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Murphy, Caitlin

Publications and source records attributed to Murphy, Caitlin.

At least 19 records

Getting to 100%: Six Strategies for the Challenging Last 10%

This presentation summarizes the challenge of decarbonizing the last 10%" of the power system and discusses six strategies for addressing that challenge. This presentation was given at the IRA, BIL, and the Future of Energy: A Summit to Support State Implementation" workshop in Washington, D.C., in April 2024.

carbon capture↗

Impacts of the Inflation Reduction Act on Consumer Energy Expenditures

The Inflation Reduction Act introduced or expanded a suite of federal tax credits for clean electricity generation and customer adoption of electric (and other highly efficient) end-use equipment. These incentives are expected to drive changes in both the electricity generation mix and demand for electricity (especially for space heating and light-duty vehicles), which are highly interconnected. In this session, Caitlin Murphy, Group Manager and Senior Analyst in NREL's Strategic Energy Analysis Center, will present findings from her team's recent state-level analysis on the combined effects of various IRA incentives on customer expenditures for electricity, natural gas, and gasoline. She will present and explain the regional variations observed in their analysis, based on interactions between end-use equipment cost and performance and projections for future energy prices.

air source heat pump↗

Advanced Guide to Understanding Power System Model Results for Long-Term Resource Plans

This guide is for public utility commission staff, state energy office staff, and other stakeholders who review model results for utility integrated resource plans (IRPs). It builds on the "Beginner's Guide to Understanding Power System Model Results for Long-Term Resource Plans," and delves into more advanced topics that were not included or not fully covered in the beginner's guide. The topics included here are evolving and may or may not be important to the resource plan you are evaluating. Due to limitations in resources, it's also not possible to give the highest level of detail or attention to every topic within a plan. An important part of planning for an uncertain future involves deciding which topics deserve the most focus and resources. It's all about prioritizing efforts where they will have the most impact or be most beneficial despite uncertainties ahead. As with the beginner's guide, we intend for this guide to help improve decision-making in the electricity planning process by strengthening understanding and dialogue between electricity system planners and relevant stakeholders. The following information is designed to allow you to better engage in the planning process by evaluating results, asking questions, and thinking through what is most important. We allocate significant discussion in the guide to electricity demand evolution, demand-side resources, and resource adequacy. These topics have garnered increasing attention, hence their prominence in this guide. Other topics are also presented, but their incorporation into the planning process might vary based on interest and relevance. The absence of certain topics doesn't diminish their importance; rather, it reflects the reality that in planning, trade-offs necessitate prioritizing certain aspects over others.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Beginner's Guide to Understanding Power System Model Results for Long-Term Resource Plans

This presentation summarizes a recently published beginner's guide for understanding power system model results for long-term resource plans. This guide is designed to improve decision-making in the electricity planning process by strengthening dialogue between system planners and relevant stakeholders. It focuses on interpreting scenario results generated by power system planning models. These results are often used to inform integrated resource plans, which are long-term plans for a utility to meet future electricity requirements. Whether you are a state utility commissioner, commission staff, part of a state energy office, an intervenor in the planning process, or another stakeholder, this guide is designed to help you better weigh in on the modeling methods or interpret the model results to improve decision-making. This guide can enhance your understanding to ask the right questions, which can enable better understanding of results and key assumptions, data, and methods.

ENERGY PLANNING, POLICY, AND ECONOMY↗

Beginner's Guide to Understanding Power System Model Results for Long-Term Resource Plans

This guide was developed to improve decision-making in the electricity planning process by strengthening dialogue between electricity system planners and stakeholders throughout the process. This document was created for anyone who is first getting exposed to scenario results from power system planning models, or for those who are beginning to interact with power system modelers. It does not assume any experience with power system modeling, or familiarity with electricity planning concepts. This guide can be helpful to a wide range of people, including but not limited to state utility commissioners and commission staff, state energy offices, and intervenors in the planning process. It is targeted to those who are evaluating or reviewing model results presented by a utility, which typically span utility-scale generation and storage (and associated transmission) assets. This guide is designed to provide enough background and guidance that stakeholders can formulate and ask questions to evaluate model results through a deeper understanding of the key assumptions, data, and methods that drive decision outcomes. The ultimate purpose of this work is to increase transparency in the electricity planning process by enabling stakeholders to better engage and evaluate model results. A follow-on guide will provide a deeper dive into emerging topics, which are expected to become more prominent in the electricity planning process, but whose methods and approaches are still being refined.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

