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At least 19 records

Innovative Pathways: Transforming Impact Investments to Working Capital For Early Stage Cleantech Companies: Los Angeles Cleantech Incubator (January 1, 2020 to March 31, 2020)

Project Objectives: The focus for the entirety of the last quarter was on the completion of the pilot loan funding within our portfolio, and the closing out of our DOE-CAP Grant: “Innovative Pathways: Transforming Impact Investments to Working Capital for Early Stage Cleantech Companies.” The fourteenth quarter (Q14) of the program performance was also dedicated toward two main activities: the continued fundraising efforts for a formalized LACI debt fund, as well as finalization of the lending processes for pilot underwriting amongst the LACI Team and with Mission Driven Finance. This quarter marked key successes around the workflows of the DOE-CAP grant, specifically around fund capitalization efforts. Activities during the thirteenth quarter included: 1. Finalization of the DOE-CAP grant activities and work-flows; 2. Due diligence, underwriting and issuance of one (1) loan in Q1 2021 and three (3) in Q4 2020 for technology providers in grant-funded zero emissions mobility & community pilots, in partnership with LACI and local organizations, totaling ten (10) total loans; 3. Development of fundraising and marketing materials, and distribution to 30+ possible funding sources over the course of Q13 & Q14; and 4. Reinvigoration of conversations with Mission Driven Finance, the prospective underwriting partner for key activities and governance documents, and finalization of all loan processing activities once the fund is capitalized

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Evaluating Economic Impact: An Investment Tool for Large Language Model Integration in Workweek Management

This paper explores the development and application of an investment tool designed to quantify the costs and potential savings associated with integrating large language models (LLMs) into work week management optimization (WMO) within the nuclear industry. LLMs, with their advanced natural language processing capabilities, can significantly enhance various aspects of work management, such as problem identification, prioritization, planning, scheduling, information retrieval, and information summary. Our investment tool focuses on evaluating the return on investment (ROI) for LLM applications in WMO by considering four pivotal decision factors: model selection, application, user training, and hosting options. This paper details the development and implementation of the ROI model and illustrates its application through multiple case studies, analyzing the impact of different variables, such as work time saved, number of requests, and model performance, on the computed ROI over two years. The computed ROI is also compared over different hosting solutions. Our findings indicate that ROI increases with enhanced work time savings and optimal request load but can decline with high request volumes or increased model costs. This model aids decision-makers in the nuclear industry by providing a structured approach to assessing the economic viability and potential savings from integrating LLMs into WMO processes.

97 - MATHEMATICS AND COMPUTING↗

Evaluating Economic Impact: An Investment Tool for Large Language Model Integration in Workweek Management

This paper explores the development and application of an investment tool designed to quantify the costs and potential savings associated with integrating large language models (LLMs) into work week management optimization (WMO) within the nuclear industry. LLMs, with their advanced natural language processing capabilities, can significantly enhance various aspects of work management, such as problem identification, prioritization, planning, scheduling, information retrieval, and information summary. Our investment tool focuses on evaluating the return on investment (ROI) for LLM applications in WMO by considering four pivotal decision factors: model selection, application, user training, and hosting options. This paper details the development and implementation of the ROI model and illustrates its application through multiple case studies, analyzing the impact of different variables, such as work time saved, number of requests, and model performance, on the computed ROI over two years. The computed ROI is also compared over different hosting solutions. Our findings indicate that ROI increases with enhanced work time savings and optimal request load but can decline with high request volumes or increased model costs. This model aids decision-makers in the nuclear industry by providing a structured approach to assessing the economic viability and potential savings from integrating LLMs into WMO processes.

99 - GENERAL AND MISCELLANEOUS↗

Prime Impact Fund (Final Technical Report)

PRIME Coalition Inc. constructed a first-of-its-kind impact investment fund comprised exclusively of charitable capital from grant and program-related investment-makers (private foundations, community foundations, corporate foundations, donor-advised funds, an d other corporate, family office, and individual donors). Prime Impact Fund was purpose-built to address the "innovation valley of death" in the energy sector, stepping into the capital gap with a new investment model.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

