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DOE OSTI · 1838119

Emerging Energy Market Analysis Initiative, Methodological Framework

Aumeier, Steven E.·Shropshire, David E.·Allen, Todd·Araújo, Kathleen·Bell, Christi·Craig, Michael·Parsons, John·Righetti, Tara
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Abstract

Planning and operations of the electric power sector are undergoing radical changes. Climate change mitigation efforts have forced rapid changes to the technology mix. Technologies like wind and solar have experienced rapid growth, while investment in fossil sources has peaked or is declining. These foundational changes are forcing changes to energy systems. Demand-side adoption of electrified technologies, including electric vehicles, is changing load profiles and opening up new avenues for consumer participation in the power systems. The implications of an evolving power system pertain to more than environmental and technical dimensions. Changes to the generation mix and its consequent upstream and downstream impacts such as fuel production have significant and highly concentrated consequences on economies and employment. Shifts towards distributed (or decentralized) generating assets offer the potential to reshape economic and employment opportunities associated with the energy sector across space and socioeconomic groups. The Emerging Energy Market Analysis (EMA) initiative aims to identify sustainable, regionally acceptable, and high-value energy solutions that are secure and equitable. Unlike short-term, least-cost choices that can narrowly account for traditional options, EMA’s focus on emerging energy markets recognizes that new or adapted practices and technologies can alter the frontier of solutions and advance a community’s social, economic, and natural pathways. Such change requires a more comprehensive analysis of societal input, resources, capabilities, and infrastructure. These considerations lay the foundation for community decision-making models that are responsive to community values as well as the history and drivers. The result is a community-based decision and engagement model that will be valuable to decisionmakers and developers of advanced and emerging energy solutions, seeking a social license to operate prior to project development.

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21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS29 ENERGY PLANNING, POLICY, AND ECONOMYcommunity profilesdemand modellingeconomic analysisenvironmental analysismulticriteria decision makingregulatoryresiliencesocial analysissocial license

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Aumeier, Steven E., Shropshire, David E., Allen, Todd, Araújo, Kathleen, Bell, Christi, Craig, Michael, Parsons, John, Righetti, Tara. 2021-11-30. Emerging Energy Market Analysis Initiative, Methodological Framework. https://doi.org/10.2172/1838119

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