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At least 37 records · Page 2

GeoRePORT Case Studies - Coso, WSMR, Dixie Valley, and Chena Hot Springs

The Geothermal Resource Portfolio Optimization and Reporting Technique (GeoRePORT) was developed with funding from the U.S. Department of Energy Geothermal Technologies Office to assist in identifying and pursuing long-term investment strategies through the development of a resource reporting protocol. GeoRePORT provides scientists and nonscientists a comprehensive and quantitative means of reporting: (1) features intrinsic to geothermal sites (project grade) and (2) maturity of the development (project readiness). Because geothermal feasibility is not determined by any single factor (e.g., temperature, permeability, permitting), a site?s project grade and readiness are evaluated on 12 attributes pertaining to geological, technical, or socio-economic feasibility. In this paper, we present case studies showing how GeoRePORT can be used to compare geological, technical, and socio-economic attributes between geothermal systems. The consistent and objective assessment protocols used in GeoRePORT allow for comparison of project attributes across unique locations and geological settings. GeoRePORT case studies presented here outline the geological, socio-economic, and technical features of four individual geothermal sites: Coso, Chena, Dixie Valley, and White Sands Missile Range. The case studies illustrate the usefulness of GeoRePORT in evaluating project risk and return, identifying gaps in reported data, evaluating R&D impact, and gathering insights on successes and failures as applicable to future projects.

15 GEOTHERMAL ENERGY↗

Dynamic Asset Allocation with Expected Shortfall via Quantum Annealing

Recent advances in quantum hardware offer new approaches to solve various optimization problems that can be computationally expensive when classical algorithms are employed. We propose a hybrid quantum-classical algorithm to solve a dynamic asset allocation problem where a target return and a target risk metric (expected shortfall) are specified. We propose an iterative algorithm that treats the target return as a constraint in a Markowitz portfolio optimization model, and dynamically adjusts the target return to satisfy the targeted expected shortfall. The Markowitz optimization is formulated as a Quadratic Unconstrained Binary Optimization (QUBO) problem. The use of the expected shortfall risk metric enables the modeling of extreme market events. We compare the results from D-Wave’s 2000Q and Advantage quantum annealers using real-world financial data. Both quantum annealers are able to generate portfolios with more than 80% of the return of the classical optimal solutions, while satisfying the expected shortfall. We observe that experiments on assets with higher correlations tend to perform better, which may help to design practical quantum applications in the near term.

97 MATHEMATICS AND COMPUTING↗

Optimizing equity in energy policy interventions: A quantitative decision-support framework for energy justice

This paper presents a quantitative framework to support policy decision-making around equitable energy interventions. By combining sociodemographic and techno-economic models in the energy space, we propose a linear programming model to calculate the optimal portfolio of energy investments that explicitly minimizes the energy burden of a given population of energy insecure households. The model is formulated as a multi-objective optimization suitable to support the decisions on weatherization and deployment of distributed energy resources. We illustrate our methodology with a case study involving a population of 14,043 energy insecure households in Wayne County, Detroit, United States.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

