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Electric transmission value and its drivers in United States power markets

Electric transmission infrastructure plays a vital role during extreme weather and supply disruptions and can enable low-cost electricity systems. This paper contributes to a more complete understanding of the value and cost-effectiveness of transmission, as well as barriers to its development. By studying wholesale energy market prices in the United States between 2012 and 2022, we find that additional transfer capacity between regions would have been especially valuable, with a median value of $116 million per GW per year. This capacity would often have provided balanced benefits to each region. The market value of transmission was highly influenced by a small fraction of time: 5% of hours typically captured at least 45% of the total value. These peak periods were primarily driven by unforeseen changes in conditions within one day of operations. Annualized transmission infrastructure cost estimates were lower than the average market value for most locations, including all links crossing regional seams, where the value-to-cost ratio was often greater than 4. This suggests that there are barriers to developing valuable grid infrastructure. These results complement forward-looking modeling studies and support efforts to improve modeling practices.

Energy economics

Business Models for Scaling Demand Flexibility Volume I – Value proposition characteristics, challenges, and lessons learned from U.S. programs

Load growth at the grid edge is driving increased attention to the distribution system and its ability to enable customer technology adoption in an affordable and timely manner. Key industry stakeholders, including electric utilities and regulators, can benefit from strategies to manage and balance customer needs with infrastructure investments, such as demand flexibility. This report focuses on demand flexibility—the ability to reduce, shift, shed, generate, or modulate loads in response to building and grid needs—to reduce the need for costly grid upgrades by deferring investment needs and increase system reliability by shifting electricity usage during periods of high risk. Specifically, we focus on the emerging characteristics of business models for demand flexibility as a framework to understand how demand flexibility programs generate value. In this report, we focus on demand flexibility value propositions, which provide information on value creation and describe how programs deliver clear benefits that address customer and grid needs. This report discusses the role of value propositions in demand flexibility programs, provides an overview of value propositions for a range of demand flexibility stakeholders, identifies existing challenges to establishing an effective value proposition, and describes lessons learned. This report is part of a series that includes reports on customer relationship management strategies, stakeholder ecosystem management, and program life cycle.

24 POWER TRANSMISSION AND DISTRIBUTION

Utility-Scale Solar, 2024 Edition: Empirical Trends in Deployment, Technology, Cost, Performance, PPA Pricing, and Value in the United States [Slides]

Berkeley Lab’s “Utility-Scale Solar, 2024 Edition” presents analysis of empirical plant-level data from the U.S. fleet of ground-mounted photovoltaic (PV), PV+battery, and concentrating solar-thermal power (CSP) plants with capacities exceeding 5 MWAC (PV plants of 5 MWAC or less, including residential rooftop systems, are covered separately in Berkeley Lab’s companion annual report, Tracking the Sun). Key findings from this year’s report include: -18.5 GWAC of new utility-scale PV capacity came online in 2023, bringing cumulative installed capacity to more than 80.2 GWAC across 47 states. Installed costs continued to fall in 2023. Relative to 2022, capacity-weighted averages decreased by 8% to -$\$1.43$/WAC (or $\$1.08$/WDC). Costs, based on a 7.1 GWAC sample of 76 plants completed in 2023, have fallen by 75% (averaging 10% annually) since 2010. Plant-level capacity factors vary widely, from 6% to 36% (on an AC basis), with a sample median of 24%. -Levelized cost of energy (LCOE) of new 2023 projects increased slightly to $\$46$/MWh prior to the application of tax credits but continued to fall to $\$31$/MWh when accounting for federal incentives. PPA prices have largely followed the decline in solar’s LCOE over time, but newly signed longer-term PPA prices have increased since 2021, to an average of $\$35$/MWh (levelized, in 2023 dollars). -Solar’s average energy and capacity value (i.e., ability to offset costs of other power generation sources) across the U.S. was $\$45$/MWh in 2023. Solar’s average market value was lowest in CAISO ($\$27$/MWh), the market with the greatest solar generation share, and highest in ERCOT ($\$67$/MWh). -Newer solar projects had greater market value in 2023 than their generation costs, yielding $\$1.1$ billion in benefits. Projects built in 2022 delivered on average $\$15$/MWh more market value than their costs in 2023. -Solar’s combined value from wholesale electricity markets, public health and climate damage reduction were greater than generation costs and incentives, yielding $\$13.7$ billion in net benefits in 2023. We estimate U.S. health benefits of $\$24$/MWh and reduced global climate damages of $\$101$/MWh. -Adding battery storage is one way to increase the value of solar. Deployment of 52 new PV+battery hybrid plants set a record with 5.3 GW installed in 2023. Our public data file tracks metadata and PPA prices from more than 100 PV+battery hybrid projects that are already online or that have secured offtake arrangements. -Looking ahead, a massive pipeline of at least 1,085 GW of solar capacity dominates the nation’s interconnection queues at the end of 2023. Nearly 571 GW, or 53%, of that total was paired with a battery – in CAISO it was a staggering 98%. Historically only 10% of the requested solar capacity is built. -For more information, and to explore related interactive data visualizations, go to utilityscalesolar.lbl.gov.

