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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.

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At least 451 records · Page 25
All sourcesNASA NTRSDOE OSTI
DOE OSTI2021

Using concentrating-solar-power plants as economic carbon-free capacity resources

Deep decarbonization of electricity systems raises concerns about the need for generating capacity that can maintain reliable energy supply. Given this concern, we explore the ability of concentrating-solar-power plants with thermal energy storage to provide a carbon-free source of such capacity. We develop an approach to assessing the capacity contribution of concentrating-solar-power plants that considers future systems. Such considerations are important, because of potential differences in net-load patterns compared to today (e.g., due to higher renewable-energy penetrations). Using historical data spanning an 18-year period, we demonstrate that concentrating-solar-power plants with thermal energy storage can provide this necessary capacity with little impact on their financial viability. We examine the impact of myopic decisions and imperfect foresight of future system conditions on the operation of concentrating-solar-power plants and the resultant impact on their capacity contributions. We find that imperfect foresight can have limited impacts on such a use of concentrating-solar-power plants, so long as proper forecasting techniques are developed and used. Overall, our work shows that concentrating-solar-power plants with thermal energy storage may have a role to play in delivering reliable electricity supply in a decarbonized energy system.

14 SOLAR ENERGY↗
DOE OSTI2026

Calibration of urban building energy model using smart meter data for district peak load prediction

Urban building energy modeling (UBEM) is a powerful approach to assessing baseline building energy performance and retrofits with new technologies across building stocks in cities. However, the accuracy of UBEM is often constrained by the limited availability of reliable data about building characteristics and operations, such as envelope efficiency levels, HVAC system performance, and end-use load patterns. Existing research has performed UBEM calibration using annual or monthly energy consumption data, which falls short when higher-resolution time series applications are needed, such as peak load prediction for utility operation planning. This study presents a new framework for calibrating building energy models at urban scale using smart meter data, targeting the accurate prediction of summer peak electricity loads to support robust grid planning. The framework first integrates various data sources to enhance baseline input assumptions for building models, and then calibrates the baseline models through a pattern-matching approach. A case study using CityBES and two years of AMI data from over 9000 residential customers in Portland, Oregon, demonstrated the workflow and its effectiveness. The calibrated models achieved a daily peak load mean absolute percentage error of 2.6 % during the heatwave in the calibration year, and 2.0 % in the validation year using another year of AMI data. Using the calibrated models, we analyzed the demand flexibility potential of the district building stock as an application of UBEM calibration. The findings affirm the appropriate use of UBEM for peak electric load forecasting and demand side management at the utility distribution system level.

AMI data↗
DOE OSTI2023

Projecting Future Energy Production from Operating Wind Farms in North America. Part III: Variability

Abstract Daily expected wind power production from operating wind farms across North America are used to evaluate capacity factors (CF) computed using simulation output from the Weather Research and Forecasting (WRF) Model and to condition statistical models linking atmospheric conditions to electricity production. In Parts I and II of this work, we focus on making projections of annual energy production and the occurrence of electrical production drought. Here, we extend evaluation of the CF projections for sites in the Northeast, Midwest, southern Great Plains (SGP), and southwest U.S. coast (SWC) using statewide wind-generated electricity supply to the grid. We then quantify changes in the time scales of CF variability and the seasonality. Currently, wind-generated electricity is lowest in summer in each region except SWC, which causes a substantial mismatch with electricity demand. While electricity of residential heating may shift demand, research presented here suggests that summertime CF are likely to decline, potentially exacerbating the offset between seasonal peak power production and current load. The reduction in summertime CF is manifest for all regions except the SGP and appears to be linked to a reduction in synoptic-scale variability. Using fulfillment of 50% and 90% of annual energy production to quantify interannual variability, it is shown that wind power production exhibits higher (earlier fulfillment) or lower (later fulfillment) production for periods of over 10–30 years as a result of the action of internal climate modes. Significance Statement Electrical power system reassessment and redesign may be needed to aid efficient increased use of variable renewables in the generation of electricity. Currently wind-generated electricity in many regions of North America exhibits a minimum in summertime and hence is not well synchronized with electricity demand, which tends to be maximized in summer. Future projections indicate evidence of reductions in wind power during summer that would amplify this offset. However, electrification of heating may lead to increased wintertime demand, which would lead to greater synchronization.

