Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “economic analysis”

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 37 records · Page 2
All sourcesNASA NTRSDOE OSTI
DOE OSTI2023

Techno-Economic Analysis and Market Potential of Geological Thermal Energy Storage (GeoTES) Charged With Solar Thermal and Heat Pumps into Depleted Oil/Gas Reservoirs and Shallow Reservoirs: A Technology Overview: Preprint

Depleted oil/gas reservoirs represent a waste of underground resources and investments of drilling, and also a potential risk to the earth's environment. Geologic thermal energy storage (GeoTES) is proposed as a solution to convert depleted oil/gas reservoirs into long-term seasonal energy storage. GeoTES can be hybridized with other techniques for viable commercial deployment, such as 1) concentrating solar power (CSP) collectors and 2) heat pumps with excess renewable energy. Here, a technology overview is given on the two GeoTES technologies, which includes system overview, techno-economic models, and case study. Both GeoTES technologies show great potential in the economics of individual project deployment and applicability across the US.

concentrating solar power↗
DOE OSTI2023

Optimal Sizing of Movable Energy Resources for Enhanced Resilience in Distribution Systems: A Techno-Economic Analysis

This article introduces a techno-economic analysis aimed at identifying the optimal total size of movable energy resources (MERs) to enhance the resilience of electric power supply. The core focus of this approach is to determine the total size of MERs required within the distribution network to expedite restoration after extreme events. Leveraging distribution line fragility curves, the proposed methodology generates numerous line outage scenarios, with scenario reduction techniques employed to minimize computational burden. For each reduced multiple line outage scenario, a systematic reconfiguration of the distribution network, represented as a graph, is executed using tie-switches within the system. To evaluate each locational combination of MERs for a specific number of these resources, the expected load curtailment (ELC) is calculated by summing the load curtailment within microgrids formed due to multiple line outages. This process is repeated for all possible locational combinations of MERs to determine minimal ELC for each MER total size. For every MER total size, the minimal ELCs are determined. Finally, a techno-economic analysis is performed using power outage cost and investment cost of MERs to pinpoint an optimal total size of MERs for the distribution system. To demonstrate the effectiveness of the proposed approach, case studies are conducted on the 33-node and the modified IEEE 123-node distribution test systems.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2025

CO2 Storage Economic Analysis: CarbonSAFE Use Case

Poster on “CO2 Storage Economic Analysis: CarbonSAFE Use Case” for the CCUS 2025 conference held in Houston, Texas March 3-5, 2025. The cost of designing, permitting, constructing, operating, and closing a CO2 storage project is of vital importance to project developers. The National Energy Technology Laboratory has developed the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) Model to provide quantitative cost-based insights to support developers planning CO2 injection and storage projects. This study presents a collaborative economic analysis applying TALES with data from the San Juan Basin CarbonSAFE Phase III project led by the New Mexico Institute of Mining and Technology to estimate potential costs incurred during the implementation of a real-world commercial-scale carbon storage project. Scenario analysis was implemented in which different operational and cost attributes were varied and the associated cost implications observed. Key results data and project cost summary metrics, first-year breakeven price of CO2 ($/tonne) and net present value (NPV), are presented for base and alternative cases. Output provides a unique perspective for project stakeholders towards evaluating the influence of different operational strategies and financing approaches on overall project cost and financial viability.

carbon storage↗
DOE OSTI2026

An Online Tool for Preliminary Design and Techno-Economic Analysis of District Geothermal Heating and Cooling Systems

District geothermal heating and cooling systems (DGHCS) have significant benefits for reducing energy consumption as well as building- and grid-level peak electric demand. Currently, no publicly available tools are available to effectively design and conduct techno-economic analysis of DGHCS. GeoWISE was originally developed for preliminary design and techno-economic analysis of geothermal heating and cooling systems in an individual commercial or residential building. This paper introduces recent upgrades of GeoWISE that allow users to design and conduct techno-economic analysis of DGHCS. Several new features are implemented in GeoWISE to allow selection and specification of multiple new or existing buildings. A database of information for over 125 million existing U.S. buildings was used in GeoWISE that allows users easily locate existing buildings of interest based on street addresses, and optionally edit information of the buildings (e.g., footprint, vintage, principal functions, number of floors, window-to-wall ratio). Unique energy simulation models of the selected buildings are then automatically created using the Automatic Building Energy Modeling (AutoBEM) and EnergyPlus simulations are performed to predict thermal loads of the buildings. A simplified DGHCS is then designed and simulated to predict its energy use. A central borehole heat exchanger (BHE) of the DGHCS is sized using the RowWise algorithm of GHEDesigner to meet the thermal loads within user-specified land areas for installing BHE. The upgraded GeoWISE reports the needed capacity of heating and cooling equipment in each building, design of the central BHE, energy consumption reduction, and energy cost saving resulting from using DGHCS compared with conventional HVAC systems. A case study is showcased using the upgraded GeoWISE to design and conduct techno-economic analysis of a simplified DGHCS.

