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At least 37 records · Page 2

A Bottom-Up Cost Estimation Tool for Nuclear Microreactors

The rising interest in nuclear microreactors has highlighted the need for comprehensive technoeconomic assessments. However, the scarcity of publicly available designs and cost data has posed significant challenges. To address this issue, the Microreactor Optimization Using Simulation and Economics (MOUSE) tool is developed. MOUSE is a tool that integrates nuclear microreactor design with reactor economics. The design calculations encompass core simulations using the OpenMC Monte Carlo Particle Transport Code [romano2015], along with simplified balance of plant calculations. On the economic side, MOUSE provides detailed bottom-up cost estimates, calculating both the total capital cost and the levelized cost of energy for first-of-a-kind and nth-of-a-kind microreactors. The cost estimation correlations are developed using data from the MARVEL project and additional literature sources. MOUSE has released as an open-source tool on GitHub (MOUSE Tool). By combining design calculations with cost equations, MOUSE enables users to evaluate the impact of various technological consideration, advanced moderators, design changes, material/fuel changes, and geometry modifications—as well as economic parameters like interest rates and construction duration. This comprehensive framework can guide stakeholders towards technological solutions that enhance microreactor competitiveness. Additionally, powered by the WATTS toolkit [romano2022], MOUSE supports optimization studies, parametric analyses, and uncertainty calculations/propagation. Currently, preconceptual designs of three microreactor types are included in MOUSE: a liquid metal thermal microreactor (LTMR), gas cooled TRISO-fueled microreactor (GCMR) and heat-pipe TRISO fueled microreactor (HPMR). To showcase its ability, MOUSE was used to conduct detailed bottom-up cost estimates for the first of a kind (FOAK) and Nth of a kind (NOAK) of the following microreactors • A 20MWt LTMR that is built on the ongoing MARVEL demonstration at Idaho National Laboratory (INL) • A 15 MWt GCMR that was designed to be more representative of the typical commercial microreactor • A 7 MWt HPMR that was built on previous work (Choi 2024) The The reader should note that these three designs and corresponding cost estimates are examples to demonstrate the MOUSE capability. The designs are pre-conceptual, the reactor designs were not optimized, and the cost estimates were developed with incomplete information. Additionally, stakeholders might be interested in a variety of designs that may differ from the examples provided in this report. The MOUSE tool can also be used to study how design choices affect economics. To demonstrate its capability, MOUSE was used conduct parametric studies such as examining the economic impact of the reflector's material and thickness, the moderator's booster material and dimensions, fuel composition and enrichment, core size, and power level. Several insights were gained from these parametric studies.

Hanna, Botros↗

Combined Cycle Integrated Thermal Energy Storage “CiTES” (Final Scientific/Technical Report)

