Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “energy prices”

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 163 records · Page 9

A Tool to Incorporate Non-Energy Impacts in Energy Efficiency Investment Decision Making for Firms

Energy efficiency is a key demand-side strategy for sustainability, recently identified by the United States Department of Energy as a pillar of industrial decarbonization. The increased focus on decarbonization and the requirement for efficiency to enable electrification, another decarbonization pillar, due to the spark spread between natural gas and electricity prices, make energy efficiency increasingly relevant. Still, industries face challenges in adopting energy efficiency measures. Researchers have long found a gap in adoption of even those measures with a profitable net present value, attributed to lack of strategic value among other barriers (see for rigorous exploration and taxonomy). One solution to facilitate energy efficiency projects is the inclusion of non-energy impacts, as this has been shown to double potential deployment of such projects at system level. Energy efficiency can provide valuable benefits outside of simple operating cost reductions, from decreased pollution to enhanced productivity. The inclusion of these benefits in decision making assessments faces hurdles due to inconsistency of ancillary benefits across projects, difficulties in quantifying impacts and the need for additional measurement to quantify them. The decision-making tools to support this have been designed primarily for the European context. We begin with a stakeholder engagement process to better characterize the U.S. decision making process surrounding adoption of energy efficiency investments. Characterization of non-energy impacts has developed substantially over recent decades. Cagno et al. provided a framework for studying the applicability of these impacts to energy efficiency projects, listing 120 key performance indicators focused mainly on reductions of costs/harms. Other researchers have included impacts on the strategic and revenue side that can be merged into this framework as well. We seek a tractable set of impacts that can be included in a decision-making tool in the US, and as such are well suited to US industry, management and decision making processes. We also seek to understand how to best quantify or characterize these impacts. This work will demonstrate the results of a survey conducted among US manufacturing industry decision makers to assess the decision making landscape of stakeholders as well as the most relevant performance indicators for energy efficiency projects.

ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION,↗

California Time-of-Use (TOU) Transition: Effects on Distributed Wind and Solar Economic Potential

Time-of-use (TOU) retail energy rates price electricity differently by the time of day, communicating to consumers the costs of supplying electricity diurnally. This study evaluates the impact of Decision D.15.07-001, which mandates a transition in 2020 to default TOU rates for residential ratepayers in California, on the economic viability of behind-the-meter distributed wind and solar systems. Previous studies have demonstrated that increasing wind and solar generation will materially affect the diurnal cost of wholesale electricity. As retail and wholesale prices become more aligned, this could affect the inter-technology economic viability of distributed generation. We assess economic viability through 'economic potential,' or the amount of generation capacity that exceeds a rate of return of 5.4%. In addition, we identify sensitivities of economic potential to capital costs and other techno-economic factors as well as the specific counties and sectors with substantial economic potential. We find that TOU implementation is projected to moderately increase economic potential of distributed wind and marginally decrease that of distributed solar. Over the long-term as variable renewable energy penetration increases in California, particularly utility-scale solar, net peak load and thus peak prices will shift later in the evening. To the extent that retail rates continue to evolve with wholesale prices, we find the changes could positively affect the value of wind generation more than that of solar generation. Over the scenarios considered, model results indicate realistic pathways to reaching a robust distributed wind market in California though solar economic potential was found to be substantially larger than that of wind.

