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At least 703 records · Page 39

Visual Modeling for Complex System Valuation: Implementation Guidance

Within the Transactive Systems Program (TSP) at Pacific Northwest National Laboratory (PNNL) the need to incorporate a valuation analysis design early within the research process of transactive energy systems led to development of a valuation methodology. This methodology allows the modeling of economic exchanges within a complex system and supports the evaluation of individual stakeholder economic outcomes in addition to systemwide costs and benefits. The use of visual modeling practices enables the research team to reach common understanding and agreement on the analysis design within the complex system. While this methodology was developed for the valuation of transactive energy systems, it can be applied to any complex system where a granular economic analysis is desired. It allows for the inclusion of equity analyses and ties individual activities and microeconomic outcomes with the systemwide macroeconomic impacts. This document serves as implementation guidance for analysts planning to deploy the methodology within a research study. The appendixes provide specific guidance on how this methodology is deployed within the TSP at PNNL for analysts seeking guidance for deployment within that context.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Solar +: Clean Energy Strategies for the Sunshine State (Final Technical Report (FTR) of the Florida Alliance for Accelerating Solar and Storage Technology Readiness (FAASSTeR))

This reports on a four-year effort to provide foundational research, analysis, strategies and assistance to help Florida, and other states that might learn from this work, to grow solar energy in conjunction with other distributed energy resources by addressing and overcoming existing barriers, and in way that delivers increased value. The start of this effort coincided with an inflection point of sorts into a new dawn for solar energy in Florida, where the Sunshine state’s national ranking in total installed solar, according to the Solar Energy Industries Association (SEIA), has rose from 13th to 4th. Florida has now become the national leader in annual utility-scale solar growth as dozens of large plants have come online. Also, during this time, Florida utilities have expressed a strong and growing interest in understanding the role of energy storage and how to best plan for and deploy this unique resource as part of strategies to grow solar. The utility-scale solar growth experienced has been fueled by the economics of solar cost-parity with natural gas combined cycle plants and Florida Public Service Commission’s (PSC) approval of cost-recovery for the Investor-Owned Utilities (IOU’s), primarily through the Solar Base Rate Adjustment (SoBRA) mechanism. This has led to gigawatts (GW’s) of rate-based solar capacity additions over several years, along with fairly significant amounts of energy storage. Meanwhile, municipal electric utilities, which, collectively, are the third largest source of power in the state, have been increasing solar considerably through power purchase agreements (PPA’s) and are on track to have close to 1 GW of grid-connected solar by 2024. Florida’s municipal utilities and the Florida Municipal Electric Association (FMEA) have been key partners in the Florida Alliance for Accelerating Solar and Storage Technology Readiness (FAASSTeR), formed to carry out this effort. The six largest of these have been Core Team utilities, engaging throughout the project in weekly calls, discussions, and project direction, participating in and hosting workshops and benefiting from technical assistance in several areas.

14 SOLAR ENERGY↗

Integration of Clean Energy into Oil Field Operations

Integrating clean energy into oil and gas operations could reduce emissions and maximize higher-value use of produced hydrocarbons. In this published study, analysts from the Joint Institute for Strategic Energy Analysis (JISEA) and the National Renewable Energy Laboratory (NREL) evaluated clean power technologies for an oil field in the Delaware Basin using NREL’s Renewable Energy Integration and Optimization, or REopt, tool. The analysts evaluated different configurations of distributed energy resources based on the technologies available and the load they could satisfy, available land, and hypothetical carbon pricing. The analysis is part of a collaborative program with industry to understand site-specific energy consumption and prices in the oil and gas supply chain and determine under what conditions clean energy options are economically attractive. This work was sponsored by a consortium including ConocoPhillips, Baker Hughes, Extraction Oil & Gas, Kinder Morgan, and the Interstate Natural Gas Association of America Foundation.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

