Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “Economic Model”

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 343 records · Page 19
All sourcesNASA NTRSDOE OSTI
DOE OSTI2023

A Multi-objective Microgrid Assessment and Sizing Framework for Economic and Resilience Benefits

This paper presents an innovative multi-objective assessment and sizing framework for battery energy storage system paired with photovoltaics for a cost-effective and resilient microgrid. In the proposed framework, we simultaneously consider i) economic benefits from bundling grid services in grid-connected mode and ii) enhanced resilience by operating the microgrid in island mode upon outages of the main grid. Instead of simply treating resilience as another monetary value stream, this paper models resilience and economic benefits as two separate objectives. Multi-objective optimization is developed to explore different sizing and dispatch options and generate the Pareto front to assist decision-making in system design. Case studies on a real-world microgrid project in Puget Sound Energy system are presented to illustrate the proposed modeling and sizing methods.

Battery energy storage, Microgrid, Optimal Sizingp↗
DOE OSTI2025

Policy implications of net-zero emissions: A multi-model analysis of United States emissions and energy system impacts

Many countries, subnational jurisdictions, and companies are setting net-zero emissions goals; however, questions remain about strategies to reach these targets, policy measures, technology gaps, and economic impacts. Here, we investigate the potential policy implications of reaching economy-wide net-zero CO 2 emissions across the United States by 2050 using results from a multi-model comparison with 14 energy-economic models. Model results suggest that achieving net-zero CO 2 targets depends on policies that accelerate deployment of zero- and low-emitting technologies that have seen rapid cost reductions in recent years (including wind, solar, battery storage, and electric vehicles) as well as relatively nascent options (including carbon capture and storage, advanced biofuels, low-carbon hydrogen, advanced nuclear, and long-duration energy storage). While net-zero policies are likely to lower fossil fuel consumption, including considerable coal and petroleum reductions, achieving net-zero emissions does not necessarily mean phasing out all fossil fuels. Model results indicate that the Inflation Reduction Act’s energy and climate provisions amplify near-term decarbonization but that net-zero policies have larger impacts on long-run outcomes. Stringent climate policy can have large fiscal impacts on tax revenue and government spending—revenues from carbon pricing and subsidies for carbon removal range from 0.1 % to 3.7 % of GDP in 2050 across models. Each dollar per metric ton carbon price leads to a 0.06 % to 0.31 % reduction in economy-wide CO 2 emissions relative to a reference scenario with current policies. Spending on energy across the economy decreases relative to today for many models under reference and net-zero policies, especially as a share of GDP, due primarily to end-use electrification and energy efficiency.

54 ENVIRONMENTAL SCIENCES↗
DOE OSTI2024

Stochastic Optimization and Uncertainty Quantification of Natrium-based Nuclear-Renewable Energy Systems for Flexible Power Applications in Deregulated Markets

Rapid integration of variable renewable energy sources (VRES) has made modeling and stochastic optimization of hybrid energy systems crucial for studying their long-term performance and viability. However, most studies have focused on just historical data, which may be unreliable for capturing short-term fluctuations, rare events, and long-term patterns of energy demand, price, and the variability of renewable energy sources. For this study, optimal synthetic time series models were developed using Wasserstein distance. The models were validated by comparing the key statistical measures against those of the historical data. They were then used to optimize the integrated Natrium-style advanced energy systems and their long-term (30 years) economics. The stochastic model performs bi-level optimization to find the optimal sizes for the balance of plant and thermal energy storage, while also optimizing energy dispatch to achieve the maximum net present value. In studies of two deregulated markets (California ISO and the Electric Reliability Council of Texas), the integrated Natrium-style system performed better in CAISO than in ERCOT, given higher and more consistent electricity prices during peak-demand periods. The potentially enlarged cost associated with the variable operation and maintenance of the TES system also plays a significant role in driving the system sizing, thus its impacts on the system are investigated in detail through comparison against a baseline case. The study also finds that the bi-level optimization results based on stochastic gradient descent closely match the grid search results. The uncertainty quantification of the stochastic signals provides further NPV-related insights and probability distributions for the case studies. The normal standard error of the mean of NPV for the case with and without TES VOM for CAISO were found to be 7.73M (plus-minus sign) 1.09M USD and 104.99M (plus-minus sign) 1.25M USD, respectively based on a 95% confidence. Given the relatively small NPV variance based on 150 samples, the analysis affords the most robust possible prediction of the techno-economic performance of the integrated Natrium-style energy systems.