14 SOLAR ENERGY

Value of Geothermal Energy Storage for Supply-Side and Demand-Side Applications

This report presents the results of a study examining the value potential for geothermal energy storage (GES), a long-duration energy storage resource that stores thermal and/or geomechanical energy in the subsurface. GES could benefit the overall U.S. power system by temporally shifting electricity generation (supply-side) or meeting building heating and cooling load (demand-side). This report analyzes supply-side and demand-side opportunities independently because of differences in applications and models. Currently there is significant uncertainty about the development costs for GES, with only a limited number of demonstration plants for electric energy storage and building heating and cooling storage developments. In this report, we estimate the value of supply-side and demand-side GES to the bulk power system in the contiguous United States. Because of the significant uncertainty about GES development costs, this analysis does not consider GES deployment costs but instead focuses on the value of GES to the U.S. electricity system. The estimated values of GES provide reference points for economically competitive commercial cost targets. Supply-side GES is modeled as part of an enhanced geothermal system (EGS) generation plant in NREL's Regional Energy Deployment System (ReEDS) capacity expansion model (Ho et al. 2021). In contrast to conventional geothermal plants, which generate constant power, EGS plants have unique features that may allow for in-reservoir energy storage for flexible generation. Demand-side GES for heating and cooling, including seasonal hot and cold storage and short-duration heat pump storage, is incorporated into a price-taker model using Cambium electricity marginal cost projections. To establish an upper bound for the value of GES, analysis focused on favorable scenarios for storage with high generation from zero marginal cost, variable renewable energy resources. High penetrations of variable renewable energy generation can increase hourly electricity price variability, which increases the value of temporal energy arbitrage for storage technologies like GES.

15 GEOTHERMAL ENERGY

Assessing the Economic Value of Underground Thermal Storage for Hybrid Geothermal Power

Solutions are needed to address resource adequacy in the electric power system for highly decarbonized systems. The storage duration, the length of time a storage device can provide continuous output at its rated capacity, must be sufficient to receive full credit toward resource adequacy. Longer peaks and high fractions of variable renewable generation have increased the required duration to potentially seasonal durations. Underground Thermal Energy Storage (UTES) can be adapted to a hybrid storage power plant or heating and cooling applications to satisfy the need for long-duration storage. In this study, we use the Renewable Energy Deployment System (ReEDS) capacity expansion model to evaluate the increase in value for an enhanced geothermal system (EGS) resources by adding UTES. In modeled scenarios, using geothermal without storage as a baseline we compare the increase in economic value for plants with a range of storage characteristics. The added value of a hybrid storage plant changes depending on assumptions including the length of storage duration, efficiency, and ability to charge storage from the grid during periods of low energy prices. Relating proposed characteristics for geothermal UTES hybrids to the modeled economic value provides insight into economically viable costs for developing UTES as well as what combination of technology characteristics and future energy and policy assumptions drive significant value increases.

capacity expansion model

A Class of Sparse Johnson–Lindenstrauss Transforms and Analysis of their Extreme Singular Values

