Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “Power Purchasing Agreements”

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 19 records

Designing Wind and Solar Power Purchase Agreements to Support Grid Integration

Power purchase agreements (PPAs) represent one of many institutional tools that power systems can use to improve grid services from variable renewable energy (VRE) generators. This fact sheet introduces the concept of PPAs for VRE generators and provides a brief summary of key PPA components that can facilitate VRE generators to enhance grid stability and serve as a source of power system flexibility.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Quick Guide: Power Purchase Agreements

Introduction to Federal power purchase agreements (PPAs), including available FEMP services and technical assistance as well as questions to ask when evaluating PPAs for a Federal renewable energy project.

Alternative Fuel↗

Quick Guide: Power Purchase Agreements (Fact Sheet)

Introduction to Federal power purchase agreements (PPAs), including available FEMP services and technical assistance as well as questions to ask when evaluating PPAs for a Federal renewable energy project.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Non-Power Purchase Agreement (PPA) Options for Financing Solar Deployment at Universities

Financing solar using power purchase agreements (PPAs) has facilitated solar deployment of more than 100 megawatts (MW) at universities--as compared to 50 MW facilitated by financing models not using PPAs. This brochure, which overviews existing financing models and funding mechanisms available for solar procurement, focuses on non-PPA financing models. For more information on solar deployment at universities using PPAs, refer to Using Power Purchase Agreements for Solar Deployment at Universities.

14 SOLAR ENERGY↗

Using Power Purchase Agreements for Solar Deployment at Universities

More than 60 universities have used solar power purchase agreements (PPAs) to deploy more than 100 megawatts of solar PV on campuses around the country. This webinar is intended for university financial planners and other stakeholders who are assessing the financial aspects of deploying solar. The speakers will provide an overview of how universities are using PPAs and key PPA components. In addition, they will discuss the process of using PPAs, why PPAs make sense for campus solar deployment, and the benefits and challenges for universities. Tools and other resources will be shared to help universities interested in using PPAs for campus solar deployment.

14 SOLAR ENERGY↗

The Vineyard Wind Power Purchase Agreement: Insights for Estimating Costs of U.S. Offshore Wind Projects

This report analyzes the power purchase agreements (PPAs) between Massachusetts electric distribution utilities (EDC) and Vineyard Wind LLC filed on July 31, 2018, and derives insights for estimating cost of U.S. offshore wind systems and broader cost modeling activities. The documented price for delivery of offshore wind generation and renewable energy certificates under the Vineyard Wind/electric distribution utilities PPA is 74 $/megawatt-hour (MWh) (2022$) for facility 1 (400 MW) and 65 $/MWh (2023$) for facility 2 (400 MW). However, this PPA price does not comprise the complete set of expected revenue sources and tax benefits available to the Vineyard Wind LLC project. A comprehensive accounting of expected revenue sources inclusive of those that are exogenous to the reported PPA is conducted in this study to estimate the project's levelized revenue of energy (LROE). This allows for a more equivalent comparison of the PPA pricing with bottom-up modeled (unsubsidized) levelized cost of energy (LCOE) estimates. LROE from the Vineyard LLC/EDC PPA is estimated to be 98$/MWh (2018$). This LROE estimate for the first commercial-scale offshore wind project in the United States appears to be within the range of LROE estimated for offshore wind projects recently tendered in Northern Europe with a start of commercial operation by the early 2020s. This suggests that a cost and risk premium for the initial set of U.S. offshore wind projects may be less pronounced than anticipated by many industry observers and analysts.

17 WIND ENERGY↗

Hybrid Power Purchase Agreements for Flexible 24/7 Energy Delivery – A Comprehensive Review of Current Practices and Research Pathways

Power Purchase Agreements (PPAs) are becoming increasingly preferred among large energy consumers, such as data centers, to secure cost-effective energy and meet accelerating demand growth. Traditionally, variable renewable energy (VRE)-based PPAs operate on a pay-as-produced basis, balancing supply and demand for a relatively longer duration (e.g., annually). However, the focus is shifting toward matching supply and demand on an hourly basis to fully meet energy needs. This shift requires the integration of flexible energy resources, such as hydropower, thermal generation, and energy storage, to complement VRE sources like wind and solar, forming the foundation for 24/7 PPA. This work contributes by: (i) reviewing emerging market trends and current practices in PPA procurement, supported by data on PPA prices and technology portfolios; (ii) synthesizing the existing literature on modeling approaches for contract pricing, quantities, hybrid resource procurement, and risk management in 24/7 PPA design, while identifying key research gaps; and (iii) proposing an integrated 24/7 PPA design framework along with two contracting mechanisms from the perspectives of both PPA providers and consumers. The proposed framework highlights critical modeling challenges, risk-allocation issues, and future research opportunities for 24/7 PPA design.

