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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.

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At least 19 records

Application and evaluation of a pattern-based building energy model calibration method using public building datasets

Building performance simulation has been adopted to support decision making in the building life cycle. An essential issue is to ensure a building energy simulation model can capture the reality and complexity of buildings and their systems in both the static characteristics and dynamic operations. Building energy model calibration is a technique that takes various types of measured performance data (e.g., energy use) and tunes key model parameters to match the simulated results with the actual measurements. This study performed an application and evaluation of an automated pattern-based calibration method on commercial building models that were generated based on characteristics of real buildings. A public building dataset that includes high-level building attributes (e.g., building type, vintage, total floor area, number of stories, zip code) of 111 buildings in San Francisco, California, USA, was used to generate building models in EnergyPlus. Monthly level energy use calibrations were then conducted by comparing building model results against the actual buildings' monthly electricity and natural gas consumption. The results showed 57 out of 111 buildings were successfully calibrated against actual buildings, while the remaining buildings showed opportunities for future calibration improvements. Enhancements to the pattern-based model calibration method are identified to expand its use for: (1) central heating, ventilation and air conditioning (HVAC) systems with chillers, (2) space heating and hot water heating with electricity sources, (3) mixed-use building types, and (4) partially occupied buildings.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Calibration of urban building energy model using smart meter data for district peak load prediction

Urban building energy modeling (UBEM) is a powerful approach to assessing baseline building energy performance and retrofits with new technologies across building stocks in cities. However, the accuracy of UBEM is often constrained by the limited availability of reliable data about building characteristics and operations, such as envelope efficiency levels, HVAC system performance, and end-use load patterns. Existing research has performed UBEM calibration using annual or monthly energy consumption data, which falls short when higher-resolution time series applications are needed, such as peak load prediction for utility operation planning. This study presents a new framework for calibrating building energy models at urban scale using smart meter data, targeting the accurate prediction of summer peak electricity loads to support robust grid planning. The framework first integrates various data sources to enhance baseline input assumptions for building models, and then calibrates the baseline models through a pattern-matching approach. A case study using CityBES and two years of AMI data from over 9000 residential customers in Portland, Oregon, demonstrated the workflow and its effectiveness. The calibrated models achieved a daily peak load mean absolute percentage error of 2.6 % during the heatwave in the calibration year, and 2.0 % in the validation year using another year of AMI data. Using the calibrated models, we analyzed the demand flexibility potential of the district building stock as an application of UBEM calibration. The findings affirm the appropriate use of UBEM for peak electric load forecasting and demand side management at the utility distribution system level.

AMI data↗

Performance Results from DOE Cold Climate Heat Pump Challenge Field Validation

Space conditioning and water heating consume over 40% of the nation’s primary energy use and represent a significant component of many homeowners’ monthly energy bill. However, in cold climates, performance of heat pumps has traditionally suffered as the units have been unable to efficiently transfer heat from colder outdoor air temperatures to warm the interior space of homes. Optimizing heat pumps for cold climates (5 °F and below) requires coordinated effort to ensure heat pump technologies can be enjoyed by Americans living in these regions. The DOE Cold Climate Heat Pump (CCHP) Challenge sought to address this challenge by partnering with industry to develop, test, and validate the performance of new, highly efficient heat pumps in real homes. The Challenge, launched in 2021, brought together leading heating, ventilation, and air conditioning (HVAC) manufacturers to develop prototype units optimized for performance at cold climates. This report summarizes results from the field validation that occurred 2022-2024.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

A Comparative Analysis of Lithium-Ion Battery Chemistries for Cold-Climate Maritime Applications

