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At least 577 records · Page 32

Evaluation of the economic implications of varied pressure drawdown strategies generated using a real-time, rapid predictive, multi-fidelity model for unconventional oil and gas wells

Experience has suggested that pressure maintenance in hydraulically fractured reservoirs via lower, more sustained production drawdowns may offer improved cumulative recovery and overall resource extraction efficiency compared to more rapid drawdown approaches aimed at generating high initial production. However, given the inherent variability of oil and natural gas markets, operators pursue production strategies that maximize profitability over resource extraction efficiency. This study focuses on evaluating the implications of contrasting pressure drawdown strategies on the long-term production and resulting economics for a real, producing unconventional gas well in the Marcellus Shale of the Appalachian Basin using a techno-economic analysis approach. Our research combines elements of well-specific horizontal well design, production forecasting, equipment sizing and capital cost estimation, operating cost estimation, and revenue and tax calculations. Gas production forecast outlook scenarios were generated under varying pressure drawdowns using two approaches: 1) a novel physics-informed machine learning workflow and 2) traditional reservoir simulation. A discounted cash flow model was used to evaluate the resulting economic implications for each drawdown scenario—generating output for exploring the coupled effect of factors like the timing and volume of gas production, prevailing economic and market conditions for natural gas, and overall estimated ultimate recovery on profitability metrics such as internal rate of return and net present value. Results show that there is potential to maximize the cumulative gas produced in the specific case study well by employing a lower pressure drawdown. Conversely, the greatest profitability is achieved using rapid drawdown as signified by a small, specific subset of our outlook scenarios. On an averaging basis, we find that the combinations of highest cumulative producing and most profitable scenarios occur under lower drawdowns with long (>40 years) producing timeframes, but require higher relative gas price and lower discounting considerations. Further, the machine learning predictive outlooking capability proved effective for enabling rapid generation of a multitude of scenario forecasts. As a result, a variety of prominent example cases could be generated to strike the balance of greater productivity and economic return given their associated producing features and economic conditions when compared to similar producing scenarios—critical insight that offers improved decision support for unconventional oil and gas operations.

42 ENGINEERING↗

Techno-Economic Simulation Results Using dGeo for EGS-Based District Heating in the Northeastern United States

This dataset presents the results of techno-economic simulations performed using the Distributed Geothermal Market Demand Model (dGeo) to evaluate the feasibility of Enhanced Geothermal Systems (EGS)-based district heating in the Northeastern United States. Developed by the National Renewable Energy Laboratory (NREL), dGeo is a geospatially resolved, bottom-up modeling framework designed to explore the deployment potential of geothermal distributed energy resources. The dataset, created as part of the Cornell EGS Ground-Truthing Project, provides census tract-level data that includes inputs and outputs such as thermal demand, road length, energy prices, geothermal system sizing, annual energy contributions from geothermal and natural gas peaking boilers, system capital costs (CAPEX), operation and maintenance costs (OPEX), and the levelized cost of heat (LCOH). Key simulation parameters include geothermal gradients, measured well depths, production temperatures, and district heating piping lengths based on S1400 neighborhood road lengths. The simulations assume a target bottom hole temperature of 80C and the development of new district heating networks in each census tract.

15 GEOTHERMAL ENERGY↗

Integrated Land Suitability Assessment for Depots Siting in a Sustainable Biomass Supply Chain

A sustainable biomass supply chain would require not only an effective and fluid transportation system with a reduced carbon footprint and costs, but also good soil characteristics ensuring durable biomass feedstock presence. Unlike existing approaches that fail to account for ecological factors, this work integrates ecological as well as economic factors for developing sustainable supply chain development. For feedstock to be sustainably supplied, it necessitates adequate environmental conditions, which need to be captured in supply chain analysis. Using geospatial data and heuristics, we present an integrated framework that models biomass production suitability, capturing the economic aspect via transportation network analysis and the environmental aspect via ecological indicators. Production suitability is estimated using scores, considering both ecological factors and road transportation networks. These factors include land cover/crop rotation, slope, soil properties (productivity, soil texture, and erodibility factor) and water availability. This scoring determines the spatial distribution of depots with priority to fields scoring the highest. Two methods for depot selection are presented using graph theory and a clustering algorithm to benefit from contextualized insights from both and potentially gain a more comprehensive understanding of biomass supply chain designs. Graph theory, via the clustering coefficient, helps determine dense areas in the network and indicate the most appropriate location for a depot. Clustering algorithm, via K-means, helps form clusters and determine the depot location at the center of these clusters. An application of this innovative concept is performed on a case study in the US South Atlantic, in the Piedmont region, determining distance traveled and depot locations, with implications on supply chain design. The findings from this study show that a more decentralized depot-based supply chain design with 3depots, obtained using the graph theory method, can be more economical and environmentally friendly compared to a design obtained from the clustering algorithm method with 2 depots. In the former, the distance from fields to depots totals 801,031,476 miles, while in the latter, it adds up to 1,037,606,072 miles, which represents about 30% more distance covered for feedstock transportation.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Assessing the Impact of Energy Transition Initiatives on the Policy Cost of Saudi Arabia's Net-Zero Ambition

