Voluntary Energy Markets - Status & Trends (2024 Data)
These slides are for the voluntary power market on status and trends from 2024 data.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
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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.
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The value of wake steering wind farm flow control in US energy markets
Abstract. Wind farm flow control represents a category of control strategies for achieving wind-plant-level objectives, such as increasing wind plant power production and/or reducing structural loads, by mitigating the impact of wake interactions between wind turbines. Wake steering is a wind farm flow control technology in which specific turbines are misaligned with the wind to deflect their wakes away from downstream turbines, thus increasing overall wind plant power production. In addition to promising results from simulation studies, wake steering has been shown to successfully increase energy production through several recent field trials. However, to better understand the benefits of wind farm flow control strategies such as wake steering, the value of the additional energy to the electrical grid should be evaluated – for example, by considering the price of electricity when the additional energy is produced. In this study, we investigate the potential for wake steering to increase the value of wind plant energy production by combining model predictions of power gains using the FLOw Redirection and Induction in Steady State (FLORIS) engineering wind farm flow control tool with historical electricity price data for 15 existing US wind plants in four different electricity market regions. Specifically, for each wind plant, we use FLORIS to estimate power gains from wake steering for a time series of hourly wind speeds and wind directions spanning the years 2018–2020, obtained from the ERA5 reanalysis dataset. The modeled power gains are then correlated with hourly electricity prices for the nearest transmission node. Through this process we find that wake steering increases annual energy production (AEP) between 0.4 % and 1.7 %, depending on the wind plant, with average increases in potential annual revenue (i.e., annual revenue of production, ARP) 4 % higher than the AEP gains. For most wind plants, ARP gain was found to exceed AEP gain. But the ratio between ARP gain and AEP gain is greater for wind plants in regions with high wind penetration because electricity prices tend to be relatively higher during periods with below-rated wind plant power production, when wake losses occur and wake steering is active; for wind plants in the Southwest Power Pool – the region with the highest wind penetration analyzed (31 %) – the increase in ARP from wake steering is 11 % higher than the AEP gain. Consequently, we expect the value of wake steering, and other types of wind farm flow control, to increase as wind penetration continues to grow.
17 WIND ENERGY↗
Flexible Services Directory: Overview of Capability Requirements for Flexibility Services in U.S. Energy Markets
This report describes the capability requirements for flexibility services offered in U.S. electricity markets. It is intended to serve as a directory of such services—a Flexibility Services Directory—used to design and assess grid resources, typically generation or storage resources, able to offer such services.
13 HYDRO ENERGY↗
Microreactor-liquid metal battery system in energy markets: An evaluation of potential costs, technology, and policy impacts
Microreactors represent an emerging innovation in the nuclear industry; yet have been overshadowed by their high capital costs. With the Inflation Reduction Act of 2022 (IRA), new opportunities have emerged to improve the economics of microreactor systems. This work examines liquid metal batteries (LMB) as a value-adding technology as part of microreactor-LMB systems within three U.S. electricity markets: ERCOT, PJM, and MISO. Our investigation considers key uncertainties: the cost of microreactors, the performance of LMBs, and the eligible tax credit levels. To this end, we use a dispatch optimization to trace not only the changes in system economics but also to provide a granular picture of energy delivery within the systems. We find that even with favorable costs for microreactors, significant regional variations in the project sizing and returns exist across the markets. Our heuristic method identifies their non-electric application potentials beyond electricity and technical requirements to maximize returns. The results suggest that 12–39 % of reactor heat could be cost-effectively diverted to produce more valuable by-products in U.S. markets. Including the impacts of tax credits, we establish the outcomes of each provision with varying rates. Coupling an LMB to a microreactor consistently improves the net present value of a microreactor compared to its standalone operation. In conclusion, for reasonable assumed conditions, we quantify a heterogeneous impact of round-trip efficiency (RTE) and extended LMB service life across the three markets—a one-year extension in LMB service life is roughly equivalent to a 2.11 % improvement in RTE for ERCOT, 1.16 % for PJM, and 1.04 % for MISO.
