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DOE OSTI2020

Automatic Fault Detection & Diagnostics: Residential Market Analysis

This report provides an overview of the market potential for automated fault detection and diagnostics (AFDD) in the residential sector, focusing on embedded AFDD in central air conditioners (CAC) and air-source heat pumps (ASHP) as well as the use of smart diagnostic tools to ensure quality installation of CAC/ASHP equipment. The contents include background on AFDD, stakeholder engagement efforts, a technology assessment of AFDD and smart diagnostic tools, residential CAC and ASHP market trends, a characterization of the CAC and ASHP installed base, a synopsis of utility provider programs, and market barriers.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2021

Offshore Wind Market Report: 2021 Edition

The Offshore Wind Market Report: 2021 Edition is intended to provide offshore wind policymakers, regulators, developers, researchers, engineers, financiers, supply chain participants, and other stakeholders with up-to-date quantitative information about the offshore wind market, technology, and cost trends in the United States and worldwide. This report details information on the domestic offshore wind industry to provide a U.S. context and help navigate technical and market barriers and opportunities.

17 WIND ENERGY↗

DOE OSTI2021

Distributed Wind Market Report: 2021 Edition

The Distributed Wind Market Report: 2021 Edition provides stakeholders with statistics and analysis of the distributed wind market, along with insight into its trends and characteristics. The report analyzes distributed wind projects of all sizes and details the U.S. small wind market.

17 WIND ENERGY↗

DOE OSTI2023

Microreactor Applications in U.S. Markets: Evaluation of State-Level Legal, Regulatory, Economic and Technology Implications

This report provides an evaluation of state-level legal, regulatory, economic and technology implications for microreactor applications in U.S. markets. The initial focus is on Alaska (AK) and Wyoming (WY) energy markets serving location-specific energy needs for electricity and heat. A state-by-state evaluation of current carbon/carbon-related policies and nuclear policies is conducted to assess broader market applicability in states undergoing energy transitions.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

DOE OSTI2021

An Integrated Paradigm for the Management of Delivery Risk in Electricity Markets: From Batteries to Insurance and Beyond [Slides]

In wholesale electricity markets today, flexibility from a limited number of distributed energy resources (DERs) is offered daily, and the value of flexibility is not yet recognized for economic hedging of delivery risk. Under a three-year project funded by the ARPA-E PERFORM program, a collaborative team is working towards developing an integrated risk management framework that will leverage flexibility from distributed and bulk resources to cost-effectively and reliably manage delivery risk of intermittent resources. Two concepts are at the core of the proposed integrated risk management framework: (A) flexibility options, which are a novel type of options and enable wholesale electricity market participants to hedge uncertainty by buying flexibility. (B) DER flexibility scores, which provide a way for utilities or aggregators to classify assets in groups with different likelihood of delivering contracted flexibility. This report presentation will focus on the proposed ISO-product "flexibility options," which is complementary to ramp and other products being introduced by ISOs/RTOs to manage net load uncertainties. Participating resources with imbalance risk can buy flexibility options to hedge their production, whereas grid-connected resources that can provide physical flexibility can offer flexibility options. We will present basics of the formulation for a day-ahead ISO market that matches buyers and sellers of this hedge in coordination with existing capabilities to schedule energy and ancillary services, and outline how their settlements mitigate the impact of imbalance risk.

24 POWER TRANSMISSION AND DISTRIBUTION↗

DOE OSTI2025

Status and Trends in the U.S. Voluntary Power Market: 2023 Data

Voluntary green power, for this report, refers to renewable energy procurement by retail electricity customers above what is otherwise provided by load-serving entities. This report is part of an annual series of reports synthesizing trends in the U.S. voluntary green power market. In 2023, about 9.7 million retail electricity customers procured about 319 million megawatt-hours (MWh) of voluntary green power (Figure ES-1), representing a 17% increase over sales in 2022. Estimated voluntary green power market sales represented about 44% of non-hydropower renewable energy sales and about 8% of all U.S. retail electricity sales in 2023. Most of the remainder of U.S. renewable energy sales reflects renewable energy procured by load-serving entities to comply with state renewable energy mandates, also known as compliance-based procurement. The U.S. voluntary green power market is undergoing a clear shift toward long-term contracts, driven primarily by increasingly ambitious corporate renewable energy procurement targets.

