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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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61 records · Page 4
All sourcesNASA NTRSDOE OSTI
DOE OSTI2022

FECM/NETL Unconventional Shale Well Economic Model (UShWEM)

FECM/NETL Unconventional Shale Well Economic Model (UShWEM) is an Excel-based model that evaluates the economics of an unconventional shale well on a per-well and per-pad basis. The model calculates the net cash flow, internal rate of return (IRR), net present value (NPV), earnings before interest, taxes, depreciation, and amortization (EBITDA), payout month and year, and breakeven price (for either oil- or gas-wells). The model can be used to estimate the economics of a well or pad over its lifetime (development through site reclamation) based on (1) the capital and operating costs associated with well/pad development and operations, (2) the revenue associated with oil, gas, and condensate production streams, and (3) accounting for relevant tax policies and asset depreciation applicable for oil and gas operations. The main input for the model is the completion design and production data. Key financial considerations in the model include oil, gas, and condensate market prices, tax-related settings, royalty rates, the discount rate, minimum economic hurdle (IRR) [if performing break-even analysis], and project contingency. The financial consideration can be adjusted to reflect the level of granularity the user requires as input when calculating the economics for a well or pad development. In addition, the model affords users the option to provide their user inputs for all cost categories considered. As a result, the model can be used to generate a multitude of scenario cases for sensitivity analysis of the various financial considerations, as well as production and cost profiles. To make this seamless, the model has the capability for key economic outputs to be exported in large batches through macros-enabled functions on its “Model Output Summary” and “Multi-Well Cost Analysis. The spreadsheet model includes macros and user-defined functions, so the user must enable Excel’s macro capability for the model to function correctly.

Sheriff, Alana↗
DOE OSTI2022

M2CT-22IN1202096 Design for Carbon Conversion Product Pathways with Nuclear Power Plant Integration

Coal is a globally abundant resource that historically has been used for power generation via combustion. As the power industry replaces coal with cleaner methods of generation, energy-rich coal could be used in other chemical and fuel applications. This study presents a coal utilization option in which coal combustion is replaced with a carbon-free nuclear power plant and the coal is upgraded to valuable products for a variety of markets. Coal is prepared for conversion first by the pyrolysis process, which will optimize solid, liquid, and gaseous products based on the market size and potential product value, maximizing the monetary value of coal. This process is designed using bituminous coal from the Appalachian region as a basis to provide a pathway to preserve or transition coal-related jobs and create new jobs associated with the clean energy transition. Process modeling in the AspenOne Suite will be used to determine each component’s sensitivities, costs, inputs, and outputs. Dispatch modeling in the FORCE toolset will optimize the entire system and calculate the NPV for the refinery lifetime. Advanced and light-water reactors are considerations to supply the heat, steam, and electricity to the process. This paper focuses on the technical and market analysis used to determine the optimal processes and product pathways for the carbon refinery. Product pathways are on activated carbon, formic acid synthesis, and methanol synthesis for further upgrading to marketable chemical and polymer products.

01 COAL, LIGNITE, AND PEAT↗
DOE OSTI2024

Quantifying Investment Risk: Analysis of the Purchase Decision of a Nuclear Power Plant (Presentation)

Cost overruns are an ill-fated part of the deployment history of nuclear power plants (NPPs) in the United States, and yet studies increasingly show the important role nuclear technologies must play in decarbonizing the U.S. economy. Paradoxically, then, a key piece of a coherent decarbonization strategy depends on attracting investor action to a purchase where historical cost overruns have been sizable. To address this challenge, this study aims to develop a financial model that quantifies the risk of cost overruns in the decision-making process for purchasing advanced reactor concepts. Using the concept of value at risk (VaR), the model is built to evaluate financial risk nuclear construction with the aim to identify risk mitigation strategies. The objective is to identify strategies to mitigate cost-risk challenges and assess the potential reduction in investor risk exposure. This paper presents the initial development and preliminary verification of the financial risk analysis model. The development of this model involved a comprehensive approach to estimating financial risk over the operating life of NPP that stems from construction uncertainties. By utilizing net present value (NPV) with discounted cash flows, the model captures the complex interconnections of project costs, construction timelines, revenue, and uncertainties. Verifying the model involved testing historical data from previous reactor construction projects against the construction project of Vogtle 3 and 4. This paper’s results present the comparison of the preconstruction cost overrun prediction with the current cost estimates from a nearly complete Vogtle 3 and 4.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗
DOE OSTI2024

