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 235 records · Page 13

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↗

Multi-Disciplinary Design Optimization Using WAVE

The current preliminary design tools lack the product performance, quality and cost prediction fidelity required to design Six Sigma products. They are also frequently incompatible with the tools used in detailed design, leading to a great deal of rework and lost or discarded data in the transition from preliminary to detailed design. Thus, enhanced preliminary design tools are needed in order to produce adequate financial returns to the business. To achieve this goal, GEAE has focused on building the preliminary design system around the same geometric 3D solid model that will be used in detailed design. With this approach, the preliminary designer will no longer convert a flowpath sketch into an engine cross section but rather, automatically create 3D solid geometry for structural integrity, life, weight, cost, complexity, producibility, and maintainability assessments. Likewise, both the preliminary design and the detailed design can benefit from the use of the same preliminary part sizing routines. The design analysis tools will also be integrated with the 3D solid model to eliminate manual transfer of data between programs. GEAE has aggressively pursued the computerized control of engineering knowledge for many years. Through its study and validation of 3D CAD programs and processes, GEAE concluded that total system control was not feasible at that time. Prior CAD tools focused exclusively on detail part geometry and Knowledge Based Engineering systems concentrated on rules input and data output. A system was needed to bridge the gap between the two to capture the total system. With the introduction of WAVE Engineering from UGS, the possibilities of an engineering system control device began to formulate. GEAE decided to investigate the new WAVE functionality to accomplish this task. NASA joined GEAE in funding this validation project through Task Order No. 1. With the validation project complete, the second phase under Task Order No. 2 was established to develop an associative control structure (framework) in the UG WAVE environment enabling multi-disciplinary design of turbine propulsion systems. The capabilities of WAVE were evaluated to assess its use as a rapid optimization and productivity tool. This project also identified future WAVE product enhancements that will make the tool still more beneficial for product development.

Irwin, Keith↗

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↗

Revenue prediction for integrated renewable energy and energy storage system using machine learning techniques

Revenue estimation for integrated renewable energy and energy storage systems is important to support plant owners or operators’ decisions in battery sizing selection that leads to maximized financial performances. A common approach to optimizing revenues of a hybrid hydro and energy storage system is using mixed-integer linear programming (MILP). Although MILP models can provide accurate production cost estimations, they are typically very computationally expensive. To provide a fast yet accurate first-step information to hydropower plant owners or operators who consider integrating energy storage systems, we propose an innovative approach to predicting optimal revenues of an integrated energy generation and storage system. In this study, we examined the performance of two prediction techniques: Generalized Additive Models (GAMs) and machine learning (ML) models developed based on artificial neural networks (ANN). Predictive equations and models are generated based on optimized solutions from a market participation optimization model, the Conventional Hydropower Energy and Environmental Resource System (CHEERS) model. The two predicting techniques reduce the computational time to evaluate annual revenue for one set of battery configurations from 3 h to 1 to 4 min per run while also being implementable with significantly less data. The model validation prediction errors of developed GAMs and ML models are generally below 5%; for model testing predictions, the ML models consistently outperform the regression equations in terms of root mean square errors. This new approach allows plant owners, operators, or potential investors to quickly access multiple battery configurations under different energy generation and market scenarios. This new revenue prediction method will therefore help reduce the barriers, and thereby promoting the deployment of battery hybridization with existing renewable energy sources.

13 HYDRO ENERGY↗

Understanding Impacts of Data Integrity Attacks on Transactive Control Systems

With the rapid growth of internet-connected smart devices capable of exchanging energy price information and adaptively controlling energy consumption of connected loads, the role of transactive control is expected to become more prominent in the modern grid. Transactive control systems integrate the wholesale and retail energy markets, and enable active participation of end users, thereby playing a key role in managing the rising number of distributed assets in the smart grid. The use of internet for the communication of data between the controllers at the building, distribution, and transmission levels makes the system susceptible to cyber-attacks. A skilled adversary can potentially manipulate the exchanged data with the intention of inflicting damage to the system. In this paper, four categories of metrics are put forth for evaluating the performance of the system when under data integrity attacks. A model for scaling-based data integrity attack has been described, and co-simulations have been performed on a 240 bus WECC transmission system model with detailed modeling of distribution systems at specific buses. Our results show that scaling-based data integrity attacks can have non-trivial impacts on the operational, financial, and comfort aspects of the transactive control system.

Smart grid, transactive control system, Buildings-↗

Sensitivity Analysis Tool for Electrochemical Conversion of CO2 to CO

Data presented in poster is sourced from the Electrochemical Catalyst Sensitivity Analysis Tool. This tool comprises a material balance model with cost estimation to estimate the levelized cost of product for CO production via CO2 electrolysis. A set of sensitivity analyses on key system and financial parameters is included with results so that users can test the impacts of these parameters on LCOP.