Energy storage, primarily in the form of electrochemical batteries, is critical for enabling integration of marine energy (e.g., power from waves and currents) with end-use applications at sea due to the periodicity of the resources and requirement of consistent, smooth power delivery. Powering high-latitude coastal or ocean-based observing systems has been identified as a high value-proposition use case, exemplifying the concept of Powering the Blue Economy. An existing power system implementation for such a platform uses solar panels coupled to rechargeable lithium-ion batteries, augmented by a non-rechargeable backup bank used to power heaters in winter months. As wave energy is a potential resource for powering this and similar use cases and is strongest when solar power is most limited, it was hypothesized that integration of wave power would alleviate some of the challenges in cold climates related to energy storage. In this work, we investigate the use case scenario in simulation and perform a comparative test of commercially-available lithium-ion battery chemistry formulations to determine the most appropriate choice for the application. The experiment compared the most commonly-used lithium-based battery types (NCM, NCA, and LFP) in laboratory conditions emulating a battery enclosure thermally coupled to freezing seawater using an industrial battery performance tester in PNNL's arctic simulation lab. Battery strings were repeatedly cycled (i.e., charged, discharged, rested) and their usable capacity was measured. Both NCM and NCA strings exhibited degradation upon cycling, while the LFP string maintained stable operation through over 700 complete cycles. Though lower in baseline capacity, LFP are recommended for this and similar low-temperature applications with access to high levels of bulk charging current (e.g., from high-energy wave events) and their use may reduce the cost and complexity of battery conditioning and protection apparatus.

16 TIDAL AND WAVE POWER↗

Evaluating the potential of short-term instrument deployment to improve distributed wind resource assessment

Distributed wind projects, which are connected at the distribution level of an electricity system or in off-grid applications to serve specific or local energy needs, often rely solely on wind resource models to establish wind speed and energy generation expectations. Historically, anemometer loan programs have provided an affordable avenue for more accurate onsite wind resource assessment, and the lowering cost of lidar systems has shown similar advantages for more recent assessments. While a full 12 months of onsite wind measurement is the standard for correcting model-based long-term wind speed estimates for utility-scale wind farms, the time and capital investment involved in gathering onsite measurements must be reconciled with the energy needs and funding opportunities that drive expedient deployment of distributed wind projects. Much literature exists to quantify the performance of correcting long-term wind speed estimates with 1 or more years of observational data, but few studies explore the impacts of correcting with months-long observational periods. This study aims to answer the question of how short you can go in terms of the observational time period needed to make impactful improvements to model-based long-term wind speed estimates. Three algorithms, multivariable linear regression, adaptive regression splines, and regression trees, are evaluated for their skill at correcting long-term wind resource estimates from the European Centre for Medium-Range Weather Forecasts Reanalysis version 5 (ERA5) using months-long periods of observational data from 66 locations across the US. On average, correction with even 1 month of observations provides significant improvement over the baseline ERA5 wind speed estimates and produces median bias magnitudes and relative errors within 0.22 m s −1 and 4 percentage points of the median bias magnitudes and relative errors achieved using the standard 12 months of data for correction. However, in cases when the shortest observational periods (1 to 2 months) used for correction are not well correlated with the overlapping ERA5 reference, the resultant long-term wind speed errors are worse than those produced using ERA5 without correction. Summer months, which are characterized by weaker relative wind speeds and standard deviations for most of the evaluation sites, tend to produce the worst results for long-term correction using months-long observations. The three tested algorithms perform similarly for long-term wind speed bias; however, regression trees perform notably worse than multivariable linear regression and adaptive regression splines in terms of correlation when using 6 months or less of observational data for correction. Translating the analysis to wind energy, median relative errors in the capacity factor are on average within 10 % using 1 month of training. If the observation period used for correction is not well correlated with the reference data, however, misrepresentation of the observed capacity factor can be substantial. The risk associated with poor correlation between the observed and reference datasets decreases with increasing training period length. In the worst-correlation scenarios, the median capacity factor relative errors from using 1, 3, and 6 months are within 47 %, 26 %, and 16 %, respectively.