17 WIND ENERGY↗

Capacity Markets for Transactive Energy Systems

Capacity markets provide important incentives for resource adequacy in electricity markets and may become more important for providing sufficient revenue and generation capacity with changes to energy market prices driven by increasing levels of zero marginal cost resources. However, current capacity market designs also have important shortfalls that may limit the benefits they can provide to the future grid. Current capacity markets are primarily designed for participation from conventional thermal generators, but markets are evolving with increasing levels of variable renewable energy resources. However, further reforms may be necessary to enable more participation from DERs and demand-side resources. To understand the benefits and shortfalls of current capacity market design, we review the historical reasons electricity markets have needed capacity markets or capacity payments for resource adequacy, and how current capacity market designs may create challenges for incorporating increasing levels of DERs and demand-side resources. We then consider how transactive systems, which allow the coordination of bids and offers for DERs and demand-side resources through a market interaction approach, administered by a Distribution System Operator (DSO), can address traditional resource adequacy problems due to inelastic consumer demand. We also consider the need for a DSO-level capacity market in helping to meet resource adequacy, reliability, and other electricity market objectives. We find that because the missing money in electricity markets is largely driven by incentives to meet resource adequacy goals, and the bulk grid would always supply power to the DSO, that resource adequacy is unlikely to be a determining factor in the need for a DSO-level capacity market. Many current reliability problems could also be addressed by the incorporation of more flexible demand enabled with transactive energy systems. However, other DSO objectives, including resilience, reactive power, voltage control, environmental policies, and energy equity could lead to specific challenges that could be aided by a DSO-level capacity market. We consider the possibility of a DSO-level capacity market in addressing these challenges as well as its potential role in coordinating with the Independent System Operator (ISO) who operates the wholesale market. We conclude with suggestions for future research, including the need to develop analytical models of DSO-level capacity market designs to address these potential objectives and examine their implications for DSOs and consumers.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Deployment Readiness Framework for Marine Energy

As electricity prices continue to rise and extreme weather events related to climate change become more frequent, many island and remote coastal communities are prioritizing their energy future. Isolated locations and coastal environments pose challenges for energy costs and grid resilience, but the ocean can be a key solution. Marine energy could provide these communities with clean, affordable, and reliable power. The U.S. Department of Energy's (DOE) National Renewable Energy Laboratory and Pacific Northwest National Laboratory are developing the Deployment Readiness Framework (DRF) to support remote, coastal, and island community-driven energy transitions. This framework can be used to better understand the readiness of communities for marine energy technology demonstration projects and their operation. The DRF builds on the Energy Transitions Initiative Partnership Project (ETIPP) supported in part by DOE's Water Power Technologies Office.

community readiness↗

Energy system analysis of cutting off Russian gas supply to the European Union

The reduction of European Union's pipeline gas imports from Russia as a consequence of the Russian war against Ukraine has had severe economy-wide implications for the EU. Using a multisector integrated assessment model (GCAM), we find that a potential complete cut-off of Russian pipeline gas exports to the EU unevenly impacts the energy mix, prices, and trade flows of different subregions within the EU, depending on their access to alternative gas pipelines and LNG infrastructure. Moreover, there are also large changes in the volume and geographical distribution of global gas infrastructure capacity additions and stranded assets. Our results show that by significantly reducing demand for natural gas, the EU Fit-for-55 policy framework already improves resilience against a complete and persistent cut-off of Russian pipeline gas. However, further improvements in energy efficiency and renewable targets could further soften impacts, while bringing climate objectives closer in sight.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Renewable Thermal Energy Systems: Systemic Challenges and Transformational Policies (Report 2)

Two important challenges for RTES are the need for significant further innovation and deployment, particularly in the United States. In the face of continued success of other renewable energy technologies, such as solar photovoltaics (PV) and land-based wind energy for electricity, it is worthwhile to evaluate the current state of select RTES technologies in the context of technology innovation systems and energy transitions. This report marks a departure from the existing body of research we are aware of and have contributed to relating to RTES applications for industrial process heat in the United States. Our objectives for this report are fourfold: 1) Begin considering the challenges of RTES deployment in the United States through application of socio-technical and transitions frameworks; 2) Begin applying the theory of RTES as configurational technology innovation systems in the United States and for industrial process heat specifically; 3) Review RTES innovation, policies, and market formation activities in the contexts of Objectives 1 and 2; 4) Identify future paths for RTES research. Ultimately, the challenges associated with scaling the deployment of RTES in the United States are related to the need to develop a well-functioning innovation system that can overcome resistance from a highly stable socio-technical regime within a shrinking window of time to address the climate crisis, U.S. industrial competitiveness, and volatile energy commodity price shocks. Current efforts toward scaling for RTES applications in industry and buildings emphasize the need for further cost reductions, but not for interventions that support actors and their interactions and that increase the legitimacy of the technologies. As a result, there are significant opportunities to analyze the social contexts of RTES that can then be used to inform the design of effective, transformational policy portfolios.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Cooperation in Transmission Expansion Planning: Enhancing Grid Reliability and Efficiency Under a Changing Climate