Coburn, Jacob↗
DOE OSTI2022

2.2.5.401 - Ocean Observing Prize

The Powering the Blue Economy: Ocean Observing Prize is a $2.4M contest that challenges innovators to develop solutions that integrate marine renewable energy with ocean observation platforms to revolutionize our ability to monitor, manage, and understand the ocean. Competitors are challenged to design, build, and test novel, wave-powered, self-charging autonomous underwater vehicle (AUV) systems that could be suitable for a 6-month deployment in the Atlantic Ocean to monitor hurricane formation. Through engagement with the end user ocean observing community, the team identified challenges in a lack of data on storm intensity, endangering coastal communities. This challenge could be addressed by collecting data before, during, and after a hurricane develops and strengthens at sea. Amassing this data, however, requires an ocean observing system that can be deployed at sea for long periods, waiting for approaching storms. To help solve this problem, competitors are working to integrate wave energy capture with AUV systems to collect this data, helping to better protect coastal communities from oncoming storms. Solutions developed through this prize aim to enable long-term collection of data before, during, and after a hurricane that will help better forecast storm intensity. The prize mechanism provides an environment to accelerate technology development for innovators and helps to improve awareness of marine energy and its ability to provide power to blue economy applications.

coastal communities↗
DOE OSTI2023

A Methodology for Estimating the Energy and Moisture Budget of the Convective Boundary Layer Using Continuous Ground-Based Infrared Spectrometer Observations

Abstract Land–atmosphere interactions play a critical role in both the atmospheric water and energy cycles. Changes in soil moisture and vegetation alter the partitioning of surface water and energy fluxes, influencing diurnal evolution of the planetary boundary layer (PBL). The mixing-diagram framework has proven useful in understanding the evolution of the heat and moisture budget within the convective boundary layer (CBL). We demonstrate that observations from the Department of Energy Atmospheric Radiation Measurement (ARM) Southern Great Plains site provide all of the needed inputs needed for the mixing-diagram framework, allowing us to quantify the impact from the surface fluxes, advection, radiative heating, encroachment, and entrainment on the evolution of the CBL. Profiles of temperature and humidity retrieved from the ground-based infrared spectrometer [Atmospheric Emitted Radiance Interferometer (AERI)] are a critical component in this analysis. Large-eddy simulation results demonstrate that mean mixed-layer values derived are shown to be critical to close the energy and moisture budgets. A novel approach demonstrated here is the use of network of AERIs and Doppler lidars to quantify the advective fluxes of heat and moisture. The framework enables the estimation of the entrainment fluxes as a residual, providing a way to observe the entrainment fluxes without using multiple lidar systems. The high temporal resolution of the AERI observations enables the morning, midday, and afternoon evolution of the CBL to be quantified. This work provides a new way to use observations in this framework to evaluate weather and climate models. Significance Statement The energy and moisture budget of the planetary boundary layer (PBL) is influenced by multiple sources, and accurately representing this evolution in numerical models is critical for weather forecasts and climate predictions. The mixing-diagram approach, driven by profiling observations as illustrated here, provides a powerful way to quantify the contributions from each of these sources. In particular, the energy and moisture mixed into the PBL from above the PBL can be determined accurately from ground-based remote sensors using this approach.

54 ENVIRONMENTAL SCIENCES↗
DOE OSTI2022

The High Latitude Spectroscopic Survey on the Nancy Grace Roman Space Telescope

The Nancy Grace Roman Space Telescope will conduct a High Latitude Spectroscopic Survey (HLSS) over a large volume at high redshift, using the near-IR grism (1.0–1.93 μm, R = 435–865) and the 0.28 deg 2 wide-field camera. We present a reference HLSS that maps 2000 deg 2 and achieves an emission-line flux limit of 10 -16 erg s -1 cm -2 at 6.5σ, requiring ~0.6 yr of observing time. We summarize the flowdown of the Roman science objectives to the science and technical requirements of the HLSS. We construct a mock redshift survey over the full HLSS volume by applying a semianalytic galaxy formation model to a cosmological N-body simulation and use this mock survey to create pixel-level simulations of 4 deg 2 of HLSS grism spectroscopy. We find that the reference HLSS would measure ~10 million H α galaxy redshifts that densely map large-scale structure at z = 1–2 and 2 million [O III] galaxy redshifts that sparsely map structures at z = 2–3. We forecast the performance of this survey for measurements of the cosmic expansion history with baryon acoustic oscillations and the growth of large-scale structure with redshift-space distortions. We also study possible deviations from the reference design and find that a deep HLSS at f line > 7 × 10 -17 erg s -1 cm -2 over 4000 deg 2 (requiring ~1.5 yr of observing time) provides the most compelling stand-alone constraints on dark energy from Roman alone. This provides a useful reference for future optimizations. The reference survey, simulated data sets, and forecasts presented here will inform community decisions on the final scope and design of the Roman HLSS.