FORCE-DISPATCHES Integration - Initial Demonstration

Integrated energy systems (IES) combine, in mutually beneficial ways, power from variable renewable energy sources and nuclear power plants (NPP) to improve economic viability under uncertain market and weather conditions. The open-source Framework for Optimization of Resources and Economics (FORCE) tool suite, developed at Idaho National Laboratory (INL), has enabled comprehensive modeling and simulation of IES. The capabilities within FORCE include grid portfolio optimization through the Holistic Energy Resource Optimization Network (HERON) and the transient process model analysis library HYBRID, among others. Continuous efforts and investments from the IES programs have been made to expand and improve the versatility of the FORCE toolset in fiscal year 2022. Code-coupling and cross-tool communication have been important methods for improving this versatility. This report focuses on an additional workflow in the HERON tool for capacity and dispatch stochastic optimization through integration with the external tool Design Integration and Synthesis Platform to Advance Tightly Coupled Hybrid Energy Systems (DISPATCHES). DISPATCHES was primarily developed by the National Energy Technology Laboratory, in collaboration with other national laboratories, which included INL, universities, and industry partners. It is coupled to a library of algebraic models for specific plant components, and to a framework for stochastic optimization different from that provided in the current Risk Analysis Virtual Environment (RAVEN)-running-RAVEN algorithm in HERON. HERON currently conducts stochastic optimization via an outer-inner loop: it optimizes over variable capacity on the outer loop, and at each step within the capacity parameter space, conducts an inner optimization over scenarios (of market signals, demand, and/or weather patterns) and hourly dispatch throughout a user-specified number of years. On the other hand, DISPATCHES conducts stochastic optimization via an “all-at-once” strategy in which capacity variables are optimized at the same level as dispatch variables, as all scenarios are considered at once. The latter method works especially well for projects of limited size and project length, as the necessary computational power and memory increases with the number of variables and scenarios. The new capability to use the DISPATCHES workflow in HERON enhances standalone simulations by leveraging FORCE tools—namely, the economic metrics from the Tool for Economic Analysis (TEAL) and reduced-order model (ROM) sampling from RAVEN. The initial demonstration of the DISPATCHES workflow simulates an existing nuclear-case flowsheet within the DISPATCHES repository—this models a NPP with a secondary revenue stream for hydrogen production. Electrical output from the plant is converted to hydrogen via a proton-exchange membrane (PEM) electrolyzer, hydrogen tanks are used for storage, and an additional turbine is added for hydrogen combustion. Continued work regarding this FORCE-DISPATCHES integration will include automatic generation of DISPATCHES models from HERON inputs, offering analysts the option of using either the RAVEN-runsRAVEN or DISPATCHES workflow to solve technoeconomic optimization problems.

24 POWER TRANSMISSION AND DISTRIBUTION↗

FORCE Integration with DRAFT and IDAES

Integrated energy systems (IES) combine, in mutually beneficial ways, power from variable renewable energy sources and nuclear power plants (NPP) to produce multiple commodities and improve economic viability under uncertain market conditions. Technical and economic analysis of IES requires modeling of complex processes with software models having enough fidelity to capture real-world dynamics while still being capable of running using reasonable computing resources. The open-source Framework for Optimization of Resources and Economics (FORCE) tool suite, developed at Idaho National Laboratory (INL), has enabled comprehensive modeling and simulation of IES. The capabilities within FORCE include grid portfolio optimization through the Holistic Energy Resource Optimization Network (HERON) and the transient process model analysis library HYBRID, among others. Recent developments for the FORCE toolset have centered on strengthening the flexibility and modularity to link with external models and other available software to enhance IES simulations. Adding versatility to the FORCE toolset improves capability resulting in better techno-economic simulation of nuclear and IES components (both in potential higher fidelity and accuracy to expected performance after deployment). It also helps leverage existing work in the IES field and improve efficiency in national code development. This report focuses on two such endeavors: integration of the Dynamic Reliability Analysis Framework Tool (DRAFT) and the Design Integration and Synthesis Platform to Advance Tightly Coupled Hybrid Energy Systems (DISPATCHES) software packages into FORCE.

97 MATHEMATICS AND COMPUTING↗

Optimizing district energy systems under uncertainty: Insights from a case study from Washington D.C., USA

This study investigates solutions for delivering affordable heating and cooling to a brownfield site, focusing on a case study in Washington, DC. Moving towards more diverse and resilient energy systems, we identify the optimal portfolio for a district energy system with diverse energy sources to meet the area’s energy demands. Our methodological approach integrates two detailed models: one calculating building-level energy demand and the other optimizing district energy technology choices based on their demand profiles, accounting for uncertainties in energy prices, policies, and other parameters. The results provide an economic comparison of district and individual supply options at the building level, emphasizing the flexibility district systems can offer to the electricity sector. District energy systems demonstrate cost-stabilization benefits amidst volatile energy prices and external uncertainties. For heating, district systems yield significant cost savings compared to individual solutions, driven by fuel flexibility and the use of local renewable energy sources. For cooling, district systems also show advantages, though individual systems may remain more cost-effective for smaller buildings. Additionally, district systems exhibit considerable flexibility on the heating side, as evidenced by variations in electricity consumption. We recommend future research to explore the relationship between the economics of district energy systems, particularly at the building level, and their flexibility potential for the electricity sector across diverse geographic contexts to reduce overall grid costs and promote grid reliability. This includes areas with distinct zoning laws, municipal priorities, utility structures, and funding mechanisms, such as the United States, and regions like Europe with pronounced electricity price volatility.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Computational Support for Technology- Investment Decisions

