Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “ECONOMICS”

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.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 685 records · Page 38
All sourcesNASA NTRSDOE OSTI
DOE OSTI2023

The Impact of Disruptions on the Economics of a Tokamak Power Plant

Tokamaks are often considered to be a leading candidate for near-term, cost-effective fusion energy, but these devices are susceptible to sudden loss of confinement events called disruptions. The threat of disruptions has garnered serious attention in research for the next generation of burning plasma experiments, such as ITER, but has received little treatment in economic studies of magnetic fusion energy. In this paper, we present a model for quantifying the effect of disruptions on the cost of electricity produced by a tokamak power plant (TPP). We outline the various ways disruptions increase costs and decrease revenues, introduce metrics to quantify these effects, and add them to a levelized cost of electricity (LCOE) model. Additionally, we identify several rate-limiting repair steps and introduce a classification system of disruption types based on the time to return to operations. We demonstrate how the LCOE model can be used to find the cost of electricity and the requirements for disruption handling of a TPP, and we further highlight where future research can have a strong impact in neutralizing the “showstopping” potential of disruptions.

70 PLASMA PHYSICS AND FUSION TECHNOLOGY↗
DOE OSTI2024

Development of near-optimal advanced control sequences for chiller plants with water-side economizers in U.S. Climates (ASHRAE RP-1661)

Various advanced control sequences for chiller plants with water-side economizers (WSE) have been proposed in literature, but the evaluation and optimization of those controls is limited. It is possible to maximize energy savings by selecting different sequences and related parameters based on the plant configuration, load, and climate. This paper addresses this gap by developing near-optimal advanced control sequences for chiller plants with WSEs. First, advanced control sequences for chiller plants with WSEs are categorized into condenser water, chilled water, and hybrid controls and representative sequences from each category are identified. Next, 504 different scenarios are optimized. These scenarios represent all possible combinations of two plant configurations, a constant or variable load profile, three advanced control sequences, and seven optimization parameter combinations in six climate zones. The results show the recommended near-optimal sequences can reduce energy consumption by up to 15% relative to the baseline depending on the configuration, load profile, and climate. Specifically, the CW-CHW sequence is recommended for the majority of systems because it is often the most energy efficient and/or reduces the runtime of chillers. The methodology in this paper provides practical guidance for achieving energy savings through near-optimal control of chiller plants with WSEs.

42 ENGINEERING↗
DOE OSTI2024

A Distributionally Robust Optimization Framework for Stochastic Assessment of Power System Flexibility in Economic Dispatch

Given the complexity of power systems, particularly the high-dimensional variability of net loads, accurately depicting the entire operational range of net loads poses a challenge. To address this, recent methodologies have sought to gauge the maximum range of net load uncertainty across all buses. In this paper, we consider the stochastic nature of the net load and introduce a distributionally robust optimization framework that assesses system flexibility stochastically, accommodating a minimal extent of system violations. We verify the proposed method by solving the flexibility of the economic dispatch problem on four distinct IEEE standard test systems. Compared to traditional deterministic flexibility evaluations, our approach consistently yields less conservative flexibility outcomes.

distributionally robust optimization↗
DOE OSTI2022

Sensitivity analysis of the technical and economic feasibility of converter-interfaced CHP System

The adoption of small-to-medium sized (1MW~20MW) combined heat and power (CHP) system is lagging, especially in industrial and commercial applications. Our prior research has proved that interfacing CHP with grid-ready converters can increase its economic value and technical benefits; this paper is focused on investigating the critical parameters impacting profitability of converter-interfaced CHP, including CHP sizing scenario, energy price, generator cost, converter cost, voltage support price, converter to engine size ratio and interconnection delay. An automatic toolkit for evaluating CHP return on investment (ROI) is developed to enhance the computation capability and efficiency. Based on varying the value of critical parameters, 975 use cases are analyzed. Results show that the profitability of converter-interfaced CHP over directly-coupled CHP is more sensitive to energy price, delays in interconnection process, converter cost and much less to generator cost or voltage support price.

converter, CHP, ROI, economic feasibility, sensiti↗
DOE OSTI2021

Secondary Frequency Regulation from Variable Generation through Uncertainty Decomposition: An Economic and Reliability Perspective

