Search NASA⌕ Search

SEARCH · Search NASA

Results for “Economic Analysis”

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 217 records · Page 12

An economic analysis of space solar power and its cost competitiveness as a supplemental source of energy for space and ground markets

Economic Growth has been historically associated with nations that first made use of each new energy source. There is no doubt that Solar Power Satellites is high as a potential energy system for the future. A conceptual cost model of the economics value of space solar power (SSP) as a source of complementary power for in-space and ground applications will be discussed. Several financial analysis will be offered based on present and new technological innovations that may compete with or be complementary to present energy market suppliers depending on various institutional arrangements for government and the private sector in a Global Economy. Any of the systems based on fossil fuels such as coal, oil, natural gas, and synthetic fuels share the problem of being finite resources and are subject to ever-increasing cost as they grow ever more scarce with drastic increase in world population. Increasing world population and requirements from emerging underdeveloped countries will also increase overall demand. This paper would compare the future value of SSP with that of other terrestrial renewable energy in distinct geographic markets within the US, in developing countries, Europe, Asia, and Eastern Europe.

electric power inter-regional electricity trading↗

A Comparative Techno-Economic Analysis of Sustainable Methanol Synthesis Pathways from Biomass and CO2

The call to reduce global CO2 emissions is at the forefront of research and development in the transportation and petrochemical industries. A potential solution which intersects both sectors is the adoption and commercialization of more sustainable technologies for methanol production. Currently, methanol is gaining popularity as a possible fuel additive, and as a polymer precursor via established methanol-to-olefins routes which are increasing in capacity and utilization, putting methanol in the spotlight and global methanol production on the rise. At the same time, experimental and computational studies have surged, illuminating a wide array of novel process designs to introduce sustainable methanol into the market. However, with numerous competing pathways identified across a variety of fossil and non-fossil feedstocks, there is a need to harmonize the analyses of these pathways using a consistent techno-economic approach and compare them to current commercial pathways to better understand the benefits or limitations inherent to each technology. In this work we conduct a consistent comparative analysis of three sustainable methanol synthesis pathways versus a commercial baseline, with biomass, CO2, and natural gas as the carbon sources. The three sustainable pathways of interest are biomass gasification to syngas with subsequent catalytic conversion of syngas to methanol, indirect conversion of CO2 to syngas via electrolysis with subsequent catalytic conversion of syngas to methanol, and direct conversion of CO2 to methanol via electrolysis. To elucidate the challenges and opportunities in the path to commercialization of each sustainable pathway, we investigate five key process metrics: production cost, carbon efficiency, carbon intensity, energy efficiency, and technology readiness level (TRL).

biomass↗

Economic analysis of standard interface modules for use with the multi-mission spacecraft, volume 1

A preliminary technical and economic feasibility study was made of the use of Standardized Interstate Modules (SIM) to perform electual interfacing functions that were historically incorporated into sensors. Sensor interface functions that are capable of standardization from the set of missions planned for the NASA Multi-Mission Spacecraft (MMS) in the 1981 to 1985 time period were identified. The cost savings that could be achieved through the replacement of nonstandard sensor interface flight hardware that might be used in these missions with SIM were examined.

Source record↗

Comparative Techno-Economic Analysis of Available Feedstocks for High-Temperature Conversion: Whole Tree Thinnings and Mature Pine Residues

The techno-economic and life cycle implications of utilizing low-cost feedstocks in a high temperature conversion process are of great interest. Here, we investigate the conversion cost impacts of two underutilized feedstocks from the commercial pine industry: 13-year-old whole trees, representing trees removed for the purpose of precommercial thinning, and 23-year-old pine residues, representing a waste stream produced from the deconstruction of mature trees for other purposes. Experimental fast pyrolysis (FP) yields for each feedstock were adjusted to a catalytic fast pyrolysis (CFP) basis and used to estimate process economics by employing published correlations based on rigorous techno-economic modeling. These correlations were used in tandem with results from supply and preprocessing analyses to evaluate the field-to-fuel economics of each feedstock. A small difference in minimum fuel selling price (MFSP) was found between the conversion costs for the two feedstocks, with 23-year-old residues demonstrating a net benefit of $0.27 per gasoline gallon equivalent (GGE) compared to the 13- year-old whole tree thinnings, driven primarily by feedstock supply costs. This suggests that both whole tree thinnings and pine residues may be viable feedstock options for CFP conversion. Life cycle inventories (LCIs) were also generated for each case, enabling a field-to-fuel quantification of the cost and carbon cycle associated with each feedstock.

catalytic fast pyrolysis↗

Economic Analysis of an Electric Thermal Energy Storage System Using Solid Particles for Grid Electricity Storage

