Search NASA⌕ Search

SEARCH · Search NASA

Results for “financial modeling”

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.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 181 records · Page 10

A Strategic Condition Framework for Energy Innovation

Building upon previous work in innovation, technology, and economic fields, we propose a conceptual framework to address the interplay dynamics of public policy and the value chains of clean energy technology innovation systems, by focusing on market structural and strategic conditions in relation to the rate and direction of knowledge diffusion within activity-based value chains. Our framework extends beyond socio-technical transition models by considering such nuances as: 1) the implications of geography, 2) the locus of knowledge types, 3) the dynamics of financial and knowledge flow, and 4) emphasizing the importance of both market structure and institutional conditions. At the firm level, we consider dynamics of interactions between suppliers and customers, innovation activities, the competitive environment, and the firm’s broader strategic relationship to governance activities and structures; we allow for the fact that each of these aspects of a firm’s identity may have a strategically relevant geographic dimension (e.g., service territories, locational concentration of input resources, etc.). We provide a proof-of-concept application of the U.S. utility-scale solar photovoltaic (PV) and onshore wind sectors, including their interactions with the U.S. power market, which we in present in a web-based information platform (Energy I-SPARK, ei-spark.lbl.gov).

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Q1 2023 U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks With Minimum Sustainable Price Analysis Data File

The U.S. Department of Energy's (DOE's) Solar Energy Technologies Office (SETO) aims to accelerate the advancement and deployment of solar technology in support of an equitable transition to a decarbonized economy no later than 2050, starting with a decarbonized power sector by 2035. Its approach to achieving this goal includes driving innovations in technology, hardware, and soft cost reductions to make solar affordable and accessible for all. As part of this effort, SETO must track solar cost trends so it can focus its research and development (R&D) on the highest-impact activities. The benchmarks in this report are bottom-up cost estimates of all major inputs to PV and energy storage system installations. Bottom-up costs are based on national averages and do not necessarily represent typical costs in all local markets. Like last year's report, this year's report includes two distinct sets of benchmarks: minimum sustainable price (MSP) benchmarks and modeled market price (MMP) benchmarks. MSP benchmarks can be interpreted as the minimum price a company needs to charge to remain financially solvent in the long term based on the minimum sustainable prices of all inputs including minimum sustainable profit margins. MMP benchmarks can be interpreted as the actual cash sales price a company charges in the given benchmark period. These simplified estimates are useful for tracking technological progress, but they do not reflect all experiences. In fact, no individual estimate under any approach can reflect the diversity of the PV and storage manufacturing and installation industries.

14 SOLAR ENERGY↗

Carbon storage cost modeling for the offshore Gulf of America

At the 2025 Annual University of Houston ROICE Workshop, Dr. Chung Shih delivered an invited talk titled "Carbon Storage Cost Modeling for the Offshore Gulf of America." This presentation highlighted the capabilities of NETL's offshore saline carbon storage cost model (CO2_S_COM_Offshore) in evaluating the economics of both new and reused storage infrastructure. While primarily intended for screening-level analysis, the model comprehensively considers critical components such as onshore facilities, pipelines connecting shore to offshore platforms, main platforms, and satellite platforms. Additionally, its integrated cashflow model encompasses the entire project lifecycle, from initial site screening to post-injection site care, providing users with a thorough understanding of how various operational or financial parameters impact project economics.

cost modeling↗

Triple Effect Economics: How Do Electric Vehicles, Solar Photovoltaics, and Work-from-Home Transform Household Electricity Cost?

Solutions for deep decarbonization need to be affordable as well as sustainable to garner widespread adoption. The past two decades have seen the introduction of new technologies and paradigms such as electric vehicles (EVs), solar photovoltaics (PVs), and increased work-from-home (WFH), which impact a household's overall energy consumption and cost in different ways. However, much attention has not been paid to explore the joint impact these technologies have on a household's electricity cost burden. Leveraging the 2020 Residential Energy Consumption Survey (RECS), this study presents an integrated model to unravel the extent to which the bundled adoption of EV-PV and stay-at-home decisions impact the total electricity cost of households. National level RECS data revealed that, compared to the baseline (i.e., households that did not own any of these technologies), households that own EVs, PVs, and engage in WFH observed a 13.5% decline in their electricity bills, despite a 25% increase in electricity consumption. The model results indicated that bundled adoption of EVs-PVs reduces electricity costs more significantly for a household, compared to the increased costs imposed by more household members staying at home. This holistic assessment presents an opportunity for decision makers to contextualize the changing energy costs and design effective strategies to foster a sustainable and cost saving mechanism. Policies such as bundled incentivization to motivate co-adoption, education about energy-management strategies, and add-on subsidies to adopt energy-efficient appliances, will not only accelerate decarbonization but increase household financial savings.

