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At least 37 records · Page 2

Space-based solar power conversion and delivery systems study. Volume 5: Economic analysis

Space-based solar power conversion and delivery systems are studied along with a variety of economic and programmatic issues relevant to their development and deployment. The costs, uncertainties and risks associated with the current photovoltaic Satellite Solar Power System (SSPS) configuration, and issues affecting the development of an economically viable SSPS development program are addressed. In particular, the desirability of low earth orbit (LEO) and geosynchronous (GEO) test satellites is examined and critical technology areas are identified. The development of SSPS unit production (nth item), and operation and maintenance cost models suitable for incorporation into a risk assessment (Monte Carlo) model (RAM) are reported. The RAM was then used to evaluate the current SSPS configuration expected costs and cost-risk associated with this configuration. By examining differential costs and cost-risk as a function of postulated technology developments, the critical technologies, that is, those which drive costs and/or cost-risk, are identified. It is shown that the key technology area deals with productivity in space, that is, the ability to fabricate and assemble large structures in space, not, as might be expected, with some hardware component technology.

Source record↗

Space power system design and development from an economic point of view

The concept of a satellite solar power system offers a feasible, but unproven, long-range energy alternative. While the basic physics of these systems is understood, many developments are necessary in order to reduce the system cost to the point of being cost-competitive with alternative energy sources. Thus, a substantial technology advancement and verification program, plus test and demonstration satellite programs are necessary before a full-scale satellite can be designed and built. It is important to properly identify those elements of the technology that should be subject to development efforts, the goals of the corresponding development programs and the appropriate funding levels and schedules. Systems studies and designs play a major role in rationally formulating a development program. This paper uses an economic approach to place these studies into a framework for formulating a viable satellite solar power system development plan.

Hazelrigg, G. A., Jr.↗

Evaluation of conventional power systems

The technical, economic, and environmental characteristics of (thermal, nonsolar) electric power plants are reviewed. The fuel cycle, from extraction of new fuel to final waste management, is included. Emphasis is placed on the fossil fuel and nuclear technologies.

Smith, K. R.↗

A Data-Driven Multi-Period Importance Sampling Strategy for Stochastic Economic Dispatch

Power systems with high penetrations of renewable energy (e.g., wind power) require sophisticated approaches to optimize system performance due to uncertainty in short-term system generation capacity. In this paper, we combine a data-driven analog scenario selection method with importance sampling to create a novel scenario construction approach for two-stage stochastic economic dispatch problems with a large number of wind farms on a network. The proposed method produces scenarios with realistic physics by finding high-fidelity analogs that can describe future states of the system. We show how to extend this method to multi-period operations and demonstrate the effectiveness of this technique by simulating economic dispatch operations on a synthetic test system over the course of a week.

data-driven forecasting↗

A Hybrid Approach to Estimating the Economic Value of Enhanced Power System Resilience

The costs that power interruptions impose on customers and society have emerged as essential considerations for decision making about power system reliability and resilience. There is well-established literature on the direct costs of localized and relatively short-duration power interruptions. However, far less is known about the costs of widespread and long-duration (WLD) power interruptions, especially the indirect costs and related economy-wide impacts of these events. As a result, utility planning activities generally incorporate these costs incompletely or not at all. This report proposes a new approach to estimating WLD power interruption costs to support utility resilience planning studies. Specifically, the paper describes a hybrid method that integrates: (1) empirical surveys of region- and sector-specific inherent and adaptive customer behaviors during and after power interruptions, and (2) computable general equilibrium (CGE) modeling, which estimates the direct and indirect impacts of WLD power interruptions. The report provides both a rationale for the proposed hybrid approach and a roadmap outlining how it could be implemented.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Economic feasibility of in-motion wireless power transfer in a high-density traffic corridor

Electricity is expected to become a dominant power source in the transportation sector, but under a stationary recharging model, electric powered vehicles still suffer some disadvantages relative to conventional vehicles. Recent developments in wireless power transfer (WPT) technology can enable an alternative vehicle recharging model wherein power is supplied to vehicles while they are moving, mitigating the need for charging stops and high-capacity on-board energy storage. One of the greatest concerns associated with dynamic WPT is that the required infrastructure costs would be prohibitively high; however, the life-cycle costs and benefits of such a system have been under-researched. Here in this work, we apply a systems-level assessment to a case study of a WPT charging system located on the densely trafficked I-710 corridor in Los Angeles, California. Detailed cost estimates for electronics and implementation, high-fidelity energy consumption modeling, and survey-derived adoption projections are applied to evaluate scenarios of economic feasibility and environmental impact. Results show that a “1st-of-a-kind” system can achieve a payback in 20 years while maintaining operating cost advantages relative to petroleum fueling. System economics are shown to improve substantially with “nth-of-a-kind” capital costs. Discussion focuses on the effect of uptake trajectory on economic viability and detailed economics outcomes for light duty and heavy duty vehicles.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Assessment of economic factors affecting the satellite power system. Volume 1: System cost factors