2023 Standard Scenarios Report: A U.S. Electricity Sector Outlook

This report, originally published in December 2023, has been revised in January 2024. There were three changes in the revision. First, Anthony Lopez was added as a contributing author, as he had been erroneously omitted in the original publication. Second, in appendix section A.1 the cost of upgrading a hydrogen combustion turbine from a natural gas turbine was erroneously reported as 20% when it should have been 33%. Lastly, appendix Figure A-8 was erroneously a duplication of the same figure from the Standard Scenarios 2022, it has now been updated to reflect this year’s data.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Nuclear Power's Future Role in a Decarbonized U.S. Electricity System

This study explores the potential future role of nuclear energy in a decarbonized U.S. electricity system through a multi-model comparison approach. We employ four state-of-the-art CEMs with native and harmonized input assumptions, layered with different policy and technology trajectories. Comparing outputs across models, technology assumptions, and policy scenarios informs model understanding, interpretation, and development decisions. Under current policies, models differ in their projections for nuclear retirements, but nuclear power plants consistently run with high capacity factors and new builds only occur in scenarios with very low nuclear costs. String power sector carbon policies drive models to align in keeping existing nuclear capacity and employing nuclear plant flexibility, but they may not be enough to bring new nuclear capacity online in the absence of significant cost declines. Therefore, significant economic deployment of new nuclear capacity requires both a stringent electric sector CO2 policy and very low cost assumptions for new nuclear. While these scenarios should not be interpreted as predictions, they are informative for understanding differing model assessments of the relative competitiveness of nuclear energy under a range of policy and technology conditions.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Implementing the Inflation Reduction Act: What We Expect and How We Might Get There

This presentation summarizes findings from three related studies: Evaluating Impacts of the Inflation Reduction Act and Bipartisan Infrastructure Law on the U.S. Power System; The Roles and Impacts of PV-Battery Hybrids in a Decarbonized U.S. Electricity Supply; and Optimal Design and Deployment of Wind-Solar Hybrids in Low-Carbon U.S. Power System. The compilation of results from these three studies indicate that the Inflation Reduction Act could drive significant deployment of variable renewable energy technologies, but the level of deployment depends on our ability to build new transmission projects (among other factors). Hybrid systems can help, to an extent, to facilitate greater shares of wind/solar with lesser amounts of transmission expansion.

Bipartisan Infrastructure Law↗

2023 Annual Technology Baseline (ATB) Cost and Performance Data for Electricity Generation Technologies

These data provide the 2023 update of the Electricity Annual Technology Baseline (ATB). Starting in 2015 NREL has presented the ATB, consisting of detailed cost and performance data, both current and projected, for electricity generation and storage technologies. The ATB products now include data (Excel workbook, Tableau workbooks, and structured summary csv files), as well as documentation and user engagement via a website, presentation, and webinar. Starting in 2021, the data are cloud optimized and provided in the OEDI data lake. The data for 2015 - 2020 are can be found on the NREL Data Search Page. The website documentation can be found on the ATB Website.

Array↗

Complementarity of Renewable Energy-Based Hybrid Systems

Increased attention has focused on scenarios of rapid and deep decarbonization of the U.S. electricity supply, with least-cost solutions typically involving significant expansion of renewable energy, energy storage, and transmission assets. Strategies that enable the integration of renewable energy projects while minimizing transmission expansion could be especially valuable in the future. It is within this context that the concept of hybrid power plants (or hybrid energy systems) has gained prominence. One specific example is the FlexPower concept, which seeks to demonstrate how coupling variable renewable energy (VRE) and energy storage technologies can result in renewable-based hybrid power plants that provide full dispatchability and a full range of reliability and resiliency services, similar to or better than fuel-based power plants.