Henry, Samuel↗

PrimeSupplier Cross-Program Impact Analysis and Supplier Stability Indicator Simulation Model

PrimeSupplier, a supplier cross-program and element-impact simulation model, with supplier solvency indicator (SSI), has been developed so that the shuttle program can see early indicators of supplier and product line stability, while identifying the various elements and/or programs that have a particular supplier or product designed into the system. The model calculates two categories of benchmarks to determine the SSI, with one category focusing on agency programmatic data and the other focusing on a supplier's financial liquidity. PrimeSupplier was developed to help NASA smoothly transition design, manufacturing, and repair operations from the Shuttle program to the Constellation program, without disruption in the industrial supply base.

Calluzzi, Michael↗

Numerical Study of Magnetic Damping During Unidirectional Solidification

A fully 3-D numerical model is developed to represent magnetic damping of complex fluid flow, heat transfer and electromagnetic field distributions in a melt cavity. The model is developed based on our in-house finite element code for the fluid flow, heat transfer and electromagnetic field calculations. The computer code has been tested against benchmark test problems that are solved by other commercial codes as well as analytical solutions whenever available. The numerical model is tested against numerical and experimental results for water reported in literature. With the model so tested, various numerical simulations are carried out for the Sn-35.5% Pb melt convection and temperature distribution in a cylindrical cavity with and without the presence of a transverse magnetic field. Numerical results show that magnetic damping can be effectively applied to reduce turbulence and flow levels in the melt undergoing solidification and over a certain threshold value a higher magnetic field resulted in a higher velocity reduction. It is found also that for a fully 3-D representation of the magnetic damping effects, the electric field induced in the melt by the applied DC magnetic field does not vanish, as some researchers suggested, and must be included even for molten metal and semiconductors. Also, for the study of the melt flow instability, a long enough time has to be applied to ensure the final fluid flow recirculation pattern. Moreover, our numerical results suggested that there seems to exist a threshold value of applied magnetic field, above which magnetic damping becomes possible and below which the convection in the melt is actually enhanced. Because of the limited financial resource allocated for the project, we are unable to carry out extensive study on this effect, which should warrant further theoretical and experimental study. In that endeavor, the developed numerical model should be very useful; and the model should serve as a useful tool for exploring necessary design parameters for planning magnetic damping experiments and interpreting the experimental results.

Li, Ben Q.↗

Assessing Commercialization Strategies for Evolving Network Demand (ASCEND) in the NASA Space Communications and Navigation (SCaN) Program

What will NASA’s future communications demand and expenditure look like, in a paradigm where space policy encourages maximum private sector involvement? In this paper we consider this question, as NASA moves towards commercial procurement for Direct-To-Earth and Space Relay communication services. We develop a new quantitative Techno-Economic Assessment (TEA) model capable of evaluating the incremental cost over time to NASA of utilizing commercial communication services, for different mission and market scenarios. We find that current and future NASA demand could be viably procured from commercial services, with the potential to reduce cost using non-exclusive networks and the sharing of fixed costs. However, there is a key trade-off identified between maximizing economies of scale benefits and ensuring sufficient competition between communication providers to avoid collusion and excessive pricing. For example, procuring from 1-2 providers would maximize scale economies, whereas procuring from 5-6 providers would maximize competition. Given this context, it would be prudent to seek to award service contracts for 3-4 providers to optimize economies of scale benefits, while mitigating possible market collusion. These recommendations enable NASA to successfully achieve its scientific mission over the next decade, while managing limited financial and networking resources.

NSN↗

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↗

Financial assessment of the Space Operations Center as a Private Business Venture

The possibility of private financing and operation of the Space Operations Center (SOC) is considered as an alternative to SOC development by the government. A hypothetical revenue model for SOC services is constructed and is compared with NASA estimates of SOC development and operating costs. A present value analysis based on a 1985 to 2000 investment horizon shows a potential for substantial profit in a private SOC venture, although the possibility of large losses is not discounted. Present value estimates range from $8.6 billion down to a low minus $3.3 billion.

Simon, M.↗

Economic impact and risk analysis of integrating sustainable aviation fuels into refineries

The growth of the aviation industry coupled with its dependence on energy dense, liquid fuels has brought sustainable aviation fuel (SAF) research to the forefront of the biofuels community. Petroleum refineries will need to decide how to satisfy the projected increase in jet fuel demand with either capital investments to debottleneck current operations or by integrating bio-blendstocks. This work seeks to compare jet production strategies on a risk-adjusted, economic performance basis using Monte-Carlo simulation and refinery optimization models. Additionally, incentive structures aiming to de-risk initial SAF production from the refiner’s perspective are explored. Results show that market sensitive incentives can reduce the financial risks associated with producing SAFs and deliver marginal abatement costs ranging between 136-182 $/Ton-CO2e.

09 BIOMASS FUELS↗