The Distribution System Operator with Transactive (DSO+T) Study

The Distribution System Operator with Transactive (DSO+T) study investigates the engineering and economic performance of a transactive energy retail market coordinating a high penetration of customer-side flexible energy assets. The study seeks to answer whether such an implementation is cost effective for customers, recovers sufficient revenue for DSOs, and is equally applicable and beneficial to a range of flexible asset types, renewable generation scenarios, and market assumptions. Using a highly interdisciplinary co-simulation and valuation framework, this assessment encompasses the entire electrical delivery system from bulk system generation and transmission, through the distribution system, to the modeling of individual customer buildings and flexible assets (including heating, ventilation, and air conditioning [HVAC] units, water heaters, batteries, and electric vehicles). The study exercises a transactive energy retail market coordination scheme designed to integrate with an existing day-ahead and real-time competitive wholesale electricity market. Software decision-making agents are designed for the retail market operator as well as various price-responsive flexible assets. The engineering and economic performance of the transactive energy scheme is studied for two separate flexible asset deployments: flexible loads (HVAC units and residential water heaters) and behind-the-meter batteries. The results of each transactive case are compared to a business-as-usual case. These cases are subject to two different renewable generation scenarios, a moderate renewable generation scenario, representative of current levels of renewable generation deployment, and a future high renewables scenario, including the increased deployment of rooftop solar photovoltaic and electric vehicles. The transactive coordination scheme is shown to produce effective and stable control and decrease peak loads 9–15%. The resulting annual demand flexibility provides net economic savings of $3.3–5.0B per year for a region the size of Texas. Detailed analysis shows that net benefits were seen for a range of distribution system operator, customer, and flexible asset types. Both participating customer (with transactive flexible assets) and nonparticipating customers (with nonflexible assets) see reductions in annual utility bills and net annual energy expenses in the range of 10–16%.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Distribution System Operator with Transactive (DSO+T) Study: Volume 1 (Main Report)

The Distribution System Operator with Transactive (DSO+T) study investigates the engineering and economic performance of a transactive energy retail market coordinating a high penetration of customer-side flexible energy assets. The study seeks to answer whether such an implementation is cost effective for customers, recovers sufficient revenue for DSOs, and is equally applicable and beneficial to a range of flexible asset types, renewable generation scenarios, and market assumptions. Using a highly interdisciplinary co-simulation and valuation framework, this assessment encompasses the entire electrical delivery system from bulk system generation and transmission, through the distribution system, to the modeling of individual customer buildings and flexible assets (including heating, ventilation, and air conditioning [HVAC] units, water heaters, batteries, and electric vehicles). The study exercises a transactive energy retail market coordination scheme designed to integrate with an existing day-ahead and real-time competitive wholesale electricity market. Software decision-making agents are designed for the retail market operator as well as various price-responsive flexible assets. The engineering and economic performance of the transactive energy scheme is studied for two separate flexible asset deployments: flexible loads (HVAC units and residential water heaters) and behind-the-meter batteries. The results of each transactive case are compared to a business-as-usual case. These cases are subject to two different renewable generation scenarios, a moderate renewable generation scenario, representative of current levels of renewable generation deployment, and a future high renewables scenario, including the increased deployment of rooftop solar photovoltaic and electric vehicles. The transactive coordination scheme is shown to produce effective and stable control and decrease peak loads 9–15%. The resulting annual demand flexibility provides net economic savings of $3.3–5.0B per year for a region the size of Texas. Detailed analysis shows that net benefits were seen for a range of distribution system operator, customer, and flexible asset types. Both participating customer (with transactive flexible assets) and nonparticipating customers (with nonflexible assets) see reductions in annual utility bills and net annual energy expenses in the range of 10–16%.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DSO+T: Transactive Energy Coordination Framework (DSO+T Study: Volume 3)

This report describes a transactive energy coordination scheme designed to integrate into existing day-ahead and real-time wholesale energy markets. This scheme was evaluated in the Distribution System Operator with Transactive (DSO+T) study to assess the engineering and economic performance of the transactive energy coordination of a large-scale deployment of distributed energy resources (DER). Transactive agents were developed for a range of DERs (heating, ventilation, and air conditioning units, water heaters, batteries, and electric vehicles) that optimize flexibility over a 48-hour horizon and adjust their strategy in response to changes in real-time prices. A transactive energy coordination scheme, executed by a DSO retail market operator, aggregates these DER bids from participating customers and clears them against a DSO supply curve using a double auction market mechanism. The process of constructing the price-quantity DSO supply curve includes distribution-level transportation constraints (for example, substation congestion limits) and forecast locational marginal price of the DSO’s connected transmission node. The resulting day-ahead and real-time quantities are then bid into a competitive wholesale market operated by an independent system operator. This report also details additional capabilities for proper marketplace simulation such as wholesale price, weather, and load forecasting. The report concludes with a discussion of lessons learned and key design features required to ensure successful operation.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Regulatory Implications of Embedded Grid Energy Storage