Strategic Assessment of Risk and Technology (START) is a user-friendly computer program that assists human managers in making decisions regarding research-and-development investment portfolios in the presence of uncertainties and of non-technological constraints that include budgetary and time limits, restrictions related to infrastructure, and programmatic and institutional priorities. START facilitates quantitative analysis of technologies, capabilities, missions, scenarios and programs, and thereby enables the selection and scheduling of value-optimal development efforts. START incorporates features that, variously, perform or support a unique combination of functions, most of which are not systematically performed or supported by prior decision- support software. These functions include the following: Optimal portfolio selection using an expected-utility-based assessment of capabilities and technologies; Temporal investment recommendations; Distinctions between enhancing and enabling capabilities; Analysis of partial funding for enhancing capabilities; and Sensitivity and uncertainty analysis. START can run on almost any computing hardware, within Linux and related operating systems that include Mac OS X versions 10.3 and later, and can run in Windows under the Cygwin environment. START can be distributed in binary code form. START calls, as external libraries, several open-source software packages. Output is in Excel (.xls) file format.

Adumitroaie, Virgil↗

Economical and Engineering Aspects of Proactive Demand Participation: Centralized versus Bilateral Control Structure

The electric grid of the U.S. is evolving from a system characterized by large and centralized fossil-fueled power plants and passive customers to a network with high penetration of distributed energy resources and proactive customers. This project facilitated the evolution of the U.S. electric power grid by enabling proactive participation of demands in electricity market at the power distribution system level. This project has three major achievements. First, we designed a centralized distribution system operator managed electricity market and developed a three-phase alternating current optimal power flow algorithm to coordinate the operation of large-scale flexible loads and distributed energy resources. Second, we designed a decentralized bilateral coordinate framework for retail electricity market, where each participating customer is capable of making decisions regarding energy production and consumption based on information received from transactive neighbors. Third, the impacts of centralized and decentralized demand-side participation scheme on power system operations were evaluated with both large-scale simulations and hardware-in-the-loop demonstrations. The major activities and specific accomplishments of the technical tasks are summarized in Section II. The detailed design of centralized/hierarchical and decentralized/bilateral retail electricity markets and the comparison between the two markets are described in Section III. The accomplishments and conclusions of the project are presented in Section IV. The major findings of the project falls into three areas, hierarchical distribution system operator managed electricity market, bilateral electricity market and decentralized market coordination, and comparison of centralized and decentralized market coordination mechanisms. In the area of hierarchical distribution system operator managed electricity market design, an integrated wholesale and retail electricity market was shown to be highly effective in extracting the operational flexibility from distributed energy resources to provide services to the wholesale market. A chordal conversion based convex iteration algorithm is not only computationally efficiency but also achieves global optimal solution in coordinating the operations of a large number of heterogeneous distributed energy resources.In the area of decentralized market coordination approach, we showed that bilateral transactions among proactive customers and decentralized transaction clearing mechanism based on simultaneous second-price sealed-bid auction can encourage truthful bidding strategies from the market participations. In addition, the individual customers can rely on a portfolio optimization approach to maximize their returns while minimizing risks. In the area of comparison of centralized and decentralized market coordination mechanisms, we found that the centralized market design results in higher social welfare and lower wholesale market clearing price for electricity. In general, centralized market design favors distributed energy resources and fixed loads. The decentralized market design mostly benefits flexible loads and conventional generators.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Justice 40 Tool (J40 Tool) v1.0

The Justice 40 tool provides a quantitative framework to support decision-making around equitable energy interventions at the community level. The tool calculates the optimal portfolio of policy interventions that explicitly mitigates energy insecurity of an eligible population, by reducing its disproportionate energy burden. The place-based analysis assumes a spatial census tract-level resolution and distinguishes different sociodemographic groups within each tract. Instead of focusing on a specific technology, the underlying J40 model captures the combined effect of a set of policy interventions, currently including weatherization, rooftop solar, community solar and community wind. For each tract, the model chooses the optimal (least cost) combination of interventions to address the disproportionate burden, considering the specific population demographics and techno-economic potentials of technologies. Mathematically, this problem is formalized as an optimization model and formulated as a linear program.