The rapid integration of variable generation (VG), such as photovoltaics (PV), necessitates an increase in the secondary frequency regulation (SFR) to handle the system intra-dispatch interval imbalance because of VG's variation. Although PV has the control capability to provide SFR, the main challenge is in guaranteeing the delivery of PV's energy and SFRs capacities in the automatic generation control (AGC) within each dispatch interval considering its uncertainty. This paper proposes a deliverable VG SFR provision model with endogenous VG's power uncertainty decomposition. First, the uncertainty of VG is decomposed using distributionally robust chance constraints through which the deliverable SFR provision is guaranteed. Next, the intra-interval frequency response of PV's SFR is validated with a user defined AGC model including the PV power plant. Finally, the economic benefits and the reliability improvements such as the frequency deviation reduction with PV providing SFRcan be integrated and evaluated. The proposed model is tested in a modified 18-bus system and in the Western Electricity Coordinating Council test system. Results demonstrate that with the deliverable SFR from PV, the system cost and the frequency reliability can be improved simultaneously. PV's SFR performance can be guaranteed with the proposed model.

14 SOLAR ENERGY↗
DOE OSTI2020

Why Wideband Gap Needs Techno-Economics

The wideband gap community when discussing projects antidotally refers to the cost of the technology, frequently noting the higher wideband gap upfront cost in comparison to the incumbent state of art. Other technologies such as photovoltaics have embraced techno-economics analysis (TEA) as a method of analytically articulating the impacts of research advancements on system performance and lifetime costs. Our TEA shows the potential impact of research advancements on Gallium Oxide (Ga2O3) and Silicon Carbide (SiC) wafer manufacturing cost, the impact on the levelized cost of electricity (LCOE) when using a SiC based solar inverter, and lastly how the high cost of devices (SiC in this case) can be offset by other system cuts, such as the footprint and cooling reductions in a 1MW variable frequency motor drive. The specific goal is to show analytically the lifetime cost and performance benefits of adopting wideband gap technology whether it is at the device level or it is cumulative benefit though a simplified balance of system.

14 SOLAR ENERGY↗
DOE OSTI2026

What Is the Best Use of Biomass? A Harmonized LCA-TEA Framework Quantifying Economic and Environmental Metrics for Bioenergy Pathways

Bioresource utilization is expected to play a pivotal role in complementing existing energy pathways and enhancing energy resilience. This study develops a harmonized life cycle assessment (LCA) and techno-economic analysis (TEA) framework to evaluate the greenhouse gas (GHG) reduction potential, minimum fuel selling price (MFSP), and marginal abatement cost (MAC) of bioenergy pathways. We analyze 19 pathways, including liquid biofuels (via catalytic fast pyrolysis, Fischer–Tropsch synthesis, and gasification), bioelectricity, and biomass-to-hydrogen, with and without carbon capture and storage (CCS). The GHG impacts are assessed using the GREET 2022 model, while U.S. Billion-Ton 2016 biomass availability projections are used to estimate scale-up potential. Additionally, we evaluate the influence of a low-carbon electricity grid on pathway performance. Our results show that CCS implementation reduces carbon intensities (CI) to net-negative values for several pathways, with MAC ranging from $\$$32 to $\$$600 per metric ton (MT) CO2e avoided. Bioelectricity pathways with CCS achieve the lowest MAC ($\$$32–$\$$68/tCO2e), while liquid biofuels and hydrogen pathways remain critical for hard-to-abate sectors like aviation and heavy industry. Pathways with net-positive electricity demand benefit from a low-carbon grid, whereas those co-producing electricity experience increased MAC under lower electricity grid CI scenarios. This open-source framework provides a robust tool for harmonized evaluation of bioenergy pathways, enabling policymakers and stakeholders to identify cost-effective strategies for biomass utilization and carbon abatement at scale. The findings underscore the importance of CCS, co-product credits, and feedstock availability in optimizing bioenergy deployment for a low-carbon economy.

09 BIOMASS FUELS↗
DOE OSTI2024

Analysis of Gaps in Techno-Economic Analysis to Advance Heliostat Technologies for Concentrating Solar-Thermal Power

The Heliostat Consortium (HelioCon) was launched in 2021 to advance heliostat technology. One of its first efforts was to do a detailed analysis of gaps in technology and capabilities in the heliostat industry and complete a roadmap study describing high-priority gaps. HelioCon gathered gaps through a series of outreach activities with representatives and experts from industries and research institutes. Here, this paper discusses the gap analysis for the techno-economic analysis (TEA) topic. One of the main objectives of the TEA topic is to relate the cost and performance of heliostats and heliostat components to the overall system performance. In this study, we limit the scope of this topic to the heliostat field, tower, and receiver and do not consider downstream applications or uses of thermal energy. We conducted a thorough review of existing models and compiled a list of the state of the art in open-source tools currently available to researchers. We collected an initial list of gaps for the TEA of heliostats from industry developers and experts. Each gap is briefly described, and the heliostat development cycle stages that the gap impacts are indicated. We ranked the initial list of TEA gaps into tiers depending on their potential impact. For TEA, most of the gaps identified are related to developing models or data. Strictly speaking, none of these gaps are essential for heliostat development, but all would aid in the heliostat development process.