25 ENERGY STORAGE↗
DOE OSTI2023

Techno-Economic Case Study: Low-Temperature Conversion Performance Based on Isolated Anatomical Fractions of Corn Stover

This report summarizes analysis conducted to support a case study under the Feedstock-Conversion Interface Consortium (FCIC) focused on techno-economic analysis (TEA) modeling to quantify the yield and cost ramifications for processing isolated anatomical fractions of corn stover through a low-temperature conversion (biochemical pathway) biorefinery. It is hypothesized that different individual anatomical fractions of corn stover vary in composition and recalcitrance, such that processing each fraction on its own e.g. through dedicated campaigns may enable economic benefits relative to processing the whole stover material. To investigate this concept, we worked with FCIC researchers to obtain data on compositional analysis, as well as processing conditions and yields, for conversion of whole corn stover plus three individual anatomical fractions (cobs, husks, and stalks) across key steps of the biorefinery conversion process within FCIC research scope, namely pretreatment and enzymatic hydrolysis. After running the data through the TEA models, fractionated cobs and husks achieved higher fuel yields and lower minimum fuel selling prices than whole corn stover, but stalks fared worse than whole stover on both metrics. The most direct takeaway from this assessment is that a biorefinery would stand to benefit economically from maximizing the use of cob and husk fractions while avoiding or minimizing the use of stalks, though recognizing practical constraints with this approach in maintaining an equivalent processing capacity (fixed at 2,000 dry metric tonne per day in all cases).

09 BIOMASS FUELS↗
DOE OSTI2023

Shedding light on the economic costs of long-duration power outages: A review of resilience assessment methods and strategies

Here this paper provides a literature review of methods and modeling techniques to estimate the cost of power system outages, along with the value of outage mitigation or system resilience. Regulators, policymakers, and infrastructure owners have a growing need to understand the methods for estimating the benefits of resilience improvements of electric infrastructure against natural and man-made disasters. There is a broad literature that estimates the cost of short-duration outages and a small but developing literature on estimating the cost of long-duration outages. This article reviews the models used to estimate the cost of outages and discusses their relative strengths. Additionally, this paper identifies key questions from stakeholders regarding resilience investment and maps them to the relevant models that would help answer them. We include recommendations for future work to include recent advances in regional economic modeling that can estimate region and demographic-specific costs and the distributional consequences of potential resilience projects.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2020

Techno-Economic Analysis of Synthetic Fuels Pathways Integrated with Light Water Reactors

The purpose of this work is to identify, model, and compare two possible synfuel production routes utilizing CO 2 as the feedstock. Heat from an LWR nuclear plant is integrated wherever possible as a means to positively affect the economics of the LWR. Process and economic modeling for a conceptual synfuel production plant co-located (or in near proximity) with an LWR is presented, including the cost of CO 2 captured from an ethanol plant, compressed, and transported to the LWR hybrid plant, co-electrolysis of the CO 2 with water in a solid oxide electrolyzing cell (SOEC) system to produce syngas, and thermo-catalytic conversion of the syngas to transportation fuel. The hybrid LWR/synfuels plant is assumed to be located within 50-150 miles of an ethanol plant, e.g., located in the Midwest region of the United States. Performance and nth plant economics for the co-electrolysis-based processes are evaluated and compared with biomass-gasification-based technology for the synfuel routes considered. Sensitivity analysis around the price of CO 2 and electricity, two of the major cost drivers, is presented for each case. Consideration of a carbon credit is also included in the sensitivity analysis.