Heleno, Miguel↗

Methodology Development for Assessment of Spaceport Technology Returns and Risks

As part of Kennedy Space Center's (KSC's) challenge to open the space frontier, new spaceport technologies must be developed, matured and successfully transitioned to operational systems. R&D investment decisions can be considered from multiple perspectives. Near mid and far term technology horizons must be understood. Because a multitude of technology investment opportunities are available, we must identify choices that promise the greatest likelihood of significant lifecycle At the same time, the costs and risks of any choice must be well understood and balanced against its potential returns The problem is not one of simply rank- ordering projects in terms of their desirability. KSC wants to determine a portfolio of projects that simultaneously satisfies multiple goals, such as getting the biggest bang for the buck, supporting projects that may be too risky for private funding, staying within annual budget cycles without foregoing the requirements of a long term technology vision, and ensuring the development of a diversity of technologies that, support the variety of operational functions involved in space transportation. This work aims to assist in the development of in methods and techniques that support strategic technology investment decisions and ease the process of determining an optimal portfolio of spaceport R&D investments. Available literature on risks and returns to R&D is reviewed and most useful pieces are brought to the attention of the Spaceport Technology Development Office (STDO). KSC's current project management procedures are reviewed. It is found that the "one size fits all" nature of KSC's existing procedures and project selection criteria is not conducive to prudent decision-making. Directions for improving KSC's - procedures and criteria are outlined. With help of a contractor, STDO is currently developing a tool, named Change Management Analysis Tool (CMAT)/ Portfolio Analysis Tool (PAT), to assist KSC's R&D portfolio determination. A critical review of CMAT/PAT is undertaken. Directions for the improvement of this tool are provided. STDO and KSC intend to follow up on many, if not all, of the recommendations provided.

Joglekar, Prafulla↗

The Role and Value of Interregional Transmission in a Decarbonized U.S. Electricity System

Decarbonizing the U.S. energy system entails a significant expansion of wind and solar power and electrification of end-use applications. Achieving both is more efficient and less costly when interregional transmission capacity is expanded, but the fractured nature of grid planning in the United States is often a barrier to such expansion. Here, we explore the role of interregional transmission under a variety of decarbonization scenarios, using a capacity-expansion model to generate co-optimized portfolios of generation, storage, and transmission that meet decarbonization targets and electrification-driven demand. We explore portfolio and cost differences across 92 scenarios, from scenarios with limited transmission expansion to those that include a meshed high-voltage direct current (HVDC) network. In the core decarbonization scenarios, wind capacity expands by ~10x and solar by ~20x compared to 2020, hundreds of gigawatts of battery storage are deployed, and interregional transmission expands by 3-6x. Transmission expansion occurs nationwide but is concentrated between the central "wind belt" and eastern load centers. The HVDC scenarios result in hundreds of billions of dollars of savings in total system cost, demonstrating the economic benefits of interregional transmission in support of rapid decarbonization.

capacity expansion↗

Classical versus quantum models in machine learning: insights from a finance application

Although several models have been proposed towards assisting machine learning (ML) tasks with quantum computers, a direct comparison of the expressive power and efficiency of classical versus quantum models for datasets originating from real-world applications is one of the key milestones towards a quantum ready era. Here, we take a first step towards addressing this challenge by performing a comparison of the widely used classical ML models known as restricted Boltzmann machines (RBMs), against a recently proposed quantum model, now known as quantum circuit Born machines (QCBMs). Both models address the same hard tasks in unsupervised generative modeling, with QCBMs exploiting the probabilistic nature of quantum mechanics and a candidate for near-term quantum computers, as experimentally demonstrated in three different quantum hardware architectures to date. To address the question of the performance of the quantum model on real-world classical data sets, we construct scenarios from a probabilistic version out of the well-known portfolio optimization problem in finance, by using time-series pricing data from asset subsets of the S&P500 stock market index. It is remarkable to find that, under the same number of resources in terms of parameters for both classical and quantum models, the quantum models seem to have superior performance on typical instances when compared with the canonical training of the RBMs. Our simulations are grounded on a hardware efficient realization of the QCBMs on ion-trap quantum computers, by using their native gate sets, and therefore readily implementable in near-term quantum devices.