ADVANCED PROPULSION SYSTEMS,ENERGY PLANNING, POLIC↗

High-Octane Gasoline from Lignocellulosic Biomass via Syngas and Methanol/Dimethyl Ether Intermediates (2021 State of Technology)

The 2021 state of technology (SOT) assessment for the indirect liquefaction (IDL) of lignocellulosic biomass to high-octane gasoline (HOG) via methanol and dimethyl ether (DME) intermediates details the techno-economic analysis (TEA) results and technical progress of the pathway since the 2020 SOT report. A detailed process description and collection of underlying assumptions is given the 2015 design report. In 2021, research efforts rigorously quantified the selectivity of DME to aromatic compounds. As a result, the overall carbon selectivity to hydrocarbon products was updated based upon new findings. Additionally, research conducted over the past few years resulted in successful lower temperature regeneration of NREL's Cu/BEA catalyst with favorable implications on catalyst longevity. Discussions with an engineering firm resulted in an update to the excess air requirement for process combustors (including the char combustor, tar reformer combustor, and catalyst regenerator) in which excess air was reduced from 20% excess to 10%. The cumulative effect of the above efforts was used to calculate a minimum fuel selling price for the modeled pathway. Sensitivity cases examining federal carbon tax credits from CO 2 capture, product selectivity and yield, catalyst lifetime, and other key financial and process parameters were also considered in this assessment.

09 BIOMASS FUELS↗

Developing Methane Emissions Inventories by Fusing Airborne, Satellite, and Modeled Assessments: Comprehensive Surveys of the Anadarko and Haynesville Basin

The objective of this program is to create basin-specific methane emissions inventories of the Haynesville and Anadarko (Woodford shale) basins, based on truly basin-scale data collection and analysis. Emissions of natural gas, predominantly composed of methane, present a significant financial loss to the oil and gas sector and reduce the competitiveness of American energy sources. While large emissions, above 10 kg/h, occur at only a small percentage of oil and gas sites, they account for a disproportionately large volume of emissions. To address this, we executed a concurrent campaign combining cutting-edge bottom-up modeling with top-down aerial and satellite surveys to capture the heavy-tailed distribution of these large emissions to accurately characterize total emissions throughout both regions.

03 NATURAL GAS↗

Artificial ground reflector size and position effects on energy yield and economics of single‐axis‐tracked bifacial photovoltaics

Abstract Artificial ground reflectors improve bifacial energy yield by increasing both front and rear‐incident irradiance. Studies have demonstrated an increase in energy yield due to the addition of artificial reflectors; however, they have not addressed the effect of varying reflector dimensions and placement on system performance and the impact of these parameters on the reflectors' financial viability. We studied the effect of high albedo (70% reflective) artificial reflectors on single‐axis‐tracked bifacial photovoltaic systems through ray‐trace modeling and field measurements. In the field, we tested a range of reflector configurations by varying reflector size and placement and demonstrated that reflectors increased daily energy yield up to 6.2% relative to natural albedo for PERC modules. To confirm the accuracy of our model, we compared modeled and measured power and found a root mean square error (RMSE) of 5.4% on an hourly basis. We modeled a typical meteorological year in Golden, Colorado, to demonstrate the effects of artificial reflectors under a wide range of operating conditions. Seventy percent reflective material can increase total incident irradiance by 1.9%–8.6% and total energy yield by 0.9%–4.5% annually after clipping is considered with a DC–AC ratio of 1.2. Clipping has a significant effect on reflector impact and must be included when assessing reflector viability because it reduces reflector energy gain. We calculated a maximum viable cost for these improvements of up to $2.50–4.60/m 2 , including both material and installation, in Golden. We expanded our analysis to cover a latitude range of 32–48°N and demonstrated that higher‐latitude installations with lower energy yield and higher diffuse irradiance content can support higher reflector costs. In both modeling and field tests, and for all locations, the ideal placement of the reflectors was found to be directly underneath the module due to the optimized rear irradiance increase.