Quantifying Investment Risk: Analysis of the Purchase Decision of a Nuclear Power Plant

Cost overruns are an ill-fated part of the deployment history of nuclear power plants (NPPs) in the United States, and yet studies increasingly show the important role nuclear technologies must play in decarbonizing the U.S. economy. Paradoxically, then, a key piece of a coherent decarbonization strategy depends on attracting investor action to a purchase where historical cost overruns have been sizeable. To address this challenge, this study aims to develop a financial model that quantifies risk of cost overruns in the decision-making process for purchasing advanced reactor concepts. Using the concept of Value at Risk (VaR), the model is built to evaluate financial risk nuclear construction with the aim to identify risk mitigation strategies. The objective is to identify strategies to mitigate cost-risk challenges and to assess the potential reduction in investor risk exposure. The paper presents the initial development and preliminary verification of the financial risk analysis model. The development of this model involved a comprehensive approach to estimating financial risk over the operating life of NPP that stems from construction uncertainties. By utilizing net present value (NPV) with discounted cash flows, the model captures the complex interconnections of project costs, construction timelines, revenue, and uncertainties. Verification of the model involved testing historical data from previous reactor construction projects against the construction project of Vogtle 3 and 4. The results of this paper present the comparison of the preconstruction cost overrun prediction with the current cost estimates from a nearly complete Vogtle 3 and 4.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2026

Techno-Economic Assessment of Data Center Load Demand Powered by Small Modular Reactors and Distributed Energy Resources

The rapid increase in data center energy demand, driven by AI and large-scale data processing, poses significant challenges to global energy infrastructure. Data centers require substantial and reliable energy for continuous operations and high-performance computing. Current electrical grids face issues such as transmission bottlenecks and aging infrastructure, making it difficult to meet these demands. Integrating inverter-based-resources (IBRs) like solar and wind presents both opportunities and challenges due to their intermittent nature. Small Modular Reactors (SMRs) offer a promising solution with their enhanced safety, modularity, reliability, and scalability, providing consistent base load power ideal for data center operations. This study presents a comprehensive techno-economic assessment of powering data center load demand using a combination of SMRs and IBRs with grid-connected and islanded mode. This study utilized Idaho National Laboratory’s (INL) HPC data center hourly load profiles and Xendee microgrid optimization platform to conduct the analysis. In this configuration, SMRs serves as the primary base load power source, consistently providing a steady supply of electricity necessary to meet the minimum load demand of the data center with support from the IBRs. Key performance indicators such as Levelized Cost of Electricity (LCOE), Net Present Value (NPV) has been calculated to assess the economic feasibility. The findings from this research will underscore the strategic benefits of integrating SMR plant with DERs – particularly for critical infrastructure load such as data centers.

14 - SOLAR ENERGY↗
DOE OSTI2025

DEVELOPMENT AND APPLICATION OF RISK ANALYSIS TOOLKIT FOR PLANT RESOURCE OPTIMIZATION

This paper presents the development of methods and tools that are being designed to optimize plant operations (e.g., maintenance/replacement schedules and optimal maintenance postures for plant components) in a manner that is more cost effective than current approaches and makes better use of available component health and cost data. These methods include both data- and model-based optimization methods. Model-based optimization methods directly include reliability and cost models to determine an optimal plant operational strategy. We consider gradient-based and evolutionary (based on genetic algorithms) optimization methods. The second class of methods target more specific use cases (e.g., project schedule optimization) and are not based on reliability models directly, but they require specific component reliability and cost data. This class of methods is based on variants of the knapsack problem with an aim to determine an optimal project schedule that maximizes the overall NPV. This paper also presents multi-objective methods designed to identify an optimal maintenance posture based on a Pareto frontier analysis. Rather than dictating the “right” tradeoff (i.e., identify the absolute best posture), we show how it is possible to perform a trade space exploration approach (i.e., identify value and costs of several postures and let the analysis account for desired value and cost metrics). This is performed by identifying maintenance postures that maximize value (e.g., system availability) and minimize operational costs, i.e., the Pareto frontier in a value-cost trade space. For all these methods we present detailed applicative examples that show their validity from a decision-making perspective.

97 - MATHEMATICS AND COMPUTING↗
DOE OSTI2022

MOPED: An Alternative Workflow for HERON

MOPED is an alternate workflow to HERON. Preliminary tests display computational advantages of MOPED in terms of run time. While maintaining these advantages, solution convergence remained similar.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