97 MATHEMATICS AND COMPUTING↗

Play Fairway Analysis Retrospective GeoRePORTs

NREL, as part of the Play Fairway Analysis (PFA) Retrospective and with assistance from PFA PIs, completed GeoRePORTs for the sites identified in Phases 1&2 of the DOE PFA projects. The GeoRePORT (geothermal resource portfolio optimization and reporting technique) uses two factors to describe a specific project; grade and project readiness level. Grade describes the quality or potential of a project while project readiness level shows the progress of research and development. The categories that factor into the total grades and readiness levels are Geological, Technical, and Socio-Economic.

15 GEOTHERMAL ENERGY↗

Dataset for report: Non-Technical Barriers to Geothermal Development in California and Nevada

In California and Nevada, geothermal projects are subject to non-technical barriers, which may create development delays leading to higher project costs and risks and decreased competitiveness with other electricity generation technologies. These non-technical barriers may include federal and state permits, authorizations, environmental reviews, and other regulatory requirements that are applicable throughout different phases of geothermal project development. The 2022 National Renewable Energy Laboratory (NREL) report, "Non-Technical Barriers to Geothermal Development in California and Nevada" presents findings of a study on non-technical barriers that may influence geothermal project development. The set of data resources relied upon for the report includes: 1) interviews conducted with relevant geothermal stakeholders including regulators and project developers, 2) federal and state environmental review documents developed for specific projects, 3) a techno-economic analysis conducted using the NREL Annual Technology Baseline (ATB) framework, and 4) an analysis of the impacts of site-specific land access and permitting considerations on project development readiness conducted using the Geothermal Resource Portfolio Optimization and Reporting Technique (GeoRePORT) Socioeconomic Assessment Tool (SEAT).

15 GEOTHERMAL ENERGY↗

GeoRePORT Protocol Volume I: Background Document

The U.S. Department of Energy’s (DOE’s) Geothermal Technologies Office (GTO) uses various metrics to track and measure impacts of its funding meant to catalyze innovation and private investment. As an example, one GTO goal is to “accelerate development of…undiscovered hydrothermal resources” (Williams et al. 2008a). For goals to be useful, however, it is important to be able to develop and measure baseline values, as well as incremental improvements, both at the individual project and aggregated portfolio levels. This need was the driving force behind the development of the Geothermal Resource Portfolio Optimization and Reporting Technique (GeoRePORT).

15 GEOTHERMAL ENERGY↗

Least-cost Optimal Distribution Grid Expansion (LODGE): Utility Pilots

The Least-cost Optimal Distribution Grid Expansion (LODGE) model provides the optimal portfolio of distribution system upgrades—e.g., voltage regulators, feeder reconductoring, transformer upgrades and non-wires alternatives (NWA), such as strategic siting of storage and distributed generation—to interconnect distributed energy resources (DERs) and enable load growth. It can be used to assess grid infrastructure costs and explore policy and regulatory solutions for distribution planning and DER valuation.In 2025, Berkeley Lab conducted three pilot analyses to validate LODGE results with empirical utility data before the model’s first release in 2026. The pilots, done with utilities in Washington, Colorado, and New Mexico, provide examples that illustrate how the model works, what it can do, and the value of the analysis.

Heleno, Miguel↗

A Risk-Averse Approach for Distribution Grid Expansion Planning

Recent episodes of natural disasters have challenged the resilience of power grids. Adequate distribution grid planning that properly captures the risk aversion of the utility system planner is a key factor to increase the flexibility of distribution networks to circumvent these events. In this paper, we propose a methodology to determine the optimal portfolio of investments in lines and storage devices in order to minimize a convex combination between expected value and CVaR of operational costs, including energy not served, while taking into account the multistage nature of the energy storage management within this context. While the expected value of energy not served has been traditionally employed to tackle routine failures, we also minimize the CVaR of energy not served to address high-impact, low-probability (HILP) events. We illustrate the performance of the proposed methodology with a 54-Bus system test case.

24 POWER TRANSMISSION AND DISTRIBUTION↗