22 - GENERAL STUDIES OF NUCLEAR REACTORS↗
Integrating gas energy storage system in a peer-to-peer community energy market for enhanced operation
Not Available
Basnet, Ashim↗
Using building cooling for load shifting on a 5-minute wholesale energy market
Not Available
Jarvinen, Jason (ORCID:0000000305058394)↗
On the Feasibility of Market Manipulation and Energy Storage Arbitrage via Load-Altering Attacks
Around the globe, electric power networks are transforming into complex cyber–physical energy systems (CPES) due to the accelerating integration of both information and communication technologies (ICT) and distributed energy resources. While this integration improves power grid operations, the growing number of Internet-of-Things (IoT) controllers and high-wattage appliances being connected to the electric grid is creating new attack vectors, largely inherited from the IoT ecosystem, that could lead to disruptions and potentially energy market manipulation via coordinated load-altering attacks (LAAs). In this article, we explore the feasibility and effects of a realistic LAA targeted at IoT high-wattage loads connected at the distribution system level, designed to manipulate local energy markets and perform energy storage (ES) arbitrage. Realistic integrated transmission and distribution (T&D) systems are used to demonstrate the effects that LAAs have on locational marginal prices at the transmission level and in distribution systems adjacent to the targeted network.
25 ENERGY STORAGE↗
Energy Storage Market Transformation Through Stored Energy Targets
Aggressive energy decarbonization targets will require the rapid deployment of renewable energy in the U.S. in coming years. As the amount of variable generation on the grid grows, there will be an increasing need for long-duration energy storage (LDES) technologies to maintain grid reliability. Meeting that need will require a suite of technology alternatives with different capabilities. Many of these alternatives, however, are in a nascent state and face significant commercialization challenges. In the last decade, 10 U.S. states have enacted energy storage mandates as a vehicle for market transformation to accommodate energy storage. Those mandates, however, fail to send appropriate investment signals for LDES technologies because they are based on energy storage capacity and treat all technologies the same, regardless of duration. This paper explores the idea of replacing capacity-based storage procurement targets with stored energy targets, which would be technology-neutral policies designed to enable the market transformation necessary to support a competitive LDES industry.
Twitchell, Jeremy B.↗
Energy Storage Grand Challenge: Energy Storage Market Report
As part of the Department of Energy's (DOE) Energy Storage Grand Challenge (ESGC), DOE intends to synthesize and disseminate best available energy storage data, information, and analysis to inform decision-making and accelerate technology adoption. The ESGC Roadmap provides options for addressing technology development, commercialization, manufacturing, valuation, and workforce challenges to position the United States for global leadership in the energy storage technologies of the future. This report provides a baseline understanding of the numerous, dynamic energy storage markets that fall within the scope of the ESGC via an integrated presentation of deployment, investment, and manufacturing data from the best, publicly-available sources. This report covers the following energy storage technologies: lithium ion batteries, lead acid batteries, pumped storage hydropower, comrpessed air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long duration energy storage technologies. Not all energy storage technologies and markets could be addressed in this report. Due to the wide array of energy technologies, market niches, and data availability issues, this market report only included a select group of technologies. For example, thermal energy storage technologies are very broadly defined and cover a wide range of potential markets, technology readiness levels, and primary energy sources. In other areas, data scarcity necessitates a greater understanding of future applications and emerging science. Future efforts will update data presented in this report and be expanded to include other energy storage technologies. This data-driven assessment of the current status of energy storage markets is essential to track progress toward the goals described in the Energy Storage Grand Challenge and inform the decision-making of a broad range of stakeholders. At the same time, gaps identified through the development of this report can point to areas where further data collection and analysis could provide an even greater level of understanding of the full range of markets and technologies. Finally, numerous complementary analyses are planned, underway, or completed that will provide a deeper understanding of the specific technologies and markets covered at a high-level in this report.
25 ENERGY STORAGE↗
Foreward: Advancing the U.S. Offshore Renewable Energy Industry through Marine Renewable and Offshore Wind Energy Development
Foreward to special issue of MTSJ Journal: Energy security … it’s what everyone is talking about, and for good reason. Against the backdrop of a changing climate in which nearly two-thirds of electricity generation is credited to fossil fuels (IEA, 2019a), countries around the world are diversifying their energy portfolios, suppliers, and energy routes to reduce vulnerabilities to energy security risks (U.S. Chamber of Commerce, 2020). Energy security concerns are related to fuel supply chains, electricity generation, transmission, distribution, energy market functionality, and energy system resiliency (DOE, 2017). These concerns demonstrate the need for well-functioning and competitive energy markets and diverse sources and routes of energy supply (DOE, 2017). In addition, environmental protection, efficiency and infrastructure improvements, energy innovation, emergency response, and resilience are also needed (DOE, 2017). Renewable energy generation is, and will continue to be, a major contributor in energy portfolio diversification, which will reduce reliance on foreign energy sources (IEA, 2019b; Aslantürk & Kiprizli, 2020) and support global decarbonization (Sims, 2004; Rockström et al., 2017; Arabzadeh et al., 2020).