08 HYDROGEN↗
DOE OSTI2024

Oxygen Storage Incorporated Into Net Power and the Allam–Fetvedt Oxy-Fuel sCO2 Power Cycle—Techno-Economic Analysis

Abstract With the planned future reliance on variable renewable energy, the ability to store energy for prolonged time periods will be required to reduce the disruption of market fluctuations. This paper presents a method to analyze a hybrid liquid-oxygen (LOx) storage/direct-fired supercritical carbon dioxide (sCO2) power cycle and optimize the economic performance over a diverse range of scenarios. The system utilizes a modified version of the NET Power process to produce energy when energy demand exceeds the supply while displacing much of the cost of the air separation unit (ASU) energy requirements through cryogenic storage of oxygen. The model uses marginal cost of energy data to determine the optimal times to charge and discharge the system over a given scenario. The model then applies ramp rates and other time-dependent factors to generate an economic model for the system without storage considerations. The size of the storage system is then applied to create a realistic model of the plant operation. From the real plant operation model, the amount of energy charged and discharged, the capital expenditures (CAPEX) of each system, energy costs and revenue and other parameters can be calculated. The economic parameters are then combined to calculate the net present value (NPV) of the system for the given scenario. The model was then run through the SMPSO genetic algorithm in Python for a variety of geographic regions and large-scale scenarios (high solar penetration) to maximize the NPV based on multiple parameters for each subsystem. The LOx storage requirements will also be discussed.

Engineering↗
DOE OSTI2024

Enhanced Rock Weathering for Carbon Dioxide Removal: Life Cycle Analysis and Techno-Economic Assessment

The study models enhanced rock weathering (ERW) using minerals such as basalt and olivine in terrestrial environments. Our analysis shows potential for ERW CO2 removal and storage costs to approach US$ 100 per tonne (t) of CO2 removed and stored under certain conditions (2023 dollars). In the environmental analysis, the 100-year global warming potential impact with igneous rock and industrial waste materials ranges from 34–263 and 23–180 kg CO2-eq per tonne of CO2 removed and stored, respectively (these values result in overall emissions (removed minus emitted) between –977 and –737 kg CO2-eq net removed per tonne of CO2 removed and stored, meaning for every tonne of CO2 removed by ERW, after accounting for the CO2 equivalent emissions from the GWP, the overall emissions are negative.

Priyadarshini, NFN [NETL Site Support Contractor, ↗
DOE OSTI2021

Investigation of Cycling Coal-Fired Power Plants Using High-Fidelity Models

The project delivers a well-integrated and validated simulation platform for cycling operation analysis in coal-fired power plant. Two critical mechanical components of the boiler island were analyzed through mechanical integrity assessment and economic benefit analysis. The current phase of the project focuses on the development of the integrated simulation infrastructure and prove its feasibility and effectiveness using two typical use cases. This integrated platform can help save a lot of engineering efforts for model development and simulation analysis. Through the real simulation scenarios in this document, it was demonstrated that using this platform, an analysis can be completed in approximately 2 days, while it could cost several weeks before using this platform. Going forward, the platform built in this project can be used for more boiler service applications, and it can be further enhanced with more functions/features to maximize its usage and benefits. 1) Extend component-level analysis with more use cases to cover all the major critical components of boiler island under cycling operations. A library of critical components can be developed and validated for typical pulverized coal-fired subcritical boiler units. 2) Develop predictive maintenance features based on the integrated models (Digital Twins) and engineering analysis procedures. Predictive maintenance enables each asset to be serviced based on forecast on life consumption and cost profile for replacing/welding the critical mechanical parts of the boiler. This minimizes the chance of unscheduled shutdowns and emergency services at much higher costs and prevent the fatal accidents in unit operations. 3) Develop and maintain a standard library for critical component analysis under flexible plant operations, which will include libraries of: process models, MI models for typical pressure parts, and economic models with typical plant operating data and ISO power trade data.