17 WIND ENERGY↗

Dominant Wave Energy Systems and Conditional Wave Resource Characterization for Coastal Waters of the United States

Opportunities and constraints for wave energy conversion technologies and projects are evaluated by identifying and characterizing the dominant wave energy systems for United States (US) coastal waters using marginal and joint distributions of the wave energy in terms of the peak period, wave direction, and month. These distributions are computed using partitioned wave parameters generated from a 30 year WaveWatch III model hindcast, and regionally averaged to identify the dominant wave systems contributing to the total annual available energy ( A A E ) for eleven distinct US wave energy climate regions. These dominant wave systems are linked to the wind systems driving their generation and propagation. In addition, conditional resource parameters characterizing peak period spread, directional spread, and seasonal variability, which consider dependencies of the peak period, direction, and month, are introduced to augment characterization methods recommended by international standards. These conditional resource parameters reveal information that supports project planning, conceptual design, and operation and maintenance. The present study shows that wave energy resources for the United States are dominated by long-period North Pacific swells (Alaska, West Coast, Hawaii), short-period trade winds and nor’easter swells (East Coast, Puerto Rico), and wind seas (Gulf of Mexico). Seasonality, peak period spread, and directional spread of these dominant wave systems are characterized to assess regional opportunities and constraints for wave energy conversion technologies targeting the dominant wave systems.

16 TIDAL AND WAVE POWER↗

Evaluating mesoscale model predictions of diurnal speedup events in the Altamont Pass Wind Resource Area of California

Mesoscale model predictions of wind, turbulence, and wind energy capacity factors are evaluated in the Altamont Pass Wind Resource Area of California (APWRA), where the diurnal regional sea breeze and associated terrain-driven speedup flows drive wind energy production during the summer months. Results from the Weather Research and Forecasting model version 4.4 using a novel three-dimensional planetary boundary layer (3D PBL) scheme, which treats both vertical and horizontal turbulent mixing, are compared to those using a well-established one-dimensional (1D) scheme that treats only vertical turbulent mixing. Each configuration is evaluated over a nearly 3-month-long period during the Hill Flow Study, and due to the recurring nature of the observed speedup flows, diurnal composite averaging is used to capture robust trends in model performance. Both model configurations showed similar overall skill. The general timing and direction of the speedup flows is captured, but their magnitude is overestimated within a typical wind turbine rotor layer. Both also fail to capture a persistent observed near-surface jet-like flow, likely due to the limited grid resolution that is typical of mesoscale models. However, the 3D PBL configuration shows several minor improvements over the 1D PBL configuration, including improved wind speed and turbulence kinetic energy profiles during the accelerating phase of the speedup events, as well as reduced positive wind speed bias at surface stations across the APWRA region. Using a mesoscale wind farm parameterization, modeled capacity factors are also compared to monthly data reported to the US Energy Information Administration (EIA) during the study period. Although the monthly trend in the data is captured, both model configurations overestimate capacity factors by roughly 7 %–11 %. Through model evaluation, this study provides confidence in the 3D PBL scheme for wind energy applications in complex terrain and provides guidance for future testing.

17 WIND ENERGY↗

Model America - 2022 Arizona Building Energy Simulation Results from ORNL's AutoBEM

This dataset contains energy simulation outputs using ORNL's AutoBEM, covering the summer months (June 1st to August 31st) (named by "county_name.csv") and full-year periods (in output_all_year.zip) for each county in Arizona, USA. The data package includes simulation results such as basic energy metrics and anthropogenic emissions estimates. Files are provided in .csv. These data were generated to analyze the impact of weather conditions on energy use and emissions across urban and rural environments in Arizona, aiming to support research on urban heat islands, energy efficiency, and building retrofitting strategies. The source data for this work include NASA POWER weather datasets and computational models run using AutoBEM (i.e., an automated, large-scale energy simulation tool leveraging OpenStudio/EnergyPlus). This dataset can assist researchers, urban planners, and policymakers in developing climate-resilient energy systems and understanding anthropogenic contributions to local environments.

