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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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All sourcesNASA NTRSDOE OSTI
DOE OSTI2020

Optimal Operation for Resilient and Economic Modes in an Islanded Alaskan Grid

Legacy energy management systems for distribution system or microgrids are typically driven by economics. During extreme events, resiliency can be defined as ability of the system to keep supplying critical loads. Resilient operation during extreme events (e.g. avalanche in Alaska) may require decision variables to be different and conflicting with economic operation. Operational objectives are driven by a complex consideration of the economic, reliable and resilient operation of the system: economic and reliable in normal operating state and resilient during extreme events. Challenge is to move between economic and resilient operation in optimal manner and setting up problem formulation and constraints specially with Distributed Energy Resources (DERs). In this paper, we focus on striking a balance between optimal economic and resilient operation using novel formulation and developed tool called Resiliency Enabled Energy System Operation Toolbox (RE-ESOT). Simulation results are provided for a real islanded grid in Alaska with battery energy systems.

50 EE - Wind and Water Power Program - Water (EE-4↗
DOE OSTI2021

Economic Impact of Pacific Northwest National Laboratory (PNNL) on the State of Washington in Fiscal Year 2020

The FY 2020 Economic Impact Report details several of PNNL’s economic indicators, including PNNL’s total economic output, annual spending, jobs, number of employees, purchased goods and services, companies with roots in PNNL, STEM support and corporate charitable contributions. It also explains the economic impact of PNNL operations on the state of Washington—all within the context of PNNL’s response to the COVID pandemic and the effect of COVID-19 on PNNL’s economic impact within the state and local community during FY 2020. The results are impressive. Our response to COVID allowed for the majority of our staff to transition to telework, stay productive, avoid furloughs, and even hire new staff. COVID had minimal impact on our ability to positively effect economic impact in the state and community. Additionally, we directly and indirectly supported more than $1.59B through PNNL payroll and domestic purchased goods and services, and we generated 7,580 jobs in Washington State. PNNL’s annual spending was more than $1.1B. Battelle and PNNL contributions to philanthropic and civic organizations totaled $1.08M, many of which are outlined within the report. This information is intended to answer questions we often get from stakeholders who believe in the power of science and technology institutions to help sustain vibrant, educated communities in our state.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2021

Territorial Economic Impact Index: Measuring the ongoing effects of long-term disruptions to Pacific Island Territories

The Territorial Economic Impact Index (TEII) estimates the change in overall territory-level economic activity during the COVID-19 pandemic relative to January 2020. It shows which Pacific Island Territories may be more susceptible to large reductions in economic activity compared to normal conditions by looking at which industries make up each territory’s economy and then tracking monthly changes in industry employment at the U.S. national level. Economic activity in the TEII is measured by the total value added of all industries within the territory. Territories with economic activities dominated by industries experiencing rising unemployment can expect larger direct impacts to their local economies, particularly if the industries account for a large portion of the economic output of that county. Results are available for all three Pacific Island Territories: American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.

99 GENERAL AND MISCELLANEOUS↗
DOE OSTI2023

Potential Cooling Energy Savings of Economizer Control and Artificial-Neural-Network-Based Air-Handling Unit Discharge Air Temperature Control for Commercial Building

Heating, ventilation, and air-conditioning (HVAC) systems play a significant role in building energy consumption, accounting for around 50% of total energy usage. As a result, it is essential to explore ways to conserve energy and improve HVAC system efficiency. One such solution is the use of economizer controls, which can reduce cooling energy consumption by using the free-cooling effect. However, there are various types of economizer controls available, and their effectiveness may vary depending on the specific climate conditions. To investigate the cooling energy-saving potential of economizer controls, this study employs a dry-bulb temperature-based economizer control approach. The dry-bulb temperature-based control strategy uses the outdoor air temperature as an indicator of whether free cooling can be used instead of mechanical cooling. This study also introduces an artificial neural network (ANN) prediction model to optimize the control of the HVAC system, which can lead to additional cooling energy savings. To develop the ANN prediction model, the EnergyPlus program is used for simulation modeling, and the Python programming language is employed for model development. The results show that implementing a temperature-based economizer control strategy can lead to a reduction of 7.6% in annual cooling energy consumption. Moreover, by employing an ANN-based optimal control of discharge air temperature in air-handling units, an additional 22.1% of cooling energy savings can be achieved. In conclusion, the findings of this study demonstrate that the implementation of economizer controls, especially the dry-bulb temperature-based approach, can be an effective strategy for reducing cooling energy consumption in HVAC systems. Additionally, using ANN prediction models to optimize HVAC system controls can further increase energy savings, resulting in improved energy efficiency and reduced operating costs.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2024