PLATFORM for Product Launch

Pecan Street Inc. (PSI) and its partners set out in 2017 to validate the PLATFORM for Product Launch, a new model for improving the effectiveness of investments in clean energy technologies and accelerating market entry of disruptive technologies. In partnership with a newly formed Innovation Advisory Council, PSI recruited fourteen companies with new hardware-based technologies that enable or create clean energy opportunities. Pecan Street carried out product evaluations and conducted market research with stakeholders and target customers to develop recommendations on product optimization opportunities for all companies, and created third party performance evaluation reports that include environmental metrics, such as water and energy savings potential, to assist in creating investment confidence and to unlock additional sources of funding, such as impact investments. Pecan Street set-up the product testing environment, performed small-batch field testing, and provided a verified third-party performance report on the product of twelve companies. PSI Street and its partners leveraged the performance evaluations and insights from the newly formed PRI toolkit to raise over $1.5M across five companies, and garner interest for private sector adoption of the PLATFORM for Product Launch.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Unstructured Grid Adaptation: Status, Potential Impacts, and Recommended Investments Toward CFD Vision 2030

Unstructured grid adaptation is a powerful tool to control discretization error for Computational Fluid Dynamics (CFD). It has enabled key increases in the accuracy, automation, and capacity of some fluid simulation applications. Slotnick et al. provides a number of case studies in the CFD Vision 2030 Study: A Path to Revolutionary Computational Aerosciences to illustrate the current state of CFD capability and capacity. The authors forecast the potential impact of emerging High Performance Computing (HPC) environments forecast in the year 2030 and identify that mesh generation and adaptivity continue to be significant bottlenecks in the CFD work flow. These bottlenecks may persist because very little government investment has been targeted in these areas. To motivate investment, the impacts of improved grid adaptation technologies are identified. The CFD Vision 2030 Study roadmap and anticipated capabilities in complementary disciplines are quoted to provide context for the progress made in grid adaptation in the past fifteen years, current status, and a forecast for the next fifteen years with recommended investments. These investments are specific to mesh adaptation and impact other aspects of the CFD process. Finally, a strategy is identified to diffuse grid adaptation technology into production CFD work flows.

Park, Michael A.↗

West Coast Offshore Wind Transmission Literature Review and Gaps Analysis

This review of the state of west coast OSW transmission research organizes the body of literature to date and describes the most impactful grid integration analysis and convening opportunities. It is intended as a scan of the landscape to ground impactful investments, which will guide state and federal entities and private developers to maximize net value of west coast OSW to the Nation.

17 WIND ENERGY↗

Creating Portfolio Management Concepts for Highly Agile and Innovative Government Research Programs Using Design Thinking and Lean Startup Methodologies

Managing a research and development (R&D) portfolio presents numerous challenges, such as prioritizing research areas, remaining agile, strategic workforce planning, and measuring return on investment, impact, and innovation. One government R&D program is charged with producing a high degree of innovative, transformational breakthroughs in aviation technology. A practical, structured methodology for strategically prioritizing emerging aviation R&D in such an environment is lacking. The existing multi-criteria decision aid tools are primarily utilized at an enterprise level, take months to set up and collect data, require large teams of experts, are used on an infrequent basis, and are not conducive to a highly innovative, high-risk portfolio. Prior to audaciously creating a new portfolio prioritization process, the exact challenges with portfolio management for R&D projects were identified using the design thinking and lean start-up methods. A key part of this discovery process was interviewing stakeholders, as well as other managers of organizations charged with producing innovative portfolios. These interviews, as well as additional techniques, were used to develop a deeper understanding of the challenges and, subsequently, lay the foundation for development of an effective portfolio prioritization process. Four potential concepts that represent key findings emerged: carefully selected criteria for portfolio assessment and selection, targeted portfolio turnover rate, dynamic portfolio prioritization framework, and streamlined transition or commercialization of R&D. Acting on any one of the resulting portfolio management concepts will increase the transparency and confidence in portfolio decisions and, ideally, result in a greater degree of transformational breakthroughs in aviation technology.

project portfolio management↗

Power sector investment implications of climate impacts on renewable resources in Latin America and the Caribbean

