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At least 145 records · Page 8

Comparative airship economics

As future LTA vehicles will be doomed right from the start if they do not fill a real need, some differences in transport philosophy between design engineers on the one hand and freight forwarders on the other are discussed. Watching rising costs of energy necessary to transport our cargo from A to B, and realizing that this price of energy is always included in the product's selling price at B, the apparent correlation between installed specific tractive force per unit of cargo weight and pure freighting cost are contemplated. Very speedy and progressive Airship designs are mistrusted, because the key to any low cost transport tool is to design it for its given task only, without any unnecessary sophistication.

Harthoorn, R.↗

Dataset for: Price Controls for Scarcity Events in Real-Time and Transactive Energy Systems

Real time pricing (RTP) is often promoted as a mechanism to improve the economic efficiency of the electricity system. However, many regulators have been hesitant to adopt RTP due to concerns about exposing customers to extreme price swings. To balance these concerns, this paper proposes a methodology for establishing price controls, based on the supply of demand-side flexibility in the system. As an illustrative example, we measure price responsiveness using an agent-based simulation model that is representative of the ERCOT market. The model is composed of a distribution feeder that has 250 customers with active agents controlling their HVAC systems in response to the historical ERCOT RTP with an artificially added high-price event. These agents are subjected to increasing electricity prices during the event, which we then use to create a supply curve for demand-side resources in our modeled scarcity event. We set potential price caps at points on the supply curve where customers’ have exhausted their flexible capacity. Using historical prices, we examine the systemic costs of these price caps, and present regulatory options for recouping them. Utilities and regulators interested in limiting consumer risk from dynamic pricing can utilize these methods to develop rate structures and encourage conservation. The attached data upload allows for the duplication or modification of the analysis performed in this study.

Kerby, Jessica R↗

A hub and spoke approach to optimizing energy wheeling of renewable resources

The deployment of zero carbon renewable energy sources needs to increase significantly to support the goal of net zero greenhouse gas emissions by 2050. At the same time energy end use needs to decarbonize. This will change both energy supply and energy demand patterns, requiring the energy delivery infrastructure (grid-based transmission circuits) to become increasingly flexible to maintain security of supply everywhere and always. The integration of zero carbon renewable energy requires cross-border and cross energy system coupling and a fit-for-purpose design. Nowadays, energy systems are planned, designed and operated in silos with a strong national focus. However, large-scale offshore wind production needs to be transported to deep inland locations, across country borders. The increased peak generation capacity of renewable energy sources will, at times, significantly exceed demand (Matthew Langholtz, 2020). The traditional solution of continuously reinforcing and extending the electricity grid is not sustainable from a cost and societal perspective. This paper will, however, propose a deterministic approach on how networked (interconnected grid) Points of receipt (POR) to Points of Delivery (POD) can be optimized for wheeling renewable energy resources while minimizing energy cost with a hub and spoke approach. The statistical approach will be done via using existing daily energy market clearing prices, available transmission capacity and firm daily transmission prices in open access energy markets. Renewable energy targets, including specific offshore wind targets, need to be in line with the ramp-up as implied by the Paris Agreement. These targets are required to provide industry with a secure market outlook that allows them to build up supply chains accordingly. Optimizing wheeled energy paths from carbon neutral resources such as renewables make them not only cost competitive on the unit commitment stack, but also more accessible on the dispatch stack to other carbon heavy forms of generation such as coal and natural gas turbines (Matthew Langholtz, 2020). This correlates to maximizing renewable resource inertia (wind, solar, biomass) within an interconnected grid without having to consider additional expansion of resources via land purchases and de-forestation.