01 COAL, LIGNITE, AND PEAT↗
DOE OSTI2021

Influence of the concentration ratio on the thermal and economic performance of parabolic trough collectors

The thermal and economic performance of parabolic trough collectors (PTCs) and PTCs with double glass envelope (DGE-PTCs) are analyzed in this work. A model including thermal and optical effects is developed to evaluate the efficiency of vacuum and air-filled DGE-PTCs, while an economic model based on two commercial PTCs (SkyTrough and Ultimate Trough collectors) was developed to assess the economic performance. The efficiency and thermal output per unit cost of the proposed DGE-PTCs are analyzed as a function of the concentration ratio and are respectively compared with the thermal and economic performance of traditional and commercial PTCs. The optimum concentration ratio for maximum thermal performance varies from 11.0 to 23.3 for operation temperatures (T HTF ) between 100 degrees C and 400 degrees C, while the optimum concentration ratio for maximum economic performance ranges between 28.9 and 33.2 for the SkyTrough and between 40.0 and 43.8 for the Ultimate Trough collector designs. Finally, the DGE-PTCs present higher thermal and economic performance at high operating temperatures, which presents a valuable opportunity for implementation in new PTC designs pursuing higher operating temperatures to achieve superior thermal cycle efficiencies.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2024

End-Use Savings Shapes Measure Documentation: Economizers

Building on the successfully completed effort to calibrate and validate the U.S. Department of Energy's ResStock™ and ComStock™ models over the past 3 years, the objective of this work is to produce national data sets that empower analysts working for federal, state, utility, city, and manufacturer stakeholders to answer a broad range of analysis questions. The goal of this work is to develop energy efficiency, electrification, and demand flexibility end-use load shapes (electricity, gas, propane, or fuel oil) that cover a majority of the high-impact, market-ready (or nearly market-ready) measures. "Measures" refers to energy efficiency variables that can be applied to buildings during modeling. An end-use savings shape is the difference in energy consumption between a baseline building and a building with an energy efficiency, electrification, or demand flexibility measure applied. It results in a time-series profile that is broken down by end use and fuel (electricity or on-site gas, propane, or fuel oil use) at each time step. ComStock is a highly granular, bottom-up model that uses multiple data sources, statistical sampling methods, and advanced building energy simulations to estimate the annual subhourly energy consumption of the commercial building stock across the United States. The baseline model intends to represent the U.S. commercial building stock as it existed in 2018. The methodology and results of the baseline model are discussed in the final technical report of the End-Use Load Profiles project.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2024

Wind plant wake losses: Disconnect between turbine actuation and control of plant wakes with engineering wake models

Wake losses from neighboring plants may become a major factor in wind plant design and control as additional plants are constructed in areas with high wind resource availability. Because plant wakes span a large range of physical scales, from turbine rotor diameter to tens of kilometers, it is unclear whether conventional wake models or turbine control strategies are effective at the plant scale. Wake steering and axial induction control are evaluated in the current work as means of reducing the impact of neighboring wind plants on power and levelized cost of electricity. FLOw Redirection and Induction in Steady State (FLORIS) simulations were performed with the Gauss–Curl Hybrid and TurbOPark wake models as well as two operation and maintenance models to investigate control setpoint sensitivity to wake representation and economic factors. Both wake models estimate losses across a range of atmospheric conditions, although the wake loss magnitude is dependent on the wake model. Annual energy production and levelized cost of electricity are driven by wind direction frequency, with frequently aligned plants experiencing the greatest losses. However, both wake steering and axial induction are unable to mitigate the impact of upstream plants. Wake steering is constrained by plant geometry, since wake displacement is much less than the plant wake width, while axial induction requires curtailing the majority of turbines in upstream plants. Individual turbine strategies are limited by their effective scale and model representation. New wake models that include plant-scale physics are needed to facilitate the design of effective plant wake control strategies.

Scott, Ryan (ORCID:0000000328107574)↗
DOE OSTI2021

Development of Electro-chemical Battery Model for Plug-and-Play Eco-system Library

Energy storage components are fundamental to the concept of an Integrated Energy System (IES). They serve to store surplus energy during low-demand periods for later release when other IES components (i.e., Secondary Energy Source, Balance of Plant, etc.) would otherwise have to operate flexibly. This provision for storage avoids high-amplitude power ramps in these components thereby limiting thermal and mechanical stresses to their internals and providing for extended service life. This report describes a dynamic model that has been developed for an electrochemical battery. The lithium-ion (Li-ion) cell was selected as representative technology. The battery model was developed in the Dymola simulation environment and meets the requirements of the ecosystem plug-and-play library. The model accurately describes the electric dynamic response of a Li-ion battery for an imposed charging/discharging power profile. The corresponding physical limitations related to over-power scenarios, and the impact of the residual state of charge are accounted for in the model. A literature review of the major degradation processes affecting Li-ion batteries was performed. Given the purposes of the CTD-IES project, the progressive fade of the installed capacity, the reduction of the round-trip efficiency, and the limits on the number of charging/discharging cycles are aspects that need to be taken into account in techno-economic analyses. The modeling of these degradation phenomena becomes crucial when predictions over long time horizons (capacity expansion) are made. For each one of these phenomena, a brief description is given, and some figures to be implemented in the HERON optimization algorithm are presented.