As renewable power generation becomes the mainstream new-built energy source, energy storage will become an indispensable need to complement the uncertainty of renewable resources to firm the power supply. When phasing out fossil-fuel power plants to meet the carbon neutral utility target in the midcentury around the world, large capacity of energy storage will be needed to provide reliable grid power. The renewable power integration with storage can support future carbon-free utility and has several significant impacts including increasing the value of renewable generation to the grid, improving the peak-load response, and balancing the electricity supply and demand. Long-duration energy storage (10–100 hours duration) can potentially complement the reduction of fossil-fuel baseload generation that otherwise would risk grid security when a large portion of grid power comes from variable renewable sources. Current energy storage methods based on pumped storage hydropower or batteries have many limitations. Thermal energy storage (TES) has unique advantages in scale and siting flexibility to provide grid-scale storage capacity. A particle-based TES system has promising cost and performance for the future growing energy storage needs. This paper introduces the system and components required for the particle TES to be technically and economically competitive. A technoeconomic analysis based on preliminary component designs and performance shows that the particle TES integrated with an efficient air-Brayton combined cycle power system can provide power for several days by low-cost, high-performance storage cycles. It addresses grid storage needs by enabling large-scale grid integration of intermittent renewables like wind and solar, thereby increasing their grid value. The design specifications and cost estimations of major components in a commercial scale system are presented in this paper. The cost model provides insights for further development and cost comparison with competing technologies.

27 ARPA - Advanced Research Projects Agency-Energy↗

Economic Analysis of a Novel Thermal Energy Storage System Using Solid Particles for Grid Electricity Storage: Preprint

As renewable power generation becomes the mainstream new-built energy source, energy storage will become an indispensable need to complement the uncertainty of renewable resources to firm the power supply. When phasing out fossil-fuel power plants to meet the carbon neutral utility target in the midcentury around the world, large capacity of energy storage will be needed to provide reliable grid power. The integration of renewable power and storage to support future carbon-free utility has several significant and positive impacts including expanding the renewable generation into the grid, improving the peak-load response, and balancing the electricity supply and demand. Long-duration energy storage (10–100 hours duration) can potentially complement the reduction of fossil-fuel baseload generation that otherwise would risk grid security when a large portion of grid power comes from variable renewable sources. Current energy storage methods based on pumped storage hydropower or batteries have many limitations. Thermal energy storage (TES) has unique advantages in scale and siting flexibility to provide grid-scale storage capacity. A particle-based TES system has promising cost and performance for the future growing energy storage needs. This paper introduces the system and components required for the particle TES to be technically and economically competitive. A technoeconomic analysis based on preliminary component designs and performance shows that the particle TES integrated with an efficient air-Brayton combined cycle power system can provide power for several days by low-cost, high-performance storage cycles. It addresses grid storage needs by enabling large-scale grid integration of intermittent renewables like wind and solar, thereby increasing their grid value. The design specifications and cost estimations of major components in a commercial scale system are presented in this paper. The cost model provides insights for further development and cost comparison with competing technologies.

27 ARPA - Advanced Research Projects Agency-Energy↗

MADWEC Techno-Economic Analysis: Cooperative Research and Development Final Report

The objective of this project was for the facility to conduct a techno-economic assessment of the Maximal Asymmetric Drag Wave Energy Converter (MADWEC), developed by the University of Massachusetts Dartmouth (UMass Dartmouth), used for powering remote monitoring and AUV charging systems compared to other existing power supply options. The assessment estimates capital expenditures (CapEx), operational expenditures (OpEx), and power performance for 18 scenarios with the purpose of identifying key cost drivers, comparing total system cost, and comparing the power performance of the power supply options in terms of required installed capacity and estimated theoretical annual energy performance. The scenarios include two end-uses: (1) AUV charging and (2) offshore remote monitoring); three power sources: (1) MADWEC), (2) photovoltaic (PV) solar buoy, (3) and traditional battery swapping); and three locations; (1) nearshore, (2) far-offshore, and (3) high-latitude). In addition, other project goals included developing high level installation, operation, and maintenance plans for each scenario.

16 TIDAL AND WAVE POWER↗

Basic relationships for LTA economic analysis

Operating costs based on data of actual and proposed airships for conventional lighter than air craft (LTA) are presented. An economic comparison of LTA with the B-47F is included, and possible LTA economic trends are discussed.