The Johnson–Lindenstrauss (JL) lemma is a powerful tool for dimensionality reduction in modern algorithm design. The lemma states that any set of high-dimensional points in a Euclidean space can be projected into lower dimensions while approximately preserving pairwise Euclidean distances. Random matrices satisfying this lemma are called JL transforms (JLTs). Inspired by existing $s$-hashing JLTs with exactly $s$ nonzero elements on each column, the present work introduces an ensemble of sparse matrices encompassing so-called $s$-hashing-like matrices whose expected number of nonzero elements on each column is $s$. The independence of the sub-Gaussian entries of these matrices and the knowledge of their exact distribution play an important role in their analyses. Using properties of independent sub-Gaussian random variables, these matrices are demonstrated to be JLTs, and their smallest nontrivial singular values and largest singular values are estimated nonasymptotically using a technique from geometric functional analysis. As the dimensions of the matrix grow to infinity, these singular values are proved to converge almost surely to fixed quantities (by using the universal Bai–Yin law) and in distribution to the Gaussian orthogonal ensemble Tracy–Widom law after proper rescalings. Understanding the behaviors of extreme singular values is important in general because they are often used to define a measure of stability of matrix algorithms. For example, JLTs were recently used in derivative-free optimization algorithmic frameworks to select random subspaces in which are constructed random models or poll directions to achieve scalability, and hence estimating their smallest singular value in particular helps determine the dimension of these subspaces.

97 MATHEMATICS AND COMPUTING

RAIS Generic Soil Background Values

The RAIS offers two approaches to background screening: generic and site-specific. The Generic Background Values tool (https://rais.ornl.gov/tools/bg_search.php) contains generic soil background values for selected metals. These values can be applied to any area across the U.S. Users can compare these values against local background data or supplement an existing background value dataset. Results can be downloaded in .xlsx format.

Dolislager, Fred [Oak Ridge National Laboratory (O

Valuing EV Managed Charging for Bulk Power Systems

When and where electric vehicle (EV) charging occurs has significant implications for power systems supporting widespread EV adoption, especially with high shares of wind and solar generation. This study extends previous works by leveraging detailed simulation models for EV adoption, EV use, EV charging, and bulk power system operations, and by linking them with methods for describing charging flexibility at both the individual vehicle and aggregate levels. This technical potential study focuses on how the value of EV managed charging (EVMC) changes depending on charging flexibility type (within-charging session or within-week scheduling), dispatch mechanism (direct load control or one of several price-based mechanisms), and managed charging participation rate. We show that naively aggregating EV charging flexibility from individual vehicles into megawatt-scale resources grossly overestimates the flexibility of the fleet, because such aggregate models can unrealistically pair, e.g., one already-fully-charged vehicle's ability to increase load with another already-charging vehicle's ability to accept more charge, effectively requesting a charging rate that is infeasible for the latter vehicle. We find per-vehicle bulk system value is highest at low participation rates for all dispatch mechanisms. Factoring in production cost savings, avoided firm capacity savings, and combustion-related power sector emissions savings, we estimate the value of EVMC at low participation rates (5%) to be $33/vehicle-year to $69/vehicle-yr for within-session charging flexibility and $40/vehicle-yr to $120/vehicle-yr for within-week charging flexibility in an envisioned 2038 New England power system and monetary value reported in 2016 U.S. dollars. At 100% participation, per-vehicle value declines to $25/vehicle-yr to $31/vehicle-yr for within-session charging flexibility and to $29/vehicle-yr to $36/vehicle-yr for within-week charging flexibility; however, 100% participation yields the highest total system savings.

ADVANCED PROPULSION SYSTEMS

A computational analysis of effective R-values of buried ducts – the dynamic performance of buried ducts

Here, this paper evaluates the thermal performance of ducts partially or fully buried in loose-fill attic insulation. The overall thermal resistance between the ducts and the attic is referred to as an effective R-value. This paper shows a strong dependency of assumed attic temperature on the effective R-value. Based on the results, the effective R-value can be about twice as much with an attic temperature of 130 °F [54.4 °C], compared to when the attic temperature is 80 °F [26.7 °C]. Thus, this paper provides a polynomial regression equation based on a large set of simulations to determine the effective R-value of buried ducts depending on attic temperature and whether the HVAC system runs in cooling or heating mode. Further, the work presented in this paper investigated the potential impact of convective airflow within the attic insulation, particularly around the ducts. The analysis was based on computational fluid dynamics (CFD) and indicated that convectional forces are presented around the exterior surface of the ducts, but with negligible impact on the overall heat balance between the duct and the attic space.

