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At least 1,081 records · Page 60

Value of Geothermal Energy Storage for Supply-Side and Demand-Side Applications

This report presents the results of a study examining the value potential for geothermal energy storage (GES), a long-duration energy storage resource that stores thermal and/or geomechanical energy in the subsurface. GES could benefit the overall U.S. power system by temporally shifting electricity generation (supply-side) or meeting building heating and cooling load (demand-side). This report analyzes supply-side and demand-side opportunities independently because of differences in applications and models. Currently there is significant uncertainty about the development costs for GES, with only a limited number of demonstration plants for electric energy storage and building heating and cooling storage developments. In this report, we estimate the value of supply-side and demand-side GES to the bulk power system in the contiguous United States. Because of the significant uncertainty about GES development costs, this analysis does not consider GES deployment costs but instead focuses on the value of GES to the U.S. electricity system. The estimated values of GES provide reference points for economically competitive commercial cost targets. Supply-side GES is modeled as part of an enhanced geothermal system (EGS) generation plant in NREL's Regional Energy Deployment System (ReEDS) capacity expansion model (Ho et al. 2021). In contrast to conventional geothermal plants, which generate constant power, EGS plants have unique features that may allow for in-reservoir energy storage for flexible generation. Demand-side GES for heating and cooling, including seasonal hot and cold storage and short-duration heat pump storage, is incorporated into a price-taker model using Cambium electricity marginal cost projections. To establish an upper bound for the value of GES, analysis focused on favorable scenarios for storage with high generation from zero marginal cost, variable renewable energy resources. High penetrations of variable renewable energy generation can increase hourly electricity price variability, which increases the value of temporal energy arbitrage for storage technologies like GES.

15 GEOTHERMAL ENERGY↗

Flexible FlueCO2

Carbon dioxide (CO2) emission reductions remain a significant challenge on the path to clean energy. There are increasing legislative, social, and environmental factors motivating CO2 emissions reduction from power plants with carbon capture and storage (CCS). CCS in natural gas combined cycle (NGCC) power plants is critical to achieve a net-zero carbon electricity grid. Enhanced 45Q tax credits provide new incentives, but currently available technologies are unable to profitably operate in grids with deep variable renewable penetration which require flexible NGCC operation. Luna Labs has developed the FlueCO2 membrane to enable a profitable NGCC-CCS process. The FlueCO2 membrane couples steam transport across the membrane to CO2 transport in the opposite direction, enabling high capture efficiencies and low energy costs even at low CO2 concentrations. The dual-phase membrane can operate in the range of typical flue gas temperatures and pressures and does not require temperature or pressure cycling. Luna Labs’ FlueCO2 technology enables flexible and profitable operation of NGCC plants with lower capital investment and impact on electricity prices. In this Phase 1 project, Luna Labs utilized experimental testing, modeling, process simulation, and standardized costing methodologies to evaluate the techno-economic value of a 650 MW greenfield NGCC plant with FlueCO2 (NGCC-FlueCO2). Key design requirements for operation were established and plant performance under load-leveling conditions was validated through computational fluid dynamics and process modeling. Luna Labs developed a dynamic modeling tool which modeled plant operational modes across a variety of tax structures and electricity pricing scenarios to project the overall Net Present Value (NPV) of the NGCC-FlueCO2. FlueCO2 minimizes the impact of CCS integration on plant operation by integrating directly into the NGCC heat recovery steam generator (HRSG). By tapping into the plant’s low-pressure (LP) steam, operators can divert LP steam to the greenfield NGCC and/or CCS process in response to dynamic markets. Since FlueCO2 will not significantly affect HRSG (or NGCC) operation, CCS only turns off during peak power demand (>$250/MWh). Under baseload conditions, FlueCO2 lowers the capital (37%), energy (36%) and carbon capture (<$40/tonne) costs and can increase the overall plant lifetime NPV by approximately ~$1B in comparison with NGCC solvent-based capture reference cases (NETL Case 31B). Luna Labs has shared its costing tools with several interested partners and customers, which follows a generalizable approach to costing analysis.