2023↗

DOE OSTI2020

Information Searching in the Residential Solar PV Market

This paper examines the consumer information search behavior of households in San Diego County with solar photovoltaic (PV) systems. We focus on whether solar PV households financing the technology through third-party ownership (TPO) versus host-ownership (HO), which is equivalent to leasing or buying goods in other markets, have heterogeneous preferences as reflected by information search. Conditional on adoption, we find that TPO households tend to seek more information on home modifications required for solar installation whereas HO households seek more information on the financial returns of solar investments. These preferences may be correlated with the consumption of other goods and services, and thus, if used to inform marketing strategies, our results could help reduce solar PV customer acquisition costs and accelerate technology diffusion. They also have indirect implications for marketing goods and services in other contexts where consumers exhibit similar preferences.

California↗

DOE OSTI2022

Status and Trends in the U.S. Voluntary Green Power Market (2021 Data)

This data book provides certain data behind figures and tables found in the NREL presentation "Status and Trends in the Voluntary Market (2021 Data)." These data reflect estimates based on the best available data. Excluded Data This data book excludes data for certain figures using confidential survey data or purchased data for which NREL does not own the rights. In particular, renewable energy certificate (REC) price data are not included in this data book Rounding: Some estimates may be slightly inconsistent across tabs due to estimate rounding Citation for the data: E. O'Shaughnessy and J. Heeter. 2022. Status and Trends in the Voluntary Market. Golden, CO: NREL. For more information: contact Jenny Heeter (jenny.heeter@nrel.gov). For more information on voluntary green power markets see NREL's resources at https://www.nrel.gov/analysis/green-power.html. Acronyms CCA Community choice aggregation MWh Megawatt hour PPA Power purchase agreement RECs Renewable energy certificate

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

NASA NTRS2021

Commercial Hypersonic Transportation Market Study

In support of NASA’s evaluation of its future research thrusts for its hypersonics program, NASA commissioned independent studies of the market for commercial hypersonic transportation. SAIC and BryceTech (formerly Bryce Space and Technology) were awarded one of these independent studies to assist NASA in better understanding: (1) the passenger demand for high-speed aviation travel; (2) the pressures on the business case for developing and operating a hypersonic aircraft for the commercial aviation market; and (3) the non-technical (i.e., societal) barriers and challenges, including the steps NASA and the Government could take to overcome those barriers and challenges. Our approach to addressing these three tasks for NASA included modeling future demand and future business operations, considering global air transportation at speeds of Mach 2 to Mach 7. The team forecast premium air travel demand through 2060 and assessed the willingness of passengers of different income and wealth levels to pay to save time on flights between 800 city pairs. With the total addressable market defined, we examined industry-level business case viability for several aircraft speed and range cases. Considering operating and manufacturing costs for routes that could be serviced profitably, as well as typical profitability targets for the aviation industry, we quantified the level of RDT&E funding available to support each business case.

hypersonic aircraft↗

NASA NTRS2021

Independent Market Study: Commercial Hypersonic Transportation

hypersonic aircraft↗

DOE OSTI2022

Estimating Energy Market Schedules Using Historical Price Data: Preprint

The global climate crisis is expected to reshape the energy generation landscape in the coming decades. Increasing integration of non-dispatchable renewable energy resources into energy infrastructures and markets increases uncertainty and creates new opportunities for flexible energy systems. To conduct proper economic evaluation of flexible energy systems, such as integrated energy systems (IES), advancements in modelling of market interactions, such as bidding, is crucial. This work presents a shortcut algorithm which uses two mixed integer linear programs to compute dispatch schedules (e.g., hourly power production targets) that are constrained by the resource's bid information and characteristics (e.g., minimum up and down times) based on historical locational marginal price (LMP) data. This is orders of magnitude less data than required for a market clearing calculation with a full production cost model (PCM). We find the shortcut simulator recapitulates generator dispatch signals for the Prescient PCM with approximately 4% error for the RTS-GMLC test system.