97 MATHEMATICS AND COMPUTING

Valuing Maintenance Strategies for Fusion Plants as Part of a Future Electricity Grid

Scheduled maintenance is likely to be lengthy and therefore consequential for the economics of fusion power plants. The maintenance strategy that maximizes the economic value of a plant depends on internal factors such as the cost and durability of the replaceable components, the frequency and duration of the maintenance blocks, and the external factors of the electricity system in which the plant operates. Here, this paper examines the value of fusion power plants with various maintenance properties in a decarbonized United States Eastern Interconnection circa 2050. Seasonal variations in electricity supply and demand mean that certain times of year, particularly spring to early summer, are best for scheduled maintenance. Seasonality has two important consequences. First, the value of a plant can be 15% higher than what one would naively expect if value were directly proportional to its availability. Second, in some cases, replacing fractions of a component in shorter maintenance blocks spread over multiple years is better than replacing it all at once during a longer outage, even through the overall availability of the plant is lower in the former scenario.

power plant, maintenance, seasonality, electricity

Toxicity Values for Chemicals

The toxicity values for chemicals contained in this dataset comprise acute, subchronic, and chronic exposure durations. Cancer slope factors, inhalation unit risk, reference dose, and reference concentrations are available. These values should be used in cancer risk and noncancer hazard assessments for the calculation of preliminary remediation goals (PRGs) and hazard characterization. Users can select toxicity values from 10 combinations of exposure durations and cancer/noncancer toxicity values and select up to 1000 chemicals per query. The dataset supports environmental risk assessments, regulatory decision-making, and environmental planning with tools for benchmarking against risk-based standards. This structured approach ensures a robust evaluation of environmental risks tailored to regulatory needs.

Stewart, Debra [Oak Ridge National Laboratory (ORN

Grid Value and Cost of Utility-Scale Wind and Solar: Potential Implications for Consumer Electricity Bills [Slides]

Wind and solar cost declines and wholesale power price fluctuations have once again brought the “hedge value” of renewable energy to front of mind. Meanwhile, recent research has found that cost savings are the most persuasive driver of broad support for renewable energy. Yet whether consumers directly benefit from the price hedge that wind and solar can provide depends on various factors, most notably the contractual and market structures under which these generators operate. Drawing upon a vast amount of plant-level empirical data, we quantify the net market value (“net value”) of wind and solar over time and explore various factors that determine the extent to which consumers can capture and benefit from that value. The focus is on elements that may directly impact consumer electricity bills.

14 SOLAR ENERGY

PubChemLite Plus Collision Cross Section (CCS) Values for Enhanced Interpretation of Nontarget Environmental Data

Finding relevant chemicals in the vast (known) chemical space is a major challenge for environmental and exposomics studies leveraging nontarget high resolution mass spectrometry (NT-HRMS) methods. Chemical databases now contain hundreds of millions of chemicals, yet many are not relevant. This article details an extensive collaborative, open science effort to provide a dynamic collection of chemicals for environmental, metabolomics, and exposomics research, along with supporting information about their relevance to assist researchers in the interpretation of candidate hits. The PubChemLite for Exposomics collection is compiled from ten annotation categories within PubChem, enhanced with patent, literature and annotation counts, predicted partition coefficient (logP) values, as well as predicted collision cross section (CCS) values using CCSbase. Monthly versions are archived on Zenodo under a CC-BY license, supporting reproducible research, and a new interface has been developed, including historical trends of patent and literature data, for researchers to browse the collection. This article details how PubChemLite can support researchers in environmental and exposomics studies, describes efforts to increase the availability of experimental CCS values, and explores known limitations and potential for future developments. The data and code behind these efforts are openly available.

PubChem

Net Present Value Optimization of a Natural Gas Combined Cycle Plant with CO 2 Capture using a Water-Lean Solvent Considering Transient Electricity Price for Multiple Regions

Global CO 2 emissions are increasing at about a 1.5% rate per year. Fossil fuel-based plants are one of the main contributors to this rise. In the power generation industry, fossil fuel plants are dominant, and many plants are under development. In this study, a natural gas combined cycle (NGCC) power plant with postcombustion capture using a leading water-lean solvent is considered. For optimal design and operating schedule, large-scale dynamic optimization is undertaken for net present value (NPV) optimization. The first principle dynamic model of NGCC is developed, including a model of the highly efficient H-class gas turbines. For computational tractability of the dynamic optimization problem, a reduced-order model is developed by using the Hankel singular value decomposition. A waterlean solvent, N-(2-ethoxyethyl)-3-morpholinopropan-1-amine, is used for carbon capture. A model of the capture system is developed in Aspen Plus, which is used to develop a reduced-order model by using ALAMO, a machine learning software. In addition, a reduced model of the CO 2 compression system with a dehydration unit is also considered. The integrated system is used for NPV optimization by using the Python-based PYOMO platform. The PCC process is analyzed for three configurations-conventional packed bed, rotating packed bed (RPB), and a combination of RPB and direct contact cooler. The NPV optimization is performed for 14 regional markets by considering year-long clustered and continuous locational marginal price data with a 1 h interval. Optimization results show that the PCC can achieve 90% CO 2 capture with a positive NPV for six regions. Sensitivity studies conducted by using the PCC configurations indicate that the process is economically feasible for 9 regions out of 14 regional electricity markets with NPV values in the range of 33−540 $MM.

