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Results for “techno economics”

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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At least 415 records · Page 23
All sourcesNASA NTRSDOE OSTI
DOE OSTI2025

Techno-economic analysis of synthetic fuel production from existing nuclear power plants across the United States

Abstract Low carbon synfuel can reduce dependence on fossil fuels like diesel and jet fuel, and, with large-scale cost-effective production, contribute to global transportation sector decarbonization, Simultaneously, nuclear power plants are struggling economically due to falling wholesale electricity prices. Converting existing nuclear plants for synfuel production could preserve these low-carbon assets and enable large-scale synfuel production, yet no comprehensive technoeconomic analysis exists. This study evaluates the potential of integrating synthetic fuel production with five US nuclear plants, considering electricity and fuel markets and carbon dioxide source access. Such integration could enhance nuclear plant profitability by up to $792 million and offer a 10% return on investment over 20 years. The hydrogen production tax credit from the 2022 Inflation Reduction Act is crucial, comprising 75% of revenues on average. Carbon feedstock transportation has the highest cost at 35%, followed closely by synfuel production capital costs. Incentive policies are thus key for the decarbonization of the transportation sector and the economic importance of the geographic location of Integrated Energy Systems.

Garrouste, Marisol (ORCID:0000000168388644)↗
DOE OSTI2021

Techno-Economic Impact of Partial String Failure in Multi-string Energy Storage Systems

Electric utilities and large industrial/commercial customers, which integrate multi-MW multi-string energy storage systems (ESS), are typically at a significant risk of string failure. This results in the loss of system performance and capacity. In order to evaluate the accurate costs and benefits associated with a particular battery system, it is essential to incorporate the costs associated with battery string failure and, as a result, reduced capacity. This report analyzes how the economic losses can be estimated based on market rules and ESS availability. A framework for calculation of economic losses is developed and implemented with an illustrative string failure case for Independent System Operator (ISO-NE) forward capacity market. Further scenarios and case studies are analyzed by varying the probability of string failure as well as the capacity bid into the market. These scenarios are used to assess the variability of economic losses and the impact of string failure on the final realized benefits from the battery's market participation.

Fotedar, Vanshika↗
DOE OSTI2023

Design and Techno-Economic Analysis of a 150-MW Hybrid CSP-PV Plant

The interest in concentrated solar power (CSP) has increased significantly over the years since it is dispatchable and requires thermal storage instead of electric storage. When compared to photovoltaics (PV), CSP has a higher Levelized Cost of Electricity (LCOE). In this paper, we present the design of a hybrid power plant using CSP and PV technologies. The hybrid system offers a lower LCOE than CSP but will still have dispatchability. The 150-MW hybrid system consists of 100-MW CSP and 50-MW PV capacity. Furthermore, the CSP system (central receiver system) has a molten salt-based thermal storage of 12 hours. The geographical focus of this study is Pakistan, which is a developing country struggling with energy crises, but which has high solar potential. The hybrid system is modeled using the System Advisor Model (SAM). The results show that by hybridizing CSP with PV, the LCOE can be reduced by 18.5%.

concentrated solar power↗
DOE OSTI2024

Oxygen Storage Incorporated Into Net Power and the Allam–Fetvedt Oxy-Fuel sCO2 Power Cycle—Techno-Economic Analysis

Abstract With the planned future reliance on variable renewable energy, the ability to store energy for prolonged time periods will be required to reduce the disruption of market fluctuations. This paper presents a method to analyze a hybrid liquid-oxygen (LOx) storage/direct-fired supercritical carbon dioxide (sCO2) power cycle and optimize the economic performance over a diverse range of scenarios. The system utilizes a modified version of the NET Power process to produce energy when energy demand exceeds the supply while displacing much of the cost of the air separation unit (ASU) energy requirements through cryogenic storage of oxygen. The model uses marginal cost of energy data to determine the optimal times to charge and discharge the system over a given scenario. The model then applies ramp rates and other time-dependent factors to generate an economic model for the system without storage considerations. The size of the storage system is then applied to create a realistic model of the plant operation. From the real plant operation model, the amount of energy charged and discharged, the capital expenditures (CAPEX) of each system, energy costs and revenue and other parameters can be calculated. The economic parameters are then combined to calculate the net present value (NPV) of the system for the given scenario. The model was then run through the SMPSO genetic algorithm in Python for a variety of geographic regions and large-scale scenarios (high solar penetration) to maximize the NPV based on multiple parameters for each subsystem. The LOx storage requirements will also be discussed.

Engineering↗
DOE OSTI2024

Design-Point Techno-Economics of Brayton Cycle PTES for Combined Heat and Power

Pumped thermal energy storage (PTES) systems are grid batteries that use heat pumps to create both hot and cold thermal energy stores when there is excess electricity and then use a power cycle to convert the thermal energy into electricity when there is demand for electricity. In normal operation, Joule–Brayton PTES discharges low-grade heat at temperatures useful for thermal energy consumers like district and industrial heating. Furthermore, PTES designs, like conventional combined heat and power (CHP) technology, can be modified to sacrifice some round-trip efficiency (RTE) to increase the temperature of heat rejection. Here, this paper uses design-point performance and cost models that provide a detailed understanding of the efficiency and cost tradeoffs of rejecting heat at various temperatures in ideal-gas Brayton PTES configurations. First, we keep the heat rejection in its nominal location in the PTES system: in the discharge cycle after the low-pressure exit of the recuperator before the cold-storage heat exchanger. Next, we move the heat rejection to the discharge turbine exit. We define design-point metrics that isolate both the cost and performance penalty associated with the hotter heat rejection and attribute it exclusively to the heat economic metrics. Finally, we estimate the performance of electric heater technology to generate heat at equivalent temperatures. We find that the levelized cost of heat (LCOH), including the cost of thermal energy storage (TES) buffering the PTES and heat off-taker, compares favorably versus electric technologies and is less than the cost of natural gas for low temperature scenarios and competitive with the cost of natural gas in some regions of the contiguous U.S. in high temperature scenarios.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2024

