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At least 19 records

U.S. ESCO Industry Report: Industry Size and Recent Market Trends, 2022- 2024

The latest edition of the U.S. Energy Service Company (ESCO) Industry Report by Lawrence Berkeley National Laboratory (LBNL) finds that the U.S. ESCO industry continues to show strong growth. The report draws from ESCO industry reported revenue data for the 2022-2024 period, detailing the current size and characteristics of the U.S. ESCO industry. Following 20 years of ESCO industry reports, the 2024 report explores significant revenue trends across market segments, geographic regions, ESCO size, financing structures, and business activities. New analysis in this report outlines customer priorities and non-energy benefit drivers of Energy Savings Performance Contract projects, adjusted revenue analysis detailing the impacts of inflation on industry growth, and project challenges by market segment.

Chelminski, Kathryn↗

International review of market trends, technologies and policies for commercial refrigeration equipment and implications for China

This report reviews the latest global and China-specific market trends as well as latest technology and policy trends related to commercial refrigeration equipment, with emphasis on refrigerated display cabinets. Section 2 reviews the global and China market trends for commercial refrigeration equipment. Section 3 presents the latest technology options for improving energy performance and compares global Best Available Technologies (BAT) to regional and China-specific baselines, and discusses low-GWP refrigerant options for commercial refrigeration equipment. Section 4 reviews global energy efficiency standards and labeling programs, and compares international efficiency standard requirements with China’s proposed and existing standard requirements. Section 5 ends with a review of key findings and conclusions.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

U.S. ESCO Industry: Industry Size and Recent Market Trends

This study is the latest in a series of LBNL research into U.S. ESCO industry characteristics and market trends. The research is based on interviews with ESCO industry executives conducted during the fall of 2019 and the first half of 2020. Nearly all companies that identified themselves as ESCOs were contacted as part of this project. We find that after a period of little growth (2011-2014), industry revenues reached an estimated $6 billion in 2018, or a 3.4% annual average growth rate from 2015-2018. ESCOs primarily serve the public an institutional sectors (e.g., federal, state, and local governments; university and colleges; and K-12 schools). In 2018, project investments by public and institutional organizations accounted for over 90% of industry revenue, which is consistent with previous industry studies. ESCO activity in the Middle Atlantic, East North Central, and Pacific regions in the U.S. delivered the highest share of revenue in 2018, which is also consistent with earlier research. ESCOs reported that a majority of their customers use energy savings performance contracts (ESPCs) primarily for facility capital improvement needs and resilience rather than utility savings. In addition, the importance of non-energy benefits (e.g., water savings, avoided operations and maintenance costs, and avoided capital costs) accounted for in the project savings guarantee reportedly increased in all markets during 2016-2018 compared to previous time periods. The study found that the ESCO industry faces several key challenges, including: (1) increasing project development times due to more complex projects and other factors; (2) difficulty finding qualified subcontractors in some regions, including minority- women- and disadvantaged population-owned small business enterprises; and (3) difficulty accessing project documents and quickly fulfilling customer requests to justify project payments several years into the performance period of a project.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Refrigerants: Market Trends and Supply Chain Assessment

The National Renewable Energy Laboratory (NREL), in partnership with ORNL, under the Clean Energy Manufacturing Analysis Center (CEMAC www.manufacturingcleanenergy.org) umbrella, assessed the current state of existing and low-GWP refrigerants for major end-use applications, including HVAC and those outside of the HVAC industry. The project incorporated a market overview, and supply chain assessment to determine the production, distribution, consumption, costs, and potential operating efficiency impacts of new and alternative refrigerants entering the market. Market trends and ongoing research are also documented. This work supplements other DOE efforts to support research activities on refrigerants and their applications including a refrigerant R&D roadmap and outlook into global air conditioning markets (Goetzler et al. 2014, 2016).