54 ENVIRONMENTAL SCIENCES↗

Improvement of Coal Power Plant Dry Cooling Technology through Application of Cold Thermal Energy Storage

The U.S. power infrastructure is currently heavily reliant on water cooling. The power plants in the U.S. account for approximately 40% of freshwater withdrawals, with 90% of it used in condenser cooling. The most used cooling technology in coal-fired power plants is a once-through condenser; however, this cooling method requires high water withdrawal rates and results in thermal pollution of the water source. Wet WCTs offer an alternative to once-through condensers due to much lower water withdrawals. However, these systems suffer from water consumption through evaporation making them undesirable options in areas subject to droughts and in arid areas. The direct dry cooled condensers (ACCs) and dry cooling towers (DCT) account for 1.8%, hybrid cooling (ACC + WCT) accounts for 0.5%, while other cooling technologies represent the rest (0.7%). The ACC/DCTs represent an attractive alternative for power plants; however, this technology has not been widely adopted in the US (less than 2% of power plants) due to its negative impact on plant performance. As a rule of thumb, dry cooling results in performance penalty equivalent to approximately 2%-point efficiency loss compared to wet cooling, although the actual magnitude varies with ambient dry bulb temperature, DBT which may vary considerably during the day. As DBT increases, the plant power output decreases, reaching a minimum at the hottest period of the day, which usually coincides with the highest electricity demand for air condition load. Therefore, performance of power plants using DCT/ACC cooling technology is the lowest during the summer mid-day when ambient temperature is the highest. For example, the decrease of the inlet air temperature to the DCT/ACC by 2 Deg C could generate up to 5% additional power at peak demand. It is, therefore, important to improve dry cooling technology to maintain the viability of coal-fired power plants in a carbon constrained future. The method for reducing the cooling air temperature and keeping it constant would mitigate this problem significantly. Objectives of this project were to develop, design, evaluate, and demonstrate a cost-effective system for improving performance of a DCT or ACC for thermal (coal-fired) power plant applications using a low-cost heat storage materials, such as pervious concrete (PC) and phase change material (PCM). Thus, the study focused on development of the system(s) that could be used to alleviate the difficulties in operating DCT/ACC during the summer months by storing cold energy during the nighttime in inexpensive materials PC and PCM and using it during the hottest period(s) of the day. Since very large quantities of cold energy need to be stored to make an impact on performance of a large power plant, it is essential that the storage materials and associated cold energy storage design(s) are inexpensive and the system is simple to build, maintain and operate. To achieve the project objectives, a comprehensive approach, including material development and characterization, component and system modeling, and laboratory- and prototype-scale experiments, was employed including modeling of the system components and of the entire system, development (engineering) of the materials for the heat storage modules of the Cold Thermal Energy Storage System (CTESS) and determination of their properties, design, manufacturing and setup of the laboratory- and prototype-scale test facility and testing, design, manufacturing and setup of the prototype-scale test facility. A modular design of CTESS was employed, where representative modules were designed as the integrated direct contact heat exchanger and thermal energy storage (TES) system. CTESS modules were manufactured and tested. Two prototype-scale designs of the CTESS modules were developed and tested. The use of CTESS increases plant generation increases since it lowers air temperature entering ACC/DCT and keeps it constant during the hottest time of the day. For a PCM-based CTESS, the ambient air temperature is lowered close to the PCM phase change temperature. The duration of the cooling effect depends on the latent heat and mass of PCM in the CTESS. For this project, commercial grade CaCl2 hexahydrate (CaCl2·6H2O or CC6) PCM with phase change temperature of 25 Deg. C was used due to its low cost. For practical reasons, the CTESS was designed to maintain the cooling effect for four hours. The low phase change temperature associated with the commercial grade PCM used in CTESS results in considerably higher improvement in net generation compared to the laboratory (pure) grade. The resistance to heat transfer results in lower net generation compared to the ideal case where resistance to heat transfer is zero. The results demonstrate that CTESS is effective in improving the performance of a dry cooling system. However, its effectiveness depends on the relationship between the ambient air conditions and PCM phase change temperature. As is the case with the heat rejection system, for the best performance, the PCM used in CTESS would need to be matched to the ambient air conditions. The results obtained in this report for selected geographical locations are valid for CC6 and demonstrate that the level of performance to be achieved by the technology will be location-dependent, as is the case with the air cooled condensers. The methodology for engineering of PC-PCM-based heat storage medium is applicable to other PCMs that may need to be used for other ambient air conditions and geographical locations.