Design-Point Techno-Economics of Brayton Cycle PTES for Combined Heat and Power

Pumped thermal energy storage (PTES) systems are grid batteries that use heat pumps to create both hot and cold thermal energy stores when there is excess electricity and then use a power cycle to convert the thermal energy into electricity when there is demand for electricity. In normal operation, Joule-Brayton PTES discharges low-grade heat at temperatures useful for thermal energy consumers like district and industrial heating. Furthermore, PTES designs, like conventional combined heat and power (CHP) technology, can be modified to sacrifice some round-trip efficiency RTE to increase the temperature of heat rejection. This paper uses design-point performance and cost models that provide a detailed understanding of the efficiency and cost trade-offs of rejecting heat at various temperatures in ideal-gas Brayton PTES configurations. First, we keep the heat rejection in its nominal location in the PTES system: in the discharge cycle after the low-pressure exit of the recuperator before the cold-storage heat exchanger. Next, we move the heat rejection to the discharge turbine exit. We define design-point metrics that isolate both the cost and performance penalty associated with the hotter heat rejection and attribute it exclusively to the heat economic metrics. Finally, we estimate the performance of electric heater technology to generate heat at equivalent temperatures. We find that the levelized cost of heat, including the cost of thermal energy storage (TES) buffering the PTES and heat off-taker, compares favorable versus electric technologies and is less than the cost of natural gas for low temperature scenarios and competitive with the cost of natural gas in some regions of the contiguous United States in high temperature scenarios.

CHP↗
DOE OSTI2023

Techno-Economic Analysis of Reversible and Paired Solid Oxide Cell Systems for Hydrogen Production

This is the Journal of the Electrochemical Society manuscript that details an NETL analysis on comparing the performance and cost of reversible solid oxide cell (SOC) units versus paired fuel cell (SOFC) and electrolysis cell (SOEC) units. The analysis compares tradeoffs such as capital costs versus rate of performance degradation, sensitivity to natural gas prices, sensitivity to imported power costs, and other relevant analyses. The systems include a high rate (98%) of carbon capture. The analysis shows that given a certain cost of electricity input, either approach could be viable in the market and points to the need to incorporate into a full system to understand impacts.

Noring, Alex↗
DOE OSTI2020

Hydrogen and Solid Carbon Products from Natural Gas: A Review of Process Requirements, Current Technologies, Market Analysis, and Preliminary Techno Economic Assessment

In this paper, we review relevant technologies—primarily thermochemical and plasma conversion processes—that use natural gas to produce solid carbon and hydrogen, and recent research progress and commercial activities. Technical challenges include the high energetic requirements necessary for methane activation and, for some catalytic processes, the separation of solid carbon product from the spent catalyst. We assess current and new carbon product markets that could be served given technological advances, and we discuss technical barriers and potential areas of research to address these needs. We provide preliminary economic analysis where it was concluded that the cost of pyrolytically produced CO2-free hydrogen can be potentially reduced to <$4/kg target levels with the co-production and sale of sufficiently high-value carbon products.

Dagle, Robert A.↗
DOE OSTI2020

Data from Biodiesel Production from Engineered Sugarcane Lipids under Uncertain Feedstock Compositions: Process Design and Techno-Economic Analysis

In this study, different process schemes were designed and evaluated for biodiesel production from engineered cane lipids with uncertain fatty acid compositions. Four different process schemes were compared under (i) thermal glycerolysis and (ii) enzymatic glycerolysis approaches. These schemes were based on the biodiesel yield and economic indicators such as the net present value (NPV) and the minimum selling price (MSP) of biodiesel. A scheme with polar lipid separation under thermal glycerolysis resulted in the maximum NPV ($96.5 million) and minimum MSP ($1107/ton biodiesel), respectively. Through local sensitivity analysis, it was concluded that the cane lipid percentage is the most significant factor influencing process economics. A conjoint analysis of the lipid procurement price and cane lipid percent suggested that 15% cane lipids with a low lipid procurement price ($0.536/kg) results in a positive NPV. When the cane lipid price is higher (>$0.80/kg), a 20% lipid content should be considered to achieve a positive NPV. At 20% cane lipids, the worst-case and best-case scenarios were evaluated by analyzing the interplay of the three most important parameters, The best-case scenario revealed that the minimum NPV under any process scheme could yield more than $100 million (or MSP: $0.80/L), and the worst-case analysis showed that losses incurred by the plant could be as high as $80 million (MSP: $1.36/L). A Monte Carlo simulation indicated that there is a 70% chance of the plant being profitable (NPV > 0).

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