Ausrotas, R. A.↗

Techno-economic analysis of the impact of dynamic electricity prices on solar penetration in a smart grid environment with distributed energy storage

This study investigates the technical and economic feasibility of using high levels of solar energy penetration up to 400 MW into a smart grid system of 60,000 smart houses. A novel non-cooperative Stackelberg game is introduced that incorporates the profitability of the supply-side and helps in solving problems related to overgeneration and photovoltaic curtailment. The non-cooperative game is intended to find the optimal dynamic prices that would leverage distributed storage through the demand-side to stabilize the power grid operation. Ten cases are studied with five photovoltaic plant sizes and two battery designs. Here, a novel quantitative analysis of high levels of solar penetration as a percentage of the total electricity demand is introduced to evaluate the technical feasibility of the studied cases. To evaluate the economic viability of the proposed smart grid system, four metrics were used: the levelized cost of energy, the levelized cost of storage, the payback period, and the net present value. Two out of ten studied cases were concluded to be the most promising cases, one with a solar photovoltaic plant size of 200 MW and the other with 300 MW. The case with 300 MW solar plant is preferred as it paves the way for more solar energy deployment with a solar penetration percentage up to 67.78%. This case had a payback period of 10.72 years and a net present value of $\$51.44$ M for the solar plant and a payback period of 12.06 years and a net present value of $\$40.75$ M for the demand-side.

14 SOLAR ENERGY↗

Techno-economic analysis of non-aqueous hybrid redox flow batteries

Renewable energy has become indispensable to improving human life, but its growth is hampered by a lack of cost-effective energy storage systems to solve the intermittency problem. Non-aqueous hybrid redox flow batteries (NAqHRFBs), based on lithium metal anode and organic redox molecules (redoxmers), have been investigated as an attractive energy storage option because of their high cell voltages and energy densities compared to other redox flow battery candidates. However, little is known about the economic potential of NAqHRFBs, as well as the operational and materials impacts. This research establishes a techno-economic model to analyze the capital costs of NAqHRFBs with selected organic redoxmers, including 2,2,6,6-tetramethylpiperidine-1-oxyl (TEMPO). Sensitivity analyses for current density, area-specific resistance, cell voltage, electrolyte composition, redoxmer price, and equivalent molecular weight indicate the key factors in controlling NAqHRFB capital cost. To make the current NAqHRFB cost-effective, the first priority is to increase the operation current density over 10 times of those used in lab-scale tests, followed by adjusting redoxmer-related characteristics to afford more cost reduction space such as decreasing the unit price by ~20 fold. The results have shed light on potential material development and system engineering directions to make NAqHRFBs viable for renewable energy storage.

25 ENERGY STORAGE↗

Enabling a Flexible Grid with Increased Penetration of DER: Techno-economic Analysis of Metal Hydride Thermochemical Energy Storage Integrated with Stirling Engine for Grid Energy Storage Applications

This report summarizes the results of a techno-economic assessment of the capital and operational expenses for 3 scenarios utilizing a TES/Stirling engine system which is charged by an electric heater to provide grid power and energy storage. While there are several integration possibilities and material choices that could be utilized in such systems, three difference scenarios were chosen for this assessment to reflect an anticipated deployment of the technology where each might require different TES system configurations. Additionally, an enhanced version of the HTMH is considered to demonstrate the expected impact on costs with further technology development. The predicted capital and operational LCOS for the system configurations range from $0.0198/kWhr e - $0.0734/kWhr e which compare positively to the LCOS for lithium ion battery storage ranging from $0.087/kWhr e – $0.329/kWhr e . The key drivers for cost improvements to the system are material property enhancements in the HTMH primarily related to reducing the costs associated with the HTMH vessel and heat exchangers. This analysis demonstrates the potential benefits and flexibility of integrating a Stirling engine with a metal hydride-based TES system and suggests that the MH TES technology, at its current level of development, provides a highly competitive alternative to lithium ion batteries for large scale grid energy storage applications.

24 POWER TRANSMISSION AND DISTRIBUTION↗

An economic analysis of a commercial approach to the design and fabrication of a space power system

A commercial approach to the design and fabrication of an economical space power system is presented. Cost reductions are projected through the conceptual design of a 2 kW space power system built with the capability for having serviceability. The approach to system costing that is used takes into account both the constraints of operation in space and commercial production engineering approaches. The cost of this power system reflects a variety of cost/benefit tradeoffs that would reduce system cost as a function of system reliability requirements, complexity, and the impact of rigid specifications. A breakdown of the system design, documentation, fabrication, and reliability and quality assurance cost estimates are detailed.

Putney, Z.↗

Economic analysis of aeronautical research and technology

The appropriateness of government intervention in the civilian market for aeronautics research and technology (R&T) is examined. The economic rationale for government intervention is examined. The conclusion is that the institutional role played by NASA in civilian aeronautics R&T markets is economically justified.