24/7↗

Power Purchase Agreements: Overview

Overview guidance for the Better Buildings, Better Plants, and Better Climate Challenge programs on the types of power purchase agreements available for renewable energy procurement.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

How Local Governments Can Buy Renewable Energy and Support Market Development

This webinar covers strategies local governments can consider to procure renewable energy and support renewable energy market development, including power purchase agreements (PPAs), virtual power purchase agreements (VPPAs), community solar, and more. This webinar also covers how the regulatory landscape impacts the RE purchasing options available to a particular community and highlight case studies from local governments across the U.S. that have successfully implemented these strategies, including Arlington, Virginia and Denver, Colorado. This webinar provides one AICP CM continuing education credit. Who: Chad Laurent, Esq., Principal, Cadmus Group; Jonathan Rogers, Renewable Energy Specialist, Office of Climate Action, Sustainability, Resiliency at the City and County of Denver; John Morrill, Energy Manager, Office of Sustainability & Environmental Management, Arlington County Department of Environmental Services

14 SOLAR ENERGY↗

Status and Trends in the U.S. Voluntary Green Power Market (2015 Data)

The voluntary green power market refers to the sale and procurement of renewable energy for voluntary purposes by residential and commercial customers. This report reviews seven green power procurement mechanisms: utility green pricing programs, utility green tariffs, voluntary unbundled renewable energy certificates, competitive supplier green power, community choice aggregations, voluntary power purchase agreements (PPAs), and community solar. This report details the status of trends of those seven green power procurement mechanisms in 2015. Three trends -- significant growth of the voluntary PPA project pipeline, innovative green power mechanisms developed by utilities, and geographic expansion of green power mechanisms -- suggest that the green power market is likely to continue to grow in coming years.

2015↗

Utility-Scale Solar, 2023 Edition: Analysis of Empirical Plant-level Data from U.S. Ground-mounted PV, PV+battery, and CSP Plants (exceeding 5 MWAC)

Berkeley Labs "Utility-Scale Solar", 2023 Edition presents analysis of empirical plant-level data from the U.S. fleet of ground-mounted photovoltaic (PV), PV+battery, and concentrating solar-thermal power (CSP) plants with capacities exceeding 5 MWAC. While focused on key developments in 2022, this report explores trends in deployment, technology, capital and operating costs, capacity factors, the levelized cost of solar energy (LCOE), power purchase agreement (PPA) prices, wholesale market value, and interconnection queue data.

analysis↗

Utility-Scale Solar, 2024 Edition: Analysis of Empirical Plant-level Data from U.S. Ground-mounted PV, PV+battery, and CSP Plants (exceeding 5 MWAC)

Berkeley Labs "Utility-Scale Solar", 2024 Edition presents analysis of empirical plant-level data from the U.S. fleet of ground-mounted photovoltaic (PV), PV+battery, and concentrating solar-thermal power (CSP) plants with capacities exceeding 5 MWAC. While focused on key developments in 2023, this report explores trends in deployment, technology, capital and operating costs, capacity factors, the levelized cost of solar energy (LCOE), power purchase agreement (PPA) prices, wholesale market value, net value, and interconnection queue data.

analysis↗

Financing Solar PV at Government Sites with PPAs and Public Debt (Brochure)

Historically, state and local governmental agencies have employed one of two models to deploy solar photovoltaic (PV) projects: (1) self-ownership (financed through a variety of means) or (2) third-party ownership through a power purchase agreement (PPA). Morris County, New Jersey, administrators recently pioneered a way to combine many of the benefits of self-ownership and third-party PPAsthrough a bond-PPA hybrid, frequently referred to as the Morris Model. At the request of the Department of Energy?s Solar Market Transformation group, NREL examined the hybrid model. This fact sheet describes how the hybrid model works, assesses the model?s relative advantages and challenges as compared to self-ownership and the third-party PPA model, provides a quick guide to projectimplementation, and assesses the replicability of the model in other jurisdictions across the United States.