cabon capture

Bootstrap-determined p values in lattice QCD

We present a general method to determine the probability that stochastic Monte Carlo data, in particular those generated in a lattice QCD calculation, would have been obtained were that data drawn from the distribution predicted by a given theoretical hypothesis. Such a probability, or p -value, is often used as an important heuristic measure of the validity of that hypothesis. The proposed method offers the benefit that it remains usable in cases where the standard Hotelling T 2 methods based on the conventional χ 2 statistic do not apply, such as for uncorrelated fits. Specifically, we analyze q 2 , defined as the correlated χ 2 statistic obtained using an arbitrary covariance matrix estimator, and show how to use the bootstrap as a data-driven method to determine the expected distribution of q 2 for a given hypothesis with minimal assumptions. This distribution can then be used to determine the p -value for a fit to the data. We also describe a bootstrap approach for quantifying the impact upon this p -value of estimating population parameters from a single ensemble of N samples. The overall method is accurate up to a 1 / N bias which we do not attempt to quantify. Published by the American Physical Society 2025

71 CLASSICAL AND QUANTUM MECHANICS, GENERAL PHYSIC

RAIS Paducah Background Values

The Paducah Background Values (https://rais.ornl.gov/tools/pgdp_background.html) are from Methods for Conducting Risk Assessments and Risk Evaluations at the Paducah Gaseous Diffusion Plant, Volume 1, Human Health, which sought to establish provisional background values for groundwater and soil. These values were developed by considering agreements reached between the DOE and the regulatory agencies during comment resolution meetings, in the Federal Facility Agreement, and at technical meetings. The Paducah background concentrations are available for soil (surface and subsurface) and groundwater (filtered and unfiltered).

Dolislager, Fred [Oak Ridge National Laboratory (O

Barriers and Opportunities To Realize the System Value of Interregional Transmission

This report identifies barriers within existing rules and operational practices that may limit the system value interregional transmission can provide and identifies a suite of options that could enable greater utilization of and value from interregional transmission. To allow for the variety of power sector structures that exist across the United States, the report divides the evaluation of barriers and opportunities into three sections: common issues that are found in all regions, barriers between non-market or hybrid areas, and barriers between market areas. The report also identifies ambitious, transformative national actions that could unlock transmission value across both market and non-market areas. In the analysis of barriers and potential opportunities for improvement, we recognize these are complex issues that with a diverse set of power system stakeholders and considerations that must be taken into account. The aim of this report is not to make recommendations but to identify options to improve the use of interregional transmission that could be considered alongside other local, state, and regional objectives.

24 POWER TRANSMISSION AND DISTRIBUTION

Consumer Benefits of Clean Energy: The resilience value of residential solar + storage systems in the continental U.S.

Meeting national and state decarbonization goals requires a transition to clean energy technologies. Energy efficiency, demand flexibility, renewable energy and storage can reduce consumers’ electricity bills, lower total electricity system costs, and provide health and resilience benefits. Berkeley Lab developed a series of briefs that explore these consumer benefits of a clean energy transition. Clean energy resources that are located behind the meter have the potential to benefit the hosting customers by providing affordability, environmental, and reliability and resilience value. Solar plus storage systems (PVESS) are clean energy resources that can supply backup power without requiring fuel resupply or increasing local emissions. This report examines the regional value of PVESS for resilience by calculating a benefit-cost ratio (BCR) that considers the annual resiliency benefits of PVESS and the annualized cost of the investment. In addition, we estimate the expected technical mitigation potential of PVESS systems at the county-level to these expected events, and characterize the customer interruption costs by determining the value of lost load at the state level.

14 SOLAR ENERGY