electricity generation↗

DOE OSTI2023

Managing Uncertainty and Flexibility in Day-Ahead Electricity Markets

Net load imbalances from day ahead forecasts can lead to significant grid operations costs and are expected to increase as variable renewable energy adoption grows. We propose a new wholesale market product to manage the risk of net load imbalances called Flexibility Options. This product relies on probabilistic forecasts to estimate flexibility demand and would be co-optimized in the day-ahead market. We also propose stochastic methods that enable DER and flexible load aggregators to participate in flexibility markets while considering the uncertainty in weather and occupant behavior.

day-ahead market↗

DOE OSTI2022

Use Probabilistic Forecasts in Reliable and Economic Electricity Market Scheduling and Operations

The value of probabilistic forecasts in electricity market operations is being increasingly recognized lately, however, the use is still limited. This study demonstrates two cases of using probabilistic forecasts in scheduling and operations of the California electricity market. We first develop a data-driven method to give weather-informed estimates of ramping reserves based on short-term probabilistic solar irradiance forecasts. By using forecasts across multiple sites, our proposed method presents advantages over the real-world baseline in terms of system reliability and economics. Our second case uses probabilistic hydro power forecasts in the scheduling of a hydro power plant under economic and environmental constraints. By optimizing the bids into both the day-ahead and real-time markets, our results demonstrate considerable economic benefits.

13 HYDRO ENERGY↗

DOE OSTI2022

A Market Feedback Framework for Improved Estimates of the Arbitrage Value of Energy Storage Using Price-Taker Models

Price-taker (PT) models are often used to assess the potential value or revenue of energy arbitrage opportunities for energy storage in wholesale markets. But as greater amounts of energy storage are deployed on the grid, current PT models fail to predict the effects that energy storage itself can have on market prices. This can lead to an overestimation of the economic value of storage and an inability to capture price suppression. In this paper, we propose the use of a modified PT model to simulate the impact of increased storage deployment on energy prices and the resulting impact on revenue. Our method uses a gradient-boosting regressor to estimate the impact on prices, and we apply our method on historical price data from the PJM and California Independent System Operator wholesale markets. We use this approach to explore possible causes of electricity price suppression that occur from storage capacity additions, which is generally not possible with PT models.

arbitrage↗

DOE OSTI2022

A comparison of building system parameters between affordable and market-rate housing in New York City

Low-income households in the United States experience higher than average energy burdens (defined as the proportion of household income spent on energy utilities), and many of these households struggle to simultaneously pay for rent, energy, and basic household necessities. The analysis presented here in this study examines whether the underlying characteristics of buildings and their energy systems could contribute to this disparity for affordable housing residents in New York City. It combines an energy audit dataset of 7,328 multifamily buildings with a database of properties receiving local, state, or federal housing subsidies. The results of this analysis indicate that the building-level installed equipment in large (greater than 50,000 square feet) affordable housing buildings in New York City is more efficient than that in market-rate buildings, but this trend largely disappears when considering overall building characteristics, such as location, size, or age. Significant differences in the types of systems installed in affordable and market-rate housing are also observed, as well as the types of energy efficiency recommendations made by energy auditors. However, these latter data were not normalized by building system characteristics, as that analysis is much more difficult to interpret for categorical data such as heating system type. These findings indicate that retrofit policies and building performance standards focused on affordable housing will likely need to account for underlying differences in building characteristics between affordable and market-rate housing to achieve intended impacts.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2023

Incorporation of market signals for the optimal design of post combustion carbon capture systems