Gellman, A. J.↗

Comparative Economic Analysis Between Bioenergy and Forage Types of Switchgrass for Sustainable Biofuel Feedstock Production: A Data Envelopment Analysis and Cost–Benefit Analysis Approach

ABSTRACT The capacity to produce switchgrass efficiently and cost‐effectively across diverse environments can be pivotal in achieving the short‐ and medium‐term Sustainable Aviation Fuel targets set by the U.S. Department of Energy. This study evaluated the economic performance of forage‐ and bioenergy‐type switchgrass cultivars and their response to N fertilization under diverse marginal environments across the US Midwest that included Illinois (IL), Iowa (IA), Nebraska (NE), and South Dakota (SD). Data Envelopment Analysis (DEA) was used to evaluate the efficiency of 23 Decision‐Making Units (DMUs)—cultivar types and N fertilization rate combinations—while a cost–benefit analysis calculated their profitability over 5 years. Results showed that two energy‐type cultivars—“Independence” and “Liberty”—were superior economically to the forage cultivars. Independence performed best with the highest profit margin when fertilized at 56 kg N ha −1 , particularly in the US hardiness zone 6a (Urbana, IL). Liberty exhibited the highest profit margins in hardiness zone 5b (Madrid, IA, and Ithaca, NE) at 56 kg N ha −1 and showed exceptional profitability with 28 kg N ha −1 in hardiness zone 6b (Brighton, IL). Switchgrass cultivar “Carthage” showed better efficiency score and profitability results in hardiness zone 4b (South Shore, SD) at 56 kg N ha −1 . The profit trends observed in current study sites may indicate broader patterns across similar US hardiness zones. This study provides valuable insights for decision‐makers to optimize input strategies for biomass production of bioenergy switchgrass to meet renewable energy demands.

Arshad, Muhammad Umer [Department of Crop Sciences↗

Techno-Economic Analysis: Best Practices and Assessment Tools

A team at Sandia National Laboratories (SNL) recognized the growing need to maintain and organize the internal community of Techno - Economic Assessment analysts at the lab . To meet this need, an internal core team identified a working group of experienced, new, and future analysts to: 1) document TEA best practices; 2) identify existing resources at Sandia and elsewhere; and 3) identify gaps in our existing capabilities . Sandia has a long history of using techno - economic analyses to evaluate various technologies , including consideration of system resilience . Expanding our TEA capabilities will provide a rigorous basis for evaluating science, engineering and technology - oriented projects, allowing Sandia programs to quantify the impact of targeted research and development (R&D), and improving Sandia's competitiveness for external funding options . Developing this working group reaffirms the successful use of TEA and related techniques when evaluating the impact of R&D investments, proposed work, and internal approaches to leverage deep technical and robust, business - oriented insights . The main findings of this effort demonstrated the high - impact TEA has on future cost, adoption for applications and impact metric forecasting insights via key past exemplar applied techniques in a broad technology application space . Recommendations from this effort include maintaining and growing the best practices approaches when applying TEA, appreciating the tools (and their limits) from other national laboratories and the academic community, and finally a recognition that more proposals and R&D investment decision s locally at Sandia , and more broadly in the research community from funding agencies , require TEA approaches to justify and support well thought - out project planning.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

An economic analysis of a commercial approach to the design and fabrication of a space power system

This paper discusses a commercial approach to the design and fabrication of an economical space power system. With the advent of the space shuttle, steps can be taken to back away from the presently used space qualified approach in order to reduce cost of space hardware by incorporating, where possible, commercial design, fabrication, and quality assurance methods. Cost reductions are projected through the conceptual design of a 2 kW space power system built with the capability for having serviceability. The approach to system costing that has been used takes into account both the constraints of operation in space and commercial production engineering approaches. The cost of this power system reflects a variety of cost/benefit tradeoffs that would reduce system cost as a function of system reliability requirements, complexity, and the impact of rigid specifications. A breakdown of the system design, documentation, fabrication and reliability and quality assurance cost estimates are detailed.

Putney, Z.↗

Preliminary Screening Techno-Economic Analysis of Industrial SOFC/SOEC and Reversible SOC Integration

National Energy Technology Laboratory (NETL) provides system-level process, cost, and market analyses on solid oxide cell (SOC) based technologies. Specifically, techno-economic analyses (TEA), market assessments, and other technology evaluations serve to guide the U.S. Department of Energy (DOE) Office of Fossil Energy and Carbon Management (FECM) Reversible Solid Oxide Fuel Cell (R-SOFC) Program technology goals and objectives. These studies are key to describing how the technologies contribute to improving domestic energy infrastructure in a clean, efficient manner. This effort seeks to elucidate the potential integration opportunities between reversible SOCs and industrial systems which would aid in SOC commercialization and deployment. These preliminary screening-level results show what opportunities exist for power generating SOFCs, hydrogen producing SOECs, and point-source carbon capture. Improvements can be seen through changes in cost of electricity, cost of hydrogen, and cost of carbon capture.

reversible SOC↗