Climate change mitigation will require substantial investments in renewables. In addition, climate change will affect future renewable supply and hence, power sector investment requirements. We study the implications of climate impacts on renewables for power sector investments under deep decarbonization using a global integrated assessment model. We focus on Latin American and Caribbean, an under-studied region but of great interest due to its strong role in international climate mitigation and vulnerability to climate change. We find that accounting for climate impacts on renewables results in significant additional investments ($12–114 billion by 2100 across Latin American countries) for a region with weak financial infrastructure. We also demonstrate that accounting for climate impacts only on hydropower—a primary focus of previous studies—significantly underestimates cumulative investments, particularly in scenarios with high intermittent renewable deployment. Our study underscores the importance of comprehensive analyses of climate impacts on renewables for improved energy planning.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Studies in short haul air transportation in the California corridor: Effects of design runway length; community acceptance; impact of return on investment and fuel cost increases, volume 1

The impact of design runway length on the economics and traffic demand of a 1985 short haul air transportation system in the California Corridor was investigated. The community acceptance of new commercial airports for short haul service was studied. The following subjects were analyzed: (1) travel demand, (2) vehicle technology, (3) infrastructure, (4) systems analysis, and (5) effects on the community. The operation of the short haul system is compared with conventional airline operations.

Shevell, R. S.↗

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,↗

An initial comparative assessment of orbital and terrestrial central power systems

A silicon photovoltaic orbital power system, which is constructed from an earth source of materials, is compared to likely terrestrial (fossil, nuclear, and solar) approaches to central power generation around the year 2000. A total social framework is used that considers not only the projection of commercial economics (direct or in internal costs), but also considers external impacts such as research and development investment, health impacts, resource requirements, environment effects, and other social costs.

Caputo, R.↗

Studies in short haul air transportation in the California corridor: Effects of design runway length; community acceptance; impact of return on investment and fuel cost increases. Volume 2: Appendices

The development of a forecast model for short haul air transportation systems in the California Corridor is discussed. The factors which determine the level of air traffic demand are identified. A forecast equation for use in airport utilization analysis is developed. A mathematical model is submitted to show the relationship between population, employment, and income for indicating future air transportation utilization. Diagrams and tables of data are included to support the conclusions reached regarding air transportation economic factors.

Shevell, R. S.↗

How to support EV adoption: Tradeoffs between charging infrastructure investments and vehicle subsidies in California

Supporting the adoption of zero-emission vehicle (ZEVs), including plug-in electric vehicles (EVs), has become a priority for governments due to their ability to reduce petroleum demand, improve air quality, and reduce carbon dioxide (CO2) emissions. Optimal strategies to accelerate EV adoption must weigh the relative value of alternative policy mechanisms to consumers, including public charging infrastructure and vehicle purchase subsidies. We use a historically validated light-duty vehicle consumer choice tool, the ADOPT model, to simulate personal light-duty vehicle adoption and related emissions in California. ADOPT is updated to incorporate a quantification of the tangible value of public charging infrastructure, allowing us to simulate the impact of investments in public charging infrastructure and vehicle purchase subsidies under different scenarios. We show that both policies result in increased EV adoption, with the most effective policy varying depending on vehicle technology assumptions. Under conservative technology improvement assumptions, infrastructure investments are most effective in promoting EV sales and reducing CO2 emissions, while under optimistic technology improvement assumptions a combination of infrastructure and subsidies best supports EV sales and CO2 emission reductions.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Climate smart agriculture and global food-crop production

Most business-as-usual scenarios for farming under changing climate regimes project that the agriculture sector will be significantly impacted from increased temperatures and shifting precipitation patterns. Perhaps ironically, agricultural production contributes substantially to the problem with yearly greenhouse gas (GHG) emissions of about 11% of total anthropogenic GHG emissions, not including land use change. It is partly because of this tension that Climate Smart Agriculture (CSA) has attracted interest given its promise to increase agricultural productivity under a changing climate while reducing emissions. Considerable resources have been mobilized to promote CSA globally even though the potential effects of its widespread adoption have not yet been studied. Here we show that a subset of agronomic practices that are often included under the rubric of CSA can contribute to increasing agricultural production under unfavorable climate regimes while contributing to the reduction of GHG. However, for CSA to make a significant impact important investments and coordination are required and its principles must be implemented widely across the entire sector.

