Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “capital”

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 145 records · Page 8

Satellite Power Systems (SPS) concept definition study. Volume 7: SPS program plan and economic analysis

The economic and programmatic requirements for a recommended SPS solar photovoltaic baseline concept were analyzed. Costs are determined for the DDT&E; initial capital investment (covers initial procurement and emplacement of each SPS plant and equipment); replacement capital investment (capital asset replacement over the SPS operating life); operations and maintenance (expendables, minor maintenance, repair crews); and taxes/insurance.

Hanley, G.↗

Market assessment of photovoltaic power systems for agricultural applications worldwide

Agricultural sector PV market assessments conducted in the Phillippines, Nigeria, Mexico, Morocco, and Colombia are extrapolated worldwide. The types of applications evaluated are those requiring less than 15 kW of power and operate in a stand alone mode. The major conclusions were as follows: PV will be competitive in applications requiring 2 to 3 kW of power prior to 1983; by 1986 PV system competitiveness will extend to applications requiring 4 to 6 kW of power, due to capital constraints, the private sector market may be restricted to applications requiring less than about 2 kW of power; the ultimate purchase of larger systems will be governments, either through direct purchase or loans from development banks. Though fragmented, a significant agriculture sector market for PV exists; however, the market for PV in telecommunications, signalling, rural services, and TV will be larger. Major market related factors influencing the potential for U.S. PV Sales are: lack of awareness; high first costs; shortage of long term capital; competition from German, French and Japanese companies who have government support; and low fuel prices in capital surplus countries. Strategies that may aid in overcoming some of these problems are: setting up of a trade association aimed at overcoming problems due to lack of awareness, innovative financing schemes such as lease arrangements, and designing products to match current user needs as opposed to attempting to change consumer behavior.

Cabraal, A.↗

Comparative economics of space resource utilization

Physical economic factors such as mass payback ratio, total payback ratio, and capital payback time are discussed and used to compare the economics of using resources from the Moon, Mars and its moons, and near Earth asteroids to serve certain near term markets such as propellant in low Earth orbit or launched mass reduction for lunar and Martian exploration. Methods for accounting for the time cost of money in simple figures of merit such as MPRs are explored and applied to comparisons such as those between lunar, Martian, and asteroidal resources. Methods for trading off capital and operating costs to compare schemes with substantially different capital to operating cost ratio are presented and discussed. Areas where further research or engineering would be extremely useful in reducing economic uncertainty are identified, as are areas where economic merit is highly sensitive to engineering performance - as well as areas where such sensitivity is surprisingly low.

Cutler, Andrew Hall↗

Leasing as a Source of Finance by the Major US Airlines: Hidden Debt and its Changes Over Time

This paper updates prior research on aircraft leasing and contrasts the findings of current data with prior results. Usage of leases by air carriers is a means to lessen the impact of financial obligations from fleet purchases. The study revisits two previous studies, one in 1969 and one in 1991, which is analyzed the incidence of leases by major air carriers. The current study updates these past studies to consider air carriers current usage of leases. Additionally, since operating leases are not reflected in the balance sheets of airlines, operating lease information was capitalized using a present value of future operating lease payments. Then, financial debt burden ratios were computed to determine the impact from the capitalization of lease information. The usage of operating leases increased, significantly from the first study to the 1991 study, and this trend continues. The incidence of leasing, the classification of leases as operating, and the percentage of operating leases to total fleet have all increased for the majority of the airlines reviewed. When operating lease data were capitalized, debt ratios weakened, providing further evidence of deterioration in the financial health of air carriers.

Gritta, Richard D.↗

D-Side: A Facility and Workforce Planning Group Multi-criteria Decision Support System for Johnson Space Center

"To understand and protect our home planet, to explore the universe and search for life, and to inspire the next generation of explorers" is NASA's mission. The Systems Management Office at Johnson Space Center (JSC) is searching for methods to effectively manage the Center's resources to meet NASA's mission. D-Side is a group multi-criteria decision support system (GMDSS) developed to support facility decisions at JSC. D-Side uses a series of sequential and structured processes to plot facilities in a three-dimensional (3-D) graph on the basis of each facility alignment with NASA's mission and goals, the extent to which other facilities are dependent on the facility, and the dollar value of capital investments that have been postponed at the facility relative to the facility replacement value. A similarity factor rank orders facilities based on their Euclidean distance from Ideal and Nadir points. These similarity factors are then used to allocate capital improvement resources across facilities. We also present a parallel model that can be used to support decisions concerning allocation of human resources investments across workforce units. Finally, we present results from a pilot study where 12 experienced facility managers from NASA used D-Side and the organization's current approach to rank order and allocate funds for capital improvement across 20 facilities. Users evaluated D-Side favorably in terms of ease of use, the quality of the decision-making process, decision quality, and overall value-added. Their evaluations of D-Side were significantly more favorable than their evaluations of the current approach. Keywords: NASA, Multi-Criteria Decision Making, Decision Support System, AHP, Euclidean Distance, 3-D Modeling, Facility Planning, Workforce Planning.