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Clean Grid Vision: A U.S. Perspective - Chapter 5. Global Power Market Trends

The evolution of the electricity sector toward competitive modern markets is occurring over a long period and responding to rapid changes in technologies, business models, and other market factors. No reformed power market anywhere in the world looks the same today as it did a decade ago. Technology has enabled some of the evolution, but perhaps it is more important that people and institutions learn from experience how to make markets better over time. Governments still have an important role—not as the authority controlling prices, but as the authority safeguarding the integrity of the economic processes that create prices in response to supply and demand and ensure reliability and other objectives are met. More VRE resources will change market conditions, but they will not change market fundamentals. Prices provide important signals for new investments and how the grid operates—including new technologies and processes discussed elsewhere in this report. If poor market design or the exercise of market power by a large entity distort these signals, outcomes will cease to be efficient and the public will bear the additional cost. Fundamentally, prices reflect supply, demand, and the cost of technological options.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Market trends

A very large segment of the over water, long haul passenger market, 31% of the passengers who provide 42% of the passenger revenue, offers a significant market for an advanced supersonic transport. This is for both the first class and full-fare economy passenger markets. The supersonic transport may be more competitive here in spite of lower costs of subsonic transports, as passenger preference is a more powerful variable than DOC. This latter fact was amply demonstrated in the late fifties when the jets completely replaced the reciprocating engine transports on most world routes, in spite of slightly higher fares.

Fitzsimmons, R. D.↗

Offshore Wind Market Report: 2024 Edition

The Offshore Wind Market Report: 2024 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends. The report provides the status of more than 322 operating offshore wind energy projects in the global fleet through Dec. 31, 2023, as well as the broader global pipeline of projects in various development stages. To provide current information and discussion on the emerging offshore wind industry in the United States, this report tracks significant U.S. domestic progress and events from Jan. 1, 2023, to May 31, 2024.

17 WIND ENERGY↗

Offshore Wind Market Report: 2023 Edition [Slides]

The Offshore Wind Market Report: 2023 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends. This presentation highlights the main points of the report to help provide a summary.

17 WIND ENERGY↗

Subsonic Single Aft Engine Narrowbody (SUSAN) Freighter Concept and Market Analysis

The dedicated air cargo and freight market has the potential to be a critical early pathway for emerging technologies in low to zero emission propulsion. This study analyzes the cargo aviation market to understand current market trends and future market viability of a mid-sized all-electric or hybrid-electric concept aircraft. While cargo aviation’s overall emissions footprint is small relative to commercial passenger aviation, it remains an important and challenging transportation sector to decarbonize. Past research has focused on small, less than 19-seat electrified aircraft propulsion concepts that could serve both passenger and air cargo markets This study extends the electrified market space into larger aircraft classes, considering if a purpose-built large hybrid electric turboprop freighter can compete in the market currently served primarily by conversion narrowbody freighters. Specifically, this paper focuses on the mid-sized cargo market with payload ranges of 40,000-50,000lbs, and an all-electric range potential up to 750 miles. The concept aircraft is based on a 4-engine turboprop configuration, with mounted wing battery packs and an aft cargo door to allow for standardized palletization. The market analysis indicates broad market coverage with 73% of the existing mid-sized cargo network within the range of 750 miles. A breakeven analysis of operating and capital costs shows potential for market competition, however, additional energy and acquisition cost savings from the concept aircraft are needed. Evidence from the breakeven analysis also points to higher rates of aircraft utilization being a critical path to lowering costs and increasing cost effectiveness.

Jacob M. Wishart↗

Hybrid Electric Turboprop Commercial Freighter (HETCOF) Market Study

The dedicated air cargo and freight market has the potential to be a critical early pathway for emerging technologies in low to zero emission propulsion. This study analyzes the cargo aviation market to understand current market trends and future market viability of a mid-sized all-electric or hybrid-electric concept aircraft. While cargo aviation’s overall emissions footprint is small relative to commercial passenger aviation, it remains an important and challenging transportation sector to decarbonize. Past research has focused on small, less than 19-seat electrified aircraft propulsion concepts that could serve both passenger and air cargo markets. This study extends the electrified market space into larger aircraft classes, considering if a purpose-built large hybrid electric turboprop freighter can compete in the market currently served primarily by conversion narrowbody freighters. Specifically, this paper focuses on the mid-sized cargo market with payload ranges of 40,000-50,000lbs, and an all-electric range potential up to 750 miles. The concept aircraft is based on a 4-engine turboprop configuration, with wing mounted battery packs and an aft cargo door to allow for standardized palletization. The market analysis indicates broad market coverage with 73% of the existing mid-sized cargo network within the range of 750 miles. A breakeven analysis of operating and capital costs shows potential for market competition; however, this would require additional energy and acquisition cost savings from the concept aircraft. Evidence from the breakeven analysis also points to higher rates of aircraft utilization being a critical path to lowering costs and increasing cost effectiveness.