The factors relevant to SPS costing and selection of preferred SPS satellite configurations were studied. The issues discussed are: (1) consideration of economic factors in the SPS system that relate to selection of SPS satellite configuration; (2) analysis of the proper rate of interest for use in SPS system definition studies; and (3) the impacts of differential inflation on SPS system definition costing procedures. A cost-risk comparison of the SPS satellite configurations showed a significant difference in the levelized cost of power from them. It is concluded, that this difference is the result more of differences in the procedures for assessing costs rather than in the satellite technologies required or of any advantages of one satellite configuration over the other. Analysis of the proper rate of interest for use in SPS system is 4 percent. The major item of differential inflation to be expected over this period of time is the real cost of labor. This cost is likely to double between today and the period of SPS construction.

Hazelrigg, G. A., Jr.↗

Solar power satellite system sizing tradeoffs

Technical and economic tradeoffs of smaller solar power satellite systems configured with larger antennas, reduced output power, and smaller rectennas, are considered. The differential costs in electricity for seven antenna/rectenna configurations operating at 2.45 GHz and five satellite systems operating at 5.8 GHz are calculated. Two 2.45 GHz configurations dependent upon the ionospheric power density limit are chosen as examples. If the ionospheric limit could be increased to 54 mW sq/cm from the present 23 mW sq/cm level, a 1.53 km antenna satellite operating at 2.45 GHz would provide 5.05 GW of output power from a 6.8 km diameter rectenna. This system gives a 54 percent reduction in rectenna area relative to the reference solar power satellite system at a modest 17 percent increase in electricity costs. At 5.8 GHz, an 0.75 km antenna providing 2.72 GW of power from a 5.8 km diameter rectenna is selected for analysis. This configuration would have a 67 percent reduction in rectenna area at a 36 percent increase in electricity costs. Ionospheric, atmospheric, and thermal limitations are discussed. Antenna patterns for three configurations to show the relative main beam and sidelobe characteristics are included.

Arndt, G. D.↗

Electrical power integration for lunar operations

Electrical power for future lunar operations is expected to range from a few kilowatts for an early human outpost to many megawatts for industrial operations in the 21st century. All electrical power must be imported as chemical, solar, nuclear, or directed energy. The slow rotation of the Moon and consequent long lunar night impose severe mass penalties on solar systems needing night delivery from storage. The cost of power depends on the cost of the power systems the cost of its transportation to the Moon, operating cost, and, of course, the life of the power system. The economic feasibility of some proposed lunar ventures depends in part on the cost of power. This paper explores power integration issues, costs, and affordability in the context of the following representative lunar ventures: (1) early human outpost (10 kWe); (2) early permanent lunar base, including experimental ISMU activities (100 kWe); (3) lunar oxygen production serving an evolved lunar base (500 kWe); (4) lunar base production of specialized high-value products for use on Earth (5 kWe); and (5) lunar mining and production of helium-3 (500 kWe). The schema of the paper is to project likely costs of power alternatives (including integration factors) in these power ranges, to select the most economic, to determine power cost contribution to the product or activities, to estimate whether the power cost is economically acceptable, and, finally, to offer suggestions for reaching acceptability where cost problems exist.

Woodcock, Gordon↗

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

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

Putney, Z.↗

Effects off system factors on the economics of and demand for small solar thermal power systems

Market penetration as a function time, SPS performance factors, and market/economic considerations was estimated, and commercialization strategies were formulated. A market analysis task included personal interviews and supplemental mail surveys to acquire statistical data and to identify and measure attitudes, reactions and intentions of prospective SPS users. Interviews encompassed three ownership classes of electric utilities and industrial firms in the SIC codes for energy consumption. A market demand model was developed which utilized the data base developed, and projected energy price and consumption data to perform sensitivity analyses and estimate potential market for SPS.