Prem Anand Jayaprabha, Jyothis Anand [ORNL] (ORCID↗
DOE OSTI2025

Economic Analysis of Battery Energy Storage Systems Incorporating Uncertain Battery Model

A high-fidelity battery model is essential for precise economic analysis of battery energy storage systems (BESSs), but these models are computationally intensive. Heuristic models offer computational efficiency but compromise the accuracy of economic analysis results. We assess the impact of errors in heuristic battery models on economic analysis by utilizing open-circuit voltage (OCV) measurements from battery experiments.

Choi, Hyungjin [Sandia National Laboratories (SNL-↗
NASA NTRS1992

National Launch System comparative economic analysis

Results are presented from an analysis of economic benefits (or losses), in the form of the life cycle cost savings, resulting from the development of the National Launch System (NLS) family of launch vehicles. The analysis was carried out by comparing various NLS-based architectures with the current Shuttle/Titan IV fleet. The basic methodology behind this NLS analysis was to develop a set of annual payload requirements for the Space Station Freedom and LEO, to design launch vehicle architectures around these requirements, and to perform life-cycle cost analyses on all of the architectures. A SEI requirement was included. Launch failure costs were estimated and combined with the relative reliability assumptions to measure the effects of losses. Based on the analysis, a Shuttle/NLS architecture evolving into a pressurized-logistics-carrier/NLS architecture appears to offer the best long-term cost benefit.

Prince, A.↗
DOE OSTI2023

Editorial: Harmonizing life cycle analysis (LCA) and techno-economic analysis (TEA) guidelines: a common framework for consistent conduct and transparent reporting of carbon dioxide removal and CCU technology appraisal

Stabilizing the climate will require significant efforts to curb greenhouse gas emissions, manage emissions that cannot be avoided, and remove as many legacy emissions as possible [i.e., carbon dioxide (International Energy Agency, 2020; Author Collective, 2022)]. In that context, negative emissions technologies will take CO 2 from the air (Direct Air Capture) or the water (Direct Ocean Capture) and permanently remove it (Roger et al., 2021) either by sequestering the CO 2 underground or converting it to so-called Track 1 materials (Sick et al., 2021) that have lifetimes of >100 years. Shorter-lived products that decompose back into CO 2 in <100 years are categorized as Track 2 materials and will at best be carbon neutral. A carbon neutral status can also be achieved if captured CO 2 from fossil-based point sources is sequestered or used to create Track 1 materials. Conversion of CO 2 from fossil-based sources to any Track 2 material and subsequent decomposition would add new fossil-based carbon to the atmosphere, constituting an ultimately undesirable process. The overall carbon footprint of a process or product will depend on many factors associated with the carbon production, use, and disposal phases.

54 ENVIRONMENTAL SCIENCES↗
NASA NTRS1976

Satellite power system: Engineering and economic analysis summary

A system engineering and economic analysis was conducted to establish typical reference baselines for the photovoltaic, solar thermal, and nuclear satellite power systems. Tentative conclusions indicate that feasibility and economic viability are characteristic of the Satellite Power System. Anticipated technology related to manufacturing, construction, and maintenance operations is described. Fuel consumption, environmental effects, and orbital transfer are investigated. Space shuttles, local space transportation, and the heavy lift launch vehicle required are also discussed.

Source record↗
DOE OSTI2024

Hydrogen underground storage for grid electricity storage: An optimization study on techno-economic analysis

Here, this study performs a techno-economic analysis of hydrogen underground storage systems for grid electricity storage, evaluating their economic viability at the plant scale using dynamic optimization. It explores the feasibility of various system configurations and revenue models in the context of volatile electricity prices and the necessity for multiple revenue streams. The hypothesis tested is that large-scale hydrogen storage, despite its low round-trip efficiency, can be economically viable with the right mix of revenue streams. This study uses scenario-based analysis to assess the impacts of different system configurations, including engaging in time-shifting arbitrage, ancillary service markets and blending hydrogen with natural gas. Results indicate potential annual net cash flows of up to $\$$1.5 million from ancillary services integration and $\$$5.2 million from natural gas blending, contingent on specific system sizes. The study concludes that hydrogen underground storage for grid electricity storage can be profitable, and emphasizes that proper system design and precise electricity price forecasting are crucial for optimizing system performance and economic returns. This research sets the stage for further investigations into the scalability of hydrogen storage systems and their broader implications for grid electricity storage and energy market dynamics.