Tavana, Madjid↗

Cloud-Computing and Machine Learning in Support of Country-Level Land Cover and Ecosystem Extent Mapping in Liberia and Gabon

Liberia and Gabon joined the Gaborone Declaration for Sustainability in Africa (GDSA), established in 2012, with the goal of incorporating the value of nature intonational decision making by estimating the multiple services obtained from ecosystems using the natural capital accounting framework. In this study, we produced 30-m resolution 10 classes land cover maps for the 2015 epoch for Liberia and Gabon using the Google Earth Engine (GEE) cloud platform to support the ongoing natural capital accounting efforts in these nations. We pro-pose an integrated method of pixel-based classification using Landsat 8 data, the Random Forest(RF) classifier and ancillary data to produce high quality land cover products to fit abroad range of applications, including natural capital accounting. Our approach focuses on a pre-classification filtering (Masking Phase) based on spectral signature and ancillary data to reduce the number of pixels prone to be misclassified; therefore, increasing the quality of the final product. The proposed approach yields an overall accuracy of 83% and 81% for Liberia and Gabon, respectively, out performing prior land cover products for these countries in both thematic content and accuracy. Our approach, while relatively simple and highly replicable, was able to produce high quality land cover products to fill an observational gap in up to date land cover data at national scale for Liberia and Gabon.

Celio de Sousa↗

Numerical Model Development of a Variable-Geometry Attenuator Wave Energy Converter: Preprint

Because the wave energy industry is still in its infancy, an optimal design for wave energy converters (WECs) has yet to be established; more work is needed to explore various cost reduction pathways. The primary cost-reduction pathway considered for this work is the optimization of the geometric profile on an attenuator WEC to maximize power production while, at the same time, minimizing capital expenditures through the use of variable-geometry modules. In this investigation, the variable geometry modules consist of inflatable bags placed on either side of a base central steel cylinder that would be inflated in low moderate sea states to maximize power capture and then deflated in moderate-extreme sea states to minimize wave loading. The numerical model and simulation of the attenuator WEC were developed and completed using WEC-Sim, which is an open-source code that is appropriate for use in evaluating the dynamic response of the different WEC models in operational seas. The power production estimates were obtained from the Wave Energy Prize (WEP) sea states, which are representative of U. S. deployment sites, to calculate the average climate capture width that is used in the WEP ACE calculation. Preliminary capital expenditure costs were obtained assuming the base central steel cylinder mass was equal to the fluid displaced mass, minus the mass of the variable-geometry bags. The additional weight required to offset the additional buoyancy from the variable-geometry bags was assumed to come from the addition of seawater ballast. The variable-geometry attenuator model was found to have a similar power capture efficiency as a fixed-body model, but is expected to have a lower characteristic capital expenditure given its more streamlined profile, which demonstrates that variable-geometry modules may provide a realistic cost-reduction pathway to help design a more cost-competitive WEC.

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

Development and Application of a Risk Analysis Toolkit for Plant Resources Optimization

This report summarizes the R&D activities of the Risk Informed Asset Management (RIAM) project during fiscal year 2020 (FY20). This project focuses on the development of methods designed to optimize plant operations (e.g., maintenance/replacement schedule, optimal maintenance posture) provided system/component health/cost data. This project development lives in cooperation with the Plant Health Management (PHM) project which focuses on the development of methods that integrate component health data and propagate such information at the system level to evaluate most relevant sources of risk. This year’s activities for the RIAM project focused on the continuation of schedule optimization algorithms developed in FY19. While in FY19 we focused on both deterministic and stochastic capital budgeting methods, in FY20 we moved forward by implementing two versions of schedule optimization methods. The first one reformulates the capital budgeting problem in a distributionally robust form which allows the user to rely on data directly rather than proposing a distribution from the data itself. The second version reformulates the capital budgeting explicitly using risk measures as variables to maximize/minimize. Lastly, we focused on the development of methods designed to identify the optimal maintenance posture based on the Pareto Frontier analysis. Rather than performing a tradeoff analysis (i.e., identify the absolute best posture), the Pareto Frontier analysis performs a trade space exploration approach (i.e., identify value and costs of several postures and have the analyst perform the task of imposing desired value and cost constraints). This is performed by identifying maintenance postures that maximize value (e.g., system availability) and minimize operational costs, i.e., the Pareto frontier in a value-cost trade space.

