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Framework for Quantitative Evaluation of Resilience Solutions: An Approach to Determine the Value of Resilience for a Particular Site

This paper describes an approach to obtaining a dollar value for the improvement in the resilience of projects for a particular site. The paper provides an approach to valuing resilience to provide justification for hardening cyber facilities that can be used by expert users/economists in undertaking investment-grade valuations to validate the appropriateness of funding for resilience mitigation projects.

resilience, valuation, cyber security↗

Hydropower Cybersecurity Value-at-Risk Framework

Hydropower remains one of the strongest forms of renewable energy generation methods. It is crucial to address the increasing risks associated with the rapid digitization. The push towards decarbonization also factors in the need to ensure security and resilience for grid-connected renewable energy resources. This report summarizes the U.S. Department of Energy's Water Power Technologies Office's effort to develop a cybersecurity valuation methodology that assists hydropower stakeholders in assessing risks associated with plan operations and gathers valuation guidance through a web-based application. The Hydropower Cybersecurity Value-at-Risk Framework delivers a platform for industry members to perform self-assessments and make informed decisions on their cybersecurity investments.

13 HYDRO ENERGY↗

Understanding Resilience Valuation for Energy Systems: An Overview of the NREL-NYSERDA Research Collaboration

Energy resilience has become a national priority as Americans experience more power outages attributed to climate change, extreme weather, and cyber events. Energy system owners and operators recognize that they must prepare differently for outages today than they did in the past. Decision makers at all levels face unique challenges and opportunities in effectively and equitably executing a transition to more resilient power systems. The New York State Energy Research and Development Authority (NYSERDA) recently added resilience to its mission statement. The authority engaged with the National Renewable Energy Laboratory (NREL) in a collaborative effort to: 1) understand options for measuring and valuing resilience investment benefits, and 2) inform how resilience could be operationalized across NYSERDA initiatives and program areas.

ENERGY PLANNING, POLICY, AND ECONOMY↗

DER Cybersecurity R&D

The National Renewable Energy Laboratory (NREL) conducted more than 30 assessments for utilities across the United States with a cybersecurity assessment tool based on the U.S. Department of Energy (DOE) Cybersecurity Capability Maturity Model (C2M2) and the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) and focused on business process. With funding from the DOE Office of Renewable Energy and Energy Efficiency Federal Energy Management Program, NREL modified the current cyber governance assessment tool to include an assessment process specifically for distributed energy resources (DERs). The Distributed Energy Resources Cybersecurity Framework (DER-CF) was developed to help federal agencies mitigate gaps in their cybersecurity posture for distributed energy systems.

cybersecurity valuation↗