Kelly, Jesse↗

Techno-economic and life-cycle analysis of strategies for improving operability and biomass quality in catalytic fast pyrolysis of forest residues

Many of the challenges faced by the first commercial biorefineries were associated with feedstock handling, quality, and cost. Strategies are needed to enable further expansion of biorefineries and meet the growing demand for bio-based fuels and products. Here, we examine 2 key feedstock challenges and mitigation strategies in the context of a catalytic fast pyrolysis (CFP) biorefinery: (1) the operability of the feed system, which may be improved by modifying the minimum particle size fed to the reactor, and (2) the quality of the biomass, which may be improved by employing air classification to remove undesirable material and increase fuel yields. We conduct techno-economic analysis (TEA) and life-cycle analysis for these strategies, employing a discrete event simulation model for biomass preprocessing combined with a series of correlations developed from literature data and a rigorous CFP conversion model. Our results highlight the importance of balancing increased cost and material losses from preprocessing against improved operability and fuel yields. Economics and sustainability were optimized when operating at the lowest minimum particle size, emphasizing the importance of minimizing material losses while maintaining the operability of the process. Economically, additional costs and material losses from air classification could be acceptable due to improved biomass conversion, and an optimum air classification speed was identified; however, the fuel GHG emissions were minimized when air classification was not used. Valorizing material removed during preprocessing as a coproduct could improve economics and sustainability, decreasing the burden of material losses.

09 - BIOMASS FUELS↗

Microstructure-sensitive modeling of high temperature creep in grade-91 alloy

Predicting the effects of microstructure on high-temperature creep responses of steel components is critical to minimize the risks of failure and maximize economic viability in the energy sector. In this research, a recently developed advanced mechanistic constitutive model is employed to study the effect of microstructure on the creep responses and to rationalize experimentally reported variability in the performances of grade-91 alloy. Hundreds of experimental creep tests from the literature are used to assess the predictability of the model. The model proposed is shown to accurately predict the steady-state creep rates and also the less commonly considered, yet important, primary-to-secondary transients for a wide range of creep conditions. Further, the model is capable of extrapolating the creep response of grade 91 alloy even outside of the calibration regime. Using this model, the roles of initial microstructure described in terms of grain size, dislocation density, and precipitate content, on the creep responses are investigated. The effect of initial microstructure on the steady-state creep rates and creep-strain is found to vary with stress and temperature. Grain size plays a significant role in the low-stress creep, where the diffusional creep is dominant. On the other hand, the effects of dislocation densities and precipitate content are significant in the dislocation-plasticity-dominated high-stress and temperature regimes. Furthermore, by comparing model predictions against a large experimental creep database, it is found that variability in the creep responses can be rationalized on the basis of differences in the initial microstructure. Overall, this work provides a robust pathway for microstructure-aware engineering design, verification, and validation of metallic components for energy applications.

36 MATERIALS SCIENCE↗

Investigation of potential aerosol transmission and infectivity of SARS-CoV-2 through central ventilation systems

Here we evaluate the concentrations and probabilities of infection for both building interior and exterior exposure sources using a well-mixed model in a connected multizone building. As a central hub of many community and economic activities, buildings provide social connectivity, but the COVID-19 pandemic has reduced social connectivity due to concerns of viral spread within buildings. Although single zone models of infectious spread are well studied, the impact of aerosolized spread of SARS-CoV-2 via air handling systems in multizone buildings remains unexplored. Here we evaluate the influence of filtration, air exchange rates, and the fraction of outdoor air on the probability of infection using the well-known well-mixed modeling approach for a multizone. We find filtration lowers the concentration and probability of infection in both source and connected rooms provided at least some air is recirculated, but that probability is not zero. Filtration has no influence without recirculation or unless the outdoor air contains virus. We find that increasing the air exchange rate removes virus from the source room faster but also increases the rate of exposure to connected rooms. Therefore, slower air exchange rates reduce infectivity in connected rooms at shorter durations, but higher air exchange rates reduce infectivity at longer durations. We further find that when outdoor air is virus free, increasing the fraction of outdoor air is helpful, but, when outdoor air is infective, pathogen exposure inside can persist for hours after a short-term release.

60 APPLIED LIFE SCIENCES↗

Multi-Timescale Optimal Operation Framework for Integrated Economic and Reliability Analysis of Hybrid Power Plants

This paper introduces a hierarchical modeling framework for hybrid power plants (HPP) to facilitate the operation of HPP in power systems similar to conventional generators (Congens) in the integrated multi-timescale optimal operation framework. To consider the uncertainties of HPP renewable power in the day-ahead scheduling, distributionally robust optimization (DRO) is used. To ensure that the state-of-charge (SOC) of energy storage systems in HPPs aligns closely with the planned value for long-term reliability, real-time SOC management is incorporated. In addition, an adjustable real-time control is designed for the robust delivery of HPP real-time services. Case studies performed on a revised IEEE 39-bus system demonstrate the effectiveness of the proposed framework for HPP operation. Simulation results highlight that the proposed framework not only can help operators schedule HPP similar to Congens in varying weather conditions but can also maintain the frequency reliability of the system.