14 SOLAR ENERGY↗

Near-Term Electricity Requirement and Emission Implications for Sustainable Aviation Fuel Production with CO 2 -to-Fuels Technologies

Aviation contributed approximately 10% of the U.S. transportation sector's greenhouse gas (GHG) emissions and about 3% of the nation's total GHG production before the coronavirus disease (COVID-19) pandemic (EPA 2022). Unlike the ground transportation sector, which can be decarbonized by using batteries and hydrogen fuel cell powertrain technologies, the technical and economic challenges of aviation electrification open the opportunity for CO 2 utilization (CO2U) using clean power sources. The U.S. government set a goal to produce 3 billion gallons per year of sustainable aviation fuels (SAF) by 2030 and scale up the production to 35 billion gallons per year by 2050 (Bioenergy Technologies Office 2022). In this report, we examine three potential locations, in California, Iowa, and Louisiana, for SAF production using two production pathways that are expected to be available by 2030. We analyze the electricity cost to satisfy 10% of the SAF production potential for the select locations. Specifically, we consider (1) retail electricity cost from the default local utility in each location; (2) physical power purchase agreement (PPA) for renewable power and battery storage hybrid systems with preset prices; (3) financial PPA from a dedicated renewable plant; and (4) estimated real-time pricing (RTP) from the wholesale power market with utility delivery adders. Retail rates are available for the three potential locations; however, the developer should negotiate with the local utility in Iowa for new tariff riders, because the load of the proposed SAF plant (1.4 GW) is significantly higher than the current industrial tariff structure requirement (200 kW). The developers are not able to claim federal credits (i.e., the Inflation Reduction Act of 2022) when sourcing electricity from local utilities. Developers could consider prioritizing physical and financial PPAs as purchase options. While physical PPAs can be imported out of state, this structure imposes availability issues as developers must locate in the same electricity grid regions. Financial PPAs do not have the same location restrictions and provide the same cost savings as physical PPAs, but financial PPAs impose financial risks in the event of system curtailment and grid interruption. RTPs are available for customers in California with flexible load and hourly load management capability; however, utilities in our studied regions in Louisiana and Iowa only offer time-of-use and curtailment programs to incentivize lower energy usage in peak hours. These utilities do not currently offer RTP programs, and the developer may need to have further negotiations with the local utilities to access RTP programs. The results show that purchased electricity prices may range from 2.6 cents/kWh to 7.1 cents/kWh for the three studied plants.

02 PETROLEUM↗

Revenue Opportunities through Ancillary Services for Nuclear Power Plants with Integrated Firebrick Resistance- Heated Energy Storage (FIRES)

Deregulation of electricity markets has brought about major changes in the ways investments in and operation of power plants are planned and optimized. Although many NPPs have seen reduced revenue in recent years as power purchase agreement end and wholesale market electricity prices have remained low, there are opportunities to expand the technical capabilities of NPPs, participate in additional market services and increase revenue. This transaction summarizes the opportunities provided by participation in ancillary services markets potentially made possible by integration of thermal energy storage capacity, specifically the Firebrick Resistance-heated Energy Storage System (FIRES), into future nuclear power plants with high-temperature reactors and Nuclear Air-Brayton combined cycle (NACC) power conversion. The restructuring, or deregulation, of electric power systems in most of Europe and North America has had a substantial impact on the economic performance of currently operating nuclear power plants (NPPs) and the prospects for new builds. Owners of NPPs in some markets have expressed concern that low wholesale electricity market prices and insufficient compensation for capacity, reliability, and other services are threatening the financial viability of their plants. However, both current and future NPPs have the potential to increase their competitiveness by increasing the flexibility of their electricity output. Flexible output has previously only been possible in water-cooled reactors through load-following operation, which requires core power maneuvers and operation of the steam turbine at reduced efficiency. Integration of thermal energy storage systems (TESS) provides an alternative, providing the plant the option to either output electricity or store heat for greater later electric output. The plant owner may thus increase sales of electricity during hours when it is most valuable. Even more, some TESS technologies have the potential to greatly increase the net ramp rate capability of the plant. The ability to rapidly change net power output to the grid may make it possible for NPPs to secure additional revenue by providing additional minute-by-minute balancing services to the grid. FIRES is only one technology out of many that might provide additional technical capabilities at NPPs, and this discussion has only highlighted the opportunities in a single market. Analysis of other options, include steam accumulator systems, nitrate salt TESS, phase change material TESS, and opportunities in other markets are subjects of ongoing work. Deregulation of electricity markets has brought about major changes in the ways investments in and operation of power plants are planned and optimized. Although many NPPs have seen reduced revenue in recent years as power purchase agreements end and wholesale market electricity prices have remained low, there are opportunities to expand the technical capabilities of NPPs, participate in additional market services, and increase revenue. (authors)

22 GENERAL STUDIES OF NUCLEAR REACTORS↗