Mukherjee, Srijib↗

A Fairness-based Distributed Energy Coordination for Voltage Regulation in Distribution Systems

The rapid adoption of photovoltaic (PV) systems combined with falling prices of energy storage is paving the way for a future in which customers could locally supply their energy needs and export surplus power to the grid. However, reverse power flow from multiple sites in a network can cause overvoltage that decreases system reliability and the utilization level of PV system. In this paper, we present a two-stage approach to solve the energy coordination problem in distribution networks. In the first stage, a household with PV and energy storage is optimized to allow customers to adopt different control strategies such as load following and tariff arbitrage. We show that such customer-led control strategies can cause reverse power flows during peak PV generation periods, thus resulting in overvoltage. In such cases, the second stage of the proposed approach is called upon to solve a fairness-based energy coordination problem that can maintain voltages within limits while maximizing the PV generation while fairly distributing the actions among all the PV systems. As a result, each of the resources in the network has equal opportunity to export power and shares the responsibility of voltage regulation. Simulation studies have been carried out on the IEEE 13-bus test feeder to verify the effectiveness of the proposed approach.

Distributed energy resources, fairness, overvoltag↗

Effect of biomass liquefaction on glucose and xylose prices predicted by National Renewable Energy Laboratory biochemical sugar model

Abstract The National Renewable Energy Laboratory (NREL) published a model in 2017 that enables the minimum selling price of lignocellulosic sugar to be calculated. The model can be modified to suit any biomass feedstock and operational design. In the present case, the model is used to understand the economics of a process configuration that incorporates liquefaction as a preprocessing step in corn‐stover‐fed biorefinery. This study demonstrates a quantitative approach utilizing an existing biorefinery setup to simulate the biomass liquefaction technique while estimating the price of the resulting sugar product. The objective is to understand whether the addition of liquefaction methodology – and the substitution of acid pretreatment – can reduce the cost of lignocellulosic sugars. The reason for setting up a liquefaction unit at the start is to reduce the yield stress of biomass slurry so that the flow remains unrestricted downstream. The liquefaction process is also unique because it uses no chemicals and saves the cost of pretreatment. The pretreatment step is bypassed because the output of liquefaction can be fed into enzyme hydrolysis just after simple cooking. The liquefaction process can be performed in three modes: enzyme, enzyme mimetic, and a combination of enzyme and enzyme mimetic. The results from the BC1707 model indicate the minimum cost for the enzyme liquefaction route. © 2022 The Authors. Biofuels, Bioproducts and Biorefining published by Society of Industrial Chemistry and John Wiley & Sons Ltd.

09 BIOMASS FUELS↗

Energy conservation and air transportation

Air transportation demand and passenger energy demand are discussed, in relation to energy conservation. Alternatives to air travel are reviewed, along with airline advertising and ticket pricing. Cargo energy demand and airline systems efficiency are also examined, as well as fuel conservation techniques. Maximum efficiency of passenger aircraft, from B-747 to V/STOL to British Concorde, is compared.

Source record↗

Valuation of Wind Energy Turbines Using Volatility of Wind and Price

The limitedness of the nonrenewable local energy resources in Israel, even in the background of the later gas fields’ findings, continues to force the state to devote various efforts towards ‘green’ energy development. These efforts include installations, both for the solar and for wind energy, thus improving the diversity of energy sources. While the standard discounted cash flow (DCF) method using the net present value (NPV) criterion is extensively adopted to evaluate investments, the standard DCF method is inappropriate for the rapidly changing investment climate and for the managerial flexibility in investment decisions. In recent years, the real options analysis (ROA) technique has been widely applied in many studies for the valuation of renewable energy investment projects. Taking into account the above background, we apply, in this study, the real options analysis approach for the valuation of wind energy turbines and apply it to the analysis of wind energy economic potential in Israel, which is the context of our work. We hypothesize that due to nature of wind energy production uncertainties, the ROA method is better than the alternative. The novelty of this paper includes the following: real world wind statistics of the Merom Golan site in Israel (velocity 3.73 m/s, with a standard deviation of 2.03 m/s), a realistic power generation estimation (power generation of 1205.84 kW with a standard deviation of about 0.5% in annual value which is worth about 1.3 M$ per annum), and an economic model to evaluate the profitability of such a project. We thus discuss the existing challenges of diversifying renewable energy sources in Israel by adding wind installations. Our motivation is to introduce a method which will allow investors and officials to take into account uncertainties when deciding in investing in such wind installations. The outcomes of the paper, which are obtained using the method of Weibull statistics and the Black–Scholes ROA technique, include the result that market price volatility adds to the uncertainties much more than any wind fluctuations, provided that the analysis is integrated over a long enough time.