Hybrid Electric↗

Driving the Shift to Energy-Efficient and Climate-Responsible Commercial Refrigeration Equipment in Chile

This report provides an overview of global and Chile-specific market trends, technological advancements, and policy developments related to commercial refrigeration equipment, with an emphasis on refrigerated display cabinets. Section 2 examines CRE market trends at the global and Chilean levels. Section 3 presents CRE energy consumption and the latest technological options for improving energy performance. It also discusses low global warming potential (GWP)1 refrigerant options for CRE. Section 4 provides a cost-effectiveness analysis. Section 5 reviews other regional energy efficiency standards and labeling programs and offers potential standard requirements for Chile. Section 6 concludes the report by summarizing key findings and conclusions. Finally, Appendix A provides detailed guidelines intended as a starting point to inform policies and programmes.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Offshore Wind Market Report: 2023 Edition

The Offshore Wind Market Report: 2023 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends. The scope of the report covers the status of over 293 global operating offshore wind energy projects as well as the broader global pipeline of projects in various stages of development through December 31, 2022. To provide up-to-date information and discussion on this emerging industry in the United States, this report tracks the significant U.S. domestic industry progress and events from January 1, 2022, through May 31, 2023. The U.S. offshore wind energy project development pipeline has reached a potential generating capacity of over 52 gigawatts, and the industry has seen strong support from state and federal governments (such as from the Inflation Reduction Act of 2022 and the announced Floating Offshore Wind Shot to reduce the cost of floating wind by 70%). There are contracts for over 17 gigawatts of the electricity from these offshore wind projects and state policies are in place to procure over 42 gigawatts by 2040. Although some projects are facing economic headwinds due to rising costs and higher interest rates (corresponding to project cost increases of 11% - 30% in 2022), there has still been significant investment in a domestic supply chain (including manufacturing facilities, new vessels, and upgraded or planned ports). Technologies continue to evolve as offshore wind turbines in the 15-megawatt class advance towards commercial production. Key offshore wind energy market indicators, such as commercial leasing, state energy planning targets, procurement policies, offtake agreements, and federal support for U.S. jobs and supply chain development, point toward sustained market growth when viewed together, but the macroeconomic hurdles facing the first generation of commercial projects could significantly stunt that growth.

17 WIND ENERGY↗

Integration of Pumped Heat Energy Storage with Fossil-Fired Power Plant (Final Report)

The project team of Southwest Research Institute ® (SwRI ® ), Malta Inc. (Malta), and Luminant Generation Company LLC (Luminant) completed a feasibility study for the integration of a 100-MW, 10-hour (1000-MWh) Malta Pumped Heat Energy Storage (MPHES) system with multiple full-sized fossil-fired electricity generation units (EGU) in Luminant portfolio. MPHES is a long-duration, molten-salt-energy storage technology that uses turbomachinery and heat exchangers to transfer energy to a thermal storage media when charging, and removes the heat in a similar fashion when discharging. With high round trip efficiency (60-65%) and long lifespan (30+ years), MPHES provides economic benefits to the fossil-asset owners that can be scaled to integrate with assets across their portfolio. This technology uses hardware components, workforce personnel, and skillsets similar to those used by fossil EGUs, allowing for synergy when co-locating the two technologies. Luminant has approximately 39,000 megawatts of generation across 12 states, operating in six of the seven competitive markets in the U.S. and powered by a diverse portfolio of natural gas, nuclear, coal, and solar facilities. The DeCordova plant in Granbury, Texas, a simple cycle natural gas peaker power plant, was used as the fossil-fired asset in this project. The local market in Granbury, Texas has many influences, including several nearby power plants, a Luminant-owned nuclear plant (Comanche Peak), and substantial wind energy, which causes both negative pricing at night and high market volatility. Reducing false starts of the DeCordova plant and better responding to market volatility would be an economic advantage. Luminant is currently integrating battery storage plant on site to begin addressing these challenges. Integrating long-duration storage, like MPHES, would expand this capability beyond one hour of storage and have the potential to greatly reduce the total number of gas turbine starts. The MPHES charging requirement could help offset the overnight operating costs of Comanche Peak, which cannot load follow, and the nearby Luminant-owned Wise County combined cycle plant that cycles too often. Following the assessment of Luminant’s ERCOT-based portfolio for integration compatibility with Malta’s PHES system and the project tasks of conceptual study, technoeconomic analysis, technology gap assessment, and commercialization plan, the project team effort has resulted in several key outcomes: (1) Identification of market trends in a high-wind penetration market outside a major metropolitan area; (2) Creation of a dispatching model for the MPHES system and the pairing of Li-ion battery with a gas turbine in a real time market; (3) Revenue and cost estimations for operating MPHES alongside a gas peaker plant with real dispatching considerations and comparison with variations in the Malta implementation, including doubling the storage capacity and using two discharge drivetrains; (4) Potential carbon emission reductions possible by replacing gas turbine operation with Malta PHES operation; and (5) Summary of literature-based future market predictions for Texas.