Electricity grids are challenged to maintain reliability during more intense and frequent extreme weather events due to climate change. This challenge is exacerbated by multi-sector electrification and power sector decarbonization through increased reliance on variable renewable energy, which necessitates the expansion of transmission infrastructure. However, transmission expansion planning is often complicated by intertwined planning authorities and jurisdictions, and allocation of large capital investment needs. These factors cause authorities to manage transmission investments individually (i.e., only/mostly intraregional planning), which can lead to suboptimal transmission networks. This study investigates the potential benefits of cooperative transmission expansion planning (i.e., both intraregional and interregional planning that optimizes transmission investments across the entire physical system). Using sectoral and economic optimization, and machine learning models, it analyzes the impact of different levels of cooperation among transmission planning regions within U.S. Western Interconnection in 2019 and 2059 via an iterative investment process. Furthermore, it examines the effects of future climate change on transmission cooperation by simulating historical heat waves from 2019 under conditions of 2059. The results indicate that cooperative transmission planning leads to lower wholesale electricity prices, decreased energy outages, and reduced greenhouse gas emissions. However, the advantages of collaboration diminish during widespread heat waves, despite remaining beneficial especially for regions like California Independent System Operator with substantial solar installations. The study underscores the importance of transmission cooperation in reducing costs and enhancing reliability, emphasizing the need for strategic investments in storage to address challenges posed by future extreme weather events with varying spatial scales.

Capacity Expansion Model↗

Chapter 10 - Economic Considerations for Hydrogen Production with a Focus on Polymer Electrolyte Membrane Electrolysis

This Chapter provides an overview of key economic considerations for hydrogen produced from water electrolysis, with the analyses presented here ranging from high-level summaries to detailed considerations of key market and technological drivers. As the electric power sector evolves to account for increasing shares of renewable energy, opportunities are emerging for technologies capable of storing renewable energy in various forms, including as hydrogen. Opportunities for reducing the cost of hydrogen produced from electrolysis include ensuring access to low-cost wholesale electricity, reducing the capital cost of electrolyzers, and development of systems capable of being dispatchable loads without experiencing significant efficiency penalties throughout lifetime. Our analysis indicates that numerous pathways exist for making hydrogen from electrolysis cost-competitive with hydrogen produced from conventional technologies, and significant opportunities exist for research and development to address performance targets for the future electrolysis systems envisioned here.

cost reduction↗

Electric transmission value and its drivers in United States power markets

Electric transmission infrastructure plays a vital role during extreme weather and supply disruptions and can enable low-cost electricity systems. This paper contributes to a more complete understanding of the value and cost-effectiveness of transmission, as well as barriers to its development. By studying wholesale energy market prices in the United States between 2012 and 2022, we find that additional transfer capacity between regions would have been especially valuable, with a median value of $116 million per GW per year. This capacity would often have provided balanced benefits to each region. The market value of transmission was highly influenced by a small fraction of time: 5% of hours typically captured at least 45% of the total value. These peak periods were primarily driven by unforeseen changes in conditions within one day of operations. Annualized transmission infrastructure cost estimates were lower than the average market value for most locations, including all links crossing regional seams, where the value-to-cost ratio was often greater than 4. This suggests that there are barriers to developing valuable grid infrastructure. These results complement forward-looking modeling studies and support efforts to improve modeling practices.

Energy economics↗

Combined Cycle Integrated Thermal Energy Storage “CiTES” (Final Scientific/Technical Report)