17 WIND ENERGY↗

The shape of electrified transportation

Transportation is currently the least-diversified energy demand sector, with over 90% of global transportation energy use coming from petroleum products [1]. For more than a century, petroleum fuels have been relied upon to move people and goods within and between towns and cities, and on roads, railways, farms, waterways, and in the air. These energy-dense fuels have unquestionably provided reliable and convenient mobility options to power the modern global economy. However, these benefits have also created challenges associated with geopolitics, energy security, price volatility, and environmental impacts.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Pathways and Insights from Community Solar: A Guide to Community Energy Storage Success

Community energy assets bring the benefits of renewables to all energy system stakeholders, not just those with sufficient capital, land ownership, and resources. As the price of energy storage continues to decline and energy equity and justice principles are incorporated into policies and planning activities, Community Energy Storage (CES) is poised to follow in the footsteps of Community Solar’s (CS) success. Though CES is in its early stages and faces many unique challenges, it is an invaluable tool on the pathway to decarbonization, with the potential to increase renewable access, energy affordability, resilience, energy independence, wealth creation, and community empowerment. This paper provides a brief review of the history of CS, comparing the market and regulatory advances of CS to the current state of CES. The lessons learned from the rise of CS are then adapted to support those working to increase CES adoption in pursuit of a more equitable and sustainable energy system for all.

community energy planning, community solar, commun↗

The Future of Renewable Energy Transmission: An Autonomous Energy Grid

The drastic price reduction in variable renewable energy, such as wind and solar, coupled with the ease of use of smart technologies at the consumer level, is driving dramatic changes to the power system that will significantly transform how power is made, delivered, and used. Distributed energy resources (DERs)—which can include solar photovoltaic (PV), fuel cells, microturbines, gensets, distributed energy storage (e.g., batteries, ice storage), and new loads (e.g., electric vehicles (EVs), light-emitting diode (LED) lighting, smart appliances, and electric heat pumps)—are being added to electric grids and causing bidirectional power flows and voltage fluctuations that can impact optimal control and system operation. Residential solar installations, customer battery systems, and EVs are all seeing rapid increases in deployments. With DER seeing such increased use, it is not unreasonable to imagine a residential electricity customer having at least five controllable DERs. In future electric grids, as more DERs are integrated, the number of active control points will be too much for current control approaches to effectively manage.

30 DIRECT ENERGY CONVERSION↗

Q1 2023 U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks With Minimum Sustainable Price Analysis Data File

The U.S. Department of Energy's (DOE's) Solar Energy Technologies Office (SETO) aims to accelerate the advancement and deployment of solar technology in support of an equitable transition to a decarbonized economy no later than 2050, starting with a decarbonized power sector by 2035. Its approach to achieving this goal includes driving innovations in technology, hardware, and soft cost reductions to make solar affordable and accessible for all. As part of this effort, SETO must track solar cost trends so it can focus its research and development (R&D) on the highest-impact activities. The benchmarks in this report are bottom-up cost estimates of all major inputs to PV and energy storage system installations. Bottom-up costs are based on national averages and do not necessarily represent typical costs in all local markets. Like last year's report, this year's report includes two distinct sets of benchmarks: minimum sustainable price (MSP) benchmarks and modeled market price (MMP) benchmarks. MSP benchmarks can be interpreted as the minimum price a company needs to charge to remain financially solvent in the long term based on the minimum sustainable prices of all inputs including minimum sustainable profit margins. MMP benchmarks can be interpreted as the actual cash sales price a company charges in the given benchmark period. These simplified estimates are useful for tracking technological progress, but they do not reflect all experiences. In fact, no individual estimate under any approach can reflect the diversity of the PV and storage manufacturing and installation industries.

