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REopt Lite can be accessed via the web tool, application programming interface (API), or open source code. The open source code allows users to add custom features and capabilities.
NREL's REopt Lite TM web tool evaluates the economics of grid connected photovoltaics (PV), wind, and battery storage at a site. It allows users to identify the system sizes and battery dispatch strategy that minimize a site's life cycle cost of energy, and it estimates the amount of time a PV, wind, battery, and diesel generator system can sustain the site's critical load during a grid outage.
This document describes the design requirements for the geothermal heat pump (GHP) module being added to the existing REopt Lite web tool. This document describes the purpose, users, and functional requirements to which the modified web tool shall conform. This document will be revised, as required, throughout the development phase with consensus between the Department of Energy (DOE) Geothermal Technologies Office (GTO) and NREL. The GHP module will expand existing REopt Lite capabilities to include techno-economic optimization of GHP systems, either stand alone, or integrated with the other existing technology types, namely solar photovoltaics (PV), wind power, battery energy storage, thermal energy storage, combined hear and power (CHP), and absorption chiller. Included in this submission are links to the REopt Lite web tool and open-source Git-Hub page. The REopt Lite tool can also be accessed directly via the NREL Developer Network. A link is also provided for the REopt report that overviews the module's capabilities.
REopt Lite transforms complex energy project decisions into actionable results for building owners, utilities, and industry. Based on decades of NREL decision-support expertise, the free, publicly available REopt Lite web tool guides investment in economic, resilient energy technologies. And open source and API access to the tool enables energy analysis at scale. This presentation provides an overview of how REopt Lite can help users optimize the economic and resilience benefits of distributed energy resources.
REopt Lite evaluates the economic viability of grid-connected solar photovoltaics, wind, combined heat and power, and electric and thermal storage at commercial and small industrial sites. It allows building owners to identify the system sizes and dispatch strategies that minimize the site’s life cycle cost of energy. REopt Lite also estimates the amount of time on-site generation and storage can sustain the site's critical load during a grid outage and allows the user the choice of optimizing for energy resilience. It is primarily used to inform project development decisions and to support research on the factors that drive project feasibility for market development and policy analysis. It is available through a web interface, application programing interface, and open-source code. This user manual provides an overview of the model, including its capabilities and typical applications; inputs and outputs; economic calculations; technology descriptions; and model parameters, variables, and equations. The model is highly flexible and is continually evolving to meet the needs of each analysis. Therefore, this report is not an exhaustive description of all capabilities, but rather a summary of the core components of the model.
The energy system is undergoing a major transformation with the global emphasis on decarbonization. Distributed generation is projected to play a significant role in the new energy system, and energy models are informing how distributed generation can be integrated reliably and economically. In this work, we present an end-to-end computational framework for distributed energy resource (DER) modeling, REopt Lite™, which captures the interface of technology, economics, and policy in the energy modeling process. We describe the problem space, the building blocks of the model, the scaling capabilities of the design, the optimization formulation, and the extensibility of the model. We present a framework for accelerating the techno-economic analysis of behind-the-meter distributed energy resources to enable rapid planning and decision-making, thereby enabling greater renewable energy deployment. This computation framework is open-sourced to facilitate transparency, flexibility, and wider collaboration opportunities within the worldwide energy modeling community.