79 ASTRONOMY AND ASTROPHYSICS↗
DOE OSTI2026

Storing Affordability: Battery Storage as an Asset to Reduce Data Center Cost Shifts

This report examines how battery energy storage systems (BESS) can help utilities accommodate large load growth while protecting affordability for existing ratepayers. Rapid growth in electricity demand from artificial intelligence (AI) data centers is straining the U.S. grid. Furthermore, many new data centers are entering rural markets, which could offer economic benefits but may also pose implementation challenges for smaller utilities. At the same time, retail electricity prices are increasing faster than inflation, elevating customer affordability as a key challenge. While data centers have not been the primary driver of increases in residential prices to date, they have pushed wholesale energy and capacity prices higher in several markets. Fundamental utility cost-allocation principles show that data center growth can be rate-positive for existing customers only if new peak demand grows faster than the costs a utility must incur to serve it. Several factors, including a utility’s degree of wholesale market exposure, forecast uncertainty and stranded-asset risk, and tariff design can determine the outcome of load growth on retail rates. Energy storage can make several affordability contributions in the face of this landscape of uncertainty and market volatility, including deferral of higher-cost grid investments through improved utilization of existing assets and flexibility of new large loads, insulation from volatile wholesale prices through peak shaving, and reliability support to address grid risks stemming from the behavior of AI data center loads. Different potential BESS deployment pathways—utility-scale front-of-the-meter systems, aggregated small-scale storage installations, and data center-sited behind-the-meter storage—are compared against each other and against conventional capacity alternatives. This framework is intended as a conceptual resource to utilities, particularly smaller public utilities with rural service territories, who may be considering the role that energy storage can play in insulating existing ratepayers from data center cost shifts.

25 ENERGY STORAGE↗
DOE OSTI2020

Power and Wind Shear Implications of Large Wind Turbine Scenarios in the US Central Plains

Continued growth of wind turbine physical dimensions is examined in terms of the implications for wind speed, power and shear across the rotor plane. High-resolution simulations with the Weather Research and Forecasting model are used to generate statistics of wind speed profiles for scenarios of current and future wind turbines. The nine-month simulations, focused on the eastern Central Plains, show that the power scales broadly as expected with the increase in rotor diameter (D) and wind speeds at hub-height (H). Increasing wind turbine dimensions from current values (approximately H = 100 m, D = 100 m) to those of the new International Energy Agency reference wind turbine (H = 150 m, D = 240 m), the power across the rotor plane increases 7.1 times. The mean domain-wide wind shear exponent (α) decreases from 0.21 (H = 100 m, D = 100 m) to 0.19 for the largest wind turbine scenario considered (H = 168 m, D = 248 m) and the frequency of extreme positive shear (α > 0.2) declines from 48% to 38% of 10-min periods. Thus, deployment of larger wind turbines potentially yields considerable net benefits for both the wind resource and reductions in fatigue loading related to vertical shear.

17 WIND ENERGY↗
DOE OSTI2023

Stochastic Price Generation for Evaluating Wholesale Electricity Market Bidding Strategies

This work presents a novel method for generating electricity price scenarios from statistical properties of past electricity prices using a hybrid statistical and reduced-form stochastic model. Previous work in applying stochastic differential equations (SDE) to model electricity prices has focused on daily average prices. To extend stochastic price generation methods to hourly or sub-hourly pricing, we address several weaknesses in the state-of-the-art: (1) we replace the mean-reversion component of the SDE with an ARIMA process that is better able to characterize the daily and weekly trends; (2) we extend the price-spike, or jump process to account for conditional probabilities of price spikes occurring in consecutive time steps by replacing the traditional Poisson process for modeling jumps with a generalized point process model inspired by brain neuron models; and (3) we replace the traditional method of estimating spike intensity with empirical variance with a Markov process based on observed price spike intensity transitions. The method is demonstrated with electricity prices from the US ERCOT market and a use-case example is provided for bidding an energy storage unit into the day-ahead and real-time energy markets of ERCOT using stochastic optimization methods. Results show that the the synthetic price model out performs a (naive) persistence forecast model by resulting in 24% to 47% more in profits over 168 simulated days.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2023

Dynamically Downscaled Hourly Future Weather Data with 12-km Resolution Covering Most of North America

