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At least 127 records · Page 7
All sourcesNASA NTRSDOE OSTI
DOE OSTI2024

Community Energy Storage Financing: Resources and structures under the Inflation Reduction Act

New federal financial resources are available to community-based energy storage projects and new financing structures are emerging in response. Many of these new resources arise from the Inflation Reduction Act of 2022, which makes billions of dollars available for clean energy technology like energy storage. It also makes clean energy tax credits available to certain community entities through a new elective pay mechanism. These new resources are a significant opportunity. Navigating their nuances may be challenging. This paper aims to identify and raise awareness of these developments and serve as a resource guide for community entities considering or pursuing community energy storage. The paper is arranged around key financial considerations that a community entity might weigh: the benefits desired from the project, the costs to provide those benefits, project ownership, pursuing tax credits, and additional sources of capital. These considerations give rise to several potential financial structures that are identified and finally compared.

25 ENERGY STORAGE↗
DOE OSTI2024

Opportunities for Pumped Storage Hydropower under the Inflation Reduction Act [Slides]

The Inflation Reduction Act (IRA) creates significant incentives for clean energy technologies including pumped storage hydropower (PSH). The investment tax credit (ITC) is expected to sunset in 2033 (or later). This decade-long window of opportunity can accommodate the lead times typically necessary for developing PSH. The ITC for PSH likely ranges from 6%-50%. Portions of the ITC are spatially dependent. 22 states have the potential for deployment of PSH at a feasible site with the maximum ITC of 50%, based on currently defined areas under the energy community tax credit bonus. Regions including the central Rockies, Appalachia and the California-Nevada border have especially high combined potential for site feasibility and ITC.

13 HYDRO ENERGY↗
DOE OSTI2024

Effects of the U.S. inflation reduction act on SMR economics

The U.S. Inflation Reduction Act (IRA) of 2022 provides a wide array of tax credits and other incentives for low-carbon energy. The technology-neutral clean generation production tax credit (PTC) (Section 45Y of the U.S. Internal Revenue Code) and the technology-neutral investment tax credit (ITC) (Section 48E) lower the net cost of new electricity generation projects with zero or negative greenhouse gas emission rates. We evaluate the impact of the IRA legislation—specifically the PTC and ITC—on the cost-competitiveness of small modular reactors (SMRs). We use the Argonne Low-carbon Energy Analysis Framework (A-LEAF) model to calculate the capacity factor of an SMR with a range of hypothetical variable operating and maintenance (O&M) costs in the Electric Reliability Council of Texas (ERCOT) electricity market. We selected ERCOT for market modeling because of its competitive structure, available data, and extensive use in prior literature. We use a discounted cash flow model to calculate the SMR’s net present value based on the market prices and capacity factors from A-LEAF, hypothetical ranges of capital and variable O&M costs, and other input parameters, with or without the IRA tax credits. We determine the SMR owner’s optimal choice of PTC or ITC for the hypothetical ranges of capital and variable O&M costs. We also evaluate potential shifts in the SMR owner’s optimal choice of PTC or ITC based on historical patterns of nuclear capital cost overruns in the United States. We also assess the sensitivity of our results to longer PTC period and electricity prices from the New England market, which tend to be higher than electricity prices in ERCOT. We find that even with the IRA tax credits, only SMRs with low capital and variable O&M costs would be economically feasible in the low-price ERCOT market scenario modeled. A longer PTC period and higher-price market such as New England, however, would significantly expand the economic feasibility of SMRs in the United States.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2022

Discretely Charged Dark Matter in Inflation Models Based on Holographic Space-Time

The holographic space-time (HST) model of inflation has a potential explanation for dark matter as tiny primordial black holes. Motivated by a recent paper of Barrau, we propose a version of this model where some of the inflationary black holes (IBHs), whose decay gives rise to the Hot Big Bang, carry the smallest value of a discrete symmetry charge. The fraction f of IBHs carrying this charge is difficult to estimate from first principles, but we determine it by requiring that the crossover between radiation and matter domination occurs at the correct temperature T eq ~ 1eV=10 –28 M P . The fraction is small, f ~ 2×10 –9 , so we believe this gives an extremely plausible model of dark matter.

