplifier into a short fiber for transport to the transmit telescopes with high efficiency. Like many of the LCOT components, a set of detailed manufacturing drawings have been created for the optics train to allow any machine shop with a multi-axis Computer Numerical Control (CNC) machine to fabricate the piece parts from commonly available materials. In line with the goals of LCOT, the monitor and control functions are developed as a modular and flexible system with the ability to support future hardware or algorithm changes, minimizing disruptions. A main priority of development in the Monitor and Control Subsystem (MCS) is the safety monitor system.

Haleh Safavi↗

Distributed Wind Diffusion Model Overview (Presentation)

Distributed wind market demand is driven by current and future wind price and performance, along with several non-price market factors like financing terms, retail electricity rates and rate structures, future wind incentives, and others. We developed a new distributed wind technology diffusion model for the contiguous United States that combines hourly wind speed data at 200m resolution with high resolution electricity load data for various consumer segments (e.g., residential, commercial, industrial), electricity rates and rate structures for utility service territories, incentive data, and high resolution tree cover. The model first calculates the economics of distributed wind at high spatial resolution for each market segment, and then uses a Bass diffusion framework to estimate the evolution of market demand over time. The model provides a fundamental new tool for characterizing how distributed wind market potential could be impacted by a range of future conditions, such as electricity price escalations, improvements in wind generator performance and installed cost, and new financing structures. This paper describes model methodology and presents sample results for distributed wind market potential in the contiguous U.S. through 2050.

17 WIND ENERGY↗

Texas Clean Energy Project: Decision Point Application, Section 2: Topical Report - Phase 1, February 2010-October 2013

Summit Texas Clean Energy, LLC (STCE) is developing the Texas Clean Energy Project (TCEP or the Project) to be located near Penwell, Texas. The TCEP will include an Integrated Gasification Combined Cycle (IGCC) power plant with a nameplate capacity of 400 megawatts electric (MWe), combined with the production of urea fertilizer and the capture, utilization and storage of carbon dioxide (CO 2 ) sold commercially for regional use in enhanced oil recovery (EOR) in the Permian Basin of west Texas. The TCEP will utilize coal gasification technology to convert Powder River Basin subbituminous coal delivered by rail from Wyoming into a synthetic gas (syngas) that will be cleaned and further treated so that at least 90 percent of the overall carbon entering the IGCC facility will be captured. The clean syngas will then be divided into two highhydrogen (H 2 ) concentration streams, one of which will be combusted as a fuel in a combined cycle power block for power generation and the other converted into urea fertilizer for commercial sale. The captured CO 2 will be divided into two streams: one will be used in producing the urea fertilizer and the other will be compressed for transport by pipeline for offsite use in EOR and permanent underground sequestration. The TCEP was selected by the U.S. Department of Energy (DOE) Office of Fossil Energy (FE) for cost-shared co-funded financial assistance under Round 3 of its Clean Coal Power Initiative (CCPI). A portion of this financial assistance was budgeted and provided for initial development, permitting and design activities. STCE and the DOE executed a Cooperative Agreement dated January 29, 2010, which defined the objectives of the Project for all phases. During Phase 1, STCE conducted and completed all objectives defined in the initial development, permitting and design portions of the Cooperative Agreement. This topical report summarizes all work associated with the project objectives, and additional work required to complete the financing of the Project. In general, STCE completed project definition, a front-end, engineering and design study (FEED), applied for and received its Record of Decision (ROD) associated with the NEPA requirements summarized in a detailed Environmental Impact Statement. A topical report covering the results of the FEED is the subject of a separate report submitted to the DOE on January 26, 2012. References to the FEED report are contained herein. In August 2013, STCE executed fixed-price turnkey EPC contracts and previously, in December 2011 a long-term O&M agreement, with industry-leading contractors. Other work completed during Phase 1 includes execution of all commercial input and offtake agreements required for project financing. STCE negotiated long-term agreements for power, CO 2 and urea offtake. A contract for the purchase of coal feedstock from Cloud Peak Energy’s Cordero Rojo mine was executed, as well as necessary agreements (supplementing the tariff) with the Union Pacific Railroad (UPRR) for delivery of the coal to the TCEP site. STCE executed firm agreements for natural gas transportation with ONEOK for long-term water supply with a private landowner. In addition, STCE secured options for critical easements and rights-of-way, completed and updated a transmission study, executed an interconnection agreement and has agreed a target October 31, 2013 financial closing date with debt and conventional and tax equity.

