Life Cycle Analysis and Techno-Economic Analysis Tools to Evaluate Carbon Conversion Technologies
Description of NETL CO2U LCA Guidance Toolkit and TEA Toolkit that includes goals, key points, overview of toolkit elements and toolkit utilities.
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Description of NETL CO2U LCA Guidance Toolkit and TEA Toolkit that includes goals, key points, overview of toolkit elements and toolkit utilities.
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.
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.
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.
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.
Abstract not provided.
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.
Techno Economic Analysis of ADVANCE Small Modular Reactor Technology
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.
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.
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.
To enable a sustainable fuel cycle, any deuterium-tritium fusion reactor must breed its tritium fuel onsite. Lead-lithium (PbLi), a eutectic metal, is a leading liquid breeder material for tritium generation. One challenge with PbLi blanket technology is the extraction of tritium from the molten eutectic. Three technologies are the focus of worldwide research: the vacuum permeator, the vacuum sieve tray, and the gas-liquid contactor (GLC). The present work offers a methodology for designing, sizing, optimizing, and costing a trickle-bed GLC. Here, we analyzed tritium extraction from PbLi using MELODIE experimental data by applying traditional packed bed mass transfer efficiency models along with supplementary models, like film theory. Our analysis revealed that traditional packed bed mass transfer efficiency models do not fit the MELODIE loop experimental data. Moreover, uncertainty in PbLi solubility resulted in a 325-fold increase in required gas flow rates when comparing identical packing heights. The film theory liquid mass transfer coefficient, Delt-Olujic wettability model, and Reiter tritium solubility values fit the MELODIE data best and were used both in the design and to conduct the economic analysis. Techno-economic analysis of the GLC was performed to evaluate three design sizes, all achieving a minimum extraction efficiency of 90 [%] for a total tritium extraction of 31 [kg/yr].
These spreadsheets include a Techno-Economic Analysis (TEA) summary and descriptions and links to mining data analyzed as part of this study. The TEA summary includes the results from several mining data-informed geothermal development models analyzed using the DOE's Geothermal Electricity Technology Evaluation Model (GETEM).
As extreme weather events lead to more frequent power outages, understanding and enhancing grid resilience is critical to mitigating economic losses and non-energy impacts from service disruptions. Here, this study introduces a novel techno-economic analysis framework for evaluating resilience enhancement mechanisms. The framework combines grid response modeling with a co-simulation approach and valuation methodology to provide a comprehensive assessment. We apply this framework to a realistic case study of the Texas grid during Winter Storm Uri in February 2021. Two advanced resilience strategies are analyzed: a data-driven rolling outage mechanism and a transactive energy (TE) based allocation scheme. The rolling outage scheme selectively serves customers based on real-time curtailment needs, while the TE scheme allows customers to trade energy allocations according to their preferences. Our findings show that both the rolling outage and TE schemes significantly outperform conventional methods (i.e. controlled outages) by reducing the amount of energy not supplied to customers by 41% and 64%, respectively. These approaches also enhance flexibility and customer satisfaction, while improving energy utilization for greater resilience. Additionally, they maintain thermal comfort about 3.5 times better and substantially lower customer risk exposure. A key contribution of this study is addressing both utility and customer perspectives while considering both energy and non-energy impacts. The techno-economic analysis indicates that implementing these resilience enhancement strategies would incur an additional 1.1Bto1.6B in utility costs but has the potential to avoid 17.3Bto18B of customer losses as compared to existing solutions, thereby underscoring the value of investing in advanced resilience, as it provides significant societal benefits to customers.
To reduce the cathode material manufacturing cost, our lab has developed a flame spray process that utilize sustainable solvent glycerol as solvent to manufacture the cathode material. The economic analysis of the new green chemical process was studied based on discounted cash flow method. The major economic indicator used in this study is the minimum cathode material selling price (MCSP), whereas the co-precipitation method for NMC333 production was selected as the reference for economic analysis.
This presentation reports on a screening techno-economic analysis that examines the impact of key factors that influence terrestrial enhanced weathering performance and cost. Two cases are considered for analysis based on the material used: (1) Naturally occurring mined igneous rock (2) Industrial waste materials (like biomass ash or cement kiln dust) The analysis considers locating the terrestrial enhanced weathering system in the Midwestern United States, because of proximity to alkaline materials, availability of farmland, and appropriate ambient conditions for weathering. For the igneous rock case, the size of the system is based on the average amount of igneous rock available from a single mine—250,000 tonnes/year. For the industrial waste case, the size of the system is based on the amount of suitable waste material produced by an industrial hub—150,000 tonnes/year.
Ionic liquids have garnered significant attention over the past 20 years as alternatives to conventional volatile organic solvents because they are non-flammable, have negligible vapor pressures, possess high thermal and chemical stabilities, and can potentially be recycled. A more recent use of ionic liquids is their application as a solvent in the synthesis of colloidal inorganic nanoparticles; however, a major challenge in the adoption of ionic liquids is that they are generally more expensive than their traditional organic solvent counterparts. Herein, we provide insight into how recycling an ionic liquid solvent affects the product characteristics in a model colloidal platinum nanoparticle synthesis, the structure of the ionic liquid through each recycle, and the overall cost of nanoparticle fabrication using a techno-economic analysis. Using a standard ionic liquid, 1-butyl-3-methylimidazolium bis(trifluoromethylsulfonyl)imide (BMIM-NTf2), as the solvent for a Pt nanoparticle synthesis, we demonstrate that the ionic liquid can be recovered and reused through multiple successive reactions following the initial reaction with virgin, or as-purchased, ionic liquid. The use of recycled ionic liquid does not cause any degradation in the product quality or change in nanoparticle morphology. Techno-economic analysis of this synthesis method revealed that, through ionic liquid recycling, nanoparticle preparation using BMIM-NTf2 can achieve a cost that is not only competitive but also potentially lower than that of the conventional organic solvent, 1-octadecene.
Solid oxide fuel cell (SOFC)–gas turbine (GT) hybrid systems can produce power at high electrical efficiencies while emitting virtually zero criteria pollutants (e.g., ozone, carbon monoxide, oxides of nitrogen and sulfur, and particulate matters). This study presents new insights into renewable hydrogen (RH 2 )-powered SOFC–GT hybrid systems with respect to their system configuration and techno-economic analysis motivated by the need for clean on-demand power. First, three system configurations are thermodynamically assessed: (I) a reference case with no SOFC off-gas recirculation, (II) a case with cathode off-gas recirculation, and (III) a case with anode off-gas recirculation. While these configurations have been studied in isolation, here we provide a detailed performance comparison. Moreover, a techno-economic analysis is conducted to study the economic competitiveness of RH 2 -fueled hybrid systems and the economies of scale by offering a comparison to natural gas (NG)-fueled systems. Results show that the case with anode off-gas recirculation, with 68.50%-lower heating value (LHV) at a 10 MW scale, has the highest efficiency among the studied scenarios. When moving from 10 MW to 50 MW, the efficiency increases to 70.22%-LHV. These high efficiency values make SOFC–GT hybrid systems highly attractive in the context of a circular economy as they outcompete most other power generation technologies. The cost-of-electricity (COE) is reduced by about 10% when moving from 10 MW to 50 MW, from USD 1976/kW to USD 1668/kW, respectively. Renewable H 2 is expected to be economically competitive with NG by 2030, when the U.S. Department of Energy’s target of USD 1/kg RH 2 is reached.