97 MATHEMATICS AND COMPUTING↗

Effect of Power Plant Capacity on the CAPEX, OPEX, and LCOC of the CO2 Capture Process in Pre-Combustion Applications - Abstract

Aspen Plus v8.8 was used to simulate the pre-combustion CO2 capture process from a typical fuel gas stream at different power plant capacities ranging from 54.3 to 543 MW. Polyethylene glycol polydimethyl siloxane (PEGPDMS-1) was used as a physical solvent to capture CO2 in a countercurrent packed-bed absorber containing a structured packing (Mellapak 250Y). The process pressure was 51.4 bar and the solvent temperature was varied from 10 to 40 <sup>o</sup>C. The internal diameter of the absorber ranged from 1.9 to 7 m and the packing height from 13.9 to 45.5 m. The physico-chemical properties were obtained and modeled using the Perturbed Chain-Statistical Associating Fluid Theory (PC-SAFT) Equation-of-State (EOS).<p> Four process constraints were imposed in Aspen Plus: (1) no flooding in the absorber, (2) the absorber height to diameter ratio (H/D) is greater than or equal 6, (3) at least 90 mol% of the CO2 capture from the fuel gas stream, and (4) the CO2 stream destined to sequestration sites should contain less than 600 ppm water concentration and less than or equal 0.5 mol% of fuel gases (H2, CO, CH4). The plant lifetime was assumed to be 30 years with an annual discount rate of 10% and an annual maintenance cost of 4% of the total capital expenses.</p><p> Seven power plants with different capacities were used and for each plant, the corresponding CO2 capture process was simulated. The absorber flooding was checked using the generalized pressure drop correlation (GPDC) by Leva [1] and the capital expenditure (CAPEX), operating expenditure (OPEX), and levelized costs per ton of CO2 captured (LCOC) were calculated [2-5]. Normalized by the largest power plant capacity (543 MW) used in the simulation, the results indicated that the capital and operating expenditures increased, however, the LCOC decreased with increasing plant capacity. This behavior was due to the increased annual tonnage of the CO2 captured with plant capacity as shown in Figure 1. The calculated CAPEX, OPEX, LCOC and the tonnage of CO2 captured for the 543 MW power plant were about 52 MM$, 22 MM$/year, 7.46 $/ton and 4 MM ton/year.</p>

Ashkanani, Husain↗

Wash Vehicle Fleet Sizing for Contingency Planning Against Dust Storms: Preprint

Wash vehicles containing either high- or low-pressure water sprayers, a collection of rotating brushes, or a combination of these, are frequently utilized in concentrating solar power (CSP) plants to maintain a high level of optical efficiency in the solar field. In recent years, multiple modeling approaches have been developed to obtain fleet sizes and mirror-washing schedules that optimize the tradeoff of vehicle capital and use costs and labor versus lost revenues due to soiling. These planning models cover normal operating conditions well but do not consider rare events such as dust storms which can a significant reduction in receiver productivity, or shut down operations until most or all of the solar field’s mirrors have been cleaned. To that end, we propose a methodology that evaluates whether additional capital should be deployed to hedge against these events by weighing the net present value of the expected benefits against the capital costs. The output of this method is a breakeven frequency, a metric we sue to determine whether an additional vehicle should be purchased to address the contingency of dust storms by comparing it to the expected annual storm frequency We develop a small collection of case studies using commercial-scale CSP tower plants and obtain breakeven frequencies that mostly fall between 0.1 and 1.0 storms per year, depending on the existing fleet size and storm severity.