This is an hourly future weather dataset for energy modeling applications. The dataset is primarily based on the output of a regional climate model (RCM), i.e., the Weather Research and Forecasting (WRF) model version 3.3.1. The WRF simulations are driven by the output of a general circulation model (GCM), i.e., the Community Climate System Model version 4 (CCSM4). This dataset is in the EPW format, which can be read or translated by more than 25 building energy modeling programs (e.g., EnergyPlus, ESP-r, and IESVE), energy system modeling programs (e.g., System Advisor Model (SAM)), indoor air quality analysis programs (e.g., CONTAM), and hygrothermal analysis programs (e.g., WUFI). It contains 13 weather variables, which are the Dry-Bulb Temperature, Dew Point Temperature, Relative Humidity, Atmospheric Pressure, Horizontal Infrared Radiation Intensity from Sky, Global Horizontal Irradiation, Direct Normal Irradiation, Diffuse Horizontal Irradiation, Wind Speed, Wind Direction, Sky Cover, Albedo, and Liquid Precipitation Depth. The weather data is created for two emissions scenarios: RCP4.5 and RCP8.5 and spans two 10-year time slices in the future: 2045 - 2054 and 2085 - 2094. It offers a spatial resolution of 12 km by 12 km with extensive coverage across most of North America. Due to the enormous size of the entire dataset, in the first stage of its distribution, we provide 20 years of future weather data for the centroid of each Public Use Microdata Area (PUMA), excluding Hawaii. PUMAs are non-overlapping, statistical geographic areas that partition each state or equivalent entity into geographic areas containing no fewer than 100,000 people each. The 2,378 PUMAs as a whole cover the entirety of the U.S. The weather data can be utilized alongside the large-scale energy analysis tools, ResStock and ComStock, developed by National Renewable Energy Laboratory, whose smallest resolution is at the PUMA scale. The data for RCP4.5 is still being processed and will be published soon.

Array↗
DOE OSTI2022

WASTE TREATMENT PLANT (WTP) LIQUID EFFLUENT TREATABILITY EVALUATION (SEPTEMBER 2004)

A forecast of the radioactive, dangerous liquid effluents expected to be produced by the Waste Treatment Plant (WTP) was provided by Bechtel National, Inc. (BNI 2004). The forecast represents the liquid effluents generated from the processing of Tank Farm waste through the end-of-mission for the WTP. The WTP forecast is provided in the Appendices. The WTP liquid effluents will be stored, treated, and disposed of in the Liquid Effluent Retention Facility (LERF) and the Effluent Treatment Facility (ETF). Both facilities are located in the 200 East Area and are operated by Fluor Hanford, Inc. (FH) for the US. Department of Energy (DOE). The treatability of the WTP liquid effluents in the LERF/ETF was evaluated. The evaluation was conducted by comparing the forecast to the LERF/ETF treatability envelope (Aromi 1997), which provides information on the items which determine if a liquid effluent is acceptable for receipt and treatment at the LERF/ETF. The format of the evaluation corresponds directly to the outline of the treatability envelope document. Except where noted, the maximum annual average concentrations over the range of the 27 year forecast was evaluated against the treatability envelope. This is an acceptable approach because the volume capacity in the LERF Basin will equalize the minimum and maximum peaks. Background information on the LERF/ETF design basis is provided in the treatability envelope document.

12 MANAGEMENT OF RADIOACTIVE AND NON-RADIOACTIVE W↗
DOE OSTI2023

Enhanced Geothermal Shot Analysis for the Geothermal Technologies Office

In 2021, the U.S. Department of Energy (DOE) began the Energy Earthshots initiatives to accelerate breakthroughs of reliable clean energy solutions within the next 10 years. In 2022, the National Renewable Energy Laboratory (NREL) was asked by the DOE Geothermal Technologies Office (GTO) to provide analysis for developing Energy Earthshot targets for Enhanced Geothermal Systems (EGS), human-made underground reservoirs that extract thermal energy from the earth for electricity generation and/or heating applications. The Enhanced Geothermal Shot analysis is based on the technology assumptions in the 2019 GTO report GeoVision: Harnessing the Heat Beneath Our Feet. For Earthshot, we updated some of the technology cost and performance assumptions based on recent technology advances and updated the EGS resource potential to include more detailed analysis. We used the updated EGS supply cost curves to forecast the amount of geothermal electricity generation that could be deployed in the US by 2050 using a capacity expansion model. The results were used to develop a cost target for EGS. On September 8th, 2022, the Enhanced Geothermal Shot was announced. Its target - reduce the cost of EGS by 90%, to $45 per megawatt hour by 2035. This paper summarizes the cost and resource assumptions used in the Enhanced Geothermal Shot. It describes the assumptions used in the Regional Energy Deployment System (ReEDS) capacity expansion model to forecast geothermal deployment and discusses the results.

