Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “economic”

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.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 1,117 records · Page 62
All sourcesNASA NTRSDOE OSTI
DOE OSTI2021

The Technical and Economic Potential of Hydrogen within the United States

Hydrogen markets have an opportunity to grow as its value as an energy intermediate increases. Hydrogen’s estimated serviceable consumption potential in the United States is 106 MMT/yr which is a ten-fold increase over the current market size. That opportunity is driven primarily by increased demands for metals refining, biofuel and hydrocarbon production, supplementing the natural gas system, seasonal storage for the electricity grid, and fuel cell electric vehicles. The U.S. has many renewable, nuclear, and fossil resources that each could meet that demand itself. The economic potential, which considers both costs to produce hydrogen and willingness of applications to pay for it, is 22 to 41 MMT/yr. The range is impacted by factors that impact the cost to produce including the price of natural gas and the cost of electrolyzers. It is also impacted by competition to provide the same services as hydrogen including electrification.

electrolysis↗
DOE OSTI2020

Scaling Deep Energy Retrofits for Residential Walls - Energy, Cost, and Economic Assessment of Five Wall Systems

Providing strong economic and performance value is a primary challenge of convincing homeowners to implement deep energy retrofits to their wall systems. This study combines energy modeling and technoeconomic assessment of six experimental residential retrofit wall systems to typical existing homes in cold climates to evaluate their energy performance and cost effectiveness. Deep energy retrofits can significantly improve the energy performance of a home’s thermal envelope, help manage indoor environmental pollutants, increase homeowner comfort, increase building value, and register significant energy and cost savings in the process. We are evaluating exterior wall retrofit components and construction practices to measure and recommend steps to improve financial performance for manufacturers, installers and consumers. This study leverages a literature review, inputs from an advisory group made up of thermal enclosure experts, and simulations to identify state-of-the-art technologies for energy efficient wall systems that are suitable for cold and very cold climate zones. This paper will present results from energy modeling of six experimental wall systems compared to one baseline, that inform cost and energy performance of the subject wall systems.

Ganguli, Sumitrra↗
DOE OSTI2022

Carbon Conversion Technologies - NETL Techno-Economic Analysis Guidelines

This presentation was delivered as part of the Global CO2 Initiative and NETL sponsored workshop, 2022 CCU TEA and LCA Guidance - A Harmonized Approach. The presentation highlights the intent and content of forthcoming NETL guidance documents and toolsets on conducting techno-economic analysis on carbon conversion technologies. Specifically discussed are the "Performing a TEA for Carbon Conversion Technologies" guidance document, the "Cost Scaling Methodology Specific to Carbon Conversion Technologies," and brief highlights of upcoming work products.

Henry, Samuel↗
DOE OSTI2022

Economic Analysis of Potential for CCUS in the Gulf of Mexico

This study identifies the major capital and operating expenses in eight distinct segments across carbon capture, transportation, and injection operations within the offshore CCUS supply chain to develop a model identifying the financial challenges the market must address. The approach then defined the economic drivers and primary cost elements within the CCUS supply chain to model the total supply chain costs and returns along with plausible scenarios of projects for CCUS. This study was presented as a poster at the 2022 Carbon Management Project Review Meeting held in Pittsburgh, PA (August 15 – 19, 2022).

Grant, Timothy↗
DOE OSTI2022

Techno-Economic Implications of Electrical Machine Scaling for Wave Energy Converters: Preprint

The sizing of an electrical machine for a Wave Energy Converter (WEC) can have a substantial impact on the overall sizing, cost, and rating of the device. An electrical generator is typically part of the power take-off (PTO) system, which is the mechanism by which the energy absorbed by the prime mover is transformed into useable electrical. For practically all WECs, the rate of change of actuation is predominantly determined by the wave resource (i.e., the wave height and frequency) and devices will see a sinusoidally varying velocity according to the wave conditions. The same can then be said for both directly and indirectly coupled PTOs with electrical generators. This techno-economic study investigates electrical machine scaling and associated cost implications through core machine design theory, manufacturer data, supporting literature, and the DOE sponsored Reference Model Project (RMP). The RMP was a partnered effort to develop open-source marine energy (ME) point designs as reference models (RMs) to benchmark ME technology performance and costs, methods for design and analysis of ME technologies, estimations for capital costs, operational costs, and levelized costs of energy (LCOE). The results from this study show torque is directly related to (1) the physical size of the machine required to increase the airgap sheer stresses, (2) the amount of active material, (3) the support structure, (4) bearing size and rating, and (5) offshore cable rating, all of which have a significant effect on overall system costs in terms of both CAPEX and OPEX. This paper aims to be a critical benchmark in helping determine an “optimal” nameplate rating for wave energy devices and their associated PTO. With an optimized rating and sizing process, WEC costs can be reduced, and overall performance can be improved.

