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At least 937 records · Page 52

Geothermal FIT Design: International Experience and U.S. Considerations

Developing power plants is a risky endeavor, whether conventional or renewable generation. Feed-in tariff (FIT) policies can be designed to address some of these risks, and their design can be tailored to geothermal electric plant development. Geothermal projects face risks similar to other generation project development, including finding buyers for power, ensuring adequate transmissioncapacity, competing to supply electricity and/or renewable energy certificates (RECs), securing reliable revenue streams, navigating the legal issues related to project development, and reacting to changes in existing regulations or incentives. Although FITs have not been created specifically for geothermal in the United States to date, a variety of FIT design options could reduce geothermalpower plant development risks and are explored. This analysis focuses on the design of FIT incentive policies for geothermal electric projects and how FITs can be used to reduce risks (excluding drilling unproductive exploratory wells).

15 GEOTHERMAL ENERGY↗

Geothermal Exploration Policy Mechanisms: Lessons for the United States from International Applications

This report focuses on five of the policy types that are most relevant to the U.S. market and political context for the exploration and confirmation of conventional hydrothermal (geothermal) resources in the United States: (1) drilling failure insurance, (2) loan guarantees, (3) subsidized loans, (4) capital subsidies, and (5) government-led exploration. It describes each policy type and its application in other countries and regions. It offers policymakers a guide for drafting future geothermal support mechanisms for the exploration-drilling phase of geothermal development.

15 GEOTHERMAL ENERGY↗

Geothermal Exploration Policy Mechanisms: Lessons for the United States from International Applications

This report focuses on five of the policy types that are most relevant to the U.S. market and political context for the exploration and confirmation of conventional hydrothermal (geothermal) resources in the United States: (1) drilling failure insurance, (2) loan guarantees, (3) subsidized loans, (4) capital subsidies, and (5) government-led exploration. It describes each policy type and its application in other countries and regions. It offers policymakers a guide for drafting future geothermal support mechanisms for the exploration-drilling phase of geothermal development.

15 GEOTHERMAL ENERGY↗

Banking on Solar: New Opportunities for Lending (Fact Sheet)

The U.S. solar industry is a $13.7 billion market with roughly 450,000 systems in place. Bank and credit union lending for solar system deployment represents a valuable new opportunity for lenders to expand their consumer and commercial customer relationships, bring on new relationships and open a new asset class category.

14 SOLAR ENERGY↗

Best Practices for Selecting an ESCO: ESPC Accelerator

This document details steps and best practices for selecting an energy services company (ESCO), including how to conduct a request for proposals, to execute energy savings performance contracting (ESPC) projects.

EPSC, Energy Savings Performance Contracting, ESCO↗

Key Accomplishments & Results: ESPC Accelerator

This document provides a high-level summary of the results of DOE’s Better Buildings Energy Savings Performance Contracting Accelerator, which was a three-year partnership with states, local governments, and K-12 schools to expand access to performance contracting.

Energy Savings Performance Contracting, ESPC, Econ↗

Local Risk-Minimization for Defaultable Claims with Recovery Process

We study the local risk-minimization approach for defaultable claims with random recovery at default time, seen as payment streams on the random interval [0,{tau} Logical-And T], where T denotes the fixed time-horizon. We find the pseudo-locally risk-minimizing strategy in the case when the agent information takes into account the possibility of a default event (local risk-minimization with G-strategies) and we provide an application in the case of a corporate bond. We also discuss the problem of finding a pseudo-locally risk-minimizing strategy if we suppose the agent obtains her information only by observing the non-defaultable assets.