The Phase I of this project confirmed the technical feasibility of a Combined Cycle integrated Thermal Energy Storage “CiTES” system, calculated the key performance parameters like power efficiency and costs, and proved its commercial value with full-year simulations for several US electricity markets with high degree of variable renewable generation and volatile hourly electricity prices. The core element of this project is the Electro Thermal Energy Storage (ETES) technology from Siemens Gamesa Renewable Energy GmbH, using thermally stable and inexpensive volcanic rocks as storage material and air as heat transfer medium. This technology is backed by more than 10 years of experience and a 440MMBTU (130MWh-th) pilot plant in Hamburg, Germany, which is in operation since 2019. The integration of this thermal storage in an existing combined cycle power plant (CCPP) is typical power plant technology without any major technology risks. It allows the storage of inexpensive renewable energy during times of surplus renewable generation and the discharge of this energy in times of high energy demand when the fossil plant is in operation. This supplements the fossil power generation with CO2-emission-free energy. The secondary effect of the CiTES system is that a small part of the stored thermal energy is used to keep the heat recovery steam generator (HRSG) and steam turbine (ST) of the combined cycle power plant in hot and ready-to-start condition. This enables the plant to start rapidly when fossil generation is required to satisfy demand as soon variable generation drops off in the evenings or during cloud cover and calm wind periods. Without pre-warming of the HRSG and ST, the CCPP would need several hours for a cold or warm start, burn a lot of gas and release high NOx emissions during start and wouldn’t be able to use the short times of high energy prices in an efficient or economical manner. The economic parameters of CiTES were determined by a full year “8760” simulation using a data set calculation for each of the hours of the year, and historical electricity and gas prices. For consistency, the simulations were focused on the pre-COVID year 2019. The financially most attractive markets were in the Energy Reliability Council of Texas (ERCOT) region, which allowed substantial value generation with arbitrage (charge with cheap energy during renewable surplus times and discharge when energy is needed and expensive). The improvement of flexibility with the CiTES system by pre-heating and warm-keeping of the CCPP allowed for additional power generation during short time periods when demand is high but renewable generation is down; when the hourly energy prices are highest in these markets. The simulations are based on 2019 data, when ERCOT had 27GW of installed photovoltaic (PV) and wind generation. They showed that the created revenue with the prototypically sized CiTES system of 1,000MMBTU (300MWh-th) falls a little bit short of what is expected from a commercially viable investment. The system has optimization opportunities for cost reduction and increased effectiveness which will be realized during a potential Phase II Pre-FEED study following this project. Furthermore, it is safe to assume that a lot of renewable generation capacity will be added all over the US in the coming years. As an example, ERCOT is predicting to more than double its renewable generation from 27GW in 2019 to a forecasted 63GW in 2023. This will increase the amount of renewable overproduction exponentially. This rapid increase of local overproduction and the need to curtail renewable generation is well documented by the California ISO (www.CAISO.com / managing oversupply). However, the simulations also revealed a weakness in the structure of the electricity markets in the US. More specifically, when electricity prices are very low and approaching negative levels, the owners of Variable Renewable Energy (VRE) will curtail a part of their facility to stabilize the price by reducing supply. This results in a situation in which storage facilities, which are integrated in existing fossil assets and don’t have the behind-the-meter benefit of a VRE, won’t be able to purchase low cost – otherwise curtailed – renewable energy off the grid. A special tariff, which motivates VRE owners to sell otherwise curtailed renewable energy to storage facilities (Hydrogen, thermal, pumped hydro, etc.) can solve this issue. The implementation of such a regulating tariff by Independent System Operators, thus avoiding renewable curtailment, is a pre condition for successful commercialization for renewable energy storage technologies. With this advancement of design and technology and improvements in the market environment, it can be expected that the Combined Cycle integrated Thermal Energy Storage proves itself as an important innovation to keep highly efficient, natural gas-based power generation economically successful and relevant for the power industry in the United States of America.

Wolf, Thorsten↗

Exploiting electricity market dynamics using flexible electrolysis units for retrofitting methanol synthesis

Here we investigate the economic viability of integrating flexible electrolysis units to produce hydrogen in methanol synthesis processes. Specifically, we investigate whether this approach can help reduce methanol production costs by strategically exploiting dynamics of electricity markets. Our study integrates high-fidelity process simulations, optimization tools, and microkinetic modeling (informed by density functional theory) to conduct detailed techno-economic analyses and to compare performance against traditional processes that use hydrogen produced via steam-methane reforming (SMR). We also use this approach to estimate the levelized cost of hydrogen (LCOH) as a function of time-varying electricity prices (from day-ahead and real-time prices) and of key techno-economic parameters. Our results show that the proposed electrification framework is cost-competitive under certain electricity market conditions. Specifically, we find that, when the electrolysis system is operated in flexible mode (and can respond to dynamics of electricity markets), the associated electricity cost nearly collapses to zero. Conversely, when the unit is not flexible (and cannot respond to markets), the electricity cost comprises 60% of the total cost. Our results also reveal that the LCOH of the flexible electrolysis system participating in real-time electricity markets is 31% lower than the LCOH obtained from SMR. Overall, this indicates that exploiting the dynamics of electricity markets can make hydrogen production cost-competitive and this can lead to viable alternatives to electrify methanol production and other hydrogen-based processes.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Preliminary Pilot-scale Study and Techno-economic Analysis of Chemical Heat Pump with Conventional Nuclear Reactors