The Phase I of this project confirmed the technical feasibility of a Combined Cycle integrated Thermal Energy Storage “CiTES” system, calculated the key performance parameters like power efficiency and costs, and proved its commercial value with full-year simulations for several US electricity markets with high degree of variable renewable generation and volatile hourly electricity prices. The core element of this project is the Electro Thermal Energy Storage (ETES) technology from Siemens Gamesa Renewable Energy GmbH, using thermally stable and inexpensive volcanic rocks as storage material and air as heat transfer medium. This technology is backed by more than 10 years of experience and a 440MMBTU (130MWh-th) pilot plant in Hamburg, Germany, which is in operation since 2019. The integration of this thermal storage in an existing combined cycle power plant (CCPP) is typical power plant technology without any major technology risks. It allows the storage of inexpensive renewable energy during times of surplus renewable generation and the discharge of this energy in times of high energy demand when the fossil plant is in operation. This supplements the fossil power generation with CO2-emission-free energy. The secondary effect of the CiTES system is that a small part of the stored thermal energy is used to keep the heat recovery steam generator (HRSG) and steam turbine (ST) of the combined cycle power plant in hot and ready-to-start condition. This enables the plant to start rapidly when fossil generation is required to satisfy demand as soon variable generation drops off in the evenings or during cloud cover and calm wind periods. Without pre-warming of the HRSG and ST, the CCPP would need several hours for a cold or warm start, burn a lot of gas and release high NOx emissions during start and wouldn’t be able to use the short times of high energy prices in an efficient or economical manner. The economic parameters of CiTES were determined by a full year “8760” simulation using a data set calculation for each of the hours of the year, and historical electricity and gas prices. For consistency, the simulations were focused on the pre-COVID year 2019. The financially most attractive markets were in the Energy Reliability Council of Texas (ERCOT) region, which allowed substantial value generation with arbitrage (charge with cheap energy during renewable surplus times and discharge when energy is needed and expensive). The improvement of flexibility with the CiTES system by pre-heating and warm-keeping of the CCPP allowed for additional power generation during short time periods when demand is high but renewable generation is down; when the hourly energy prices are highest in these markets. The simulations are based on 2019 data, when ERCOT had 27GW of installed photovoltaic (PV) and wind generation. They showed that the created revenue with the prototypically sized CiTES system of 1,000MMBTU (300MWh-th) falls a little bit short of what is expected from a commercially viable investment. The system has optimization opportunities for cost reduction and increased effectiveness which will be realized during a potential Phase II Pre-FEED study following this project. Furthermore, it is safe to assume that a lot of renewable generation capacity will be added all over the US in the coming years. As an example, ERCOT is predicting to more than double its renewable generation from 27GW in 2019 to a forecasted 63GW in 2023. This will increase the amount of renewable overproduction exponentially. This rapid increase of local overproduction and the need to curtail renewable generation is well documented by the California ISO (www.CAISO.com / managing oversupply). However, the simulations also revealed a weakness in the structure of the electricity markets in the US. More specifically, when electricity prices are very low and approaching negative levels, the owners of Variable Renewable Energy (VRE) will curtail a part of their facility to stabilize the price by reducing supply. This results in a situation in which storage facilities, which are integrated in existing fossil assets and don’t have the behind-the-meter benefit of a VRE, won’t be able to purchase low cost – otherwise curtailed – renewable energy off the grid. A special tariff, which motivates VRE owners to sell otherwise curtailed renewable energy to storage facilities (Hydrogen, thermal, pumped hydro, etc.) can solve this issue. The implementation of such a regulating tariff by Independent System Operators, thus avoiding renewable curtailment, is a pre condition for successful commercialization for renewable energy storage technologies. With this advancement of design and technology and improvements in the market environment, it can be expected that the Combined Cycle integrated Thermal Energy Storage proves itself as an important innovation to keep highly efficient, natural gas-based power generation economically successful and relevant for the power industry in the United States of America.

Wolf, Thorsten↗

Decarbonizing all-electric communities via carbon-responsive control of behind-the-meter resources

The progression of electrification in the building and transportation sectors brings new opportunities for energy decarbonization. With higher dependence on the grid power supply, the variation of the grid carbon emission intensity can be utilized to reduce the carbon emissions from the two sectors. Existing coordinated control methods for buildings with distributed energy resources (DERs) either consider electricity price or renewable energy generation as the input signal, or adopt optimization in the decision-making, which is difficult to implement in the real-world environment. This paper aims to propose and validate an easy-to-deploy rule-based carbon responsive control framework that facilitates coordination between all-electric buildings and electric vehicles (EVs). The signals of the grid carbon emission intensity and the local photovoltaics (PV) generation are used for shifting the controllable loads. Extensive simulations were conducted using a model of an all-electric mixed-use community in a cold climate to validate the control performance with metrics such as emissions, energy consumption, peak demand, and EV end-of-day state-of-charge (SOC). Our study identifies that 4.5% to 27.1% of annual emission reduction can be achieved with limited impact on energy costs, peak demand, and thermal comfort. Additionally, up to 32.7% of EV emission reduction can be obtained if the EV owners reduce the target SOC by less than 21.2%.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Challenges and Opportunities for the Development of Commercial Maritime Surface Vessel Nuclear Propulsion (CMNP)