Economic and Jobs Impacts of Point-Source Carbon Capture in Cement Industry – Case Study

The cement industry accounts for an estimated 8% of global CO2 emissions, which surpasses that of the entire aviation sector. In contrast with other industries, where CO2 emissions can be drastically reduced via electrification or fuels substitution, cement production releases CO2 as part of its process, during the calcination of carbonates to yield oxides. Thus, point-source carbon capture has become a key technology in the cement industry’s decarbonization. Apart from the expected environmental benefits, point-source carbon capture in the cement industry can yield important economic benefits and create jobs. The objective of this study was to perform a preliminary assessment of the economic and workforce impacts associated with the construction and operation of a point-source carbon capture retrofit of an existing cement production facility, using as a basis the data from a front-end engineering design (FEED) study to install a 3.9 million metric tons per year (Mtpy) CO2 capture facility at Holcim Ste Genevieve cement plant in Missouri, United States of America. The advanced carbon capture technology used in this FEED study was Air Liquide’s Cryocap™ FG carbon capture technology. The study evaluated the direct, indirect, and induced economic impacts of the construction, operation, and maintenance activities of the project over its lifespan. It also covered how the project will generate new jobs, their nature, and quantity, along with strategies to prepare the workforce. To perform this study, construction, operation, and maintenance cost estimates, as well as construction and operation staffing plans from the FEED study were input into IMPLAN version 7.5 software, licensed by IMPLAN Group LLC (Huntersville, VC), to predict the direct, indirect and induced economic impacts of the project using industry multipliers from the software. Additionally, recruitment strategies were developed for hiring individuals who belong to groups that are historically underserved or underrepresented, as well as anticipated recruitment of workers from the local community (whether training will be required or if the skills are associated with an existing labor force). The analysis estimated that the construction and operation of the carbon capture at Holcim Ste. Genevive will result in over 24 thousand work-years of job opportunities, close to USD 10 billion of economic impacts, including over USD 460 million of tax revenue. These results encompass the direct, indirect, and induced effects. A strategy to maximize hiring from the project and neighboring counties was developed, leveraging training agreements with local trade groups and universities. The result of this study can be used for a strategic preliminary assessment of the potential regional economic and job impacts of retrofitting existing cement plants with point source carbon systems, and its methodology can be replicated to individual projects to aid in planning and workforce development.

01 COAL, LIGNITE, AND PEAT↗
DOE OSTI2023

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↗
DOE OSTI2020

Environmental and economic optima of solar home systems design: A combined LCA and LCC approach

Here, we compare the economic and environmental optimal design of Solar Home Systems (SHSs) and explore the role of economic incentives (such as tariffs and technology costs) in approximating the two optima. To achieve that, we present a methodology for the environmental and economic evaluation of grid-connected SHSs: user-scale electric systems involving a photovoltaic (PV) power system and a battery energy storage system. The proposed methodology is based on a mixed integer linear programming (MILP) optimization, life cycle assessment and life cycle costing. This methodological framework is applied to a case study involving a typical SHS installation in Italy. The results of the environmental optimal design brought to the evaluation of a 3.25 kW PV assisted by 8.66 kWh of nickel cobalt manganese batteries, whereas the costs of the SHS are minimized by a small PV system (less than 1 kW). Results underline that the environmental optimal configurations rely on battery technologies, which entails a significant cost compared to the grid connection. In contrast, the economic optimal design solutions is less impactful than the grid mix both from an environmental and economic points of view. Thanks to a reduction of batteries and PV costs, the environmental impact of the economic optimal design is expected to decrease in the future.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2021