frequency stability↗

Wall Upgrades for Deep Energy Savings in Residential Buildings: Interim Results from a Multi-Year Study

The Pacific Northwest National Laboratory, Oak Ridge National Laboratory and the University of Minnesota are conducting a three-year, multipart study on residential retrofit wall assemblies. The project is funded by the U.S. Department of Energy’s Building Technology Office and will identify, test and verify wall assemblies for hygrothermal performance in retrofit applications. The study includes a comprehensive literature review and expert advisory group, which inform wall selection. Selected wall assemblies are then thermally simulated using EnergyPlus and THERM, and hygrothermally simulated using WUFI, to model both thermal and moisture performance of the wall assembly. Eight wall assemblies are then experimentally tested in an in-situ laboratory environment at the University of Minnesota, with a typical residential wall used as a baseline. The in-situ experiment looks at the physical hygrothermal performance of each assembly. The simulation and experimental results will be combined with an economic analysis to produce a techno-economic study of residential wall systems for deep energy retrofits. This paper presents progress after year one of the study. Wall system modeling and laboratory testing is scheduled to begin in November, 2019. We will discuss the parameters for wall selection and experimental design, which includes approaches to modeling and simulation, along with the physical experiment design. This paper will also outline the parameters for the techno-economic analysis, and criteria used to inform model development.

Antonopoulos, Chrissi A.↗

Modeling Needs to Support the Reconstruction Strategy of Ukraine

Ukraine has been facing difficult times. Russia started a full-scale invasion on February 24, 2022, and has caused huge human and infrastructure losses. As a result of the invasion, more than 8 million people left their homes. The Russian army has targeted Ukrainian energy sources, destroying or damaging over 50% of thermal power generation capacity (coal and gas), 30% of solar generation, and 90% of wind generation. The Russians are also threatening Ukrainian energy security, as they currently control the Zaporizhzhia nuclear power plant – Europe’s largest. In addition, Russia has destroyed 121,000 buildings, including 5,300 multistory buildings - more buildings than Ukraine built during the past five years. The occupiers destroyed or damaged 343 district heat boiler stations (destroyed 12 / damaged 331) and 8 CHPs (destroyed 4/ damaged 4). There is no doubt that Ukraine will be able to protect its sovereignty and restore its territorial integrity; however, this will be a long process. The Government of Ukraine needs to simultaneously focus on many issues, from waging war to the restoration of electricity, water, and heat supply in the territories close to the front line. In addition to these time-sensitive issues, the government also needs to plan a long term multi-sector strategy for the reconstruction of Ukraine’s economy. Ukraine initiated a broad-based political process for recovery at the International Ukraine Recovery Conference (URC 2022) in Lugano, Switzerland. Prior to URC 2022, Ukraine applied for EU membership on February 28 and was granted the status of candidate country by the European Council on June 23, 2022. More than 40 nations are fully committed to supporting Ukraine throughout its path from early to long-term recovery. In addition, these countries link a successful recovery to Ukraine’s European future (URC, 2022a). The reconstruction process will be long. The government also recognizes that it is not enough to build energy infrastructure back – it should be built back better. The government is committed to building a more sustainable and cleaner energy sector. Energy modeling can provide important insights into paths to decarbonize Ukraine’s economy while rebuilding it after the war. Pacific Northwest National Laboratory (PNNL) and the Institute for Economics and Forecasting of the National Academy of Sciences of Ukraine (IEF) work on modeling decarbonization scenarios in the energy sector of Ukraine. The teams focus on the heat sector, which includes district heat, autonomous and individual heating, and energy consumption by final energy consumption sectors, including buildings. Since the teams use world-class integrated assessment models, other sectors will be analyzed as well. The purpose of the document is to describe the needs of key Ukrainian ministries in modeling the reconstruction process. The scope of this document is limited to modeling energy consumption by the power and heat sectors, final energy consumption by buildings, and GHG emissions from these two sectors. The rest of this policy memo is organized as follows. After this introduction, Chapter 2 discusses key provisions of the reconstruction strategy with a focus on energy, buildings, heat supply, environment, and European integration aspirations. Section 3 provides an overview of recent developments and key decisions of the Government of Ukraine in the area of energy efficiency and decarbonization. Finally, Section 4 provides key suggestions on how PNNL and IEF can help the Government of Ukraine in developing strategic documents.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