Source record↗

Space-based solar power conversion and delivery systems study. Volume 1: Executive summary

The technical and economic aspects of satellite solar power systems are presented with a focus on the current configuration 5000 MW system. The technical studies include analyses of the orbital system structures, control and stationkeeping, and the formulation of program plans and costs for input to the economic analyses. The economic analyses centered about the development and use of a risk analysis model for a system cost assessment, identification of critical issues and technologies, and to provide information for programmatic decision making. A preliminary economic examination of some utility interface issues is included. Under the present state-of-knowledge, it is possible to formulate a program plan for the development of a satellite solar power system that can be economically justified. The key area of technological uncertainty is man's ability to fabricate and assemble large structures in space.

Hazelrigg, G. A., Jr.↗

Assessment of the potential of solar thermal small power systems in small utilities

The potential economic benefit of small solar thermal electric power systems to small municipal and rural electric utilities is assessed. Five different solar thermal small power system configurations were considered in three different solar thermal technologies. The configurations included: (1) 1 MW, 2 MW, and 10 MW parabolic dish concentrators with a 15 kW heat engine mounted at the focal point of each dish, these systems utilized advanced battery energy storage; (2) a 10 MW system with variable slat concentrators and central steam Rankine energy conversion, this system utilized sensible thermal energy storage; and (3) a 50 MW central receiver system consisting of a field of heliostats concentrating energy on a tower-mounted receiver and a central steam Rankine conversion system, this system also utilized sensible thermal storage. The results are summarized in terms of break-even capital costs. The break-even capital cost was defined as the solar thermal plant capital cost which would have to be achieved in order for the solar thermal plants to penetrate 10 percent of the reference small utility generation mix by the year 2000. The calculated break-even capital costs are presented.

Steitz, P.↗

Space-Based Solar Power Conversion and Delivery Systems Study. Volume 1: Executive Summary

The research concerning space-based solar power conversion and delivery systems is summarized. The potential concepts for a photovoltaic satellite solar power system was studied with emphasis on ground output power levels of 5,000 MW and 10,000 MW. A power relay satellite, and certain aspects of the economics of these systems were also studied. A second study phase examined in greater depth the technical and economic aspects of satellite solar power systems. Throughout this study, the focus was on the economics of satellite solar power. The results indicate technical feasibility of the concept, and provide a preliminary economic justification for the first phase of a substantial development program. A development program containing test satellites is recommended. Also, development of alternative solar cell materials (other than silicon) is recommended.

Source record↗

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

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

Putney, Z.↗

Climate-Induced Tradeoffs in Planning and Operating Costs of a Regional Electricity System

Electricity grid planners design the system in order to supply electricity to end users reliably and affordably. Climate change threatens both objectives through potentially compounding supply- and demand-side climate-induced impacts. Uncertainty surrounds each of these future potential impacts. Given long planning horizons, system planners must weigh investment costs against operational costs under this uncertainty. Here, we developed a comprehensive and coherent integrated modeling framework combining physically-based models with cost-minimizing optimization models in the power system. We applied this modeling framework to analyze potential tradeoffs in planning and operating costs in the power grid due to climate change in the Southeast U.S. in 2050. We find that planning decisions that do not account for climate-induced impacts would result in a substantial increase in social costs associated with loss of load. These social costs are a result of under-investment in new capacity and capacity deratings of thermal generators when we included climate change impacts in the operation stage. Finally, these results highlight the importance of including climate change effects in the planning process.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Power sector impacts of the Inflation Reduction Act of 2022

Abstract The Inflation Reduction Act (IRA) is regarded as the most prominent piece of federal climate legislation in the U.S. thus far. This paper investigates potential impacts of IRA on the power sector, which is the focus of many core IRA provisions. We summarize a multi-model comparison of IRA to identify robust findings and variation in power sector investments, emissions, and costs across 11 models of the U.S. energy system and electricity sector. Our results project that IRA incentives accelerate the deployment of low-emitting capacity, increasing average annual additions by up to 3.2 times current levels through 2035. CO 2 emissions reductions from electricity generation across models range from 47%–83% below 2005 in 2030 (68% average) and 66%–87% in 2035 (78% average). Our higher clean electricity deployment and lower emissions under IRA, compared with earlier U.S. modeling, change the baseline for future policymaking and analysis. IRA helps to bring projected U.S. power sector and economy-wide emissions closer to near-term climate targets; however, no models indicate that these targets will be met with IRA alone, which suggests that additional policies, incentives, and private sector actions are needed.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