cables↗
DOE OSTI2022

Techno-Economic Implications of Electrical Machine Scaling for Wave Energy Converters

The sizing of an electrical machine for a Wave Energy Converter (WEC) can have a substantial impact on the overall sizing, cost, and rating of the device. An electrical generator is typically part of the power take-off (PTO) system, which is the mechanism by which the energy absorbed by the prime mover is transformed into useable electrical. For practically all WECs, the rate of change of actuation is predominantly determined by the wave resource (i.e., the wave height and frequency) and devices will see a sinusoidally varying velocity according to the wave conditions. The same can then be said for both directly and indirectly coupled PTOs with electrical generators. This techno-economic study investigates electrical machine scaling and associated cost implications through core machine design theory, manufacturer data, supporting literature, and the DOE sponsored Reference Model Project (RMP). The RMP was a partnered effort to develop open-source marine energy (ME) point designs as reference models (RMs) to benchmark ME technology performance and costs, methods for design and analysis of ME technologies, estimations for capital costs, operational costs, and levelized costs of energy (LCOE). The results from this study show torque is directly related to (1) the physical size of the machine required to increase the airgap sheer stresses, (2) the amount of active material, (3) the support structure, (4) bearing size and rating, and (5) offshore cable rating, all of which have a significant effect on overall system costs in terms of both CAPEX and OPEX. This paper aims to be a critical benchmark in helping determine an “optimal” nameplate rating for wave energy devices and their associated PTO. With an optimized rating and sizing process, WEC costs can be reduced, and overall performance can be improved.

cables↗
DOE OSTI2022

Understanding Economic and Deployment Benefits of Wind-PV Hybrid Power Plants

The least-cost approach to decarbonizing the U.S. electricity supply will likely involve a significantly expanded share of variable renewable energy (VRE) generation. Many strategies and approaches have been identified to address integration challenges in a VRE-dominated system, including standalone and coupled battery systems. In this study, we explored the current and future potential of utility-scale hybrid energy systems comprising PV, wind, and lithium-ion battery technologies (PV-wind-battery systems). Analysis results include temporal complementarity of wind and PV resources across the contiguous United States, with an emphasis on metrics that quantify reductions in variability that can be achieved through hybridization. We further use a price-taker model with simulated hourly energy and capacity prices to determine the revenue-maximizing dispatch of a range of PV-wind-battery configurations across Texas, from the present through 2050. We find that coupling PV, wind, and battery technologies allows for more effective utilization of interconnection capacity by increasing capacity factors to 60-80%+ and capacity credits to close to 100%, depending on battery capacity. We also compared the energy and capacity values of PV-wind and PV-wind-battery systems to the corresponding stability coefficient metric, which describes the location-and configuration-specific complementarity of PV and wind resources. Our results show that the stability coefficient effectively predicts the configuration-location combinations in which a smaller battery component can provide comparable economic performance in a PV-wind-battery system (compared to a PV-battery system). These PV-wind-battery hybrids can help integrate more VRE by providing smoother, more predictable generation and greater flexibility. Finally, capacity expansion modeling of PV-wind systems indicates that hybridization can reduce transmission expansion requirements associated with a heavily decarbonized U.S. electricity system.

complementarity↗
DOE OSTI2023

Hydrogen's Economic Potential Within the United States

This presentation includes a very brief summary of the H2@Scale concept and results from the H2@Scale Technical and Economic Potential Analysis that was published in October 2020.