The energy economy is continually evolving, particularly in terms of primary energy sources, their conversions to useful forms such as electricity and heat, and their utilization in different sectors, in response to socio-political factors. Because nuclear source is clean and non-carbon-emitting energy source, it is crucial to consider its role in the evolution of the energy economy. A pilot-scale study was conducted for Chemical Heat Pump (ChHP) system at three different scales (25-, 100-, and 1000-kW thermal outputs) using steady state thermal model. To establish the viability of selling heat rather than electricity alone, techno-economic analysis was undertaken for advanced Small Modular Reactor (SMR), and SMR paired with varied thermal output ChHP systems was referred to as the nuclear hybrid energy system (NHES) in this study. Using the U.S. Energy Information Administration statistics, pricing for electricity and natural gas were anticipated for U.S. regions (California, Northwest, Midwest, Southwest, New England, and PJM). Based on thermal output from ChHP, advanced SMR with 100 MWth and four alternative NHES scenarios were explored, namely 50-, 10-, 5-, and 1-MWth. Net present value, payback period, discounted cash flow return, and levelized cost of energy were evaluated for all scenarios. Based on the economic analysis, selling heat to high-temperature industrial processes is more profitable compared to selling electricity only. Higher carbon taxes showed significant improvement in economic parameters for NHESs. Providing heat to high-temperature industries could be beneficial, helping to reduce the greenhouse gas emissions by slashing the fossil fuel consumption.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

Green-Field Geothermal/Solar Designs (Cooperative Research and Development Final Report)

Geothermal power (GEO) and concentrating solar power (CSP) can be integrated to obtain the best aspects of both systems. The green-field design will utilize the full potential of the higher-temperature CSP sector by having a topping solar steam turbine and a bottoming geothermal cycle. In the proposed hybrid cycle, geothermal energy can be converted into electricity at a higher cycle efficiency because of the high-temperature topping cycle during the daytime. CSP benefits from lower-cost solar collectors, a less expensive topping turbine, and virtual elimination of the heat rejection system cost. The green-field case study will be focused on a geothermal resource site which will deliver the 160 - 220 °C pressurized brine at the inlet of power block. While the case study will look at a single case study, the tools to be developed as part of the project will be available to model annual performance of GEO/CSP hybrids for new greenfield projects (may also be applied to certain types of brown-field retrofits). The evaluation tools will also calculate important economic parameters such as the levelized cost of energy (LCOE) and the internal rate of return (IRR).

14 SOLAR ENERGY↗

Coupling Chemical Heat Pump with Nuclear Reactor for Temperature Amplification by Delivering Process Heat and Electricity: A Techno-Economic Analysis

The energy economy is continually evolving in response to socio-political factors in the nature of primary energy sources, their conversions to useful forms, such as electricity and heat, and their utilization in different sectors. Nuclear energy has a crucial role to play in the evolution of energy economy due to its clean and non-carbon-emitting characteristics. A techno-economic analysis was undertaken to establish the viability of selling heat along with electricity for an advanced 100 MWth small modular reactor (SMR) and four nuclear hybrid energy system (NHES) configurations featuring the SMR paired with chemical heat pump (ChHP) systems providing a thermal output ranging from 1 to 50 MWth. Net present value, payback period, discounted cash flow rate of return, and levelized cost of energy were evaluated for these systems for different regions of U.S. reflecting a range of electricity and thermal energy costs. The analysis indicated that selling heat to high temperature industrial processes showed profitable outcomes compared to the sale of only electricity. Higher carbon taxes improved the economic parameters of the NHES alternatives significantly. Providing heat to high temperature industries could be very beneficial, helping to cut down the greenhouse gases emission by reducing the fossil fuel consumption.

Gupta, Aman↗

Seminar presentation on the economic evaluation of the space shuttle system

The proceedings of a seminar on the economic aspects of the space shuttle system are presented. Emphasis was placed on the problems of economic analysis of large scale public investments, the state of the art of cost estimation, the statistical data base for estimating costs of new technological systems, and the role of the main economic parameters affecting the results of the analyses. An explanation of the system components of a space program and the present choice of launch vehicles, spacecraft, and instruments was conducted.

Source record↗

Study of the application of hydrogen fuel to long-range subsonic transport aircraft. Volume 1: Summary

The feasibility of using liquid hydrogen as fuel in advanced designs of long range, subsonic transport aircraft is assessed. Both passenger and cargo type aircraft are investigated. Comparisons of physical, performance, and economic parameters of the LH2 fueled designs with conventionally fueled aircraft are presented. Design studies are conducted to determine appropriate characteristics for the hydrogen related systems required on board the aircraft. These studies included consideration of material, structural, and thermodynamic requirements of the cryogenic fuel tanks and fuel systems with the structural support and thermal protection systems.