15 GEOTHERMAL ENERGY↗
DOE OSTI2022

Electric Access System Enhancement (EASE): Assessment of a Distributed Energy Resource Management System for Enabling Dynamic Hosting Capacity

The Electric Access System Enhancement (EASE) project demonstrated a scalable, interoperable, and cost-effective means of integrating high penetration of distributed energy resources (DERs). The control architecture developed leveraged a Distributed Energy Resource Management System, Distribution System Operator for transacting energy, and 3rd Party DER Aggregator platform. The project identified ways to enhance the customer interconnection process to the grid and improve access to information from DERs and optimize the usage of DERs to provide energy services in a simulated day-ahead shadow market while maintain grid reliability. By integrating these capabilities into a scalable system of systems, the DSO can effectively balance DER generation and customer demand on the distribution network. This capability allows the grid to host more DER than traditionally possible on wires alone. Hosting more DER has the added benefit of supplying increased demand growth, sometimes beyond the capacity limits of the distribution network itself. This is known as a dynamic hosting capacity, which could help utilities manage the forecasted growth in electricity demand as California switch to electric vehicles and appliances. This could help to establish energy storage and PV generation as a “pseudo firm” generation resource mix if managed appropriately and provide sufficient resource adequacy for distribution capacity upgrade deferrals.

14 SOLAR ENERGY↗
DOE OSTI2020

Computational Experiment Design for Operations Model Simulation

Computer simulations that demonstrate the value of novel approaches are crucial to developing more flexible and robust power systems operations with high penetrations of renewable energy at multiple geographic and temporal scales. However, optimization-based simulations that depend on forecast data often face challenges in evaluating performance, reproducing results, and testing under realistic simulation scenarios. In this paper, we develop scientific computing best-practices for the validation and reproduction of power systems operational models. We then employ two case studies to demonstrate the proposed validation and reproduction framework.

MATHEMATICS AND COMPUTING,POWER TRANSMISSION AND D↗
DOE OSTI2025

Constraining primordial non-Gaussianity from the large scale structure two-point and three-point correlation functions

Surveys of cosmological large-scale structure (LSS) are sensitive to the presence of local primordial non-Gaussianity (PNG), and may be used to constrain models of inflation. Local PNG, characterized by f NL ⁠, the amplitude of the quadratic correction to the potential of a Gaussian random field, is traditionally measured from LSS two-point and three-point clustering via the power spectrum and bi-spectrum. We propose a framework to measure f NL using the configuration space two-point correlation function (2pcf) monopole and three-point correlation function (3pcf) monopole of survey tracers. Our model estimates the effect of the scale-dependent bias induced by the presence of PNG on the 2pcf and 3pcf from the clustering of simulated dark matter haloes. We describe how this effect may be scaled to an arbitrary tracer of the cosmological matter density. The 2pcf and 3pcf of this tracer are measured to constrain the value of f NL ⁠. In LSS surveys, the effect of imaging systematics on two-point statistics is often degenerate with the PNG signal. Our proposed model employs three-point statistics primarily to break this degeneracy. Using simulations of luminous red galaxies observed by the Dark Energy Spectroscopic Instrument (DESI), we demonstrate the accuracy and constraining power of our method. Our forecast indicates the ability to constrain f NL to a precision of σf NL ≈ 22 with one year of DESI survey data, as well as the ability to constrain the imaging systematic weights in situ.

early Universe↗
DOE OSTI2025

ATEAM4Py: An Efficient and Scalable Python-Based Model for Charging Demand

This report details the development and implementation of ATEAM4Py, a Python-based simulation model that projects demand for battery electric vehicle (BEV) charging based on adoption trends and consumer behavior. With Exelon’s support, Argonne National Laboratory converted the original Java-based Agent-based Transportation Energy Analysis Model (ATEAM) into Python, resulting in a faster and more efficient tool for forecasting the timing, location, and scale of charging demand growth. ATEAM4Py tackles key challenges in simulation efficiency and runtime, supporting the strategic development of cost-effective grid capacity expansion strategies and ensuring reliable service for stakeholders.