14 SOLAR ENERGY↗

The evolving role of geothermal energy for decarbonizing the United States

Geothermal energy is often referred to as a niche technology that is too localized, too small or too expensive to make much of a difference in how renewable energy will be supplied in a fully decarbonized future. As a result, geothermal energy has been undervalued in terms of what it could provide to complement, rather than compete with, electricity generation from wind, solar photovoltaic, concentrating solar power and other renewables. Geothermal energy systems are fully dispatchable and can provide baseload or load-following electric power or heat suitable for a wide range of applications including supplying district heating for communities and cities, and heating and cooling of individual buildings. The focus of our study is on the potential of utilizing geothermal energy for providing heat for buildings and industry at lower temperatures, a substitute for the combustion of fossil fuels. Because heating represents about 20% (20 EJ per year) of the annual primary energy consumption in the U.S.—with most of it coming from burning natural gas, oil and/or propane in furnaces—deploying geothermal heating on a national scale could have a significant impact on lowering carbon emissions. In heating-dominated states in the U.S. Northern Tier, heating often is among the largest contributors to the state's carbon footprint. This review begins with a discussion of the motivation and rationale behind considering geothermal as a key low-carbon heating option for the U.S. The study summarizes the U.S. geothermal resource and describes the applications and main engineering components of using geothermal energy for heating and cooling, electric power generation, and co-generation using district heating, geothermal heat pumps, and power conversion with steam flashing and organic Rankine plants. Environmental benefits and impacts are described. An extensive discussion of geologic and thermal-hydraulic aspects of the subsurface is included in the review because of their critical role in determining reservoir designs at specific sites to ensure sufficient productivity that is both safe and economically viable. Models for estimating levelized costs of district heating are used to show how costs are affected by reservoir performance, infrastructure capital costs, and financial parameters. Here, the review concludes with an assessment of technical subsurface issues associated with reservoir performance and the economic requirements for providing geothermal heating in district heating systems at a sufficient scale to have an impact on decarbonizing the U.S.

15 GEOTHERMAL ENERGY↗

A Framework for Optimal Placement of Rooftop Photovoltaic: Maximizing Solar Production and Operational Cost Savings in Residential Communities

Optimizing the placement of photovoltaic (PV) panels on residential buildings has the potential to significantly increase energy efficiency benefits to both homeowners and communities. Strategic PV placement can lower electricity costs by reducing the electricity fed from the grid during on-peak hours, while maintaining PV panel efficiency in terms of the amount of solar radiation received. In this article, we present a framework that identifies the ideal location of PV panels on residential rooftops. Our framework combines energy and environmental simulation, parametric modeling, and optimization to inform PV placement as it relates to and affects the entire community (in terms of both energy use and financial cost), as well as individual buildings. Ensuring that our framework accounts for shading from nearby buildings, different utility rate structures, and different buildings’ energy demand profiles means that existing communities and future housing developments can be optimized for energy savings and PV efficiency. The framework comprises two workflows, each contributing to optimal PV placement with a unique target: (a) maximizing PV panel efficiency (i.e., solar generation) and (b) minimizing operational energy cost considering utility rate structures for operational energy. We apply our framework to a residential community in Fort Collins, Colorado, to demonstrate the optimal PV placement, considering the two workflow targets. Here, we present our results and illustrate the effect of PV location and orientation on solar energy production efficiency and operational energy cost.

14 SOLAR ENERGY↗

Dynamic Asset Allocation with Expected Shortfall via Quantum Annealing

Recent advances in quantum hardware offer new approaches to solve various optimization problems that can be computationally expensive when classical algorithms are employed. We propose a hybrid quantum-classical algorithm to solve a dynamic asset allocation problem where a target return and a target risk metric (expected shortfall) are specified. We propose an iterative algorithm that treats the target return as a constraint in a Markowitz portfolio optimization model, and dynamically adjusts the target return to satisfy the targeted expected shortfall. The Markowitz optimization is formulated as a Quadratic Unconstrained Binary Optimization (QUBO) problem. The use of the expected shortfall risk metric enables the modeling of extreme market events. We compare the results from D-Wave’s 2000Q and Advantage quantum annealers using real-world financial data. Both quantum annealers are able to generate portfolios with more than 80% of the return of the classical optimal solutions, while satisfying the expected shortfall. We observe that experiments on assets with higher correlations tend to perform better, which may help to design practical quantum applications in the near term.

97 MATHEMATICS AND COMPUTING↗

Flexible Financial Credit Agreements: NREL Low- and Moderate-Income Solar Flexible Financing Credit Agreement Rubric

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. The NREL Low- and Moderate-Income Solar Flexible Financing Credit Agreement Rubric brief document is designed to help evaluate innovative strategies for increasing the accessibility of solar and increasing adoption among LMI households. The rubric is modeled after a version developed to support plug-in electric vehicle policy adoption (NASEO and Cadmus).