A performance analysis method for distributed real-time robotic systems: A case study of remote teleoperation

Robot coordination and control systems for remote teleoperation applications are by necessity implemented on distributed computers. Modeling and performance analysis of these distributed robotic systems is difficult, but important for economic system design. Performance analysis methods originally developed for conventional distributed computer systems are often unsatisfactory for evaluating real-time systems. The paper introduces a formal model of distributed robotic control systems; and a performance analysis method, based on scheduling theory, which can handle concurrent hard-real-time response specifications. Use of the method is illustrated by a case of remote teleoperation which assesses the effect of communication delays and the allocation of robot control functions on control system hardware requirements.

Lefebvre, D. R.↗

Reservoir Characterization and Techno-Economic Analysis of Enhanced Geothermal and Closed-Loop Systems in the Wattenberg Field of the Denver-Julesburg Basin, Colorado

This report provides details of reservoir characterization and techno-economic analysis for enhanced geothermal systems and closed-loop geothermal systems in the Denver-Julesburg Basin Wattenberg area. The analysis contributes to the Geothermal Limitless Approach to Drilling Efficiencies (GLADE) project, a multi-institutional research initiative focused on advancing geothermal energy development by reducing drilling costs and improving the rate of penetration. The GLADE project brings together national laboratories, academic institutions, and industry partners, including the U.S. Department of Energy's Geothermal Technologies Office, Occidental Petroleum, the National Laboratory of the Rockies (NLR), Los Alamos National Laboratory, Colorado School of Mines, Louisiana State University, Texas A&M University, and several drilling technology companies. As part of this effort, NLR developed and applied slender-body theory modeling tools and the GEOPHIRES simulator to support techno-economic analysis. The slender-body theory wellbore simulator evaluated thermal performance in U-loop, Eavor-type multilateral, and enhanced geothermal system well configurations. Results indicated that an optimized single U-loop design delivers an outlet temperature of 168.8 degrees Celsius,stabilizing at a final outlet temperature of 135.3 degrees Celsius. Heat production also improved significantly, with an average thermal output of 16.9 MWth and a final thermal output of 11.0 MWth. These results provided critical baseline data for selecting optimized systems for techno-economic analysis. Building on these outputs, NLR applied the GEOPHIRES techno-economic simulator to estimate the levelized cost of electricity for both the Eavor multilateral and enhanced geothermal systems. The sensitivity analysis showed that drilling costs exert a particularly strong impact on the levelized cost of electricity of multilateral systems. Therefore, advances in drilling technology and improved drilling rates could yield significant gains in the economic performance of these systems. In this context, the GLADE project directly supports the U.S. Department of Energy's mission to reduce the cost of geothermal energy and accelerate the deployment of next-generation geothermal technologies.

15 GEOTHERMAL ENERGY↗

Renewable Energy Potential Model: Priority Geothermal Leasing Areas ReEDs Results

This dataset contains the results of a study conducted by the National Renewable Energy Laboratory (NREL) to identify potential future priority geothermal leasing areas on Bureau of Land Management (BLM) and United States Forest Service (USFS) lands. The analysis uses the Regional Energy Deployment System (ReEDS) model to evaluate geothermal resource potential under different scenarios of resource depth and technology combinations through the year 2050. The study considers geothermal resource potential, natural resource conflicts, and transmission access to categorize areas into near, mid, and far deployment priorities. The dataset includes outputs from the ReEDS model, such as geothermal capacity, generation, system costs, and emissions under various economic and technical scenarios. Favorability site data with geographic coordinates and site-specific attributes (e.g., resource favorability, land type) are also provided. Supporting resources include a technical report detailing methodologies and assumptions, along with a link to the ReEDS model GitHub repository, which requires GAMS and Python software for execution.

15 GEOTHERMAL ENERGY↗

Integrated Mode Choice, Small Aircraft Demand, and Airport Operations Model User's Guide

A mode choice model that generates on-demand air travel forecasts at a set of GA airports based on changes in economic characteristics, vehicle performance characteristics such as speed and cost, and demographic trends has been integrated with a model to generate itinerate aircraft operations by airplane category at a set of 3227 airports. Numerous intermediate outputs can be generated, such as the number of additional trips diverted from automobiles and schedule air by the improved performance and cost of on-demand air vehicles. The total number of transported passenger miles that are diverted is also available. From these results the number of new aircraft to service the increased demand can be calculated. Output from the models discussed is in the format to generate the origin and destination traffic flow between the 3227 airports based on solutions to a gravity model.