14 SOLAR ENERGY↗

Achieving Diesel Powertrain Ownership Parity in Battery Electric Heavy Duty Commercial Vehicles Using a Rapid Recurrent Recharging Architecture

Battery electric vehicles (BEV) in heavy duty (HD) commercial freight transport face challenging technoeconomic barriers to adoption. Specifically, beyond safety and compliance, fleet and operational logistics require both high up-time and parity with diesel system productivity/Total Cost of Ownership (TCO) to enable strong adoption of electrified powertrains. At present, relatively high energy storage prices coupled with the increased weight of BEV systems limit the practicality of HD commercial freight transport to shorter range applications, where smaller batteries will suffice for the mission energy requirements (single operational shift). This paper presents an approach to extend the feasibility of BEV HD trucking for a broad range of applications. The concept is based on the leveraging rapid and recurrent recharging of a BEV HD truck that may either already make frequent stops due to shipment drop-offs/reloading or be required to make frequent stops along with longer missions for recharging. While the challenges of the latter are well appreciated, the concept proposed explores making minimal impact to overall mission time by targeting high C-rate charging while optimizing the frequency (miles) through which these events must occur. The concept optimizes battery size and chemistry, such that the expected life (years and total energy throughput) is balanced with the depth of discharge between recharging events, thus making complete use of the energy available through the life of the battery system. The solution is constrained to minimize the impact on payload capacity. The paper analyzes critical levers in achieving diesel price parity (based on a simplified vehicle TCO), achieved through different purchase options (including lease versus buy) and operational models (half-life swap out). Finally, the paper identifies the application design domain where these solutions are viable with limited impact on fleet operations.

Sujan, Vivek↗

U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2023

The U.S. Department of Energy's (DOE's) Solar Energy Technologies Office (SETO) aims to accelerate the advancement and deployment of solar technology in support of an equitable transition to a decarbonized economy no later than 2050, starting with a decarbonized power sector by 2035. Its approach to achieving this goal includes driving innovations in technology, hardware, and soft cost reductions to make solar affordable and accessible for all. As part of this effort, SETO must track solar cost trends so it can focus its research and development (R&D) on the highest-impact activities. The benchmarks in this report are bottom-up cost estimates of all major inputs to PV and energy storage system installations. Bottom-up costs are based on national averages and do not necessarily represent typical costs in all local markets. Like last year's report, this year's report includes two distinct sets of benchmarks: minimum sustainable price (MSP) benchmarks and modeled market price (MMP) benchmarks. MSP benchmarks can be interpreted as the minimum price a company needs to charge to remain financially solvent in the long term based on the minimum sustainable prices of all inputs including minimum sustainable profit margins. MMP benchmarks can be interpreted as the actual cash sales price a company charges in the given benchmark period. These simplified estimates are useful for tracking technological progress, but they do not reflect all experiences. In fact, no individual estimate under any approach can reflect the diversity of the PV and storage manufacturing and installation industries. Our residential MMP benchmark ($2.90 per watt direct current [Wdc]) is 24% higher than the MSP benchmark ($2.34/Wdc) and 9% lower than our MMP benchmark ($3.18/Wdc) from Q1 2022 in 2022 U.S. dollars (USD). For community solar, our MMP benchmark ($1.75/Wdc) is 18% higher than our MSP benchmark ($1.49/Wdc). Our Q1 2022 benchmark report has no community solar system for comparison. For utility-scale systems with one-axis tracking, our MMP benchmark ($1.17/Wdc) is 22% higher than our MSP benchmark ($0.96/Wdc) and 10% higher than its counterpart ($1.07/Wdc) in Q1 2022 in 2022 USD.