20 FOSSIL-FUELED POWER PLANTS↗

Behind the Meter Solar+Storage: Market data and trends [Slides]

As the distributed solar market evolves toward more dynamic forms of deployment, interest in paired solar-plus-storage applications continues to gain steam, but details on the current state of the market are relatively sparse. To fill that void, Berkeley Lab has released an in-depth analysis of this budding market segment. This report draws on the Lab’s Tracking the Sun dataset to characterize trends in deployment, system sizing and equipment selection, installer-market development, and system pricing. The report also provides indicative analyses of the financial and resilience value that host customers in several key markets presently receive by pairing storage with solar.

14 SOLAR ENERGY↗

Distributed Wind Market Report: 2023 Edition

The annual Distributed Wind Market Report provides stakeholders with market statistics and analysis along with insights into market trends and characteristics for wind technologies used as distributed energy resources. This report presents the distributed wind market from 2003 through 2022. Installed capacity, deployment trends, customer types, incentives, policies, installed costs, performance, and the future outlook for the distributed wind market are the key topics included in the report.

17 WIND ENERGY↗

Global Market Analysis of Microreactors

Microreactors are smaller and simplified versions of nuclear power plants using current generation and advanced nuclear technology designs. The purpose of this report is to assesses the unique capabilities of microreactors and assess potential deployment in specific global markets in the 2030-2050 timeframe, with consideration for regulatory limits. The methods include developing unique microreactor deployment indicators and matching use cases to define future profile markets. Top-down and bottom-up analysis techniques were used to evaluate emerging market trends, derive a range of possible demands, and rank potential markets in 63 countries including current nuclear users and newcomer countries. Deployment is considered from regulatory and planning perspectives. Results indicate significant potential for global deployment of microreactors, but also significant challenges in achieving the technical capacities, meeting regulatory requirements and international accords, achieving competitive costs, and for gaining public acceptance. Profile microreactor markets were identified that include isolated operations, distributed energy, resilient urban applications, marine propulsion, and disaster relief. Market demands could be strong in Western Europe and possibly even the U.S., but particularly strong across Asia and Eastern Europe in isolated operations and distributed energy applications. Build rates in the hundreds of units by 2040 and thousands by 2050 would be needed to attain market penetration at scale.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

Offshore Wind Market Report: 2024 Edition Executive Summary

The Offshore Wind Market Report: 2024 Edition provides detailed information on the U.S. and global offshore wind energy industries to inform policymakers, researchers, and analysts about technology, economic, and market trends. The report provides the status of more than 322 operating offshore wind energy projects in the global fleet through Dec. 31, 2023, as well as the broader global pipeline of projects in various development stages. To provide current information and discussion on the emerging offshore wind industry in the United States, this report tracks significant U.S. domestic progress and events from Jan. 1, 2023, to May 31, 2024.

17 WIND ENERGY↗