Brewer, G. D.↗

Computer Program for Assessing the Economic Feasibility of Solar Energy for Single Family Residences and Light Commercial Applications

Computer program, SHCOST, was used to perform economic analyses of operational test sites. The program allows consideration of the economic parameters which are important to the solar system user. A life cycle cost and cash flow comparison is made between a solar heating system and a conventional system. The program assists in sizing the solar heating system. A sensitivity study and plot capability allow the user to select the most cost effective system configuration.

Forney, J. A.↗

Cost/benefit analysis of advanced materials technologies for future aircraft turbine engines

The materials technologies studied included thermal barrier coatings for turbine airfoils, turbine disks, cases, turbine vanes and engine and nacelle composite materials. The cost/benefit of each technology was determined in terms of Relative Value defined as change in return on investment times probability of success divided by development cost. A recommended final ranking of technologies was based primarily on consideration of Relative Values with secondary consideration given to changes in other economic parameters. Technologies showing the most promising cost/benefits were thermal barrier coated temperature nacelle/engine system composites.

Stephens, G. E.↗

Solar photochemical process engineering for production of fuels and chemicals

The engineering costs and performance of a nominal 25,000 scmd (883,000 scfd) photochemical plant to produce dihydrogen from water were studied. Two systems were considered, one based on flat-plate collector/reactors and the other on linear parabolic troughs. Engineering subsystems were specified including the collector/reactor, support hardware, field transport piping, gas compression equipment, and balance-of-plant (BOP) items. Overall plant efficiencies of 10.3 and 11.6% are estimated for the flat-plate and trough systems, respectively, based on assumed solar photochemical efficiencies of 12.9 and 14.6%. Because of the opposing effects of concentration ratio and operating temperature on efficiency, it was concluded that reactor cooling would be necessary with the trough system. Both active and passive cooling methods were considered. Capital costs and energy costs, for both concentrating and non-concentrating systems, were determined and their sensitivity to efficiency and economic parameters were analyzed. The overall plant efficiency is the single most important factor in determining the cost of the fuel.

Biddle, J. R.↗

Concerning the electrosynthesis of hydrogen peroxide and peroxodisulfates. Section 2: Optimization of electrolysis cells using an electrolyzer for peroxodisulfuric acid as an example

The model is presented of an electrolyzer for peroxodisulfuric acid, and it is analyzed mathematically. Its application for engineering and economic optimization is investigated in detail. The mathematical analysis leads to conclusions concerning the change in position of the optimum with respect to the various target functions due to changes of the individual design-caused and economic parameters.

Schleiff, M.↗

Solar photochemical process engineering for production of fuels and chemicals

The engineering costs and performance of a nominal 25,000 scmd (883,000 scfd) photochemical plant to produce dihydrogen from water were studied. Two systems were considered, one based on flat-plate collector/reactors and the other on linear parabolic troughs. Engineering subsystems were specified including the collector/reactor, support hardware, field transport piping, gas compression equipment, and balance-of-plant (BOP) items. Overall plant efficiencies of 10.3 and 11.6 percent are estimated for the flat-plate and trough systems, respectively, based on assumed solar photochemical efficiencies of 12.9 and 14.6 percent. Because of the opposing effects of concentration ratio and operating temperature on efficiency, it was concluded that reactor cooling would be necessary with the trough system. Both active and passive cooling methods were considered. Capital costs and energy costs, for both concentrating and non-concentrating systems, were determined and their sensitivity to efficiency and economic parameters were analyzed. The overall plant efficiency is the single most important factor in determining the cost of the fuel.

Biddle, J. R.↗

BioSTEAMDevelopmentGroup/BLocS

BioSTEAM Location-Specific Evaluation. This module allows BioSTEAM users to consider the impacts of economic and environmental parameters that vary by location. Current location-specific data includes income, property, fuel producer, and sales tax rates; feedstock prices (corn, corn stover, and sugarcane); electricity prices; natural gas prices; location capital cost factors (LCCFs), and tax incentives (available as of February 2020) for all 50 states in the US. Stewart et al. is the first paper to utilize BLocS to explore the influence of policy incentives and location-specific economic parameters on the financial viability of three different biorefineries.