Saudi Arabia's ambitious goal to achieve a net-zero economy by 2060 offers a unique opportunity to diversify away from fossil fuels while fostering long-term economic resilience and sustainability. Crucial to this transition are energy policies that guide the Kingdom from a fossil fuel-based economy toward carbon neutrality. This study uses GCAM-KSA, a multi-sectoral integrated assessment model tailored to Saudi Arabia's economic and energy systems, to evaluate the impact of early energy transition initiatives on the policy costs of achieving the Kingdom's net-zero target. These initiatives include ongoing and proposed energy efficiency measures, renewable energy deployment, and fuel displacement targets. The study highlights that early implementation of these initiatives can significantly reduce barriers to adopting low-carbon technologies, ultimately lowering the economic burden of achieving the net-zero goal. Compared to a delayed implementation scenario, early action reduces long-term policy costs by 38–72% over the period from 2025 to 2060, driven by accelerated energy system transformation. These findings provide valuable insights into how Saudi Arabia's energy policies can mitigate economic challenges, promote economic diversification, and contribute to global emission reductions, reinforcing the Kingdom's transition to a sustainable net-zero economy.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

LA100 Equity Strategies. Chapter 9: Equitable Community Solar Access and Benefits

The LA100 Equity Strategies project integrates community guidance with robust research, modeling, and analysis to identify strategy options that can increase equitable outcomes in Los Angeles' clean energy transition. This chapter focuses on community solar as a means to provide equitable access to local solar and storage benefits in Los Angeles. Specifically, NREL identified potential community solar sites that could host 30 kilowatts (kW)1 of solar or more and evaluated economic and equity metrics under various program design options. Analysis included a Baseline scenario (business-as-usual) and an Equity scenario, which modeled program enhancements to increase access and benefits to low-income customers. Both scenarios modeled the economics of solar and storage under the LADWP Feed-in Tariff (FiT) program (LADWP 2023b) and the LADWP Feed-in-Tariff Plus Pilot program (LADWP 2023d) compared to a community solar financial model. This research was guided by input from the community engagement process, and associated equity strategies are presented in alignment with that guidance.

14 SOLAR ENERGY↗

Fuel Cell Stack Model for Real-Time Simulation of Grid-Connected Applications

Fuel cell stacks coupled with electrolyzers and hydrogen storage sites can be a promising category of distributed energy resources for both grid-connected and stand-alone power systems. However, because of high costs, at-scale hardware testing of fuel cell stacks for grid-connected applications is not economically viable at present. A model-based system that can accurately captures the steady-state and dynamic response of fuel cell stacks over long time periods (hours), is needed. This paper demonstrate a real-time electromagnetic transient model of a megawatt-scale, grid-connected proton exchange membrane fuel cell stack, coupled with a mass-based hydrogen storage system. This model can emulate the electrical steady-state and dynamic response of grid-connected fuel cell stacks. We validate the model using the response of commercial hardware fuel cell stacks and analytical models in the literature - using a digital real-time simulator (RSCAD). The proposed real-time model is then used to simulate cases spanning different time horizons and to design controller-hardware-in-the-loop experiments to evaluate controllers for hydrogen stations.

activation potential↗

Data and Code for 'GHG Mitigation and Land Use Change Implications of Sustainable Aviation Fuel in the United States'

BEPAM, Biofuel and Environmental Policy Analysis Model, models the agricultural sector and determines economically optimal land-use and feedstock mix at the US scale by maximizing the sum of agricultural sector consumers’ and producers’ surplus subject to various resource balances, land availability, and technological constraints under a range of biomass prices, from zero to $140 Mg-1 over the 2016-2030 period. Here BEPAM is used to model SAF production using energy crops and crop residues. BEPAM uses the GAMS format and uses yield and GHG balance projections from the biogeochemical model, DayCent.