marine renewable energy (MRE), offshore wind energ↗
Capacity Markets for Transactive Energy Systems
Capacity markets provide important incentives for resource adequacy in electricity markets and may become more important for providing sufficient revenue and generation capacity with changes to energy market prices driven by increasing levels of zero marginal cost resources. However, current capacity market designs also have important shortfalls that may limit the benefits they can provide to the future grid. Current capacity markets are primarily designed for participation from conventional thermal generators, but markets are evolving with increasing levels of variable renewable energy resources. However, further reforms may be necessary to enable more participation from DERs and demand-side resources. To understand the benefits and shortfalls of current capacity market design, we review the historical reasons electricity markets have needed capacity markets or capacity payments for resource adequacy, and how current capacity market designs may create challenges for incorporating increasing levels of DERs and demand-side resources. We then consider how transactive systems, which allow the coordination of bids and offers for DERs and demand-side resources through a market interaction approach, administered by a Distribution System Operator (DSO), can address traditional resource adequacy problems due to inelastic consumer demand. We also consider the need for a DSO-level capacity market in helping to meet resource adequacy, reliability, and other electricity market objectives. We find that because the missing money in electricity markets is largely driven by incentives to meet resource adequacy goals, and the bulk grid would always supply power to the DSO, that resource adequacy is unlikely to be a determining factor in the need for a DSO-level capacity market. Many current reliability problems could also be addressed by the incorporation of more flexible demand enabled with transactive energy systems. However, other DSO objectives, including resilience, reactive power, voltage control, environmental policies, and energy equity could lead to specific challenges that could be aided by a DSO-level capacity market. We consider the possibility of a DSO-level capacity market in addressing these challenges as well as its potential role in coordinating with the Independent System Operator (ISO) who operates the wholesale market. We conclude with suggestions for future research, including the need to develop analytical models of DSO-level capacity market designs to address these potential objectives and examine their implications for DSOs and consumers.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
A Multidisciplinary Approach to Integrated Energy Systems: Advanced Nuclear Plants with Thermal Storage for Dynamic and Flexible Operation in Diverse Markets
Energy supply, distribution, and demand are continuously evolving in accordance with the integration of new power generation sources. In the United States, there is a progressive shift toward incorporating fluctuating energy sources such as wind and solar into the energy mix, alongside the distributed generation. Simultaneously, we are seeing a revolution in consumer technologies such as electric vehicles, energy devices for both residential and commercial use, and industrial processes—all contributing to a fundamental change in energy consumption dynamics. These scenarios have led to huge demand for enhanced flexibility from nuclear power plants (NPPs), requiring them to operate with unprecedented adaptability. Furthermore, advanced NPPs (A-NPPs) could potentially apply to scenarios in which power generation flexibility is prioritized over its current and conventional baseload generation capacity for traditional demand patterns. The present work covers several configurations for coupling nuclear energy production with thermal energy storage (TES). Previous work evaluated systems entailing a simple nuclear-TES configuration that used steam as a heat source for the TES of three different advanced reactors (ARs), but its heat diversion ratio (HDR) for charging was limited. The present work proposes a new configuration that features full decoupling of the nuclear reactor and the power cycle, using reactor coolant (i.e., gas) as a heat source for the TES and offering a theoretically unlimited HDR. This configuration is, however, more complex, as both high- and low-temperature TES (HT-TES and LT-TES) systems are required in order to cover the extended temperature range. Although this configuration imposes certain limitations on the discharge system configuration, it also presents the opportunity to design a more efficient system. For this case in particular, a steam reheat cycle is advantageous. Conventional TES systems take advantage of nominal efficiency when discharging, whereas the reheat cycle in the fully decoupled TES system affords a significant efficiency increase over conventional cases. Material selection, component/equipment sizing, and costing analyses were performed, followed by economic dispatch and size optimization. Dynamic models were developed for the decoupled system in order to generate insights into aspects of off design operation (e.g., drops in cycle efficiency), and these models enable exploration of potential mitigation strategies for addressing such drops. The models also highlight the need to design fail-safes that ensure continuous operational stability and minimize the impact of power ramping on the reactor parameters.