25 ENERGY STORAGE↗
DOE OSTI2026

Reservoir Characterization and Techno-Economic Analysis of Enhanced Geothermal and Closed-Loop Systems in the Wattenberg Field of the Denver-Julesburg Basin, Colorado

This report provides details of reservoir characterization and techno-economic analysis for enhanced geothermal systems and closed-loop geothermal systems in the Denver-Julesburg Basin Wattenberg area. The analysis contributes to the Geothermal Limitless Approach to Drilling Efficiencies (GLADE) project, a multi-institutional research initiative focused on advancing geothermal energy development by reducing drilling costs and improving the rate of penetration. The GLADE project brings together national laboratories, academic institutions, and industry partners, including the U.S. Department of Energy's Geothermal Technologies Office, Occidental Petroleum, the National Laboratory of the Rockies (NLR), Los Alamos National Laboratory, Colorado School of Mines, Louisiana State University, Texas A&M University, and several drilling technology companies. As part of this effort, NLR developed and applied slender-body theory modeling tools and the GEOPHIRES simulator to support techno-economic analysis. The slender-body theory wellbore simulator evaluated thermal performance in U-loop, Eavor-type multilateral, and enhanced geothermal system well configurations. Results indicated that an optimized single U-loop design delivers an outlet temperature of 168.8 degrees Celsius,stabilizing at a final outlet temperature of 135.3 degrees Celsius. Heat production also improved significantly, with an average thermal output of 16.9 MWth and a final thermal output of 11.0 MWth. These results provided critical baseline data for selecting optimized systems for techno-economic analysis. Building on these outputs, NLR applied the GEOPHIRES techno-economic simulator to estimate the levelized cost of electricity for both the Eavor multilateral and enhanced geothermal systems. The sensitivity analysis showed that drilling costs exert a particularly strong impact on the levelized cost of electricity of multilateral systems. Therefore, advances in drilling technology and improved drilling rates could yield significant gains in the economic performance of these systems. In this context, the GLADE project directly supports the U.S. Department of Energy's mission to reduce the cost of geothermal energy and accelerate the deployment of next-generation geothermal technologies.

15 GEOTHERMAL ENERGY↗
DOE OSTI2022

Physical solvents and techno-economic analysis for pre-combustion CO 2 capture: A review

In this manuscript we review the use, development, and economic performance of physical solvents for pre-combustion CO 2 capture from high pressure H 2 rich syngas streams. Commercially available physical solvents are presented, followed by an assessment of the ideal properties that are important for development of novel solvents for CO 2 capture from high-pressure syngas streams. To compare the technical and economic performance of traditional and novel physical solvents, a review of the methods, assumptions and models used in techno-economic analysis (TEA) studies was conducted. It was found that, although some novel solvents show promising technical performance in the laboratory (e.g., high CO 2 absorption capacity and low vapor pressure), other issues (e.g., solvent viscosity and cost) may limit their industrial applications. Process simulations were useful tools for modeling the technical performance of processes using traditional and novel solvents. However, model predictions are most reliable when the methods and correlations used to develop the process simulation are validated with representative experimental data, in particular highly accurate baseline models are required for fair comparison among physical solvents. The key inputs and assumptions in pre-combustion CO 2 capture TEAs have also been summarized. Some studies showed that the promising technical performance of novel physical solvents can be offset by the high and often unknown costs of these solvents. Future development of novel physical solvents for pre-combustion CO 2 capture will benefit from more studies that conduct in-depth techno-economic analysis, specifically with validated process simulations and transparent economic models.

42 ENGINEERING↗
NASA NTRS1973

The MATHEMATICA economic analysis of the Space Shuttle System

Detailed economic analysis shows the Thrust Assisted Orbiter Space Shuttle System (TAOS) to be the most economic Space Shuttle configuration among the systems studied. The development of a TAOS Shuttle system is economically justified within a level of space activities between 300 and 360 Shuttle flights in the 1979-1990 period, or about 25 to 30 flights per year, well within the U.S. Space Program including NASA and DoD missions. If the NASA and DoD models are taken at face value (624 flights), the benefits of the Shuttle system are estimated to be $13.9 billion with a standard deviation of plus or minus $1.45 billion in 1970 dollars (at a 10% social rate of discount). If the expected program is modified to 514 flights (in the 1979-1990 period), the estimated benefits of the Shuttle system are $10.2 billion, with a standard deviation of $940 million (at a 10% social rate of discount).

Heiss, K. P.↗
NASA NTRS1972

Economic analysis of the space shuttle system, volume 1

An economic analysis of the space shuttle system is presented. The analysis is based on economic benefits, recurring costs, non-recurring costs, and ecomomic tradeoff functions. The most economic space shuttle configuration is determined on the basis of: (1) objectives of reusable space transportation system, (2) various space transportation systems considered and (3) alternative space shuttle systems.

Source record↗