13 HYDRO ENERGY↗

Impacts of hybridization and forecast errors on the probabilistic capacity credit of batteries

Battery storage is increasingly identified as being among the least-cost mix of technologies in the evolving U.S. electricity mix. This study explores the marginal capacity credit of batteries using a probabilistic, reliability-based, effective firm capacity method, which we apply for multiple battery power ratings, durations, coupling types, deployment locations, and dispatch profiles within a test system that is based on the Texas Interconnection in the year 2024. We find that the capacity credits for all battery durations depend on their ability to predict the timing of reliability events. Even 1-2 h forecast errors - resulting in early or delayed battery discharging relative to the onset of a reliability event - lead pronounced capacity credit reductions, especially for 4-h duration batteries. Coupling batteries with solar mitigates the uncertainty associated with a shorter-duration battery's availability during reliability events, primarily due to the relatively high solar capacity credit in our test system. Coupled (or hybrid) system designs with oversized solar arrays, the ability to charge the coupled battery with grid energy, and larger batteries lead to the greatest capacity credit benefits of hybridization. We do not see evidence that the hybrid capacity credit exceeds the sum of the separate battery and solar capacity credits.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Future of Electrification

This presentation summarizes some of the findings from the Electrification Futures Study.

electrification↗

The Potential Role for New Nuclear in the U.S. Power System: A View from Electricity System Modelers

There are diverse views on the role nuclear power might play in a decarbonized energy system, with some vocal viewpoints suggesting nuclear should either have no role or that nuclear should be a key pillar. Here we present a perspective on the role of nuclear power based on our collective experience in modeling nuclear power within the decarbonized U.S. power systems. We summarize the costs of current reactor development projects, and compare their stated costs with the costs that our models indicate is necessary in order to see deployment of new nuclear. We also discuss aspects of new nuclear deployment that are not included in our models but can influence decisions about whether to invest in new nuclear capacity.

decarbonization↗

Evaluating Impacts of the Inflation Reduction Act and Bipartisan Infrastructure Law on the U.S. Power System

The Inflation Reduction Act of 2022 (IRA) and the Infrastructure Investment and Jobs Act of 2021, commonly referred to as the 'Bipartisan Infrastructure Law (BIL),' collectively represent the largest commitment of the U.S. Federal Government to invest in the modernization and decarbonization of the U.S. energy system. The Congressional Budget Office (CBO) estimates that total support for the broad range of climate and clean energy programs, tax credits, and other incentives authorized through the two laws will exceed $430 billion from 2022 through 2031 (CRS 2022; CBO 2021, 2022). While the climate and clean energy provisions are numerous and have the potential to impact all aspects of the U.S. energy system from fuel and electricity production to final consumption in industry, transportation, and buildings, the provisions relevant to the electricity sector - in particular the suite of tax credits for clean generation, storage, and carbon dioxide ( CO 2 ) capture and storage - are expected to be some of the most consequential in terms of emissions reduction and clean energy deployment (Larsen et al. 2022; Jenkins, Mayfield, et al. 2022; Mahajan et al. 2022; Zhao et al. 2022). In this report, we detail the methods and results of a study estimating the potential impacts of key provisions of IRA and BIL on the contiguous U.S. power sector from present day through 2030. The analysis employs an advanced power system planning model, the Regional Energy Deployment System (ReEDS), to evaluate how major provisions from both laws impact investment in and operation of utility-scale generation, storage, and transmission, and, in turn, how those changes impact power system costs, emissions, and climate and health damages. While not exhaustive in capturing every provision, the analysis estimates the possible scale of power-sector impacts that could result from the modeled provisions in IRA and BIL. The study is structured around two scenarios to evaluate the potential impacts of both laws on the power sector: 1) No New Policy: A counter-factual scenario that reflects all Federal and state policies enacted as of September 2022, with exception to IRA and BIL, and assumes load growth consistent with the Energy Information Administration's Annual Energy Outlook 2022 (AEO22) Reference case (EIA 2022a); 2) IRA-BIL: A scenario reflecting all Federal and state policies enacted as of September 2022, including key IRA and BIL provisions, most notably the investment and production tax credits for zero-carbon emitting electricity generation and storage (ITC and PTC), the tax credit for CO 2 capture and storage (45Q), and the tax credit for existing nuclear plants (described further in Section 2.3). To account for the impacts of IRA and BIL on electrification, assumes increased load growth consistent with a scaled version of the Medium Electrification scenario from the Electrification Futures Study (Mai et al. 2018). These scenarios are simulated across seven sets of assumptions with varying projected future electricity market conditions, including technology costs and performance, natural gas prices, and the degree of availability, feasibility, and cost of development of renewable resources, electricity transmission, and CO 2 pipeline, injection, and storage infrastructure. In addition, we simulate two sensitivities on the 'policy' treatment in which we vary key assumptions pertaining to the realized value of the clean electricity ITC and PTC: 1) the cost of monetization of tax credits, and 2) the level of bonus crediting realized by project developers. We demonstrate that IRA and BIL have the collective potential to drive substantial growth in clean electricity by 2030, while reducing costs for consumers, mitigating climate change, and decreasing the human health impacts of power sector emissions. However, we also demonstrate that if expected cost improvements of clean technologies are not realized and/or constraints on deployment driven by factors such as supply-chain challenges, regulatory hurdles, and the social acceptability of energy infrastructure development limit the rate of clean energy and associated infrastructure deployment (such as transmission), then the share of clean generation achieved and the associated emissions benefits realized may be substantively reduced.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