25 ENERGY STORAGE↗
DOE OSTI2024

Powering Data Centers with Clean Energy: A Techno-Economic Case Study of Nuclear and Renewable Energy Dependability

Rising data demands from artificial intelligence (AI) and large language models (LLMs) generating images, videos, and text have prompted increased need for larger and more robust data centers in the United States. Major companies interested in these larger data centers face the choice of linking them to existing regional grids, building stand-alone power supplies onsite, or a combination of both. The request, review, and approval process for new transmission lines to grids in the United States, however, has grown in recent years to times spans rivaling those of new construction for nuclear power plants. Building an islanded power supply for each data center is therefore becoming a prominent option. In this case study, several technologies are modeled in techno-economic simulations for long-term system costs subject to fixed electricity demand from a singular data center. A 250 MWe data center is assumed with additional 50 MWe for resiliency. Techno-economic simulations are conducted using the Holistic Energy Resource Optimization Network (HERON) software, which is a part of the Framework for Optimization of Resources and Economics (FORCE) tool suite. Technologies considered include solar, wind, lithium-ion batteries, and several types of nuclear reactors: large-scale reactors, small modular reactors, and microreactors. A low- and high-cost estimate for each technology is assumed to develop a range of expected economic performance. Low-cost estimates included several clean energy production tax credits. Different combinations of renewable energy generators with nuclear reactors are considered, ranging from a fully renewable-powered data center to a fully nuclear-powered data center. Historic time series of wind and solar availability from the Texas grid are used to train a reduced order model; this model then generates unique time series with similar characteristics of the training dataset. Multiple scenarios of weather and subsequent operations are simulated for each renewable-nuclear combination to determine total costs throughout the project lifetime. Fully renewable-powered configurations required large amounts of installed capacity (GW scale) in the simulations to meet the fixed demand of the data center. This is due to some scenarios in the historical dataset which captured low-wind and low-solar days, requiring over-building of these technologies as well as batteries to compensate for the low amounts of electricity generation. Fully nuclear-powered configurations outperformed the fully renewable and mixed renewable-nuclear configurations in terms of cost, with ranges between $1B and $10B in 2023 USDs compared to $40B+ for fully renewable configurations. Of the nuclear technologies, small modular reactors performed better economically than large-scale nuclear models due to lower projected capital costs, and both performed better than the microreactor models. These results demonstrate the applicability of firm, dispatchable electricity resources from baseload generators like nuclear power plants for operating facilities that run at constant power without daily variability.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗
DOE OSTI2025

Current state and future projections of drying processes in the US food and pulp and paper sectors: Energy, economic, and environmental assessment

The pulp and paper (P/P) and food sectors are the third- and fifth-largest industrial energy consumers in the United States, with total on-site energy consumption of 2,039 TBtu and 1,144 TBtu, respectively. Thermal drying processes for moisture removal, which are energy-intensive, play a critical role in both industries. This study is the first to evaluate state- and national-level US drying energy demand for these sectors from 2020 to 2050. To complete this evaluation, we developed a thermodynamic modeling framework integrated with economic and environmental models to compute product-specific drying energy intensity and estimate the sector-specific costs and emissions profiles associated with drying operations. The model-predicted energy intensity was validated against the literature. Using current and projected annual production volumes in these sectors, we estimated total drying energy use. Results indicate that drying accounts for 22 % of total energy consumption in the P/P sector and 10 % in the food sector. The estimated annual energy cost (2020) to operate thermal dryers is $\$$919 M in the P/P sector and $\$$417 M in the food sector. Additionally, drying contributes to 25 % of total CO 2 e emissions in the P/P sector (including biogenic) and 15 % of emissions in the food sector. Regional performance shows that the Southern US is the leading energy consumer for P/P drying, whereas the Midwest leads in food drying. This study presents both potential solutions to enhance drying efficiency and barriers to implementation. Energy efficiency improvements, low-carbon fuels, and electrification are discussed as key pathways for reducing costs and optimizing industrial drying processes.