09 BIOMASS FUELS↗

CO2 Storage Economic Analysis: CarbonSAFE Use Case

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

carbon storage↗

Hydropower Advantages over Batteries in Energy Storage of Off-Grid Systems: A Case Study

Microgrids are decentralized power production systems, where the energy production and consumption are very close to each other. Microgrids generally exploit renewable energy sources, encountering a problem of storage, as the power production from solar and wind is intermittent. This research presents a new integrated methodology and discusses a comparison of batteries and pumped storage hydropower (PSH) as energy storage systems with the integration of wind and solar PV energy sources, which are the major upcoming technologies in the renewable energy sector. We implemented the simulator and optimizer model (HOMER), which develops energy availability usage to obtain optimized renewable energy integration in the microgrid, showing its economic added value. Two scenarios are run with this model—one considers batteries as an energy storage technology and the other considers PSH—in order to obtain the best economic and technical results for the analyzed microgrid. The economic analysis showed a lower net present cost (NPC) and levelized cost of energy (LCOE) for the microgrid with PSH. The results showed that the microgrid with the storage of PSH was economical, with an NPC of 45.8 M€ and an LCOE of 0.379 €/kWh, in comparison with the scenario with batteries, which had an NPC of 95.2 M€ and an LCOE of 0.786 €/kWh. The role of storage was understood by differentiating the data into different seasons, using a Python model. Furthermore, a sensitivity analysis was conducted by varying the capital cost multiplier of solar PV and wind turbines to obtain the best optimal economic solutions.

Guruprasad, Prajwal↗

Agriculture’s Potential Regional Economic Contributions to the United States Economy When Supplying Feedstock to the Bio-Economy

The economic impact of obtaining biomass could become significant to U.S. rural economies via the establishment of a bioeconomy. In 2023, the Bioenergy Technologies Office (BETO) and Oak Ridge National Laboratory provided a road map to obtain over a billion tons of biomass for conversion to bioenergy and other products. Using information from this roadmap, this study estimates the potential positive and negative economic impacts that occur because of land use change, along with increased technological advances. This is achieved by using the input–output model, IMPLAN, and impacting 179 Bureau of Economic Analysis regions in the conterminous United States. Biomass included in the analysis comprises dedicated energy crops, crop residues, and forest residues. The analysis found that managing pastures more intensively could result in releasing land to produce dedicated energy crops on 30.8 million hectares, resulting in the production of 361 million metric tons of biomass. This, coupled with crop residues from barley, corn, oats, sorghum, and wheat (162 million metric tons), plus forest residues (41 million metric tons), provide 564 million dry metric tons of biomass. Assuming the price for biomass in 2023 dollars was USD 77 per dry metric-ton, this additional production results in an economic benefit for the nation of USD 619 billion, an increase from the Business As Is scenario (Baseline) of almost USD 100 billion per year, assuming a mature biomass industry. An additional 700,000 jobs are required to grow, harvest/collect, and transport the biomass material from the land.

ForSEAM↗

Life cycle assessment of novel heat exchanger for dry cooling of power plants based on encapsulated phase change materials

Cooling systems in power plants account for approximately 40% of total freshwater withdrawals in the U.S. Due to dwindling access to freshwater resources worldwide, continued operation of wet cooling systems poses a significant engineering challenge. To reduce water consumption, a novel air-cooled heat exchanger has been developed using encapsulated phase change material (EPCM) for dry cooling of power plants. Compared to traditional finned-tube air-cooled condensers, this novel EPCM heat exchanger improves the heat transfer coefficient and power plant efficiency while reducing the pressure drop and cooling system cost. Life cycle assessment (LCA) and techno-economic analysis (TEA) are used to evaluate the environmental and economic performance of EPCM heat exchangers from cradle-to-grave and to compare them to wet cooling and traditional air-cooled condensers. A thermodynamic model is developed to predict the EPCM heat exchanger performance for plant-scale operations. Equipment and construction costs for heat exchangers are estimated based on design parameters obtained from the thermodynamic model. Both process-LCA and economic-input–output LCA are used to simulate and test the sensitivity of EPCM alternatives with commercial wet and dry cooling technologies. We investigate options for EPCM end-of-life management upon retiring the heat exchanger and construct a process-based LCA model to estimate a greenhouse gas (GHG) emissions credit for recycling the EPCM. The life cycle GHG emission of the novel dry cooling technology is 1.16 kg CO 2 eq. /MWh compared with the 1.1–4.3 kg CO 2 eq. /MWh reported for commercial dry cooling technologies and consumes 9.5 L/MWh e of water for cradle-to-gate life cycle, which is significantly lower than that of wet cooling systems. The TEA shows many advantages of EPCM cooling technology over the state-of-art dry cooling solutions. Overall, the EPCM heat exchanger provides a better alternative compared to existing dry cooling and wet cooling technologies.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Simulating policy interventions in the interfirm diffusion of low-carbon technologies: An agent-based evolutionary game model