97 MATHEMATICS AND COMPUTING↗

A continuation multilevel Monte Carlo algorithm

Here, we propose a novel Continuation Multi Level Monte Carlo (CMLMC) algorithm for weak approximation of stochastic models. The CMLMC algorithm solves the given approximation problem for a sequence of decreasing tolerances, ending when the required error tolerance is satisfied. CMLMC assumes discretization hierarchies that are defined a priori for each level and are geometrically refined across levels. Moreover, the actual choice of computational work across levels is based on parametric models for the average cost per sample and the corresponding variance and weak error. These parameters are calibrated using Bayesian estimation, taking particular notice of the deepest levels of the discretization hierarchy, where only few realizations are available to produce the estimates. The resulting CMLMC estimator exhibits a non-trivial splitting between bias and statistical contributions. We also show the asymptotic normality of the statistical error in the MLMC estimator and justify in this way our error estimate that allows prescribing both required accuracy and confidence in the final result. Our numerical results substantiate the above results and illustrate the corresponding computational savings in examples that are described in terms of differential equations either driven by random measures or with random coefficients.

97 MATHEMATICS AND COMPUTING↗

An Empirical Quantile Estimation Approach for Chance-Constrained Nonlinear Optimization Problems

We investigate an empirical quantile estimation approach to solve chance-constrained nonlinear optimization problems. Our approach is based on the reformulation of the chance constraint as an equivalent quantile constraint to provide stronger signals on the gradient. In this approach, the value of the quantile function is estimated empirically from samples drawn from the random parameters, and the gradient of the quantile function is estimated via a finite-difference approximation on top of the quantile-function-value estimation. We establish a convergence theory of this approach within the framework of an augmented Lagrangian method for solving general nonlinear constrained optimization problems. The foundation of the convergence analysis is a concentration property of the empirical quantile process, and the analysis is divided based on whether or not the quantile function is differentiable. In contrast to the sampling-and-smoothing approach used in the literature, the method developed in this paper does not involve any smoothing function and hence the quantile-function gradient approximation is easier to implement and there are less accuracy-control parameters to tune. Furthermore, we demonstrate the effectiveness of this approach and compare it with a smoothing method for the quantile-gradient estimation. Numerical investigation shows that the two approaches are competitive for certain problem instances.

Applied Probability↗

The mediation of environmental assessment's influence: What role for power?

Considerable empirical research has been conducted on why policy tools such as environmental assessment (EA) often appear to have 'little effect' (after Weiss) on policy decisions. This article revisits this debate but looks at a mediating factor that has received limited attention to-date in the context of EA - political power. Using a tripartite analytical framework, a comparative analysis of the influence and significance of power in mediating environmental policy integration is undertaken. Power is analysed, albeit partially, through an exploration of institutions that underpin social order. Empirically, the research examines the case of a new approach to policy-level EA (essentially a form of Strategic Environmental Assessment) developed by the World Bank and its trial application to urban environmental governance and planning in Dhaka mega-city, Bangladesh. The research results demonstrate that power was intimately involved in mediating the influence of the policy EA approach, in both positive (enabling) and negative (constraining) ways. It is suggested that the policy EA approach was ultimately a manifestation of a corporate strategy to maintain the powerful position of the World Bank as a leading authority on international development which focuses on knowledge generation. Furthermore, as constitutive of an institution and reflecting the worldviews of its proponents, the development of a new approach to EA also represents a significant power play. This leads us to, firstly, emphasise the concepts of strategy and intentionality in theorising how and why EA tools are employed, succeed and fail; and secondly, reflect on the reasons why power has received such limited attention to-date in EA scholarship. - Highlights: Black-Right-Pointing-Pointer Conducts empirical research on the neglected issue of power. Black-Right-Pointing-Pointer Employs an interpretation of power in which it is viewed as a productive phenomenon. Black-Right-Pointing-Pointer Analyses the influence of power in the trial application of a new approach to policy environmental assessment. Black-Right-Pointing-Pointer Demonstrates the importance of power dynamics in understanding the successes and failures of environmental assessment.