54 ENVIRONMENTAL SCIENCES↗

NREL CITIES Support (CRADA CRD-14-00558 Final Report)

The Technical University of Denmark has received a Grant from the Danish Council for Strategic Research for the project "CITIES - Centre for IT-Intelligent Energy Systems in Cities", a strategic research centre, which involves industrial partners and universities. The Alliance for Sustainable Energy, LLC will participate with DTU as an industrial partner in "CITIES" under this Cooperative Research and Development Agreement (CRADA). The Centre for IT based Intelligent Energy Systems in Cities (CITIES) Project is a Danish national research center focused on work in building short-term operational integrated energy system models that feed longer term plam1ing models, considering the spatio-temporal variations, interactions, dynamics and stochastics in the energy system, from production to consumption. CITIES will harness the extensive expertise and experience of its industrial and academic partners to conduct meaningful research with tangible outputs, including a roadmap to a fossil free future. Decision support tools will be developed to inform stakeholders of the impact of investment, control and policy measures and to identify further opportunities for energy system efficiency. Dissemination and transferring knowledge is a key value to this CRADA, and the use of results by Danish policymakers, industry and society is vital. All participants in the Centre for IT based Intelligent Energy Systems in Cities (CITIES) Project are therefore encouraged to use all means to communicate their findings to society. Wherever possible, and compatible with applicable intellectual property regulations, publications should be produced and disseminated under Open Science, Data, Source and Access principles.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Flexible FlueCO2

Carbon dioxide (CO2) emission reductions remain a significant challenge on the path to clean energy. There are increasing legislative, social, and environmental factors motivating CO2 emissions reduction from power plants with carbon capture and storage (CCS). CCS in natural gas combined cycle (NGCC) power plants is critical to achieve a net-zero carbon electricity grid. Enhanced 45Q tax credits provide new incentives, but currently available technologies are unable to profitably operate in grids with deep variable renewable penetration which require flexible NGCC operation. Luna Labs has developed the FlueCO2 membrane to enable a profitable NGCC-CCS process. The FlueCO2 membrane couples steam transport across the membrane to CO2 transport in the opposite direction, enabling high capture efficiencies and low energy costs even at low CO2 concentrations. The dual-phase membrane can operate in the range of typical flue gas temperatures and pressures and does not require temperature or pressure cycling. Luna Labs’ FlueCO2 technology enables flexible and profitable operation of NGCC plants with lower capital investment and impact on electricity prices. In this Phase 1 project, Luna Labs utilized experimental testing, modeling, process simulation, and standardized costing methodologies to evaluate the techno-economic value of a 650 MW greenfield NGCC plant with FlueCO2 (NGCC-FlueCO2). Key design requirements for operation were established and plant performance under load-leveling conditions was validated through computational fluid dynamics and process modeling. Luna Labs developed a dynamic modeling tool which modeled plant operational modes across a variety of tax structures and electricity pricing scenarios to project the overall Net Present Value (NPV) of the NGCC-FlueCO2. FlueCO2 minimizes the impact of CCS integration on plant operation by integrating directly into the NGCC heat recovery steam generator (HRSG). By tapping into the plant’s low-pressure (LP) steam, operators can divert LP steam to the greenfield NGCC and/or CCS process in response to dynamic markets. Since FlueCO2 will not significantly affect HRSG (or NGCC) operation, CCS only turns off during peak power demand (>$250/MWh). Under baseload conditions, FlueCO2 lowers the capital (37%), energy (36%) and carbon capture (<$40/tonne) costs and can increase the overall plant lifetime NPV by approximately ~$1B in comparison with NGCC solvent-based capture reference cases (NETL Case 31B). Luna Labs has shared its costing tools with several interested partners and customers, which follows a generalizable approach to costing analysis.

Kelly, Jesse↗

WoRDMAp Outbrief: Workshop on Radiation Detection Materials [Slides]

Project Goal: Identify pathway to reliably grow and fabricate high-performance radiation detectors for use in a variety of nonproliferation applications. 1. Create 3 working groups (semiconductors, inorganic and organic scintillators) that bring together international R&D subject-matter experts (national laboratories, industry, and academia), end users, and mission stakeholders 2. Reach expert consensus views regarding current materials related technology gaps and define prioritized R&D directions required to resolve these gaps 3. Envisage the future state of next-generation radiation detection materials and quantify the benefits to nuclear security applications 4. Provide a comprehensive expert report to DNN R&D program office to serve as roadmap with recommendations for future high-impact office investment in radiation-detection materials development

46 INSTRUMENTATION RELATED TO NUCLEAR SCIENCE AND ↗