Geospatial assessment of the economic opportunity for reforestation in Maryland, USA

Afforestation and reforestation have the potential to provide effective climate mitigation through forest carbon sequestration. Strategic reforestation activities, which account for both carbon sequestration potential (CSP) and economic opportunity, can provide attractive options for policymakers who must manage competing social and environmental goals. In particular, forest carbon pricing can incentivize reforestation on private land, but this may require landholders to forego other profits. Here, we utilize an ambitious geospatial approach to quantify economic opportunities for reforestation in the state of Maryland (USA) based on high-resolution remoting sensing, ecosystem modeling, and economic analysis. Our results identify spatially-explicit areas of economic opportunity where the potential revenue from forest carbon outcompetes the expected profit of existing cropland at the hectare scale. Specifically, we find that under a baseline economic scenario of 20 dollars per ton of carbon (5% rental rate) and decadal average crop profitability, a transition to forest on agricultural land would be more profitable than 23.2% of cropland in Maryland under a 20-year land-use commitment. Accounting for variations in carbon and crop pricing, 5.5% to 55.4% of cropland would be immediately outcompeted by expected forest carbon revenue, with the potential for an additional 0.5% to 10.6% of outcompeted cropland within 20 years. Under the baseline economic scenario, an annual allocation of $5.8 million towards a carbon rental program could protect 6.93 Tg C (2.2% of the state’s total CSP) on reforested croplands. This moderate yearly cost is equal to 9.7% of Maryland’s average annual auction proceeds from participation in the Regional Greenhouse Gas Initiative (between 2014-2018), and 19.3% of the average annual subsidy payments for corn, soy, and wheat allocated over the same period. This methodological approach may be useful for state governments, not-for-profit organizations, or regional climate initiatives interested in identifying strategic areas for reforestation.

54 ENVIRONMENTAL SCIENCES↗
DOE OSTI2022

Westinghouse advanced fuel management strategies leveraging high enrichment and high burnup fuel to optimize PWR economics

In the US, nuclear power plants have been focused on increasing electricity generation for over three decades via longer operating cycles, reduced number of outages and duration, and the implementation of power up-rates. The potential for zero-carbon emission credits and other carbon-reduction initiatives further makes nuclear power utilities to focus on increasing generation capability. Longer operating cycles provide increased energy generation and enable economic savings to nuclear utilities when the increase in fuel loading required to achieve the extended cycle energy target and resulting increase in total fuel cost is offset by the savings from outage avoidance and reduced replacement power costs. For the current licensed limits of 5 w/o {sup 235}U enrichment and 62 GWd/tU peak pin burnup, higher power density PWR plants, which are prevalent in the PWR fleet, require an excessively penalizing fraction of feed fuel assemblies to operate for the extended cycle duration, with inevitably poor fuel use and fuel cycle economics that cannot be counterbalanced by the savings on outage cost avoidance. To overcome this barrier, the nuclear industry is pursuing development of high enrichment/high burnup fuel technology ({sup 235}U enrichment up to 8 w/o and peak pin burnup up to 75 GWd/tU) which increases fuel energy generation capability and can enable high power density plants to achieve positive economics on 24-month cycle of operation. This paper presents advanced fuel management strategies developed by Westinghouse to enable transition of PWR reactors from 18-month to 24-month cycle of operation, with and without a core thermal power uprate, which are then used as basis to assess the economics of a direct transition from 18 to 24-month cycles with high enrichment/high burnup fuel. The results show that these fuel management strategies, especially if coupled with thermal power up-rates, present the opportunity for substantial economic benefits to utilities. The systematic review of fuel management strategies presented can provide an illustrative reference for decision makers as they consider how to maximize nuclear energy generation economically. (authors)

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗
DOE OSTI2022

Updated Economic Model for Estimation of GDP Losses in the MACCS Offsite Consequence Analysis Code RDEIM Model Report for MACCS v4.2