41 EE - Solar Energy Technologies Office (EE-4S)↗

Advancing Clean Energy Equity

This year’s Financial Innovations Roundtable (June 16-17, 2022) focused on advancing clean energy equity and was co-hosted by the University of New Hampshire's Carsey School of Public Policy and the Federal Reserve Bank of New York. Clean energy technologies are better than ever, with costs continuing to decline. Yet the low-income and under-resourced communities – particularly communities of color, Native communities, and other traditionally marginalized populations – that are disproportionately impacted by climate and severe weather-related events lag in clean energy investments. Community Development Financial Institutions (CDFIs) have a long track record of providing access to capital to low- and moderate-income communities nationwide. Green Banks, established at state and local levels, use innovative financing to attract private capital and incentivize investments in clean and renewable energy. Together, the nation's network of more than 1,300 CDFIs and 21 Green Banks have the financing expertise and deep market understanding and relationships to finance a transition to clean energy. This event explored how Green Banks and CDFIs can funnel creditworthy projects to market and efficiently raise capital for them. Building on the Carsey School White Paper, Clean Energy Project Development for Low-Income Communities: Strengthening the Ecosystem for Delivering Solar Energy and Deep Efficiency Retrofits (Hangen, 2022), the FIR sought to identify options and create opportunities for Green Banks, CDFIs, and impact investors to collaborate in offering a range of products, approaches, and tools to better serve communities and individuals who have thus far been left out of the transition to clean energy. The event had 101 participants from a variety of sectors including CDFIs, Green Banks, mission-driven clean energy organizations, government agencies, banks, and impact investment professionals.

14 SOLAR ENERGY↗

Data Center High-Temperature Liquid Cooling and Heat Reuse Techno-Economic Study: Preprint

Data centers are energy-intensive facilities with growing demands for efficiency and cost-effective operations. Smaller, more distributed edge inference data centers are expected to proliferate as AI applications require low latency closer to the user of AI tools, which presents a growing opportunity to explore the systems implications of liquid cooling on water and energy use. This study analyzes the implementation of high-temperature liquid cooling systems in a prototypical inference 1-MW data center and explores the potential for heat reuse across varying climates with a goal to optimize energy efficiency, reduce capital and operational costs, and identify opportunities for high-performance cooling and water use reduction infrastructure. This analysis evaluated configurations utilizing a peak day hourly sizing and systems performance spreadsheet to evaluate design and operational conditions from which component sizes, installed cost, operational cost, and performance metrics were determined for the Base case and the Elevated case. The techno-economic analysis included heat reuse applications across a range of heat recovery temperatures and heat rejection options. The analysis shows that high-temperature liquid cooling allows for improved energy efficiency, lower water consumption, and lower capital costs compared to traditional cooling approaches. Transitioning to elevated water inlet/outlet temperatures (50 degrees C/60 degrees C) eliminates the need for chillers, cooling towers, and heat recovery equipment in many scenarios across three distinct climate zones. This results in up to 75% capital cost savings for the cooling and heat recovery equipment, and with significantly reduced water consumption, especially in non-heat reuse applications. Heat generated from data centers can also be repurposed for space heating, domestic hot water, and other applications, and is most cost-effective when data center outlet temperatures exceed 55-60 degrees C.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Internal Financing for Carbon Reduction Projects

This fact sheet summarizes 6 common internal financing modes and provides examples for each: Capital Expenditure/Operating Outlay, Self-Funded Energy Performance Contracts (ESPC), Carbon Fee Funds, Green Bonds, Green Revolving Funds, and Capital Investment Funds.

financing, carbon reduction, carbon emissions, ESP↗

Decarbonization of the Electric Power Sector and Implications for Low-Cost Hydrogen Production from Water Electrolysis

Increasing development of wind and solar generation in the power sector can create economic opportunities for the deployment of water electrolyzers that produce hydrogen. Temporal variation in the marginal cost of energy in future decarbonized grids can make it favorable for electrolyzers to dispatchably ramp hydrogen production up and down in response to low- and high-cost times. Using this strategy, low-cost hydrogen production is enabled by electrolyzers that are low-capital cost and tolerant to frequent on/off cycling. Ramping down hydrogen production to a designated turndown ratio can avoid performance degradation caused by on/off cycling by not shutting the electrolyzer completely off. This comes with a slight cost penalty which can be minimized if the turndown ratio is low (i.e., the system ramps down hydrogen production to close to zero). These results suggest that electrolyzers integrated into future power systems are likely to benefit from the ability to ramp operation up and down quickly and operate in a standby mode. This analysis forms a basis for comparative tradeoffs between electrolyzer capital cost, operating strategy, and system durability and demonstrates the importance of considering all three factors in technoeconomic analysis.