3E analysis↗
DOE OSTI2023

Techno-Economic Case Study: Low-Temperature Conversion Performance Based on Isolated Anatomical Fractions of Corn Stover

This report summarizes analysis conducted to support a case study under the Feedstock Conversion Interface Consortium (FCIC) focused on techno-economic analysis (TEA) modeling to quantify the process yield and resulting process cost impacts for processing isolated anatomical fractions of corn stover through a low-temperature conversion (biochemical) pathway. It is hypothesized that different individual anatomical fractions of corn stover vary in both composition and recalcitrance, giving biorefineries options in whether and how to deal with fractionated or whole biomass feedstock. By quantifying the techno-economic impacts of this variability, we provide actionable information for end users to understand tradeoffs in conversion system yields and economics in considering feedstock processing decisions at the biorefinery gate. For this study, we worked with FCIC researchers to obtain data on the compositional analysis and conversion performance of whole corn stover alongside three individual anatomical fractions (cobs, husks, and stalks) across key steps of the biorefinery conversion process within FCIC’s research scope—pretreatment and enzymatic hydrolysis. This TEA screening assessment highlighted biorefinery economic trade-offs observed through this approach. Namely, relative to processing whole stover biomass, two of the three anatomical fractions for which composition/conversion data were available (cobs and husks) demonstrated the ability to achieve higher fuel yields and lower minimum fuel selling prices (MFSPs), while the third fraction (stalks) led to the opposite result, as a composite reflection of compositional differences and process convertibility.

cost impacts↗
DOE OSTI2026

Agent-based Modeling for the Multi-objective Optimization of Energy Production Pathways: Integrated Techno-Economics and Life Cycle Assessment

This project developed an integrated modeling framework to evaluate how purpose-grown bioenergy feedstocks could support large-scale sustainable aviation fuel production in the United States. Led by Colorado State University with project partners, the work combined geographically resolved analysis, techno-economic assessment, life cycle assessment, multi-objective optimization, and agent-based modeling to examine feedstock performance, deployment potential, land-use implications, and adoption dynamics. The overall goal was to identify practical and sustainable pathways for producing aviation fuel from feedstocks such as energy crops, woody crops, oilseeds, and algae while helping inform policy, investment, and research needs tied to national SAF goals. In essence, the project provides a systems-level assessment of the opportunities and constraints associated with scaling bioenergy-based aviation fuels in the U.S.

09 BIOMASS FUELS↗
DOE OSTI2026

Design trade-offs for residential retail tariffs and virtual power plants

Retail rate design and virtual power plants (VPPs) have the potential to shift customer electricity demand and provide economic benefits to utility customers. As the adoption of distributed energy resources (DERs) and flexible loads increases, retail tariff and program design can impact Bonbright's rate design principles including affordability, fairness, and economic efficiency. We model the effects of residential retail rates and VPP programs on power system costs in Massachusetts under a potential future system with high renewable energy and DER adoption. We model interactions among retail rate design, demand flexibility, and utility costs and identify trade-offs across different rate designs and VPP programs. We estimate that time-of-use (TOU) rates and VPP programs designed to avoid critical peak rates can lower overall system costs by 3.5 %-4.8 %. These lower costs translate to lower electricity bills for 62 %-91 % of customers, depending on the scenario. Although TOU rates with a critical peak VPP program can benefit all customer segments and are economically efficient, a VPP program with flat rates leads to the lowest overall bills for customers. We find that customers with loads that align with peak demand and who participate in critical peak VPP programs can underpay for their contribution to utility costs and shift costs to other customers. While our assumptions about mandatory TOU and/or critical peak pricing likely impact the magnitude of the results, the results highlight the trade-offs of these tariffs and programs and the importance of tariff and program design as demand becomes more flexible and responsive.

24 POWER TRANSMISSION AND DISTRIBUTION↗