Yackovetsky, Robert E.↗

Viable Economic Frameworks and Regulatory Barriers for Community Microgrids

Community microgrids – microgrids with more than one piece of customer- and utility-owned distribution equipment contained in the isolation boundary – are an option for providing resilience to meet targeted community and utility needs. Because multiple investors, including customers, are involved there is a lack of clarity around viable ownership models, roles and responsibilities, and compensation mechanisms. Together, these aspects describe an economic framework. To be viable, an economic framework not only needs to provide the possibility of all parties agreeing to the microgrid but also needs to meet regulatory guidelines. This report contains learnings from present-day community microgrid tariffs and programs, regulatory filings, and experiences shared within an interest group to highlight regulatory barriers to community microgrids and identify several viable economic frameworks for community microgrids.

24 POWER TRANSMISSION AND DISTRIBUTION↗

A simulation model for wind energy storage systems. Volume 1: Technical report

A comprehensive computer program for the modeling of wind energy and storage systems utilizing any combination of five types of storage (pumped hydro, battery, thermal, flywheel and pneumatic) was developed. The level of detail of Simulation Model for Wind Energy Storage (SIMWEST) is consistent with a role of evaluating the economic feasibility as well as the general performance of wind energy systems. The software package consists of two basic programs and a library of system, environmental, and load components. The first program is a precompiler which generates computer models (in FORTRAN) of complex wind source storage application systems, from user specifications using the respective library components. The second program provides the techno-economic system analysis with the respective I/O, the integration of systems dynamics, and the iteration for conveyance of variables. SIMWEST program, as described, runs on the UNIVAC 1100 series computers.

Warren, A. W.↗

High-Temperature Heat Pump Model Documentation and Case Studies

High temperature heat pumps (HTHPs) have the potential to serve two valuable functions in the U.S. industry. First, by valorizing and elevating waste heat streams, HTHPs can improve industrial energy efficiency. Second, by electrifying process heat generation, HTHPs can replace combustion technologies with less carbon-intensive sources of energy and reduce industrial greenhouse gas emissions. In certain applications, the combination of increased efficiency, cost savings, and emissions reduction makes HTHPs a promising component of strategies for industrial electrification and clean energy transition. Researchers at NREL have developed a HTHP model. This model has both a physics-based performance estimation component and an economic evaluation component designed to demonstrate the potential economic competitiveness of HTHPs. This document has three main sections. First, an overview of HTHPs is provided as a literature review of relevant information to provide the reader with state-of-the-art information. Second, a description of the HTHP model is provided along with detailed instructions about how to use the model. Third, case studies are provided to showcase the deployment of the HTHP model.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Photovoltaic performance models - A report card

Models for the analysis of photovoltaic (PV) systems' designs, implementation policies, and economic performance, have proliferated while keeping pace with rapid changes in basic PV technology and extensive empirical data compiled for such systems' performance. Attention is presently given to the results of a comparative assessment of ten well documented and widely used models, which range in complexity from first-order approximations of PV system performance to in-depth, circuit-level characterizations. The comparisons were made on the basis of the performance of their subsystem, as well as system, elements. The models fall into three categories in light of their degree of aggregation into subsystems: (1) simplified models for first-order calculation of system performance, with easily met input requirements but limited capability to address more than a small variety of design considerations; (2) models simulating PV systems in greater detail, encompassing types primarily intended for either concentrator-incorporating or flat plate collector PV systems; and (3) models not specifically designed for PV system performance modeling, but applicable to aspects of electrical system design. Models ignoring subsystem failure or degradation are noted to exclude operating and maintenance characteristics as well.

Smith, J. H.↗

Evaluation of Mechanistic and Empirical Models against Existing FFRD and LOCA Experimental Databases