54 ENVIRONMENTAL SCIENCES↗

A Research Agenda for Radiation Oncology: Results of the Radiation Oncology Institute's Comprehensive Research Needs Assessment

Purpose: To promote the rational use of scarce research funding, scholars have developed methods for the systematic identification and prioritization of health research needs. The Radiation Oncology Institute commissioned an independent, comprehensive assessment of research needs for the advancement of radiation oncology care. Methods and Materials: The research needs assessment used a mixed-method, qualitative and quantitative social scientific approach, including structured interviews with diverse stakeholders, focus groups, surveys of American Society for Radiation Oncology (ASTRO) members, and a prioritization exercise using a modified Delphi technique. Results: Six co-equal priorities were identified: (1) Identify and develop communication strategies to help patients and others better understand radiation therapy; (2) Establish a set of quality indicators for major radiation oncology procedures and evaluate their use in radiation oncology delivery; (3) Identify best practices for the management of radiation toxicity and issues in cancer survivorship; (4) Conduct comparative effectiveness studies related to radiation therapy that consider clinical benefit, toxicity (including quality of life), and other outcomes; (5) Assess the value of radiation therapy; and (6) Develop a radiation oncology registry. Conclusions: To our knowledge, this prioritization exercise is the only comprehensive and methodologically rigorous assessment of research needs in the field of radiation oncology. Broad dissemination of these findings is critical to maximally leverage the impact of this work, particularly because grant funding decisions are often made by committees on which highly specialized disciplines such as radiation oncology are not well represented.

62 RADIOLOGY AND NUCLEAR MEDICINE↗

A 10-Year Analysis of American Society for Radiation Oncology Junior Faculty Career Development Awards

Purpose: Between 2000 and 2010, the American Society for Radiation Oncology (ASTRO) awarded 22 Junior Faculty Career Development Awards (JFA) totaling $4.4 million. This study aimed to evaluate the impact of these awards on the grantees' career development, including current position, publications, and subsequent independent grant funding. Methods: Each awardee was requested via email and telephone to provide an updated curriculum vitae, a National Institutes of Health (NIH) biosketch, and information regarding current position of employment. Twenty-one of the 22 JFA recipients complied. Reported grant funding was extracted from each candidate's CV, and the amounts of NIH grants obtained were confirmed via NIH REPORTER. Reported publications were confirmed via PubMed. Results: All survey respondents (21 of 21) have remained in academic positions. Subsequent aggregate grant funding totaled more than $25 million (range, $0-$4.1 million), 5.9 times the initial investment. NIH grant funding totaled almost $15 million, 3 times the initial investment. Awardees have published an average of 34.6 publications (range, 0-123) for an overall rate of 4.5 papers/year (range, 1-11). Conclusions: ASTRO JFAs over the past decade have been strongly associated with grantees remaining in academic positions, success in attracting private and NIH grants, and publication productivity. In an era of dwindling federal research funding, the support provided by the ASTRO JFA may be especially helpful to support the research careers of promising junior faculty members.

62 RADIOLOGY AND NUCLEAR MEDICINE↗

National Institutes of Health Funding in Radiation Oncology: A Snapshot

Currently, pay lines for National Institutes of Health (NIH) grants are at a historical low. In this climate of fierce competition, knowledge about the funding situation in a small field like radiation oncology becomes very important for career planning and recruitment of faculty. Unfortunately, these data cannot be easily extracted from the NIH's database because it does not discriminate between radiology and radiation oncology departments. At the start of fiscal year 2013 we extracted records for 952 individual grants, which were active at the time of analysis from the NIH database. Proposals originating from radiation oncology departments were identified manually. Descriptive statistics were generated using the JMP statistical software package. Our analysis identified 197 grants in radiation oncology. These proposals came from 134 individual investigators in 43 academic institutions. The majority of the grants (118) were awarded to principal investigators at the full professor level, and 122 principal investigators held a PhD degree. In 79% of the grants, the research topic fell into the field of biology, 13% in the field of medical physics. Only 7.6% of the proposals were clinical investigations. Our data suggest that the field of radiation oncology is underfunded by the NIH and that the current level of support does not match the relevance of radiation oncology for cancer patients or the potential of its academic work force.

62 RADIOLOGY AND NUCLEAR MEDICINE↗