ENERGY PLANNING, POLICY, AND ECONOMY,SOLAR ENERGY↗

Technoeconomic Opportunity Analysis for Local Power Generation in Falls City, Nebraska

Falls City is a small community in Nebraska interested in understanding how energy from local energy systems could support the community's economic development planning. To address the current community needs and address the future energy demand technical assistance conducted through the Communities Local Energy Action Program (Communities LEAP) assessed the technical and economic opportunities of adding energy technologies to Falls City's municipally owned and operated electric utility system. The modeling performed considered the technical and economic feasibility of technologies using the System Advisor Model (SAM). The modeling explored three technology configurations using multiple years of historical weather and wholesale cost data (2015-2022 & a typical meteorological year), and two different wholesale escalation rates (0.3% and 2.5%). Wholesale energy prices were based on the Southwest Power Pool's (SPP) real-time energy market and the annual escalation rates of these rates based on historical SPP wholesale and national retail electricity price trends. Results from the modeling showed that at current CAPEX costs and SPP wholesale electricity costs no technology combination averaged across the scenarios run provide a positive net present value (NPV). External financial support, changes in market conditions, and additional revenue streams would help create more economically favorable projects. As conditions change re-evaluation may be necessary.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Solar Uncertainty Management and Mitigation for Exceptional Reliability in Grid Operations (SUMMER-GO): Project Final Report

The Solar Uncertainty Management and Mitigation for Exceptional Reliability in Grid Operation (SUMMER-GO) project was recently completed through a collaboration among the National Renewable Energy Laboratory, Maxar, the Electric Reliability Council of Texas (ERCOT), the University of Texas at Dallas, the University of California Berkeley, and the University of Colorado Boulder. The project made significant advances in probabilistic solar power forecasting, both through the development of Bayesian model averaging methods for ensemble forecasting and in bringing these and other advancements into practice with Maxar's delivery of operational forecasts to ERCOT. In addition to creating more reliable solar power forecasts, the project developed methods for their utilization in power system operations. These include the development of risk-aware unit commitment and economic dispatch algorithms and methods to reformulate probabilistic forecasts to be used in these power system operational models. Dynamic power system reserve methods were also developed, which have been shown in silico to create economic savings and reliability improvements on an ERCOT-like system as well as financial savings in the ERCOT system through more granular consideration of the uncertainty associated with solar power forecasts. Finally, a situational awareness tool to help grid operators better understand solar power forecast uncertainty in daily operations was developed and extensively vetted.

14 SOLAR ENERGY↗

Electric Vehicles Charging Time Constrained Deliverable Provision of Secondary Frequency Regulation

Aggregation of electric vehicles (EVs) is a promising technique for providing secondary frequency regulation (SFR) in highly renewable energy-penetrated power systems. Equipped with energy storage devices, EV aggregation can provide reliable SFR. However, the main challenge is to guarantee reliable intra-interval SFR capacities and inter-interval delivery following the automatic generation control (AGC) signal. Furthermore, aggregated EV SFR provision will be further complicated by the EV charging time anxiety because SFR provision might extend EV's charging time. This paper proposes a deliverable EV SFR provision with a charging-time-constrained control strategy. First, a charging-time-constrained EV aggregation is proposed to address the uncertainty of EV capacity based on the state-space model considering the charging-time restriction of EV owners. Second, a real-time economic dispatch and time domain simulation (RTED-TDS) cosimulation framework is proposed to verify financial results and the dynamic performance of the EV SFR provision. Last, the proposed charging time-constrained EV aggregation is validated on the IEEE 39-bus system. In conclusion, the results demonstrate that with charging time-constrained EV aggregation, the dynamic performance of the system can be improved with a marginal increase in total cost. More importantly, the charging time constraint can be respected in the proposed SFR provision of the EV aggregation.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Pilgrim Hot Springs: GEOPHIRES Inputs and Outputs for Direct-Use Geothermal District Heating and Cooling

This dataset includes files for a techno-economic analysis conducted using the GEOPHIRES simulator to examine the feasibility of expanding a larger district heating site in a remote location: Pilgrim Hot Springs, Alaska. Files included here are GEOPHIRES inputs and outputs for five different scenarios with varying demand, cycle, and system design characteristics to analyze. Also included is the link to the GEOPHIRES GitHub, as well as a link to the dataset that contains the energy modelling used to determine the heating demand for the district. For a list of the differences between scenarios, see the included "Input Overview.txt" file. Fields included in the input files are: subsurface technical parameters, surface technical parameters, financial parameters, capital and O&M parameters, as well as simulation parameters. The output files are case reports that summarize all equipment, reservoir characteristics, costs, and heating profiles.