Electricity is unique among commodities in that its supply chain was developed without a storage component. Every other resource commodity has the ability to store excess quantities built into its supply chain – in the form of granaries, warehouses, reservoirs, etc. This embedded storage creates a buffer for mismatches between supply and demand, stabilizing prices and protecting customers. Recent technological advances in cost-competitive energy storage technologies that are scalable and flexible have made the concept of embedded electrical storage feasible, but several regulatory questions remain. This paper summarizes energy regulatory structures in the U.S. and the implications that they would have for embedded storage on the electric grid. Regulatory challenges for embedded storage include the lack of underlying standards, inclusion in planning processes, ownership models, compensation, and metrics. Two possible pathways forward are explored: an incremental one including regulatory guidance regarding the evaluation of embedded storage in existing planning processes, and a complex one involving the revision of existing reliability standards or the development of a new standard specific to embedded storage.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Development and Validation of Southeast Asia Solar Resource Data [Slides]

Lack of access to high-quality, publicly available, time series solar data to inform decisions that will transform energy sectors in Southeast Asia is a challenge. The solution is to level the playing field by offering free, high-quality, robust solar data to inform private sector investment and policymaking. This is done by (1) leveraging deep NREL expertise in atmospheric science, solar resource assessment, high-performance computing, and cloud-based data dissemination, (2) producing and validating high spatial and temporal resolution solar resource data, (3) making data available on the USAID-funded global Renewable Energy Data Explorer platform, (4) providing capacity building for data and applications, and (5) informing future demand-driven tool development.

14 SOLAR ENERGY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Indiana

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Iowa

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Kansas

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Kentucky

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

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Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Louisiana

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Phase I: Natural Gas-Based Energy Storage at Abbott Power Plant

Compressed Natural Gas Energy Storage (CNGES), uses the potential energy of compressed natural gas within an integrated energy storage system. Specifically, an inventory of high-pressure natural gas is stored during off-peak hours in a first stage by controlling the balance of gas entering a pipeline from the transmission system, and in a second stage by using new compressors to fill vessels onsite. The natural gas storage medium is then discharged through an expander-generator to use the potential energy from the gas to generate electricity without combustion. The excess chemical energy stored in the natural gas is integrated with an existing fossil-based asset to provide power generation during peak hours and increase the reliability of the associated fossil generating facility.

03 NATURAL GAS↗

Electricity demand in South Asia – data gaps and pathways for research and modeling

South Asia is one of the fastest growing regions - economically and energy-wise in the world. However, there are significant uncertainties in how the energy demand would grow given the rapidly rising incomes, urbanization, industrialization, access to energy, warming climate and technological change. The transition to clean energy in the region is a priority and is critical to limiting emissions in the region and increasing regional energy security. The power sector will play an important role in decarbonization of energy systems, lowering emissions in other sectors through electrification. However, as existing end uses are scaled up more and new end uses are electrified, the temporal and spatial patterns of electricity consumption could change. These changes have implications for the magnitude, shape, and timing of peak demand, which in turn affects the power sector’s investments and operations, and ability to provide reliable power. In this report, we outline key uncertainties in demand growth that South Asian countries would face in the near to medium term, along with summarizing insights from stakeholder consultations we held over the past 6 months.

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Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Mississippi

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Missouri

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Cost-Effectiveness of ANSI/ASHRAE/IES Standard 90.1-2019 for Montana

This report describes the methodology and results of a state cost-effectiveness analysis of ASHRAE Standard 90.1-2019. Moving to the Standard 90.1-2019 edition from Standard 90.1-2016 is found to be cost-effective for the state. Annual energy cost savings, added construction costs, and life-cycle costs are all described and presented here for various building types and climate zones.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