Mattes, Karl↗

Texas Clean Energy Project: Topical Report, Phase 1 - February 2010-December 2012

Summit Texas Clean Energy, LLC (STCE) is developing the Texas Clean Energy Project (TCEP or the project) to be located near Penwell, Texas. The TCEP will include an Integrated Gasification Combined Cycle (IGCC) plant with a nameplate capacity of 400 megawatts electric (MWe), combined with the production of urea fertilizer and the capture, utilization and storage of carbon dioxide (CO 2 ) sold commercially for regional use in enhanced oil recovery (EOR) in the Permian Basin of west Texas. The TCEP will utilize coal gasification technology to convert Powder River Basin subbituminous coal delivered by rail from Wyoming into a synthetic gas (syngas) which will be cleaned and further treated so that at least 90 percent of the overall carbon entering the facility will be captured. The clean syngas will then be divided into two high-hydrogen (H 2 ) concentration streams, one of which will be combusted as a fuel in a combined cycle power block for power generation and the other converted into urea fertilizer for commercial sale. The captured CO 2 will be divided into two streams: one will be used in producing the urea fertilizer and the other will be compressed for transport by pipeline for offsite use in EOR and permanent underground sequestration. The TCEP was selected by the U.S. Department of Energy (DOE) Office of Fossil Energy (FE) for cost-shared co-funded financial assistance under Round 3 of its Clean Coal Power Initiative (CCPI). A portion of this financial assistance was budgeted and provided for initial development, permitting and design activities. STCE and the DOE executed a Cooperative Agreement dated January 29, 2010, which defined the objectives of the project for all phases. During Phase 1, STCE conducted and completed all objectives defined in the initial development, permitting and design portions of the Cooperative Agreement. This topical report summarizes all work associated with the project objectives, and additional work required to complete the financing of the project. In general, STCE completed project definition, a front-end, engineering and design study (FEED), applied for and received its Record of Decision (ROD) associated with the NEPA requirements summarized in a detailed Environmental Impact Statement. A topical report covering the results of the FEED is the subject of a separate report submitted to the DOE on January 26, 2012. References to the FEED report are contained herein. In December 2011, STCE executed fixed-price turnkey EPC contracts and a long-term O&M agreement with industry-leading contractors.. Other work completed during Phase 1 includes execution of all major commercial input and offtake agreements. STCE negotiated long-term agreements for power, CO 2 and urea offtake. A contract for the purchase of coal feedstock from Cloud Peak Energy’s Cordero Rojo mine was executed, as well as a memorandum of understanding with the Union Pacific Railroad (UPRR) for delivery of the coal to the TCEP site. An MOU for natural gas supply was completed with ONEOK, and a long-term water supply agreement was completed with a private landowner. In addition, STCE secured options for easements and rights-of-way, completed a transmission study, executed an interconnection agreement and devoted substantial effort to debt and conventional and tax equity structuring to position the Project for project financing, currently scheduled for closing on December 31, 2012.

Mattes, Karl↗

West Virginia Full-Scale Solar Energy Team Growing the Mountain State Energy Economy by Reaching our Full Solar Potential

The WV Team will design and demonstrate a complete set of systems and processes for automating the identification of residential and light commercial solar opportunities, evaluating project finance options, securing permits and arranging for interconnections to the utility grid. These operations will be supported by the predictive qualification and feasibility of residential and light commercial solar energy opportunities in WV based on the current solar LCOE and potential state-wide policy initiatives. Through the WV Department of Commerce and its Division of Energy, the WV Team will coordinate with all 55 county development authorities in West Virginia, as well as a number of local and municipal authorities responsible for zoning and building code ordinances to support and implement a statewide, integrated set of regulations and administrative services. Additionally the WV Team will work with the State administration and legislature to develop incentives that will promote the financing of residential and light commercial solar projects.

14 SOLAR ENERGY↗

2018 Research Highlight in Manufacturing: Global Value Chain and Manufacturing Analysis on Geothermal Power Plant Turbines