01 COAL, LIGNITE, AND PEAT↗

Energy Management Information System Powers NREL's Intelligent Campus

NREL's Intelligent Campus program leverages its own laboratory buildings as research instruments to study renewable energy, energy efficiency, and energy storage, integration, and analysis with real, quantitative measurements. At the heart of NREL's Intelligent Campus program is its Energy Management Information System (EMIS), a family of tools and services used to manage building and campus energy use. NREL's EMIS includes capabilities, such as benchmarking and monthly utility tracking, interval meter analytics, equipment fault detection and diagnostics, condition-based monitoring, and supervisory control, enabling unprecedented energy management capabilities. The system serves as a demonstration project for other federal facilities interested in learning about its design, features, and benefits.

37 INORGANIC, ORGANIC, PHYSICAL, AND ANALYTICAL CH↗

Energy Management Information System Powers NREL's Intelligent Campus

NREL's Intelligent Campus program leverages its own laboratory buildings as research instruments to study renewable energy, energy efficiency, and energy storage, integration, and analysis with real, quantitative measurements. At the heart of NREL's Intelligent Campus program is its Energy Management Information System (EMIS), a family of tools and services used to manage building and campus energy use. NREL's EMIS includes capabilities, such as benchmarking and monthly utility tracking, interval meter analytics, equipment fault detection and diagnostics, condition-based monitoring, and supervisory control, enabling unprecedented energy management capabilities. The system serves as a demonstration project for other federal facilities interested in learning about its design, features, and benefits.

EMIS↗

Active and passive cooling approaches for a Southern California residential community

This study assesses cooling strategies in a low-income community in Southern California that lacks air conditioning and struggles with heat and air pollution. We used an urban building energy model and an electric distribution system model to evaluate active and passive cooling measures. The most effective space cooling measures were high-performance air-source heat pumps, cool coatings, window films, and harnessing the space cooling effect from heat pump water heaters. The results show that combining heat pump water heaters with window films and cool coatings reduces heat index hazard hours within buildings by 95 % to 99 % but increases total energy costs (equipment costs plus changes in utility bills) by 20 % to 60 % where the higher end includes building electrical upgrades. These measures also led to increased space heater use during colder months to avoid overcooling. Replacing conventional heaters with air source heat pumps eliminated unsafe indoor temperatures and reduced total energy use, but increased cost by 125 % to 150 %. In total, using heat pumps for space and water heating could reduce primary energy use by up to 57 %. The higher cost of active and passive cooling measures can be mitigated by existing and emerging incentive programs, especially those that support heat pumps. Electric distribution upgrades to support community electrification are estimated to increase utility costs by $\$$25 to $\$$40 per ratepayer per year. The results underscore the potential and challenges of adapting building infrastructure in communities at risk from climate and environmental stressors.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Changing Characteristics of Tropical Extreme Precipitation–Cloud Regimes in Warmer Climates

In this study, we investigated the changing characteristics of climatic scale (monthly) tropical extreme precipitation in warming climates using the Energy Exascale Earth System Model (E3SM). The results are from Atmospheric Model Intercomparison Project (AMIP)-type simulations driven by (a) a control experiment with the present-day sea surface temperature (SST) and CO 2 concentration, (b) P4K, the same as in (a) but with a uniform increase of 4K in the SST globally, and (c) the same as in (a), but with an imposed SST and CO 2 concentration from the outputs of the coupled E3SM forced by a 4xCO 2 concentration. We found that as the surface warmed under P4K and 4xCO 2 , both convective and stratiform rain increased. Importantly, there was an increasing fractional contribution of stratiform rain as a function of the precipitation intensity, with the most extreme but rare events occurring preferentially over land more than the ocean, and more so under 4xCO 2 than P4K. Extreme precipitation was facilitated by increased precipitation efficiency, reflecting accelerated rates of recycling of precipitation cloud water (both liquid and ice phases) in regions with colder anvil cloud tops. Changes in the vertical profiles of clouds, condensation heating, and vertical motions indicate increasing precipitation–cloud–circulation organization from the control and P4K to 4xCO 2 . The results suggest that large-scale ocean warming, that is, P4K, was the primary cause contributing to an organization structure resembling the well-known mesoscale convective system (MCS), with increased extreme precipitation on shorter (hourly to daily) time scales. Additional 4xCO 2 atmospheric radiative heating and dynamically consistent anomalous SST further amplified the MCS organization under P4K. Analyses of the surface moist static energy distribution show that increases in the surface moisture (temperature) under P4K and 4xCO 2 was the key driver leading to enhanced convective instability over tropical ocean (land). However, a fast and large increase in the land surface temperature and lack of available local moisture resulted in a strong reduction in the land surface relative humidity, reflecting severe drying and enhanced convective inhibition (CIN). It is argued that very extreme and rare “record-breaking” precipitation events found over land under P4K, and more so under 4xCO 2 , are likely due to the delayed onset of deep convection, that is, the longer the suppression of deep convection by CIN, the more severe the extreme precipitation when it eventually occurs, due to the release of a large amount of stored surplus convective available potential energy in the lower troposphere during prolonged CIN.