Recent studies have shown that fossil generators equipped with post-combustion carbon capture (PCC) systems are needed to reduce the cost of deep decarbonization. Such generators need to be flexible and responsive to grid conditions, particularly in a high variable renewable energy (VRE) environment. In this work, we evaluate the net present value (NPV) of retrofitting an existing natural gas combined cycle (NGCC) unit with a flexible PCC system while incorporating market signals from a high VRE grid. We use our industrial partner’s NGCC configuration as representative of existing NGCC units and Svante’s rapid-temperature swing adsorption (TSA) for PCC. Because of its ability to rapidly startup/shutdown and ramp-up/ramp-down, the chosen capture technology is very attractive for load-following operations. For a given set of market signals, we formulate a two-stage stochastic multi-period optimization problem, under the price-taker assumption, to simultaneously optimize the design of the capture system and operation of the entire plant. Rigorous models for the NGCC unit, PCC system, and compression system are developed using commercial process simulators and validated with either plant or vendor data. For computational tractability, we develop surrogate/reduced-order models for use in the optimization problem. The surrogate model for the NGCC plant is constructed by linearizing the rigorous dynamic model at 75% load, while data-driven nonlinear surrogate models for the capture and compression systems are constructed using simulation data from the rigorous models. The optimization problem, formulated as a mixed integer bilinear program, is implemented in the IDAES® integrated platform and solved to global optimality using Gurobi 9.5. Using this formulation, we determine the profitability of retrofitting an existing NGCC unit with the chosen capture system for multiple regions in the U.S. under two scenarios with different carbon prices. Importantly, the results show that the optimal decision strongly depends on the region and on the carbon price, thereby demonstrating the importance of the inclusion of market signals in the design process.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2027

Market participation strategy of hybrid energy resources: A New York ISO case study

Drawing on existing market designs with independent resource participation in electricity markets, this study analyzes participation models for hybrid resources combining renewable generation and storage. Two models are considered: in the first, the components operate independently, with the Independent System Operator (ISO) managing the storage state of charge (SoC); in the second, the hybrid resource acts as an integrated unit, submitting offers as a “black box” and managing its SoC internally. Using a production cost model for the zonal New York Bulk Power System, we evaluate trade-offs in system reliability, market efficiency, and asset profitability. Our results provide several key insights for policymakers, showing that the ISO-managed granular model enhances social welfare through explicit SoC management, while the simpler integrated model is more computationally efficient, but may cause more real-time violations and lower overall profits.

Bansal, Rajni Kant↗

DOE OSTI2022

Quantifying policy gaps for achieving the net-zero GHG emissions target in the U.S. light-duty vehicle market through electrification

The U.S. light-duty vehicle (LDV) industry, a major greenhouse gas (GHG) emitting sector, is embracing decarbonization. Considering only electrification pathways, this study uses publicly-available tools – MA3T and VISION on vehicle market penetration, fleet accounting and life-cycle analysis to quantify the policy gaps for LDVs to achieve the net-zero GHG emissions target in nine vehicle penetration cases under two electricity mix scenarios, including the U.S. administration's decarbonization strategy – 100% clean electricity by 2035. The MA3T model is a multinomial discrete choice model for market share projection by vehicle technology, and the VISION is a vehicle stocks and GHG emissions projection model by using vehicle and travel characteristics. This study projects the impacts of technology and policy enforcement on shaping the dynamics and decarbonization of the LDV market. Additionally, achieving the expected improvement of battery technology and charging infrastructure is critical but can only reduce the 2050 GHG emissions to 48–54% of the 2020 level under the electricity renewable mix scenario. It is almost impossible to achieve a 100% battery electric vehicle stock by 2050 and the 2050 net-zero target in the LDV industry unless ban of internal combustion engine technology is implemented starting in 2035 and under the 2035 100% clean electricity scenario. These extreme conditions also sacrifice most from the consumer welfare perspective. A greater policy forcing intensity accelerates plug-in electric vehicle penetration, while with declining marginal effect and reduced consumer welfare. Among the investigated policy scenarios, the policy forcing intensity equivalent to a fuel tax of $1–2 per gasoline gallon reduces the most GHG emissions while keeping a positive consumer welfare.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