14 SOLAR ENERGY↗
DOE OSTI2021

Data from Economic Perspective of Ethanol and Biodiesel Coproduction from Industrial Hemp

In this study, the economics of producing biofuels from an industrial hemp (Cannabis sativa) genotype – 19m96136 was investigated. A lignocellulosic biofuel plant, hourly consuming 85 metric tons of hemp biomass was modeled in SuperPro Designer®. The integrated bioenergy plant produced hemp biodiesel and bioethanol from lipids and carbohydrates, respectively. The structural composition of the industrial hemp plant was analyzed in a previous study. The data obtained was used to simulate feedstock composition in SuperPro Designer®. The simulation results indicated that Hemp containing 2% lipids can yield up to 3.95 million gallons of biodiesel annually. On improving biomass lipid content to 5 and 10%, biodiesel production increased to 9.88 and 19.91 million gallons, respectively. The breakeven unit production cost of hemp biodiesel with 2, 5, and 10% lipid containing hemp was $18.49, $7.87, and $4.13/gallon, respectively. The biodiesel unit production cost when utilizing 10% lipid-containing hemp was comparable to soybean biodiesel at $4.13/gallon. Furthermore, sensitivity analysis revealed the possibility of a 7.80% reduction in unit production cost upon a 10% reduction in hemp feedstock cost. Furthermore, industrial hemp was capable of producing between 307.80 and 325.82 gallons of total biofuels per hectare of agricultural land than soybean.

Conversion↗
DOE OSTI2024

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↗
DOE OSTI2020

Conceptual Basis and Techno-Economic Modeling for Integrated Algal Biorefinery Conversion of Microalgae to Fuels and Products (2019 NREL TEA Update: Highlighting Paths to Future Cost Goals via a New Pathway for Combined Algal Processing)

The report documents the conceptual basis for a new potential Combined Algal Processing design strategy which may allow more flexibility in accommodating different algal biomass feedstock compositions, by enabling upgrading of both protein and carbohydrates in a single step, without a strict requirement for either component to be in soluble or monomeric form, while maintaining effective wet lipid extraction techniques to enable high lipid recoveries. In light of previously-established constraints around algal biomass costs (which are significantly higher than lignocellulosic terrestrial biomass), the present CAP processing strategy reflects an integrated biorefinery concept producing both fuels and value-added chemical coproducts as a means to improve profitability and generate coproduct revenues to help drive down the minimum fuel selling price (MFSP) towards economically viable levels. Namely, this report highlights an integrated CAP biorefinery process and associated technical targets that would be required to achieve U.S. Department of Energy target MFSP goals of $2.5/gallon gasoline equivalent by 2030. This is accomplished by a process involving low-cost seasonal storage of algal biomass during high-growth seasons, rapid flash hydrolysis pretreatment of the biomass, solvent extraction of pretreated biomass, cleanup and fractionation of lipids into triglyceride and free fatty acid fractions, and a series of thermochemical conversion steps to upgrade carbohydrates and protein to hydrocarbon fuels. These steps include mild oxidative treatment (MOT), a process originally investigated at NREL for upgrading lignin, followed by catalytic ketonization and hydrotreating of MOT products to fuels. Isolated triglycerides are sent to a coproduct train, with the base case focused on upgrading to polyurethane foams as a high-value, high-market-volume coproduct.

