Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “ECONOMICS”

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 1,603 records · Page 89

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↗

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↗

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↗

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↗

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↗

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↗

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↗

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↗

Techno Economic Analysis Development for Enhanced Weathering and Marine Carbon Dioxide Removal

Enhanced weathering and marine carbon dioxide removal (CDR) are emerging technologies that can aid in the direct removal of CO2 from the atmosphere. This poster presents on NETL’s active (ongoing) work on the techno-economic analysis (TEA) of enhanced weathering and marine CDR. Financial assumptions will be common with already released Direct Air Capture Case Studies

Leptinsky, Sarah↗

Process-based cost estimation framework for assessing economic viability of environmentally and socially sustainable rare earth element feedstocks

Rare Earth Elements (REEs) are critical raw material inputs that are required to enable the energy transition. Constraints on the U.S. supply of conventional REE feedstocks and the desire to diversify U.S. reliance on foreign supply chains have motivated the pursuit of REE recovery from unconventional feedstocks including waste products. Recovery of REEs from unconventional sources is also motivated by environmental and social considerations, including the potential to offset new mining activity and subsidize the remediation of REE-containing wastes from coal, natural gas, and other mineral extraction activities. Sourcing REEs from unconventional feedstocks would reduce supply chain constraints and minimize the environmental impacts of REE extraction, but current processes to exploit these feedstocks have uncertain technical and economic performance and the processes have not been demonstrated at scale. This work aims to reduce uncertainty in evaluating the performance of new REE production pathways. A database of operating and capital expenses for REE recovery and establish consistent process unit costs for common stages in the conventional supply chain are developed. Market prices are used to develop well-defined methods for determining product values for a diverse set of products that can be generated (e.g. oxalates, alloys, end-use products such as magnets) but are not typically considered in technoeconomic analyses. Finally, to provide insight on the effects of economies of scale and feedstock purity on capital and operating costs, process unit level cost functions relating total costs per kilogram of REE produced are reported. These tools can be applied to assess and facilitate scale-up of REE production from diverse sources of REEs.

Fritz, Alison↗

Economic Module Development for the Fuel Cycle Simulation Tool CLASS

An economical module to calculate the financial aspect of nuclear industry was developed based on CLASS, a library used for performing dynamic fuel cycle simulations. The tool will be introduced and a simple case of a PWR reactor will be presented to validate the module looking forward to evaluate a symbiotic scenario in the full paper involving UOX reactors, MOX reactors for recycling the plutonium and PHWR reactors for recycling the uranium.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

Materials for the Photoluminescence-Based Detection of Economically Critical Metals

Critical metals, such as rare earth elements (REEs), cobalt, lithium, aluminum, nickel, and others, are essential to advanced technologies and renewable energy in particular. Widespread global adoption of renewable energy technologies has spurred dramatic demand increases for these metals; however, the global supply of these metals is highly monopolistic and conventional mining poses economic and environmental challenges. As a result, there is increasing interest in domestic production from alternative resources such as coal and its utilization byproducts. Slow and expensive characterization costs remain a significant barrier for domestic production. Here, luminescent sensing materials and platforms are presented that provide an alternative to the current state-of-the-art characterization methods; highly sensitive and selective sensing materials for cobalt, aluminum, and rare earth elements are presented, as well as compact, inexpensive platforms capable of analyzing signal from these materials for rapid characterization of critical metal content.

Crawford, Scott↗

Materials for the Photoluminescence-Based Detection of Economically Critical Metals

Critical metals, such as rare earth elements (REEs), cobalt, lithium, aluminum, nickel, and others, are essential to advanced technologies and renewable energy in particular. Widespread global adoption of renewable energy technologies has spurred dramatic demand increases for these metals; however, the global supply of these metals is highly monopolistic and conventional mining poses economic and environmental challenges. As a result, there is increasing interest in domestic production from alternative resources such as coal and its utilization byproducts. Slow and expensive characterization costs remain a significant barrier for domestic production. Here, luminescent sensing materials and platforms are presented that provide an alternative to the current state-of-the-art characterization methods; highly sensitive and selective sensing materials for cobalt, aluminum, and rare earth elements are presented, as well as compact, inexpensive platforms capable of analyzing signal from these materials for rapid characterization of critical metal content.

Crawford, Scott↗