This report updates the Regional Disruption Economic Impact Model (RDEIM) GDP-based model described in Bixler et al. (2020) used in the MACCS accident consequence analysis code. MACCS is the U.S. Nuclear Regulatory Commission (NRC) used to perform probabilistic health and economic consequence assessments for atmospheric releases of radionuclides. It is also used by international organizations, both reactor owners and regulators. It is intended and most commonly used for hypothetical accidents that could potentially occur in the future rather than to evaluate past accidents or to provide emergency response during an ongoing accident. It is designed to support probabilistic risk and consequence analyses and is used by the NRC, U.S. nuclear licensees, the Department of Energy, and international vendors, licensees, and regulators. The update of the RDEIM model in version 4.2 expresses the national recovery calculation explicitly, rather than implicitly as in the previous version. The calculation of the total national GDP losses remains unchanged. However, anticipated gains from recovery are now allocated across all the GDP loss types – direct, indirect, and induced – whereas in version 4.1, all recovery gains were accounted for in the indirect loss type. To achieve this, we’ve introduced new methodology to streamline and simplify the calculation of all types of losses and recovery. In addition, RDEIM includes other kinds of losses, including tangible wealth. This includes loss of tangible assets (e.g., depreciation) and accident expenditures (e.g., decontamination). This document describes the updated RDEIM economic model and provides examples of loss and recovery calculation, results analysis, and presentation. Changes to the tangible cost calculation and accident expenditures are described in section 2.2. The updates to the RDEIM input-output (I-O) model are not expected to affect the final benchmark results Bixler et al. (2020), as the RDEIM calculation for the total national GDP losses remains unchanged. The reader is referred to the MACCS revision history for other cost modelling changes since version 4.0 that may affect the benchmark. RDEIM has its roots in a code developed by Sandia National Laboratories for the Department of Homeland Security to estimate short-term losses from natural and manmade accidents, called the Regional Economic Accounting analysis tool (REAcct). This model was adapted and modified for MACCS. It is based on I-O theory, which is widely used in economic modeling. It accounts for direct losses to a disrupted region affected by an accident, indirect losses to the national economy due to disruption of the supply chain, and induced losses from reduced spending by displaced workers. RDEIM differs from REAcct in in its treatment and estimation of indirect loss multipliers, elimination of double-counting associated with inter-industry trade in the affected area, and that it is intended to be used for extended periods that can occur from a major nuclear reactor accident, such as the one that occurred at the Fukushima Daiichi site in Japan. Most input-output models do not account for economic adaptation and recovery, and in this regard RDEIM differs from its parent, REAcct, because it allows for a user-definable national recovery period. Implementation of a recovery period was one of several recommendations made by an independent peer review panel to ensure that RDEIM is state-of-practice. For this and several other reasons, RDEIM differs from REAcct.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2024

Technical and Economic Assessment and Gap Analysis of Advanced Nuclear Reactor Integration with a Reference Oil Refinery