Stewart, Dalton↗

CFD-Assisted Nodal Modeling of Sloshing in a Cryogenic Propellant Tank

During autogenous pressurization, tank sloshing causes a significant increase in pressurant consumption to maintain constant ullage pressure during draining of the tank. This increase in pressurant consumption is caused by a significant increase in condensation at the liquid-vapor interface. Sloshing strongly affects the liquid side heat transfer coefficient and thereby the condensation rate. Traditionally, sloshing is modeled by CFD code using the VOF (Volume of Fluid) method to track the liquid vapor interface during sloshing. CFD calculations require a very fine grid to accurately compute the heat and mass transfer at the interface. Therefore, computations are time consuming and prohibit performing many parametric studies often needed during the design of a new system. This paper describes an alternative approach by developing a CFD-assisted nodal model to predict system parameters more economically with reasonable accuracy. In this approach, a multi-node model of tank pressurization was developed using GFSSP. A multi-node model was needed to account for stratification. The model computes heat and mass transfer at the interface to calculate the condensation rate. The liquid side heat transfer is computed using the parameters of sloshing dynamics such as frequency, wave amplitude, and interface area. The parameters of sloshing dynamics are computed by the CFD code LOCI-Stream. The model predictions were compared with test data for several cases.

Cryogenic Tank Sloshing↗

District heating utilizing waste heat of a data center: High-temperature heat pumps

Data centers are energy-intensive facilities with substantial low-grade waste heat. High-temperature heat pumps can be critical in boosting the data center’s waste heat for district heating, improving the system-level energy efficiency of data centers, and reducing CO 2 emissions in district heating. This study built thermodynamic models to assess high-temperature heat pumps with six configurations using low global warming potential refrigerants to supply heat up to 120 °C. The heat pump configurations include single-stage or two-stage cycles with advanced components, such as internal heat exchanger, economizer, flash tank, or parallel compressor. The refrigerants include R1234ze(Z), R1233ed(E), R1224yd(Z), R600, and R600a, and R245fa is used as a reference. A case study was carried out to recover the waste heat from the Frontier high-performance computing data center and provide hot water for district heating at the US Department of Energy’s Oak Ridge National Laboratory campus. The optimized performance of high-temperature heat pumps is characterized with various effectiveness of internal heat exchangers, and the operating parameters of economizer or flash tank, as well as their combination. The results show that the configurations of two-stage cycles with internal heat exchanger + flash tank and internal heat exchanger + economizer/parallel-compressor provide the highest coefficient of performance under scenarios of the maximum allowable value and a fixed value (0.3) of the internal heat exchangers’ effectiveness, respectively. R1234ze(Z) and R600a are the most promising refrigerants, considering trade-offs between the coefficient of performance and the volumetric heating capacity. The single-stage cycle with internal heat exchanger + economizer/parallel-compressor using R1234ze(Z) is recommended for utilizing Fronter’s waste heat in district heating. A one mega-watt high-temperature heat pump will reduce 33,100–33,200 metric tons of CO2 emission annually, corresponding to 85.4 %–85.6 % of equivalent CO2 emissions from natural gas boilers. Here, this study provides good guidelines for designing and deploying high-temperature heat pumps to support sustainable data centers and decarbonize district heating in the US.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

LCOE*: Re-Thinking LCOE for Photovoltaic Systems

Solar industry is working towards reducing the levelized cost of energy (LCOE). The LCOE formulation includes various implicitly connected cost and physical design parameters. This entails complex cost analyses by economists, and electrical analysis and energy yield calculations of solar farms by device physicists/technologists. The standard formulation requires a constant exchange of information to optimize the design of a specific farm. In this paper, we present a fundamental reformulation of LCOE (in terms of LCOE*) to deconvolve the cost vs. energy yield analysis so that economists and technologists can work independently towards minimizing LCOE. We validate our LCOE* formulation by comparing LCOE calculated by the traditional vs. new method. We further provide a global analysis of LCOE* as an illustrative example. This LCOE* will accelerate new technology development (e.g. bifacial PV) by allowing a rapid and transparent analysis of its cost-performance trade-off.

14 SOLAR ENERGY↗