Policy interventions are frequently used by authorities around the world to mitigate carbon emissions. However, economic systems are essentially complex adaptive systems, which often exhibit unexpected responses to exogenous interventions and leave intervenors in a dilemma, even if the interventions are elaborately designed. To explore the behaviors of the diffusion system regarding low-carbon technologies, this study builds an agent-based model (ABM) to simulate enterprises' reactions to multiple policy interventions aimed at spurring low-carbon technology diffusion. The simulated enterprises are in a complex network where they play evolutionary games with their neighbors, which enables the model to possess two critical features of economic systems: adaptiveness and equilibrium. The model reveals a dilemma of policy interventions: intuitively, carbon taxes, asymmetric penalties (only imposed on un-low-carbon enterprises) and subsidies can improve the diffusion, which is consistent with previous research; counter-intuitively, all these policies turn out to be inefficient or even harmful to low-carbon enterprises because of the diffusion system's high adaptiveness. Specifically, when carbon taxes and penalties increase, both the low-carbon and un-low-carbon enterprises end up with the equilibrium of equivalent but lower profits. In contrast, all the enterprises earn equivalent but more profits even though subsidies are only given to the low-carbon enterprises, which implies that the un-low-carbon enterprises (indirectly) grab a portion of the subsidies and accordingly weaken the incentive effect of subsidies. These system behaviors are summarized as "equalizing effect" because the system tends to equalize the impact of both positive and negative interventions among all enterprises even though the policy interventions are asymmetrically imposed on one type of the enterprises. The findings also indicate that policies implemented to enlarge green market sizes can help policymakers bypass the dilemma.

Agent-based modeling↗

AI Improves the Accuracy, Reliability, and Economic Value of Continental‐Scale Flood Predictions

Accurate flood early warnings are critical to minimize damage and loss of life. Current large‐scale operational forecasting systems, however, have limited accuracy, description of uncertainty, and computational efficiency. While Artificial intelligence (AI) can address these limitations in principle, the accuracy and reliability of AI forecasts have thus far proven insufficient. Here we present a novel hybrid framework that integrates AI‐based machinery termed Errorcastnet (ECN) with the National Water Model (NWM) to showcase the potential of ensemble AI flood forecasts over the contiguous U.S. ECN boosts prediction accuracy four‐ to six‐fold across lead times of 1–10 days, while providing uncertainty quantification. It also outperforms Google's state‐of‐the‐art global AI model. ECN‐based forecasts offer superior economic value (up to four‐fold) for decision‐making as compared to those from NWM alone. ECN performs well in varied ecoregions, physiography, and land management conditions. The framework is computationally efficient, enabling national‐scale ensemble forecasts in minutes.

artificial intelligence↗

GCAM-USA v5.3_water_dispatch: integrated modeling of subnational US energy, water, and land systems within a global framework

Abstract. This paper describes GCAM-USA v5.3_water_dispatch, an open-source model that represents key interactions across economic, energy, water, and land systems in a consistent global framework with subnational detail in the United States. GCAM-USA divides the world into 31 geopolitical regions outside the United States (US) and represents the US economy and energy systems in 51 state-level regions (50 states plus the District of Columbia). The model also includes 235 water basins and 384 land use regions, and 23 of each fall at least partially within the United States. GCAM-USA offers a level of process and temporal resolution rare for models of its class and scope, including detailed subnational representation of US water demands and supplies and sub-annual operations (day and night for each month) in the US electric power sector. GCAM-USA can be used to explore how changes in socioeconomic drivers, technological progress, or policy impact demands for (and production of) energy, water, and crops at a subnational level in the United States while maintaining consistency with broader national and international conditions. This paper describes GCAM-USA's structure, inputs, and outputs, with emphasis on new model features. Four illustrative scenarios encompassing varying socioeconomic and energy system futures are used to explore subnational changes in energy, water, and land use outcomes. We conclude with information about how public users can access the model.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Thermosteam: BioSTEAM's Premier Thermodynamic Engine

Thermosteam is a thermodynamic engine capable of solving mass and energy balances, estimating mixture properties, solving thermodynamic phase equilibria, and modeling stoichiometric reactions. All chemical data in Thermosteam is imported from the chemicals library, an open-source compilation of data and functions for the estimation of pure component chemical and mixture properties. Thermosteam’s fast and flexible platform has enabled the evaluation of conceptual and emerging biochemical production processes. The Biorefinery Simulation and Techno-Economic Analysis Modules (BioSTEAM) — capable of modeling reactors, distillation columns, heat exchangers, and other unit operations — has adopted Thermosteam as its premier thermodynamic engine. Published biorefinery designs modeled in BioSTEAM implement thermodynamic property packages created with Thermosteam, including a cornstover biorefinery for the production of cellulosic ethanol, a lipid-cane biorefinery for the co-production of ethanol and biodiesel, and a wheatstraw biorefinery for the production of cellulosic ethanol.