Efforts to identify the most-economic methods to decarbonize several sectors of the U.S. economy are underway. Industrial processes such as crude-oil refining rely heavily on energy-dense and easily stored and transported fossil fuels for powering their operations. Refineries use large amounts of energy, primarily derived from fossil sources to separate crude-oil components, break down heavier hydrocarbons into lighter compounds, remove impurities, reform hydrocarbon molecules, and generate steam and electricity for pumps and compressors and other various auxiliary systems. Crude-oil refining operations such as distillation, cracking, desulfurization, reforming, utilities systems and some offsite facilities collectively account for most of the energy consumption. Other operations such as hydrocracking or hydrotreating also require hydrogen for developing hydrogenation reactions which involve substantial heating to keep the reactors at high-temperature and pressure levels. All heat and energy demands are typically provided by natural gas (NG), oil, or other fuels, which makes refinery industry one of the most-difficult sectors to decarbonize. Nuclear power is a viable and energy-dense source of clean electricity, heat, and hydrogen to provide the large, sustainable energy supply that the refining industry demands. The U.S. Department of Energy’s (DOE’s) Integrated Energy Systems (IES) program is working to perform research and development, design, economic siting, and risk analysis. This state-of-the-art work will enable the first on-site demonstrations and commercial deployments of advanced small modular nuclear reactors (SMNRs) integrated with industries such as chemical production, refining, iron and steel making, and more. IES seeks to demonstrate the ability of advanced nuclear reactors to meet the heat and power demands of these industries while reducing carbon emissions in a sustainable and cost-competitive way. The primary objective of this research effort is to analyze industrial-scale SMNR integration intended to decarbonize refining facilities. The foreseen outcome is the provision of reliable, cost-competitive, and sustainable clean energy, alongside a reduction of carbon emissions. Specifically, the focus of this work lies on meeting the reference facilities’ heat and electricity demands with nuclear power while also supplying clean hydrogen via integrated high-temperature steam electrolysis (HTSE). This report presents a comprehensive technical and economic assessment of the integration of advanced nuclear reactors into a reference refinery, leveraging financial incentives from the Inflation Reduction Act (IRA). The evaluation aims to explore the potential economic benefits and challenges associated with incorporating advanced nuclear reactors into refinery operations, particularly in terms of energy efficiency, economic implications and environmental impact. By examining both the technical feasibility and economic viability, this analysis seeks to identify existing gaps and propose solutions for successful nuclear integration implementation. The findings are intended to provide valuable insights for stakeholders considering the adoption of advanced nuclear reactors in the refining sector. A refinery reference-plant was developed, using an open-source refinery model, Petroleum Refinery Lifecycle Inventory Model (PRELIM) and expert assessment, as a base case for comparison with various nuclear integration options. The capacity of 100 kbd/day (KBD) of heavy crude-oil feed was selected to represent a general coking-type refinery with deep conversion capabilities (incorporating heavy-oil upgrading with FCC, coking, and associated hydrotreating process units), using a heavy crude-oil feed, which represents about 70% of U.S. refineries configurations. A summary of all cases considered in this study is shown in Table 1.

13 HYDRO ENERGY↗
NASA NTRS1975

A survey of the economics of materials processing in space

A survey of the economics of space materials processing has been performed with the objectives of identifying those areas of space materials processing that give preliminary indication of significant economic potential, and to identify possible approaches to quantify the economic potential. It is concluded that limited economic studies have been performed to date, primarily in the area of the processing of inorganic materials, but that the economics of space processing of biological material has not received adequate attention. Specific studies are recommended to evaluate the economic impact of human lymphocyte subgroup separation on organ transplantation, and on the separation and concentration of urokinase producing cells.

Miller, B. P.↗
NASA NTRS1980

Solar energy system economic evaluation: IBM System 4, Clinton, Mississippi

An economic analysis of the solar energy system was developed for five sites, typical of a wide range of environmental and economic conditions in the continental United States. The analysis was based on the technical and economic models in the F-chart design procedure, with inputs based on the characteristic of the installed system and local conditions. The results are of the economic parameters of present worth of system cost over a 20 year time span: life cycle savings, year of positive savings and year of payback for the optimized solar energy system at each of the analysis sites. The sensitivity of the economic evaluation to uncertainties in constituent system and economic variables is also investigated.

Source record↗
NASA NTRS1980

Solar energy system economic evaluation for Seeco Lincoln, Lincoln, Nebraska

The economic analysis of the solar energy system that was installed at Lincoln, Nebraska is developed for this and four other sites typical of a wide range of environmental and economic conditions in the continental United States. This analysis is accomplished based on the technical and economic models in the f chart design procedure with inputs based on the characteristics of the installed system and local conditions. The results are expressed in terms of the economic parameters of present worth of system cost over projected twenty year life: life cycle savings, year of positive savings and year of payback for the optimized solar energy system at each of the analysis sites. The sensitivity of the economic evaluation to uncertainties in constituent system and economic variables is also investigated.

Source record↗
NASA NTRS2017

Building an Economical and Sustainable Lunar Infrastructure to Enable Lunar Industrialization