ENERGY PLANNING, POLICY, AND ECONOMY,HYDROGEN↗
DOE OSTI2023

Lessons Learned From Techno-Economic Analysis of Solar Photovoltaics and Battery Energy Storage at a Vietnam Industrial Park

Through the Clean Energy Investment Accelerator (CEIA), engineers from the United States (U.S.) National Renewable Energy Laboratory (NREL) conducted a case study analysis evaluating the techno-economic feasibility of battery energy storage systems (BESS) at an industrial park in Vietnam. The analysis uses NREL's REopt platform, a distributed energy modeling and optimization tool, to identify the cost-optimal system sizing for BESS, in conjunction with onsite renewables such as solar photovoltaics (PV), to reduce electricity costs, increase onsite renewable energy generation utilization, and improve resilience to grid outages.

batteries↗
DOE OSTI2023

Comparative Economic Analysis of Capture, Transport, and Storage from a CO2 Source Perspective

This presentation provides an overview of a study that evaluated multiple carbon capture and storage (CCS) networks within the Central United States using NETL-developed resources and models to assess management options different CO2 source types face from both economic and regional geologic perspectives when capturing, transporting and storing their CO2. It was presented at the Carbon Capture, Utilization, and Storage (CCUS) 2023 conference, organized and presented by the Society of Petroleum Engineers (SPE), American Association of Petroleum Geologists (AAPG), and Society of Exploration Geophysicists (SEG) and held in Houston, Texas, April 25-27, 2023.

Guinan, Allison↗
DOE OSTI2023

Techno-Economic Models are Instrumental in Analyzing Decarbonization Strategies

This presentations provides a high-level overview of the NETL-developed techno-economic models associated with the CO2 transport and CO2 storage components of the carbon capture and storage (CCS)/carbon capture, utilization, and storage (CCUS) value chain. It also discusses the models’ capabilities through the discussion of select modeling applications (both internal and external) and highlights current model modifications and future work. It was presented at the CCUS 2023 conference, organized and presented by the Society of Petroleum Engineers (SPE), American Association of Petroleum Geologists (AAPG), and Society of Exploration Geophysicists (SEG) and held in Houston, Texas, April 25-27, 2023.

Guinan, Allison↗
DOE OSTI2023

Status Update on NETL Techno-Economic Analysis of Solid Oxide Cells

This is a presentation delivered at the Solid Oxide Fuel Cell Project Review Meeting portion of the 2023 FECM / NETL Spring R&D Project Review Meeting on April 19, 2023. The presentation highlights recently completed techno-economic analysis of solid oxide cell systems including a brief overview of pairing SOFC technology with energy storage, an analysis of the tradeoffs associated with reversible SOC technology versus paired SOFC/SOEC, and highlights of the recently released NGFC and IGFC pathway studies. A more detailed description of analysis conducted on hydrogen fueled SOFC systems is also included.

Hackett, Gregory↗
DOE OSTI2023

Economic Impacts of Nuclear Plants in Communities

The U.S. nuclear industry currently employs nearly 475,000 people in full-time jobs (direct and secondary). 100,000 of these are direct, career-length and skilled. According to the U.S. Bureau of Labor Statistics and the Nuclear Energy Institute, the nuclear electric power generation sector directly employs between 50,000 and 60,000 workers. Nuclear vendors and manufacturers add another 60,000 positions. Compensation is also high and in 2021, nuclear power reactor operators received a median annual pay of over $100,000. While operators are not required by Nuclear Regulatory Commission regulations to have a college degree, the average nuclear engineer with a bachelor’s degree earned over $120,000. The defining characteristics of a nuclear power plant make it an economic hub because of the broad range of work roles required during construction and normal operation. This ranges from jobs in the skilled trades like electricians and pipefitters, to scientists and engineers whose backgrounds are in multiple disciplines.

99 GENERAL AND MISCELLANEOUS↗
DOE OSTI2023

Advancing Clean Energy and Economic Development Goals in Pembroke Hopkins Park Township

Pembroke Hopkins Park Township (PHP) is participating in the U.S. Department of Energy's (DOE) Communities Local Energy Action Program (LEAP) pilot, which is supporting 24 communities across the United States in their efforts to transition to clean energy to improve energy reliability, lower energy costs, and strengthen local economies. Communities LEAP is specifically open to low-income, energy-burdened communities that are also experiencing either direct environmental justice impacts or direct economic impacts by moving towards clean energy solutions.

Communities LEAP↗