97 MATHEMATICS AND COMPUTING↗

Facilitated transport membranes for H 2 purification from coal-derived syngas: A techno-economic analysis

A single-stage membrane process has been designed for using facilitated transport membranes (FTMs) to decarbonize the coal-derived syngas from an integrated gasification combined cycle (IGCC) power plant. The necessary process model and costing method have also been developed to assess the technical feasibility and process economics. In order to account for the carrier saturation phenomenon associated with FTMs, a homogeneous reactive diffusion model is integrated into the process model. The techno-economic study reveals that the mitigated carrier saturation upon bulk CO 2 removal can lead to appreciable increases in the CO 2 permeance and CO 2 /H 2 selectivity, which can be utilized to achieve 95% CO 2 purity and 95% H 2 recovery with a CO 2 /H 2 selectivity of 50 at the complete carrier saturation. FTMs with different facilitated transport characteristics can also be arranged in a hybrid membrane configuration to render a H 2 recovery of 99% and a cost of electricity of $\$118.5$ /MWh, which is 12.5% lower than that of the benchmark Selexol process.

42 ENGINEERING↗

Techno-economic and life cycle analysis of synthetic natural gas production from low-carbon H 2 and point-source or atmospheric CO 2 in the United States

Synthetic natural gas (SNG) is of great interest in reducing fossil energy consumption while maintaining compatibility with existing NG infrastructure and end-use applications equipment. SNG can be produced using clean H 2 generated from renewable or nuclear energy and CO 2 captured from stationary sources or the atmosphere. In this study, we develop an engineering process model of SNG production using Aspen Plus® and production scales reported by the industry. We examine the levelized cost and life cycle greenhouse gas (GHG) emissions of SNG production under various CO 2 supply scenarios. Considering the higher cost of H 2 transportation compared with CO 2 transportation, we assume that CO 2 feedstock is transported via pipeline to the H 2 production location, which is collocated with the SNG plant. We also evaluate the cost of CO 2 captured from the atmosphere, assuming the direct air capture process can occur near the SNG facility. Depending on the CO 2 supply chain, the levelized cost of SNG is estimated to be in the range of $\$45–76$ per million British thermal units (MMBtu) on a higher heating value (HHV) basis. The SNG production cost may be reduced to $\$27–57$/MMBtu-HHV by applying a tax credit available in the United States for low-carbon H 2 production (45V). With a lower electricity price of 3¢/kWh for water electrolysis and accounting for a 45V tax credit, the SNG cost reaches parity with the cost of fossil NG. Depending on the CO 2 supply chain, SNG can reduce life cycle GHG emissions by 52–88% compared with fossil NG.

03 NATURAL GAS↗

BETO 2021 Peer Review: 2.1.0.100 - Biochemical Platform Analysis

The objective of this project is to perform techno-economic analysis (TEA) to guide Biochemical Platform efforts, utilizing models for purposes of setting future R&D targets and tracking performance progress against those targets. Outcomes of our work are leveraged by BETO to guide program plans, as well as by other NREL/partner projects to quantify the impact of research on key technology barriers and to prioritize future efforts. This project provides high impact and relevance through establishing “bottom-up” TEA models as a basis for understanding the technical feasibility to meet “top-down” BETO cost targets. By providing a framework to translate technical performance to cost reductions in a biorefinery, our TEA models may be leveraged to maximize the efficiency of research funding towards the most economically impactful priorities, ultimately in support of BETO’s 2030 fuel cost targets below $2.5/GGE. In order to mitigate a key risk/challenge to this project in overly-constraining our analyses to a singular technology focus or TEA metric, our approach continuously re-assesses opportunities for better optimization and alternative technology pathway options, while maintaining close interaction with other BETO analysis partners. We have made numerous recent accomplishments rooted around identifying and working with the researchers to solve key technical and TEA/LCA challenges, reflected through notable improvements in State-of-Technology (SOT) updates over prior benchmarks.

biochemical↗