14 SOLAR ENERGY↗

Price response of waste resources under demand shocks: four case studies

To quantify potential price changes of waste feedstocks that may be caused by increased demand, this study explored four case studies: 1) recyclable materials at local waste collection and recycling facilities in seven US states, 2) recyclable materials on internationally traded markets, 3) a wood-powered plant in Reading, PA, and 4) an MSW-powered plant in Tulsa, OK. The four case studies provided a total of ninety-one waste material price observations yielding twenty-seven price-supply relationships expressed as price elasticity of supply (PES) and unit price change with change in demand. For the two case studies related to recyclable materials with a global market shock, price changes vary widely from $0.08-$7.84 per ton with each percent change in demand. For the two case studies related to local market shocks in biomass used for energy, observed price changes range from $0.08-$0.23 per ton per percent change in demand. Based on these results, a base range of $0.10-$0.20 per ton per percent change in demand is recommended for local market shocks. I.e., for a facility that collects organic wastes on the order of 200,000-400,000 tons per year at price near zero, a doubling of demand could increase procurement prices by about $10.00-$20.00 per ton. Actual price changes with respect to change in demand may be non-linear. Shocks with broader geographic extent may increase price response due to a reduced opportunity for surrounding markets to mitigate localized market changes.

09 BIOMASS FUELS↗

Techno-economic analysis of cathode material production using flame-assisted spray pyrolysis

The cost of cathode materials contributes approximately 32.7% of the total cell construction cost of lithium-ion batteries, significantly affecting the price of battery packs. To reduce the cathode material manufacturing cost, a flame-assisted spray pyrolysis (FSP) method has been developed to utilize a sustainable solvent of glycerol to manufacture the LiNi 1/3 Mn 1/3 Co 1/3 O 2 (NMC333) cathode materials. The purpose of this study is to evaluate the minimum cathode material selling price (MCSP) of the FSP processes compared with a traditional carbonate co-precipitation pathway. Results show that the MCSP of the FSP is $\$$19.1/kg that is 17% lower than the traditional carbonate co-precipitation pathway as a result of lower fixed operating cost and variable overhead. Sensitivity analysis shows that when the new process is integrated with in-situ sintering and processing, the MCSP can be as low as $\$$15.6/kg. When all the material prices are decreased by 20%, the FSP process can synthesize NMC333 at a price of $\$$2.3/kg lower. According to the simulation result, LiNi 0·8 Mn 0·1 Co 0·1 O 2 (NMC811) has the best potential to meet the U.S. Department of Energy battery price target of $\$$125/kWh, demonstrating that the FSP process is an attractive manufacturing technology for NMC cathode powder material production.

25 ENERGY STORAGE↗

Application of a Novel Heat Pump Model for Estimating Economic Viability and Barriers of Heat Pumps in Dairy Applications in the United States

Heat pumps represent an important opportunity for energy savings and decarbonization. This work investigates the techno-economic performance of high-temperature heat pumps (HTHPs) for use in the U.S. dairy industry. The studied heat pump performs a 50 °C temperature lift on a waste heat stream of cleaning water and applies the upgraded heat stream to a fluid milk pasteurization process. This work involved the creation of a HTHP model that estimated the coefficient of performance (COP), internal rate of return (IRR), net present value (NPV), and payback period (PBP), and emissions saved for a heat pump replacing a natural gas boiler. Capital costs, operations, and maintenance (O&M) cost, heat pump lifetime, electricity prices, natural gas prices, and a cost of carbon were varied to perform a parametric study on the factors affecting the break-even price of HTHPs. The results show that HTHP economics are highly sensitive to COP and energy price environment, and less sensitive to capital and O&M cost variance, leading to a large scatter of positive and negative NPVs based on U.S. location. PBPs demonstrate a defined threshold, based on energy price environment, below which favorable two-to-three-year PBPs predominate. This work is focused on the U.S. dairy industry, but international application in relation to fossil vs. electricity price regimes. Heat pumps have seen wider adoption in regions with a high ratio of fossil energy to electricity prices ($/MMBTU vs. $/kWh). The U.S. has plentiful natural gas resulting in lower fossil energy prices which has reduced heat pump adoption. This paper identifies potential first mover industries for HTHP adoption and their associated price regimes even in regions with lower ratios of fossil energy to electricity prices that exist many places globally.

ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION,↗