A new concept study was initiated to examine the architecture needed to gradually develop an economical, evolvable and sustainable lunar infrastructure using a public/private partnerships approach. This approach would establish partnership agreements between NASA and industry teams to develop a lunar infrastructure system that would be mutually beneficial. This approach would also require NASA and its industry partners to share costs in the development phase and then transfer operation of these infrastructure services back to its industry owners in the execution phase. These infrastructure services may include but are not limited to the following: lunar cargo transportation, power stations, communication towers and satellites, autonomous rover operations, landing pads and resource extraction operations. The public/private partnerships approach used in this study leveraged best practices from NASA's Commercial Orbital Transportation Services (COTS) program which introduced an innovative and economical approach for partnering with industry to develop commercial cargo services to the International Space Station. This program was planned together with the ISS Commercial Resupply Services (CRS) contracts which was responsible for initiating commercial cargo delivery services to the ISS for the first time. The public/private partnerships approach undertaken in the COTS program proved to be very successful in dramatically reducing development costs for these ISS cargo delivery services as well as substantially reducing operational costs. To continue on this successful path towards installing economical infrastructure services for LEO and beyond, this new study, named Lunar COTS (Commercial Operations and Transport Services), was conducted to examine extending the NASA COTS model to cis-lunar space and the lunar surface. The goals of the Lunar COTS concept are to: 1) develop and demonstrate affordable and commercial cis-lunar and surface capabilities, such as lunar cargo delivery and surface power generation, in partnership with industry; 2) incentivize industry to establish economical and sustainable lunar infrastructure services to support NASA missions and initiate lunar commerce; and 3) encourage creation of new space markets for economic growth and benefit. A phased-development approach was also studied to allow for incremental development and demonstration of capabilities needed to build a lunar infrastructure. This paper will describe the Lunar COTS concept goals, objectives and approach for building an economical and sustainable lunar infrastructure. It will also describe the technical challenges and advantages of developing and operating each infrastructure element. It will also describe the potential benefits and progress that can be accomplished in the initial phase of this Lunar COTS approach. Finally, the paper will also look forward to the potential of a robust lunar industrialization environment and its potential effect on the next 50 years of space exploration.

Zuniga, Allison F.↗
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

A techno-economic assessment framework for hydrogen energy storage toward multiple energy delivery pathways and grid services

Hydrogen energy storage (HES) transforms and stores electric energy from the grid into hydrogen, and supplements other energy storage and demand response resources in addressing challenges in renewable-intensive power systems. Understanding how to optimally utilize an HES system to maximize its economic benefits from stacked value streams is highly important to its development and deployment. Here, in this paper, we present a techno-economic assessment framework for an HES system considering three common energy delivery pathways and multiple grid and end-user services. Models are developed to capture the operational capability, flexibility, and constraints associated with hydrogen production, compression, storage, and utilization as well as different grid services in an economic assessment. To define the technically achievable benefits, an optimal dispatch formulation is proposed to maximize the economic benefits over a representative year with an hourly time step considering the trade-offs among different value streams. Representative case studies are designed and carried out to show how system configuration, energy delivery pathways, and grid services may affect economic benefits. It was found that value streams from bundling grid services account for up to 76% of the total benefits and are critical for an HES project to be financially viable.

25 ENERGY STORAGE↗
DOE OSTI2022

Physical solvents and techno-economic analysis for pre-combustion CO 2 capture: A review

In this manuscript we review the use, development, and economic performance of physical solvents for pre-combustion CO 2 capture from high pressure H 2 rich syngas streams. Commercially available physical solvents are presented, followed by an assessment of the ideal properties that are important for development of novel solvents for CO 2 capture from high-pressure syngas streams. To compare the technical and economic performance of traditional and novel physical solvents, a review of the methods, assumptions and models used in techno-economic analysis (TEA) studies was conducted. It was found that, although some novel solvents show promising technical performance in the laboratory (e.g., high CO 2 absorption capacity and low vapor pressure), other issues (e.g., solvent viscosity and cost) may limit their industrial applications. Process simulations were useful tools for modeling the technical performance of processes using traditional and novel solvents. However, model predictions are most reliable when the methods and correlations used to develop the process simulation are validated with representative experimental data, in particular highly accurate baseline models are required for fair comparison among physical solvents. The key inputs and assumptions in pre-combustion CO 2 capture TEAs have also been summarized. Some studies showed that the promising technical performance of novel physical solvents can be offset by the high and often unknown costs of these solvents. Future development of novel physical solvents for pre-combustion CO 2 capture will benefit from more studies that conduct in-depth techno-economic analysis, specifically with validated process simulations and transparent economic models.

42 ENGINEERING↗