Currently, geothermal project developers customize the size of the power plant to fit the resource being developed. The turbine is designed and sized to optimize efficiency and resource utilization for electricity production; most often, other power plant components are then chosen to complement the turbine design. These custom turbine designs demand one-off manufacturing processes, which result in higher manufacturing setup costs, longer lead-times, and higher capital costs overall in comparison to larger-volume line manufacturing processes. In contrast, turbines produced in standard increments, manufactured in larger volumes, could result in lower costs per turbine. In this study, we developed a manufacturing cost model to identify requirements for equipment, facilities, raw materials, and labor. Then we used discounted cash flow (DCF) analysis to calculate the minimum sustainable price (MSP). We analyzed three different cases 1) 1 MWe geothermal ORC turboexpander 2) 5 MWe ORC turboexpander and 3) 20 MWe geothermal steam turbine, and calculated the cost of manufacturing the major components, such as the impellers/blades, shaft/rotor, nozzles, inlet guide lanes, disks, and casings. The results showed that MSP could highly vary between 893 $/kW and 30 $/kW based on turbine size, standardization and volume of manufacturing. The analysis also showed that the economy of scale applies both to the size of the turbine and the number manufactured in a single run. As an example, the unit price of a 5 MW standard design turbine could be 150 $/W cheaper than the custom design. Sensitivity analysis indicated that these savings come largely from reduced labor costs for design and engineering and manufacturing setup. In addition to manufacturing cost savings, there is a delivery time saving up to 10 months, which could have a positive effect to construction financing operation time. Another advantage of these standard turbines is their adaptability to different geothermal systems by operating at off-design conditions. We also modeled off-design turbine efficiencies within the commercially-favorable operating range of a standard ORC compared to custom-designed ORC equipment. Than we used these performance calculations and power output capacities in a discounted cash flow (DCF) analysis of plant operations and financing, thereby creating representative techno economic models of a total geothermal power plant. I this scope we used NREL's System Advisor model (SAM) and performed DCF analysis of standard and custom design turbines using results from IPSEpro over range of temperatures of interest. In this scope 63 different off-design cases were analyzed. This helped us to answer the question; 'Can today`s capital cost savings compensate the future revenue losses due to lower electricity generation?' The results showed that, the net capital cost savings for the modeled 5 MW case study may reach up to +$1,298,672. Also, the difference between NPV of standard design and custom design turbine could reach up to +$733,940. To sum up, when all the things mentioned above are taken into consideration, it can be said that, the standard turbines are competitive over a wide range of temperatures and flow rates and the give positive NPV differences for certain cases near their design point.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Applying Value at Risk Analysis towards Energy Efficiency Investments

Value at Risk (VaR) is a measure of risk for potential losses within a portfolio of investments. Investments in energy efficiency in a manufacturing environment compete in terms of payback period, ease of investment, and transaction costs with other investments (production, safety, engineering, etc.). Because manufacturers have limited amounts of capital to allocate, investments in productivity tend to be prioritized over energy efficiency projects that offer similar paybacks. Value at Risk (VaR) can be used to quantify how risk-weighted expenditures change over time. Energy efficiency investments are often believed to offer relatively stable payoffs compared to changes in production and other assets, particularly when evaluated using methodologies such as simple payback. Incorporating methodologies such as VaR can provide a stronger business case for energy efficiency investments by quantifying value beyond what is captured in other Return on Investment calculations.In this paper we outline a methodology for applying VaR in the context of the variety of investments made by manufacturing organizations. Additionally, we profile the stability of energy efficiency (EE) and renewable energy (RE) investments compared to other types of investments made in manufacturing. By applying VaR to these investments, energy managers can better translate the financial benefits of energy-related capital projects in a way that is more compelling to Corporate Finance and Treasury departments. This common language also allows Corporate Finance and Treasury departments to support large, strategic deployments of capital for such projects based on a targeted objective – the management of financial risk for the organization’s shareholders.

Levine, Eli↗

Cost-Saving Strategies to Improve County Economic and Energy Resilience: A Resilient Counties Forum - Cultivating and Protecting Energy Assests Panel

The Resilient Counties Forum is a FREE opportunity for county leaders to gain a better understanding of how they can help meet county disaster management, energy cultivation and protection, resource recycling and infrastructure financing goals. At the Forum, county leaders and the private sector will discuss successful resilience strategies, and create action plans for how county leaders might address certain issues in their counties. The morning session will include presentations featuring county examples of best practices in the following topic areas: Managing Disasters, Cultivating and Protecting Energy Assets, Infrastructure Financing and Resource Recycling.

14 SOLAR ENERGY↗

Bringing Solar Energy to Low- and Moderate-Income Communities

The U.S. solar photovoltaics (PV) industry has taken off over the past decade, but without deliberate action low- and moderate-income communities could be left behind. Key recommendations for policymakers and funders in the renewable energy and community development fields that emerged from this process include the following: • Help to capitalize and support community-based lenders to provide flexible, low-cost, and long- term financing to mission-driven solar projects— including providing guarantees or other forms of credit enhancement. • Provide a grant-in-lieu-of-credits option for the Investment Tax Credit as was done during the last recession. • Develop pools of government and philanthropic support that can complement financing from community-based lenders to complete the capi- tal stack for mission-driven projects, as well as to support education and technical assistance to both consumers and potential project sponsors. • Create a national Renewable Energy Credits pro- gram that includes social equity targets to provide a baseline of support for clean energy generation. • Change utility regulations to remove barriers to low-income solar projects, provide greater certainty for developers, and measure progress toward equity in renewable energy policy implementation.

14 SOLAR ENERGY↗