54 ENVIRONMENTAL SCIENCES↗

Cost Analysis of Annual and Monthly Net Zero Energy Performance for Multifamily Buildings in the United States

As the United States continues its progress toward sustainable construction, net zero building design is becoming an increasingly important and popular topic. Two definitions of net zero energy performance, monthly and annual, provide different levels of energy autonomy and efficiency within a building. This article analyzes the viability and incremental cost for two-, three-, and four-story multifamily apartment buildings to reach both annual and monthly net zero energy performance throughout four climate zones in the United States using baseline reference buildings that represent current construction practices. Building size plays a large role in determining the capability for a building model to reach annual or monthly net zero. Two-story buildings are capable of reaching annual net zero with an increase in construction cost of about 4.4–5.6%. Three-story buildings in warmer climates can achieve annual net zero with an increase of about 5.1%, but models in colder climates cannot reach annual net zero performance. Four-story buildings cannot achieve net zero, owing to insufficient building area for solar arrays to produce electricity. Monthly net zero energy performance was significantly harder to achieve, with the only case reaching this goal being the two-story Houston based model, at an added cost of 8.2%. Generally speaking, only small buildings in warm climates will be able to achieve monthly net zero without vastly oversizing photovoltaic systems and increasing costs without adequate payback.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Financial-technical co-design for capital-intensive, resource-responsive energy systems

Because of their capital-intensive operation, wind energy systems that are competitive in terms of the cost of the energy that they produce lead to risk-reward trade-offs that make their business cases less favorable than those of conventional energy generation technologies. However, wind energy systems tend to be designed to maximize energy production or minimize cost of energy rather than to maximize their business cases. In this work, we attempt to exploit designs specifically tailored to business cases. We develop a novel framework for analyzing energy systems that ties their design variables to monthly operating incomes using simple models and historical hourly market and resource data. Using this approach, we demonstrate that for a wind site with abundant wind resource in the California Independent System Operator market, we can control the trade-off between mean and 5th percentile monthly returns by choosing the specific power of the turbine at a fixed modeled initial capital cost. Our framework gives a measure of the risk-reward spectrum of energy generation assets that could be built at a given site with respect to the sub-annual resource/market variation.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Characterization of turbulence under different stability conditions using lidar scanning data

The spatiotemporal scales of turbulence in the boundary layer flow vary with the static stability of the atmosphere. For example, turbulence structures in unstable conditions are often found to be large and coherent, whereas the turbulent structures in stable conditions are relatively small and sporadic. To better understand the behavior of such turbulent structures under different atmospheric stability conditions in the lower atmosphere, herein, we use scanning lidar data collected over several months during the US Department of Energy's second Wind Forecast Improvement Project (WFIP 2) in 2016. The radial velocity data from scanning lidar were gathered along the horizontal plane (PPI mode) and were analyzed using proper orthogonal decomposition (POD) and spectral energy methods. The results from these analyses show that the turbulent structures in daytime unstable conditions are different from those present during nighttime stable conditions in terms of amount of energy and coherent structures. The POD energy is distributed more evenly in all the higher spatial modes in the daytime unstable case compared to the nighttime stable case. Besides characterizing the turbulence in the flow, the lidar data were also used to compare the simulated flow field generated from the WRF-LES framework (Weather Research and Forecasting - large-eddy simulation) with the scanning lidar data. The results from both simulated and lidar scanned data show similar structures orienting the streak-like structure along the mean wind. This indicates that the streak-like structures can exist in the real atmosphere during unstable atmospheric condition cases.

