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Energy sector portfolio analysis with uncertainty

Governments are dealing with the challenge of how to efficiently invest in research and development portfolios related to energy technologies. Research and development investment decisions in the energy space are especially difficult due to numerous risks and uncertainties, and due to the complexity of energy's interactions with the broad economy. Historically, much of the U.S. Department of Energy's in-depth research and development analyses focused on assessing the impact of a research and development activity in isolation from other available opportunities and did not substantially consider risk and uncertainty. Endeavoring to combine integrated energy-economy modeling with uncertainty analysis and technology-specific research and development activities, the U.S. Department of Energy commissioned the development of the Stochastic Energy Deployment System to support and improve public energy research and development decision-making. The Stochastic Energy Deployment System draws from expert-elicited probability distributions for research and development-driven improvements in technology cost and performance, and it uses Monte Carlo simulations to evaluate the likelihood of outcomes within a system dynamics energy-economy model. The framework estimates the uncertain benefits and costs of various research and development portfolios and provides insight into the probability of meeting national technology goals, while accounting for interactions with the larger economy and for interactions among research and development investments spanning many energy sectors.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 12. Synthesis

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter reviews high-level findings, costs, benefits, and lessons learned from integrating this diverse suite of models and conducting a high-fidelity 100% renewable energy study.

100% Renewable↗

Feasibility Analysis for the Use of Retrofitted Air-Conditioners Using Thermal Energy Storage (TES) for High Ambient Temperature (HAT) Countries

In high ambient temperature (HAT) countries, summer temperatures exceed 35℃, degrading the performance of air-conditioning systems and straining power grids. In this paper, a feasibility analysis was conducted to investigate potential savings during the peak using latent Thermal Energy Storage (TES) at near room phase-change temperatures, replacing condensers, thus, minimizing temperature lifts. Weather data, building loads, and baseline air-conditioning systems data were gathered for Dubai. A transient vapor-compression model in Modelica was used to compare the COP, total power input and cooling capacity of the air-conditioner at peak hours when ambient temperatures range between 35 – 45 ⁰C versus the TES-Phase-Change Material (PCM) melting temperatures from 22 – 28⁰C. The results indicate that the TES-PCM can enhance the system COP at the peak by a factor 1.4 and 2 for during for outdoor temperatures of 35 – 40⁰C, and 40 – 45⁰C, respectively. Lower melting temperature PCMs were able to reduce the required power input by 30-50%, with more savings occurring at higher temperature days. On the other hand, higher temperature PCMs enhancements were minimal especially at outdoor ambient temperatures ranging between 35 – 40⁰C. Improvements to the cooling capacity range from 8 – 18 % for the outdoor temperature range of 35 – 45 ⁰C. An economic analysis was conducted to find the potential saving in utility costs for 30%, 60%, and 90% of the space cooling demands of Dubai, and find the trade-off points between utility savings and cost of PCM-TES implementation. If the peak loads are to be shifted by 6 hours daily, the percentage utility savings for the city is 18%. Using estimated costs of the PCM-TES, ranging from $200-500/kWh, the daily load shifting hours were estimated to range from 4 hours at the lowest cost systems to 2.5 hours at the highest costs.

25 ENERGY STORAGE↗

On the convergence of an IEQ-based first-order semi-discrete scheme for the Beris-Edwards system

We present a convergence analysis of an unconditionally energy-stable first-order semi-discrete numerical scheme designed for a hydrodynamic Q-tensor model, the so-called Beris-Edwards system, based on the Invariant Energy Quadratization Method (IEQ). The model consists of the Navier–Stokes equations for the fluid flow, coupled to the Q-tensor gradient flow describing the liquid crystal molecule alignment. By using the Invariant Energy Quadratization Method, we obtain a linearly implicit scheme, accelerating the computational speed. However, this introduces an auxiliary variable to replace the bulk potential energy and it is a priori unclear whether the reformulated system is equivalent to the Beris-Edward system. In this work, we prove stability properties of the scheme and show its convergence to a weak solution of the coupled liquid crystal system. We also demonstrate the equivalence of the reformulated and original systems in the weak sense.

Weber, Franziska↗

Electrification of Pakistan's Transport System: Modeling Electric Vehicle Penetration and Energy Supply Chain Impacts

Initial analysis of the National Electric Vehicle Policy (NEVP) of Pakistan was undertaken by an integrated energy planning team from November 2019 through August 2020. This technical reference document seeks to present the background, inputs and assumptions, methodology, and results of the policy analysis in detail. The intended audience is the technical modeler, analyst, or reviewer who seeks to understand specifically the modeling effort within this initial analytical phase, with the end-goal of interpreting, re-producing, or modifying the simulations or extending the models to conduct follow-on studies subsequently. These studies may examine in greater detail the energy sector, impacts to emissions, charging station infrastructure needs, and overall benefits-cost trade of the policy, among other areas of interest.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 1. Introduction

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter introduces the study.