79 ASTRONOMY AND ASTROPHYSICS↗
DOE OSTI2021

TOI-954 b and K2-329 b: Short-period Saturn-mass Planets that Test whether Irradiation Leads to Inflation

We report the discovery of two short-period Saturn-mass planets, one transiting the G subgiant TOI-954 (TIC 44792534, V = 10.343, T = 9.78) observed in TESS sectors 4 and 5 and one transiting the G dwarf K2-329 (EPIC 246193072, V = 12.70, K = 10.67) observed in K2 campaigns 12 and 19. We confirm and characterize these two planets with a variety of ground-based archival and follow-up observations, including photometry, reconnaissance spectroscopy, precise radial velocity, and high-resolution imaging. Combining all available data, we find that TOI-954 b has a radius of 0.852{sub −0.062}{sup +0.053} R{sub J} and a mass of 0.174{sub −0.017}{sup +0.018} M {sub J} and is in a 3.68 day orbit, while K2-329 b has a radius of 0.774{sub −0.024}{sup +0.026} R{sub J} and a mass of 0.260{sub −0.022}{sup +0.020} M {sub J} and is in a 12.46 day orbit. As TOI-954 b is 30 times more irradiated than K2-329 b but more or less the same size, these two planets provide an opportunity to test whether irradiation leads to inflation of Saturn-mass planets and contribute to future comparative studies that explore Saturn-mass planets at contrasting points in their lifetimes.

47 OTHER INSTRUMENTATION↗
DOE OSTI2021

Spitzer Phase-curve Observations and Circulation Models of the Inflated Ultrahot Jupiter WASP-76b

The large radii of many hot Jupiters can only be matched by models that have hot interior adiabats, and recent theoretical work has shown that the interior evolution of hot Jupiters has a significant impact on their atmospheric structure. Due to its inflated radius, low gravity, and ultrahot equilibrium temperature, WASP-76b is an ideal case study for the impact of internal evolution on observable properties. Hot interiors should most strongly affect the nonirradiated side of the planet, and thus full phase-curve observations are critical to ascertain the effect of the interior on the atmospheres of hot Jupiters. In this work, we present the first Spitzer phase-curve observations of WASP-76b. We find that WASP-76b has an ultrahot dayside and relatively cold nightside with brightness temperatures of 2471 ± 27 K/1518 ± 61 K at 3.6 μm and 2699 ± 32 K/1259 ± 44 K at 4.5 μm, respectively. These results provide evidence for a dayside thermal inversion. Both channels exhibit small phase offsets of 0.68 ± 0.°48 at 3.6 μm and 0.67 ± 0.°2 at 4.5 μm. We compare our observations to a suite of general circulation models (GCMs) that consider two endmembers of interior temperature along with a broad range of frictional drag strengths. Strong frictional drag is necessary to match the small phase offsets and cold nightside temperatures observed. From our suite of cloud-free GCMs, we find that only cases with a cold interior can reproduce the cold nightsides and large phase-curve amplitude at 4.5 μm, hinting that the hot interior adiabat of WASP-76b does not significantly impact its atmospheric dynamics or that clouds blanket its nightside.

79 ASTRONOMY AND ASTROPHYSICS↗
DOE OSTI2023

Inflatable pressure absorption wave actuated pump

Disclosed herein is a wave energy converter that uses a flexible and inflatable chamber to absorb wave energy and convert it to electrical energy through the varying hydrostatic and hydrodynamic pressure at or below the water surface.

Jenne, Dale Scott↗
DOE OSTI2024

Behavioral Approaches to Improve Consumer Uptake of Inflation Reduction Act Incentives

During this workshop, attendees will suggest how local home improvement contractors can be encouraged to support the roll out of Inflation Reduction Act (IRA) provisions with behavioral insights. Workshop sponsor, NREL, and workshop moderator, Dr. Sussman, will compile audience suggestions for states, local governments, and the US Department of Energy to inform their rollout of the IRA.

behavior↗
DOE OSTI2020

Using SPT polarization, Planck 2015, and non-CMB data to constrain tilted spatially-flat and untilted nonflat ΛCDM, XCDM, and ΦCDM dark energy inflation cosmologies

We use six tilted spatially-flat and untilted non-flat dark energy cosmological models in analyses of South Pole Telescope polarization (SPTpol) cosmic microwave background (CMB) data, alone and in combination with Planck 2015 CMB data and non-CMB data, namely, the Pantheon Type Ia supernovae apparent magnitudes, a collection of baryon acoustic oscillation data points, Hubble parameter measurements, and growth rates. Although the cosmological models that best-fit the Planck CMB and non-CMB data do not provide good fits to the SPTpol data, with the χ2's exceeding the expected value, given the uncertainties, in each model the cosmological parameter constraints from the SPTpol data and from the Planck CMB and non-CMB data are largely mutually consistent. Furthermore, when the smaller angular scale SPTpol data are used jointly with either the Planck data alone or with the Planck CMB and the non-CMB data to constrain untilted non-flat models, spatially-closed models remain favored over their corresponding flat limits. When used in conjunction with Planck data, non-CMB data (baryon acoustic oscillation measurements in particular, from six experiments) have significantly more constraining power than the SPTpol data.

79 ASTRONOMY AND ASTROPHYSICS↗