Maritime transport and trade are currently responsible for producing nearly 1 billion metric tons of CO2 emissions annually, representing 2.5% of global greenhouse gas emissions. While maritime shipping is acknowledged as the most efficient carrier of goods in terms of its costs and carbon intensity, the sector relies overwhelmingly on the use of heavy fuel oil (HFO). This fuel source currently is unmatched in terms of its global availability, safety, security of supply, price, and energy density. Combined, these characteristics are responsible for the outsized contribution of the sector to the global economy: roughly 90% of all transported goods spend time at sea. Commercial maritime nuclear propulsion provides opportunities to transition maritime trade to clean energy but also comes with challenges. Both are covered in this report based on 60+ interviews with professionals from the maritime and nuclear energy sectors.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Land-Based Wind Market Report: 2024 Edition

Wind power additions in the United States totaled 6.5 gigawatts (GW) of capacity in 2023. 1 Wind power growth has historically been supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as numerous state-level policies. Long-term improvements in the cost and performance of wind power technologies have also been key drivers for wind additions, yielding low-priced wind energy for utility, corporate, and other power purchasers. Nonetheless, 2023 was a slow year in terms of new wind deployment, the lowest since 2014. Elevated interest rates played a role in slowing deployment, as did interconnection and siting challenges.

17 WIND ENERGY↗

Field Performance of South-Facing and East-West Facing Bifacial Modules in the Arctic

This paper presents the first systematic comparison between south-facing monofacial and bifacial photovoltaic (PV) modules, as well as between south-facing bifacial and vertical east-west facing bifacial PV modules in Alaska. The state’s solar industry, driven by the high price of energy and dropping equipment costs, is quickly growing. The challenges posed by extreme sun angles in Alaska’s northern regions also present opportunities for unique system designs. Annual bifacial gains of 21% were observed between side by side south-facing monofacial and bifacial modules. Vertical east-west bifacial modules had virtually the same annual production as south-facing latitude tilt bifacial modules, but with different energy production profiles.

14 SOLAR ENERGY↗

Updating PV and Battery Bill Savings Calculations for Net Billing: New Best Practices for Input Data and Uncertainty

Jurisdictions are increasingly adopting compensation structures for distributed PV and PV-battery systems that price exported energy lower than energy consumed onsite (net billing rates). Standard methods for calculating the bill savings from PV and PV-battery systems were developed for net metering structures, and applying these same methods to net billing structures (such as using Typical Meteorological Year weather with actual year load) introduces bias errors that underestimate PV-battery system bill savings by between 1.5\% and 9\%, depending on the utility rate. We assess the magnitude of these errors and compare them to other sources of uncertainty when estimating the bill savings from PV and PV-battery systems under more complex utility rates.

14 SOLAR ENERGY↗

Space-based solar power conversion and delivery systems study

Even at reduced rates of growth, the demand for electric power is expected to more than triple between now and 1995, and to triple again over the period 1995-2020. Without the development of new power sources and advanced transmission technologies, it may not be possible to supply electric energy at prices that are conductive to generalized economic welfare. Solar power is renewable and its conversion and transmission from space may be advantageous. The goal of this study is to assess the economic merit of space-based photovoltaic systems for power generation and a power relay satellite for power transmission. In this study, satellite solar power generation and transmission systems, as represented by current configurations of the Satellite Solar Station (SSPS) and the Power Relay Satellite (PRS), are compared with current and future terrestrial power generation and transmission systems to determine their technical and economic suitability for meeting power demands in the period of 1990 and beyond while meeting ever-increasing environmental and social constraints.

Source record↗

Photovoltaic village power application: Assessment of the near-term market

The village power application represents a potential market for photovoltaics. The price of energy for photovoltaic systems was compared to that of utility line extensions and diesel generators. The potential domestic demand was defined in both the government and commercial sectors. The foreign demand and sources of funding for village power systems in the developing countries were also discussed briefly. It was concluded that a near term domestic market of at least 12 MW min and a foreign market of about 10 GW exists.

Rosenblum, L.↗