33 ADVANCED PROPULSION SYSTEMS↗
DOE OSTI2023

Faster-than-real-time Simulation with Demonstration for Resilient DER Integration

The US electric grid is facing operational, stability, and security challenges. Transmission system operators need some measure of visibility into distribution system renewable generation. Distribution system generation needs to support transmission system voltage. The grid is experiencing an expansion in measurement systems. How to take full advantage of this expansion and defend against attacks, both cyber and physical, poses additional challenges. The Faster-than-real-time Simulation with demonstration for Resilient DER Integration project set out to do the following: a. Flatten the voltage profile through the feeders and system for cost saving and voltage stabilization needs. b. Increase the amount of intermittent distributed energy resources (IDERs) that could be deployed on a utility feeder and provide 100% or more energy needed for the demands on that feeder, and c. based on an accurate model (Digital Twin) of the utilities system, be able to detect any abnormalities on the utilities distribution system. To manage the voltage and increase IDER penetration (a,b), Graph Trace Analysis is employed in a time-series, optimal power flow to coordinate the time-varying feedback control setpoints of a distribution feeder’s utility control devices. Under the coordinated control are a Load Tap Changing Transformer, a voltage regulator, and five switched capacitor banks. The feeder serves over 2000 customers, the feeder secondaries are modeled, and the feeder has 2.3 MW of PV generation, corresponding to a 17.4% penetration of PV generation. The feeder model has over 12,000 components, where every customer load bus and PV generator are modeled. The accuracy of the power flow solution is compared against historical meter voltage measurements, the improvement in conservation voltage reduction energy savings as a function of the coordinated control desired voltage profile is investigated, and the increase in PV penetration of the coordinated control over the existing control is presented. To achieve improved control performance while observing system operation constraints, bellwether Advanced Metering Infrastructure (AMI) voltage measurements are used to adjust the desired voltage profile used by the optimal power flow analysis. To detect and alleviate or negate attacks or failures on the distribution and transmission utility grids (c) the grid needs to be resilient and self-healing. In this project software was designed to do just that. At the center of the software is an Integrated System Model (ISM) that spans from transmission to secondary distribution. The ISM is employed in real-time abnormality detection, voltage stability forecasting, and multi-mode control. Testing results are presented for: 1—attacks on utility infrastructure; 2—energy savings from optimal control; 3—distribution system control response during a low voltage transmission system event; 4—cyber-attacks on PV inverters, where physical inverters are used in hard-ware-in-the-simulation-loop studies. Contributions of this work include real-time analysis that spans from three-phase transmission through secondary distribution; an approach for detecting abnormalities that employs measurements from three independent measurement systems; and a multi-mode distribution system control that responds to cyber-attacks, physical attacks, equipment failures, and transmission system needs.

Integrated System Model, Graph Trace Analysis, Adv↗
DOE OSTI2022

A Systematic Framework for Projecting the Future Cost of Offshore Wind Energy

Offshore wind costs are expected to decline rapidly in the short and medium term future as the industry grows and gains experience in manufacturing, installing, and operating commercial scale projects. Estimating the future costs of offshore wind energy is critical for evaluating the technology's economic performance, how it can fit into a broader clean energy economy, and how R&D investment can be allocated to advance the technology. We present a newly developed approach for forecasting these costs which focuses on an empirically-derived learning rate for capital costs and prescribed cost and performance improvements for operational costs and capacity factor. We establish baseline costs for a series of reference fixed-bottom and floating projects in 2021 and project cost trajectories to 2035, presenting both an average cost trajectory as well as describing the range of potential future costs associated with site-specific cost variations and uncertainty in the estimate of the learning rate. We also conduct sensitivity analyses showing the impact of different global deployments by 2035 and variations in the prescribed operational costs and capacity factors. The results show that fixed-bottom and floating offshore wind capital costs could decrease to around $\$$2,400/kW and $\$$3,300/kW by 2035, respectively, with ranges of $\$$2,100/kW - $\$$2,750/kW for fixed-bottom projects and $\$$2,850/kW - $\$$5,500/kW for floating projects. The levelized cost of energy of fixed-bottom and floating wind projects could decrease to $\$$53.1/MWh and $\$$63.9/MWh by 2035, with ranges of $\$$48.4/MWh - $\$$59.7/MWh for fixed-bottom projects and $\$$46.5/MWh - $\$$99.9/MWh for floating projects. By presenting the uncertainty associated with the forecast we provide a transparent description of the spectrum of potential cost trajectories for offshore wind.

17 WIND ENERGY↗