21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗
The impacts of COVID-19 on clean energy labor markets: Evidence from multifaceted analysis of public health interventions and COVID-health factors
COVID-19 pandemic has affected clean energy labor market. Using real-time job vacancy data, this study analyzes the impacts of the pandemic on the U.S. clean energy labor market in 2020, including biomass, energy efficiency (EE), electric vehicle (EV), power/microgrid, solar, and wind industries. This study identifies how COVID-health factors and public health interventions influence clean energy job availability during the early COVID pandemic. Overall, California had the most energy jobs and experienced a significant decrease in April 2020. EV and solar had the highest percentages of job vacancies during the pandemic in general. Still, lockdowns had the most severe influence on EE and wind jobs. Stay-at-home orders negatively affected clean energy job vacancies in biomass, EV, power/microgrid, and wind. Social-gathering restrictions, however, did not have much influence. Increased COVID tests at the state level had the strongest and most positive influence on clean energy job postings, indicating the importance of a state's ability to manage public health infrastructure or crisis issues. COVID hospitalizations negatively influenced the job vacancies in biomass and wind but did not affect the other four sectors; conversely, as COVID death numbers increased, the number of jobs in biomass, EV, power grid, solar, and wind decreased, but not in EE jobs.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Supporting the Transition from Grid-Scale to Emerging Market Wave Energy Converter Design and Assessment
In the past decade there has been increasing interest in emerging markets for wave energy, both as a stepping stone for development and as a way to create new opportunities for offshore markets such as ocean observation or desalination. Developers who were once focused exclusively on grid-scale development have begun to engage with more unique markets. This has led researchers to begin examining means of assessing emerging-market devices. In this paper, we analyze the Technology Performance Level (TPL) Assessment for its potential use in the assessment of emerging market wave energy converters (EM-WECs). We use Quality Function Deployment (QFD) and a question-by-question analysis of the TPL assessment to determine the changes necessary for such an assessment to be applicable in emerging markets. We discuss how the primary differences between the markets could impact the viable development pathways for developers hoping to succeed in multiple markets. We determine that the different stakeholders and stakeholder requirements of some emerging markets compared to gridscale applications should be met with changes to cost-toperformance metrics, prototype testing processes, recovery planning, materials selection, optimization objectives, and public engagement.
blue economy↗
Potential for Transactive Energy to Improve the Provisioning of Grid Services from Batteries
This study assessed the degree to which transactive energy systems could help reduce or remove barriers to the deployment of battery energy storage, and realize the full potential of battery resources to supply needed services to the grid and fairly compensate various types of battery owners. To enable this assessment, typical battery deployments were characterized, along with energy markets, Federal Energy Regulatory Commission Order rulings and implementations, grid services, and current deployment barriers. Finally, this study analyzed the value that accrues to batteries supplying today’s grid services as a function of the participation models associated with three primary types of battery ownership: merchant-owned transmission-connected batteries; utility-owned distribution-connected batteries; and customer-owned behind-the-meter batteries. This provided both quantitative and qualitative assessments comparing opportunities for battery storage in business-as-usual and transactive energy scenarios.
24 POWER TRANSMISSION AND DISTRIBUTION↗
Zero Export Feeder Through Transactive Markets
This project is aimed at creating a transactive energy market to address the challenges faced by utility providers when increasing distributed energy resource (DER) adoption in their service area. One major challenge is mitigating export back to the grid during times of excess production. The transactive energy market operates at the distribution level and balances the supply and demand on the feeder, thus maintaining a zero-energy export at the primary feeder head. The market participants in this case are the residential customers on the feeder, who bid into the market. Building controls are then optimized based on the settled price. Market performance was demonstrated in this study by simulating different levels of DER penetration on a selected Pepco feeder. The feeder successfully achieved a zero export while providing cost-effective electricity to the participants, demonstrating that this market design can enable high DER penetration on existing feeders.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Software defined grid energy storage
Today, consumer battery installations are isolated, physical devices. Virtual power plants (VPPs) allow consumer devices to aggregate for grid services, but they are are vertically integrated, vendor controlled systems (e.g., Tesla’s VPP). Consumer batteries are therefore unable to participate in energy markets or other grid services outside what their vendor provides. We describe a software system that provides software control of multiple, networked battery energy storage systems in the electric grid. The system introduces two new ideas that enable flexible and dependable management of energy storage. The first is a virtual battery, which can either partition a battery or aggregate multiple batteries. The second is a reservation-based API which allows asynchronous control of batteries to meet contractual guarantees in a safe and dependable manner. Virtual batteries and a reservation-based API address the unique challenges of achieving high and efficient utilization of energy storage systems, including heterogeneity of battery systems such as varying C-rates, participation in energy markets, utility bill management systems, community resource sharing, and reliability. Using a testbed comprised of sonnen Inc. storage units installed in several homes and a lab, we demonstrate that virtualized batteries can seamlessly replace physical batteries, flexibly manage energy storage resources, isolate multiple clients using a shared battery, and create new energy storage applications.
25 ENERGY STORAGE↗