Rai, Raj K.↗

Oil price states and drivers: An analysis of the second-month spot-futures price differential

Oil remains a dominant component of global energy use, and its price, characterized by frequent changes and an ever-present potential for large swings, continues to be a focus of industry participants, policymakers and analysts attention. Here, this study examines the behavior of future spot oil prices using a continuous-time hidden Markov model (HMM) and daily price data spanning years 2007 to 2024. We identify six states in the second-month WTI spot-futures price differential and assess the roles of eleven futures price, quantity, financial market, and geopolitical/volatility variables in each state. The model yields several insights into the workings of the oil market and the relative roles of these drivers. We find support for several theoretical and empirical findings in the oil market literature, including the role of inventory, volatility/risk, and market responses to contango/backwardation in futures markets. A novel finding is that “normal contango” conditions represent a significant portion of next-day states in our in-sample data. Under the most volatile normal contango state, many of the oil market drivers differ markedly in coefficient signs and magnitudes from those in other states. The resulting model also performed well out-of-sample and would, in addition to understanding the impact of market drivers, be useful for short-term forecasting. Overall, the findings highlight the highly non-linear, regime-dependent interactions of the oil price and its drivers, emphasizing the importance of detailed information to market stakeholders.

Oladosu, Gbadebo A. [Oak Ridge National Laboratory↗

Weatherization Assistant NEAT/MHEA

The software provides a measure selection technique indicating cost effective retrofit activities that can be applied to a home using a standard Savings to Investment Ratio (SIR). Users must provide an input file describing the characteristics of the home to be evaluated. The software takes the input data provided and calculates energy savings and cost savings predicted for a standard set of measures given the input parameters. The Weatherization Assistant computes estimates of pre-retrofit whole building space heating and cooling energy consumptions based on the house description data supplied by the user. The consumptions are computed using a monthly heating and cooling variable base degree-day method by algorithms similar to those developed for the CIRA program [LBL, 1982]. The building consumptions are needed in computing the energy savings from measures affecting the efficiencies of the heating and cooling equipment. Weatherization Assistant then computes the energy savings and costs for each individual measure applicable to the building described as if it were the only measure installed in the house. From these energy savings, a discounted dollar savings over the life of each measure is computed. The ratio of this dollar savings to the cost of installing the measure, the "savings-to-investment ratio" (SIR), is used in an initial ranking of the measures' effectiveness. The "interacted" savings and SIR of measures are then determined assuming the measures are added to the house collectively, in order of their ranking, e.g., the second ranked measure is installed in the house initially described by the user after having been modified by the first ranked measure. If this second-ranked measure's updated SIR is greater than a user-defined limit, the measure is left implemented, else it is removed so that the next measure's effectiveness is not dependent on it. The choice between two mutually exclusive measures (such as different levels of insulation) is made on the basis of their "net present value" (NPV), the difference of life-time savings and installation cost, rather than their SIR. This has been shown to be the more correct criterion on which to base the selection between two measures, both of which cannot be installed. The audit computes and reports to the user the energy savings, discounted dollar savings, installation cost, and SIR for each measure considered cost-effective. For those with SIR greater than the user-designated cutoff, a materials list gives the material name, type, and quantity required for installation of the measure. Weatherization Assistant permits entry of pre-retrofit billing data for gas or electrically heated homes or homes with electric air-conditioning. The user may then make the decision to have the savings of the measures adjusted to reflect the difference in billed consumption and that predicted by the program.

Gettings, Michael↗