100% Renewable↗

Connecting ground-state properties of 6 Li to each other and to scattering data

We examine the relationship between the asymptotic normalization coefficient (ANC) of 6 Li and other low-energy observables in the α–deuteron system. Our analysis uses a set of calculations carried out within the ab initio no core shell model with continuum (NCSMC) using a variety of inter-nucleon interactions and basis sizes, and yielding 6 Li deuteron separation energies between 1.3 and 1.8 MeV (Hebborn et al 2022 Phys. Rev. Lett. 129 042503). These NCSMC calculations show that the square of the ANC is strongly correlated with the separation energy over this range. In this work, we investigate the origin of this correlation using the phenomenological R-matrix, a single-channel potential and a perturbative approach. We show that this correlation occurs because the depth of the α–deuteron central potential changes by only a small relative amount as the separation energy varies. We then investigate if the ANC can be accurately extracted from α–deuteron phase shifts in an ideal case in which low-energy data are available and there are no experimental errors. We find that both R-matrix and Coulomb-modified effective-range theory (CM-ERE) yield extracted ANCs close to, although not exactly equal to, the NCSMC value, provided the extrapolation is constrained by the known position of the bound-state pole and at least three terms are included in the fit function. The R-matrix approach converges faster than the CM-ERE as the number of parameters increases and is also more robust against the inclusion of low-energy and high-energy phase shift data. Finally, our study also shows that a naive quantification of uncertainties by comparing different truncations used in both theories is not accurate, and suggests the accuracy of ANCs extracted from phase shift data needs further investigation.

R-matrix↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 11. Economic Impacts and Jobs

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter reviews economic impacts, including local net economic impacts and gross workforce impacts.

100% Renewable↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 2. Study Approach

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter describes the LA100 study approach, including the modeling framework and scenarios.

100% Renewable↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 8. Greenhouse Gas Emissions

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter summarizes greenhouse gas emissions from power, buildings, and transportation sectors, along with the potential costs of those emissions.

100% Renewable↗

Dual Purpose – Heating & Cooling – Thermal Battery for Flexible and Energy-Efficient Heat Pump Systems

The integration of heat pumps with thermal energy storage (HP-TES) systems is gaining attention as a viable solution for managing peak building demand driven by immense cooling and heating loads. With growing reliance on renewable energy sources, thermal energy storage offers an excellent opportunity to mitigate mismatches in thermal load between energy supply and demand. The use of phase-change material (PCM) TES is especially promising, as PCMs offer significant latent energy storage capacity with smaller temperature glides in smaller volumes compared to other TES technologies. However, challenges arise because current HP-TES architectures can load-shift only cooling or heating, not both, requiring two systems and thus doubling cost, weight, and footprint. Furthermore, current research efforts lack specific tools and techniques to advance integrated systems from concept design to end-user application, focusing on only discharge performance. To address these challenges, this research proposes a dual-mode (heating and cooling) integrated HP-TES system that uses room-temperature PCM-TES as a high-temperature heat source in heating mode and a low-temperature heat sink in cooling mode, thereby reducing temperature lifts and compressor power. Design criteria for PCM-TES heat exchangers were developed, balancing thermal-hydraulic performance with practical constraints such as available building space and weight requirements along with PCM selection considerations such as shipping conditions, moisture exposure, and number of available cycles. A detailed transient model for HP-TES systems was developed to enable rapid annual performance assessments in any US climate zone.

42 ENGINEERING↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 10. Environmental Justice

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter explores implications for environmental justice, including procedural and distributional justice, with an in-depth review of how projections for customer rooftop solar and health benefits vary by census tract.

100% Renewable↗

The Los Angeles 100% Renewable Energy Study (LA100): Executive Summary

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download.

100% renewable↗

The Los Angeles 100% Renewable Energy Study (LA100): Chapter 4. Customer-Adopted Rooftop Solar and Storage

The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter explores the technical and economic potential for rooftop solar in LA, and how much solar and storage might be adopted by customers.

100% Renewable↗

Energy System Transitions and Low-Emission Pathways in Australia, Brazil, Canada, China, EU-28, India, Indonesia, Japan, Republic of Korea, Russia, and United States

The Paris Agreement invited Parties to submit long-term, low-emission development strategies. This study presents national low-emission scenarios to inform such strategies for Australia, Brazil, Canada, China, EU, India, Indonesia, Japan, Russia, Republic of Korea and the USA. The study uses country-level energy–economy and integrated assessment models (IAMs) that incorporate detailed and disaggregated representations of the energy demand and supply systems that are difficult to capture in global IAMs. Models were used to explore low-carbon pathways up to 2050, providing insights in their implications for country emissions, energy system restructuring, energy–economy indicators and system costs. The analysis shows that the low-carbon scenarios of most economies studied here are consistent with pathways limiting global warming to below 2 °C.

Fragkos, Panagiotis↗

Global Energy System Transitions

Energy systems power the world’s economies. They are pivotal to providing sustained economic prosperity that provides the goods and services that humans desire. Climate change is intimately linked with energy systems, because CO2 from fossil fuel use is the most important anthropogenic greenhouse gas emitted to the atmosphere, and cumulative anthropogenic emissions determine Earth’s concentration of CO2. Limiting climate change therefore means that global energy systems must reduce net CO2 emissions to zero and stabilize emissions of other GHGs. We compare energy system pathways as they are currently evolving with alternatives that have the potential to limit climate change over the 21st century. The differences are profound. Here we also discuss some frontier research issues that can provide a better understanding of potential pathways and their implications for decisions makers.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