capital cost↗

Techno-economic analysis of advanced small modular nuclear reactors

Here, small modular nuclear reactors (SMRs) represent a robust opportunity to develop low-carbon and reliable power with the potential to meet cost parity with conventional power systems. This study presents a detailed, bottom-up economic evaluation of a 12 × 77 MW e (924 MW e total) light-water SMR (LW-SMR) plant, a 4 × 262 MW e (1,048 MW e ) gas-cooled SMR (GC-SMR) plant, and a 5 × 200 MW e (1,000 MW e total) molten salt SMR (MS-SMR) plant. Cost estimates are derived from equipment costs, labor hours, material inputs, and process-engineering models. The advanced SMRs are compared to natural gas combined cycle plants with and without post-combustion carbon capture and a conventional large nuclear reactor. Overnight capital cost (OCC) and levelized cost of energy (LCOE) estimates are developed. The OCC of the LW-SMR, GC-SMR, and MS-SMR are found to be $\$4,844$/kW, $\$4,355$/kW, and $\$3,985$/kW respectively. The LCOE of the LW-SMR, GC-SMR, and MS-SMR are found to be $\$89.6$/MWh, $\$81.5$/MWh, and $\$80.6$/MWh respectively. A Monte Carlo analysis is performed, for which the OCC and construction time of the LW-SMR is found to have a lower mean and standard deviation than a conventional large reactor. The LW-SMR OCC is found to have a mean of $\$5,233$/kW with a standard deviation of $\$658$/kW and a 90 % probability of remaining between $\$4,254$/kW and $\$6,399$/kW, while the construction duration is found to have a mean of 4.5 years with a standard deviation of 0.8 years and a 90 % probability of remaining between 3.4 and 6.0 years. The economic impact of economies of scale, simplification, modularization, and construction time for SMRs are discussed. Additionally, policy implications for direct SMR capital subsidies and the impact of a carbon tax on natural gas emissions are explored.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Techno-economic analysis of non-aqueous hybrid redox flow batteries

Renewable energy has become indispensable to improving human life, but its growth is hampered by a lack of cost-effective energy storage systems to solve the intermittency problem. Non-aqueous hybrid redox flow batteries (NAqHRFBs), based on lithium metal anode and organic redox molecules (redoxmers), have been investigated as an attractive energy storage option because of their high cell voltages and energy densities compared to other redox flow battery candidates. However, little is known about the economic potential of NAqHRFBs, as well as the operational and materials impacts. This research establishes a techno-economic model to analyze the capital costs of NAqHRFBs with selected organic redoxmers, including 2,2,6,6-tetramethylpiperidine-1-oxyl (TEMPO). Sensitivity analyses for current density, area-specific resistance, cell voltage, electrolyte composition, redoxmer price, and equivalent molecular weight indicate the key factors in controlling NAqHRFB capital cost. To make the current NAqHRFB cost-effective, the first priority is to increase the operation current density over 10 times of those used in lab-scale tests, followed by adjusting redoxmer-related characteristics to afford more cost reduction space such as decreasing the unit price by ~20 fold. The results have shed light on potential material development and system engineering directions to make NAqHRFBs viable for renewable energy storage.

25 ENERGY STORAGE↗

Compact Absorber Technology Leads to Significant Reduction in the Cost of Point Source CO 2 Capture

The size of columns in traditional absorption-based processes for CO 2 capture contributes significantly to the overall capital cost. A demonstrated method to reduce the cost of point source CO 2 capture, focusing on reducing the absorber height by increasing the liquid-to-gas reaction contact area and decreasing the CO 2 diffusion resistance without increasing gas-side pressure drop is presented along with techno-economic analysis results. Bench-scale tests on the unique Compact Absorber showed overall CO 2 mass transfer enhancement of varying degrees compared to a traditional packed column for similar process conditions, demonstrating that a 60+% reduction in size of a typical post-combustion absorber with a packing height of 70-100 ft and total height of 150-180 ft can be achieved. The techno-economic analysis showed significant cost reductions when the Compact Absorber is combined with other transformative aspects of the University of Kentucky Institute for Decarbonization and Energy Advancement point source CO 2 capture process compared to the U.S. Department of Energy National Energy Technology Laboratory pertinent reference case for pulverized coal plants with CO 2 capture. Here, a levelized cost of electricity excluding CO 2 transportation and storage of $\$95.6$/MWh was estimated, which is a 9% reduction, with a total capital cost contribution of $45/MWh, which is a 12% reduction. Additionally, a breakeven CO 2 sales price also referred to as the cost of CO 2 capture, of $36.70/tonne was estimated when the UK hindered primary amine solvent is used, which is a 20% reduction compared to the reference case.

CO2 capture↗

Prime Impact Fund (Final Technical Report)

PRIME Coalition Inc. constructed a first-of-its-kind impact investment fund comprised exclusively of charitable capital from grant and program-related investment-makers (private foundations, community foundations, corporate foundations, donor-advised funds, an d other corporate, family office, and individual donors). Prime Impact Fund was purpose-built to address the "innovation valley of death" in the energy sector, stepping into the capital gap with a new investment model.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