2022 Standard Scenarios Report: A U.S. Electricity Sector Outlook

This report documents the eighth edition of the annual Standard Scenarios. It summarizes 70 forward-looking scenarios of the U.S. electricity sector that have been designed to capture a wide range of possible futures. In August 2022, the United States Congress passed the Inflation Reduction Act (IRA), a law aimed at accelerating U.S. decarbonization, clean energy manufacturing, and deployment of new power and end-use technologies. This year’s scenarios include representations of the main electricity-sector provisions from IRA and the potential impact on electricity demand. The Standard Scenarios are simulated using the Regional Energy Deployment System (ReEDS) model, which projects utility-scale electricity sector evolution for the contiguous United States using a system-wide, least-cost approach subject to policy and operational constraints. A subset of the scenarios are simulated in the PLEXOS production cost model to obtain a broader suite of metrics at the hourly resolution, which are made available through the National Renewable Energy Laboratory’s (NREL’s) annual Cambium data sets. The scenarios can be viewed and downloaded from NREL’s Scenario Viewer. Annual results are available for the full suite of scenarios in the Standard Scenarios projects in the viewer, whereas the Cambium projects contain hourly data for a subset of scenarios. The Standard Scenarios includes a scenario called the Mid-case, which has central or median values for core inputs such as technology costs and fuel prices, moderately paced demand growth averaging 1.3% per year, and electricity sector policies as they existed in September 2022 (including IRA). The remaining 69 scenarios are created by varying inputs such as technology and fuel prices, resource availability, demand growth, whether nascent generation technologies are allowed, and by introducing national decarbonization constraints.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Nuclear's Role in the U.S. Electricity System: A Multi-Model Inter-Comparison Analysis

A variety of US electric power sector capacity expansion models are used by decision makers and analysts to evaluate competition among generation, transmission, and storage technologies to meeting the demands of the system. CEMs use least-cost optimization to identify optimal portfolios of investments capable of satisfying all specified requirements. While CEMs are a useful tool to inform pathways to meet future needs, projections can differ significantly between tools for apparently similar scenario assumptions. Differences in model structure, scope, and input assumption contribute to this issue. This work compares model response with harmonization between four modeling teams on issues significant to the representation and development of nuclear energy.

capacity expansion model↗