15 GEOTHERMAL ENERGY↗

Game Theory in Cybersecurity: A Review of Applications, Models, and Challenges

There are no aspects of society left unchanged by the Internet. From commerce to communication, from entertainment to engineering, every industry and sphere of influence exists in a new state thanks to the advent of the information age. This convenience, rarely controverted, comes with capricious actors, who wish to gain access to these systems for myriad reasons, be it financial, political, or mere intellectual gain. This paper presents information that can help readers to better understand the fundamentals of cybersecurity from a game theory perspective, such as coalitional games, Colonel Blotto systems, or how to find Nash Equilibrium. This paper also reviews how game theory can enhance understanding of cybersecurity through cooperative and non-cooperative methods, such as information sharing, defense modeling, and attacker analysis. The authors use the analysis to serve as a bridge for those in either field who need a way to best comprehend the methodologies of their contrasting fields.

Egan, Matthew↗

Modeling Marangoni Convection using a Velocity-Time Relationship

The Waste Treatment and Immobilization Plant (WTP) at the U.S. Department of Energy’s (DOE’s) Handford site is designed to treat 56 million gallons of radioactive waste through vitrification. The melting vessels physical and chemical integrity is essential to maintain, as failure has a high safety and financial penalty. Monofrax® K-3 refractory, the material widely used for the melting vessel, undergoes significant corrosion over time, concentrated at the triple-point junction between the gaseous atmosphere, refractory, and glass melt, producing a characteristic neck-like profile that significantly limits refractory service life. Accurate prediction of the corrosion within the melter can be used to prevent this and extend the lifetime of the melters. A computational fluid dynamics (CFD) model was previously developed, and predicted subsurface refractory corrosion, but failed to predict the neck-line profile observed experimentally. To address this limitation, the glass-melt meniscus geometry at the glass-refractory interface was estimated from experimentally measured neck profiles and wettability experiments. A curve was fitted to the neck profile to identify the triple point location, and the meniscus shape was characterized by a contact angle of 1°. A velocity profile accounting for Marangoni convection-driven corrosion was derived from the estimated meniscus geometry. Surface tension measurements from LORPM14R1 glasses of varying composition were coupled with K-3 coupon dissolution rates to establish a surface tension–time relationship. This analytical velocity-time model was integrated into the existing CFD framework to improve prediction of the neck corrosion profile. Work was done in a computational setting with national collaboration, resulting in professional development through presentational and technical writing growth.

36 - MATERIALS SCIENCE↗

A Physics-Based Data-Driven Approach for Modeling of Environmental Degradation in Elastomers

Abstract Elastomers are now commonly used in a number of industries, including aerospace, structure, transportation, shipbuilding, and automotive, due to their excellent workability, formability, and flexibility. During their activity, elastomers are subjected to harsh environmental conditions, which decreases their resilience. False predictions made early in their lives can have major financial and environmental implications. Elastomers’ performance and properties, such as strength, durability, and density, are influenced by chemical changes in these materials, known as degradation, which occurs over time. This process can alter the morphology of a polymer matrix as well as cause chain scission and cross-linking, resulting in different behaviors than that of the unaged material. To demonstrate the effect of thermaloxidative aging on the mechanical behavior of elastomers, several experimental and theoretical models have been proposed. In view of the large volume of experimental data available on micro-structural evolution in the course of aging, we propose a physics-based data-driven approach to overcome the shortcomings of both phenomenological and micro-mechanical models. This work presents a novel thermodynamically consistent, multiagent machine-learned model for predicting the constitutive behavior of cross-linked elastomers during environmental aging, such as thermo-oxidative and hydrolytic aging for various states of deformation. Single mechanism degradation changes the polymer matrix over time where it is causing chain scission, reduction of cross-links, and morphology change. To capture the idealized Mullins effect and permanent set due to the effect of single aging mechanisms on nonlinear mechanical responses of elastomers, we propose a data-driven model for simulating inelastic elements in a polymer matrix. By using a sequential order reduction, we were able to reduce the 3D stress-strain tensor mapping problem to a small number of super-constrained 1D mapping problems. To systematically classify such mapping problems into a few categories, an assembly of multiple replicated conditional neural network learning agents (L-agents) is used based on our recent work. Each category is represented by a different type of agent. The effect of deformation history, aging time, and aging temperature is captured by this model. The model is validated using a broad collection of data, ranging from our experimental results to data from the literature. In addition, thermodynamic consistency and frame independence are investigated. The most significant achievements of this model are its precision, simplicity, and prediction of inelasticity under various states of deformation. The model’s accuracy and simplicity make it a good option for commercial and industrial applications. Conveniently, due to the model modular nature, it can be expanded in the future to include viscoelasticity and non-isotropic formation for better precision.

Ghaderi, Aref↗