Electric utility valuations of investments to reduce the risks of long-duration, widespread power interruptions, part II: Case studies
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The primary purpose of this brief, and the full assessment from which its content is derived, is to assist USAID staff in identifying opportunities for designing new interventions that integrate climate finance into their existing/planned energy sector programming. USAID staff are encouraged to review the various examples presented to determine if any aspect of the proposed approaches are applicable to the countries/regions in which they operate.
The Facility for Rare Isotope Beams (FRIB) that will begin operations later this year will vastly increase the number of unstable isotopes available for experiments that, together with new theoretical developments will expand our understanding of nuclear structure and nuclear reactions that produce the elements of the periodic table and power the cosmos. The knowledge and understanding gained from FRIB will benefit a variety of applications including stockpile science, nuclear forensics, nonproliferation, nuclear energy, and nuclear medicine. LLNL is actively involved in a variety of basic and applied science activities related to FRIB. These activities are listed below and documented in the following sections: 1. FRIB Decay Station, 2. Isotope Harvesting, 3. Direct Reactions, 4. Surrogate Reactions, 5. Nuclear Structure and Collectivity, 6. Nuclear Fission, and 7. Nuclear Theory.
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The goal of this project is to develop a new process for metal recovery and recycle based on OREATE (Oxide Reduction by Electrochemical Amalgamation and Thermal Extraction). OREATE will be able to efficiently transform PuO 2 into metal (e.g., Pu-242) as well as recover and recycle actinide and rare earth metals after chlorination. The main objectives for FY24 are to complete the TRL assessment of the OREATE process and to achieve a throughput increase, transitioning from mg to gram quantities of metal.
As electricity markets begin to shift from reliance on large, centralized power plants and towards distributed energy resources (DERs), there is a growing acknowledgement that more efficient planning, operations, and oversight is needed in the distribution system. This paper addresses one step in that direction by proposing an auction mechanism that uses a detailed distribution system planning model that allocates permits to end-used customers who request capacity to install new devices at their location and network upgrade contracts to utilities or 3rd-party companies who offer to upgrade system components. The resulting plan maximizes market surplus, that is, maximizes the total benefit to consumers minus the cost of network upgrades. We apply a marginal pricing scheme to the auction’s results such that the cost of each permits or contracts is differentiated by time and location, based on the Lagrangian multipliers of binding network constraints. These prices are shown to be no greater than the bid price of any awarded contract and no less than the offered cost of any awarded upgrade contract. Furthermore, the nonlinearity of power flows in the planning model result in an additional surplus that would be collected by the entity that hosts the auction, which could then be refunded to market participants or used to cover overhead costs of running the market. We provide four example auction results in a simple three-node distribution feeder to demonstrate the properties of the design. Results suggest that larger or more realistic case studies could be a promising next step.
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