The desire of the nuclear industry to improve the economics of existing nuclear power plants has necessitated research into the potential of a phenomenon known as fuel fragmentation, relocation, and dispersal (FFRD). This phenomenon is possible during a loss-of-coolant accident (LOCA) at relatively high burnup. The Nuclear Energy Advanced Modeling and Simulation program has been developing simulation capabilities for FFRD and LOCA in the BISON fuel performance code for multiple years. This year, the effort has been focused on evaluating new lower length scale informed pulverization thresholds as well as updating and adding new empirical models for various phenomena. Models added or updated this year include a preliminary transient fission gas release model, new high-temperature Zircaloy creep models, a Zircaloy rupture opening area model, and a temperature-dependent emissivity during radiation from the fuel rod to the surrounding atmosphere. The models are verified through implementation tests to demonstrate code correctness after addition to BISON. The models are then assessed against a subset of the existing BISON validation suite for LOCA and FFRD cases. Two new cases, Studsvik Rods 192 and 193, have been added. The results indicate that the inclusion of a bubble pressure evolution model in the bubbles in the high-burnup structure has the largest impact compared to the 3D fracture criterion on reducing the calculated amount of pulverized fuel.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

A Contemporary Analysis of the O'Neill-Glaser Model for Space-Based Solar Power and Habitat Construction

In 1975 Gerard O Neill published in the journal Science a model for the construction of solar power satellites. He found that the solar power satellites suggested by Peter Glaser would be too massive to launch economically from Earth, but could be financially viable if the workforce was permanently located in free space habitats and if lunar and asteroid materials were used for construction. All new worldwide electrical generating capacity could be then achieved by solar power satellites. The project would financially break even in about 20 years after which it would generate substantial income selling power below fossil fuel prices. Two NASA / Stanford University led studies at Ames Research center during the summers of 1974 and 1976 found the concept technically sound and developed a detailed financial parametric model. Although the project was not undertaken when suggested in the 1970s, several contemporary issues make pursuing the O Neill -- Glaser concept more compelling today. First, our analysis suggests that if in the first ten years of construction that small habitats (compared to the large vista habitats envisioned by O Neill) supporting approximately 300 people were utilized, development costs of the program and the time for financial break even could be substantially improved. Second, the contemporary consensus is developing that carbon free energy is required to mitigate global climate change. It is estimated that 300 GW of new carbon free energy would be necessary per year to stabilize global atmospheric carbon. This is about 4 times greater energy demand than was considered by the O Neill Glaser model. Our analysis suggests that after the initial investments in lunar mining and space manufacturing and transportation, that the profit margin for producing space solar power is very high (even when selling power below fossil fuel prices). We have investigated the financial scaling of ground launched versus space derived space solar power satellites. We find that for the carbon mitigation case even modernized ground launched space solar power satellites are not financially viable. For space derived solar power satellites, however, the increased demand makes them break even substantially sooner and yield much higher profit. Third, current awareness is increasing about the dangers of humanity remaining a single planet species. Our technological power has been increasing relative to the size of the planet Earth. Since the middle of the 20th century our technological power has grown large relative to our planet's size. This presents a very real potential for human self-extinction. We argue that the potential for human self-extinction is increasing with time in proportion to the exponential growth of our technological power making self-extinction likely within this century if humanity remains a single planet species. The O Neill model of multiple independent free space habitats, it is argued, can protect humanity from extinction in the same way that portfolio diversification protects ones assets from total loss. We show that about 1 million people for the electricity only case, and about 1 billion people for the carbon mitigation case, can be provided with permanent space habitats and transportation from Earth in 30 years and can be funded by the space derived solar power satellite program. 1.2 Scope of this Chapter The goal of this chapter is to illustrate the power and importance of the O'Neill-Glaser concept in the context of human survival and maintaining a healthy planet Earth. We argue that at this point in human history our technological power is too dangerous to our selves and our home planet for us not to expand into space. We show by the models presented in the chapter that the imminent dangers of global warming and human self-extinction mandate that humanity move aggressively into the solar system in this generation. We show that the production of solar power satellites using space resources and with a work foe living in space provides a viable financial model to mitigate CO2 preventing the worst global warming scenarios, and safeguards humanity against self-extinction by providing hundreds of habitats and a billion people living in space within about 35 years. To accomplish this goal we need only consider the classic O'Neill-Glaser model which was parameterized for 1970's technological projections. Only habitat size optimization for the first ten years of production is added. This is a conservative approach since the innovations of the last 30 years will make the financial projections more favorable. However, the classic O'Neill-Glaser model represented a broad technological consensus. The model is well documented in the references and our calculations can be easily reproduced In this chapter the economics of the O Neill - Glaser model is compared with models that rely exclusively on Earth launched materials. Although many studies of Earth launched Solar Power Satellites have been made, we found that the NASA "Fresh Look Study" was the most comprehensive and well documented. It also provided one of the most optimistic Earth launch financial projections. We thus chose it for comparison purposes.

Curreri, Peter A.↗