09 BIOMASS FUELS↗
DOE OSTI2022

Techno-Economic Analysis for Shear Assisted Processing and Extrusion (ShAPE) of High Strength Aluminum Alloys

Aluminum alloy 7075 (AA7075) is a high strength aluminum alloy (HSAL), attractive for applications such as automotive, aviation, aerospace, defense, and marine applications. However, AA7075 has not yet been widely adopted due slow extrusion speed, high energy use, narrow process window, and sensitivity to incipient melting common in conventional extrusion methods. Alternative extrusion methods may overcome these limitations. New research funded by the U.S. Department of Energy (DOE) Advanced Manufacturing Office (AMO) is exploring the use of a new SPP approach called Shear Assisted Processing and Extrusion (ShAPE) for the manufacture of AA7075 extrusions. Pacific Northwest National Laboratory (PNNL) are leading the development, testing and characterization of ShAPE, which is showing that high speed ShAPE extrusions (e.g., above 12 meters/min) which is significantly faster than the 1-2 meters/min possible with conventional AA7075 extrusions. Initial findings from the economic and energy analysis indicate that AA7075 tubes created with ShAPE use less energy than tubes that are conventionally heated and extruded. The reduction in energy use is primarily a result of using direct chill cast (non-homogenized) billets, eliminating the pre-heating step, and faster extrusion speeds. The TEA model translates CAPEX and O&M costs to a manufacturing cost, and then a minimum sustainable price (MSP) per ton of extruded product for multiple facility capacities. A sample output figure of the TEA model is presented below. It presents results of the preliminary version of the TEA model.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2023

Microreactor Applications in U.S. Markets: Evaluation of State-Level Legal, Regulatory, Economic and Technology Implications

This report provides an evaluation of state-level legal, regulatory, economic and technology implications for microreactor applications in U.S. markets. The initial focus is on Alaska (AK) and Wyoming (WY) energy markets serving location-specific energy needs for electricity and heat. A state-by-state evaluation of current carbon/carbon-related policies and nuclear policies is conducted to assess broader market applicability in states undergoing energy transitions.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
DOE OSTI2023

Technical Assessment of Potential Climate Impact and Economic Viability of Biochar Technologies for Small-Scale Agriculture in the Pacific Northwest

The goal of this study is to evaluate the state of biochar technology and determine the feasibility of integrating small-scale biochar production in ways that benefit smaller, diversified producers. Because of the emergence of carbon markets, this innovative climate and agricultural solution may be financed externally, making biochar more accessible to the growers that could benefit. In this report, we review the current state of biochar technology (Section 2), methods for assessing the potential climate impacts derived from its implementation (Section 3), and the current state of carbon-offset mechanisms for biochar technology (Section 4). In Section 5, we apply this knowledge to several specific biochar technology scenarios involving combinations of different feedstocks, production methods, and economic incentives to arrive at estimates of climate-mitigation impacts and costs per carbon credit generated. We conclude with a summary in Section 6.

09 BIOMASS FUELS↗
DOE OSTI2024

Economic Impact of Closing the Nuclear Fuel Cycle

This report estimates the economic impact of closing the United States nuclear fuel cycle. Several different fuel cycle scenarios are analyzed. These scenarios include a baseline analysis of the existing fuel cycle conditions, a hypothetical scenario where all fuel cycle operations are preformed domestically, a scenario where all reactors are replaced with sodium fast reactors, and finally a scenario that uses a mix of fast reactors and light water reactors operating on mixed oxide fuel. Each scenario modeled is assumed to be operating at equilibrium and producing electricity at a 100 GWe-yr capacity. Impacts are calculated for normal operations and do not include construction or infrastructure expansion impacts.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗
DOE OSTI2024

Economic, Greenhouse Gas, and Resource Assessment for Fuel and Protein Production from Microalgae: 2022 Algae Harmonization Update

This report presents an updated "harmonization study" documenting the collaborative analysis of microalgae cultivation and conversion to fuels and products. Four national laboratory modeling teams reconvened to investigate the resource, economic, and environmental sustainability implications of integrated systems encompassing large-scale algae farms and conversion biorefineries. Relative to prior harmonization analyses conducted by these partners, the present effort focuses on more near-term deployment potential based on the use of nutrient-replete, high-protein algal biomass compositions (more readily achievable today without sacrificing cultivation productivity), though this also incurs challenges in lower fuel yields and accordingly higher costs and carbon intensities for the overall integrated systems. Additionally, the present assessment adds further granularity around carbon dioxide (CO 2 ) sourcing and transport via carbon capture of nearby point sources, as well as handling of high-saline cultivation media and resultant blowdown/disposal processing. Finally, this assessment focuses on conversion opportunities to produce both fuel (prioritizing sustainable aviation fuel, in this case via hydrothermal liquefaction) and protein products for the food and feed markets, recognizing growing needs for such products.

09 BIOMASS FUELS↗