Results for “Economic Impact” — Page 3

DOE OSTI2024

Is Clean Hydrogen Production a Good Fit for Questa? Final Economic Impact Results

The Village of Questa, New Mexico is aiming to become a regional clean energy hub with robust and diverse employment opportunities for the local community supported by the energy sector and by other businesses inspired or attracted by abundant clean energy, outdoor recreation, and cultural opportunities. A coalition of stakeholders in the Village of Questa, comprising the Village, Kit Carson Electric Cooperative (KCEC), Questa Economic Development Fund, and Chevron, is exploring options to develop hydrogen production facilities as an opportunity to create jobs, provide reliable clean energy, and utilize former mine resources. Questa is home to a molybdenum mine owned by Chevron that closed in 2014. Several residents in Questa and surrounding communities lost their jobs when the mine closed and transitioned from active operations into environmental remediation. Although remediation efforts have been ongoing since 2014 and are expected to continue for at least 16 more years, the number of jobs with Chevron is much smaller now than it was before the closure. Between available workforce, brownfield land, and water rights formerly supporting mine operations but now in a transition period, there are considerable local resources that could be directed toward clean energy generation. Questa's electricity supply is already 100% solar during daylight hours thanks to Kit Carson Electric Cooperative's (KCEC's) strategic decision-making and partnering over the last decade. Now, Questa, KCEC, and Chevron are exploring the potential costs and benefits of siting an electrolytic hydrogen production facility and additional solar photovoltaic (PV) capacity in Questa to further advance the region's clean energy economy. In this report, we estimated the potential economic impacts (i.e., jobs, value added, gross output, tax revenue) of constructing and operating a combined hydrogen (32 MW polymer electrolyte membrane electrolizer + 7.5 MW fuel cell) and solar facility (22.5 MW) in the Village of Questa, as well as the resulting economic spillovers to Taos County and the state of New Mexico. We employ an input-output model that leverages IMPLAN's economic data for the region complemented by construction and operating expenses estimated by NREL and feedback from the local coalition to evaluate the direct, indirect and induced effects of the project construction (transient impacts) and operation (more permanent impacts). Based on the area's average trade profile, feedback from the coalition and current market conditions, these projects are expected to support 487 full-time equivalent jobs during construction, generating $\$24$ million in income for those workers and $\$82$ million in local economic activity in the state. Of those jobs, 106 are expected to be construction sector jobs. These investments are also estimated to add $\$36.5$ million to New Mexico's gross state product (GSP). In the Village of Questa, we estimate 16 jobs will be supported in construction and transportation industries, generating $\$0.9$ million in earnings. In Taos County, the construction phase is expected to support 285 jobs primarily in construction and professional services, while manufacturing jobs dominate the results for the Rest of New Mexico. The Village is also estimated to receive $\$0.9$ million in tax revenue from the construction phase alone. Once in operation, the project continues to impact the state and Questa. Around 20 jobs (full-time equivalent for each year of operation) are supported across New Mexico, with approximately 11 directly employed in Questa by both facilities. The total annual local economic activity supported by ongoing operations is just over $\$1.3$ million/yr, generating $\$1.6$ million/yr in additional income in the state. Annual operations are estimated to add $\$2.1$ million to the state's GSP. The Village is expected to receive around $\$43,000$/yr in tax revenue. Impacts vary significantly depending on which businesses are supplying materials, equipment and services, and where construction workers reside. Choosing local suppliers will most benefit Questa and the New Mexico economy, adding up to 500 jobs during construction and 13 long-term jobs. Local and state governments may consider ways to incentivize local businesses in order to maximize economic benefits.

08 HYDROGEN↗

DOE OSTI2024

Is Clean Hydrogen Production a Good Fit for Questa? (Final Economic Impact Results) [Slides]

The Village of Questa, New Mexico is aiming to become a regional clean energy hub with robust and diverse employment opportunities for the local community supported by the energy sector and by other businesses inspired or attracted by abundant clean energy, outdoor recreation, and cultural opportunities. A coalition of stakeholders in the Village of Questa, comprising the Village, Kit Carson Electric Cooperative (KCEC), Questa Economic Development Fund, and Chevron, is exploring options to develop hydrogen production facilities as an opportunity to create jobs, provide reliable clean energy, and utilize former mine resources. Questa is home to a molybdenum mine owned by Chevron that closed in 2014. Several residents in Questa and surrounding communities lost their jobs when the mine closed and transitioned from active operations into environmental remediation. Although remediation efforts have been ongoing since 2014 and are expected to continue for at least 16 more years, the number of jobs with Chevron is much smaller now than it was before the closure. Between available workforce, brownfield land, and water rights formerly supporting mine operations but now in a transition period, there are considerable local resources that could be directed toward clean energy generation. Questa's electricity supply is already 100% solar during daylight hours thanks to Kit Carson Electric Cooperative's (KCEC's) strategic decision-making and partnering over the last decade. Now, Questa, KCEC, and Chevron are exploring the potential costs and benefits of siting an electrolytic hydrogen production facility and additional solar photovoltaic (PV) capacity in Questa to further advance the region's clean energy economy. In this report, we estimated the potential economic impacts (i.e., jobs, value added, gross output, tax revenue) of constructing and operating a combined hydrogen (32 MW polymer electrolyte membrane electrolizer + 7.5 MW fuel cell) and solar facility (22.5 MW) in the Village of Questa, as well as the resulting economic spillovers to Taos County and the state of New Mexico. We employ an input-output model that leverages IMPLAN's economic data for the region complemented by construction and operating expenses estimated by NREL and feedback from the local coalition to evaluate the direct, indirect and induced effects of the project construction (transient impacts) and operation (more permanent impacts). Based on the area's average trade profile, feedback from the coalition and current market conditions, these projects are expected to support 487 full-time equivalent jobs during construction, generating $\$24$ million in income for those workers and $\$82$ million in local economic activity in the state. Of those jobs, 106 are expected to be construction sector jobs. These investments are also estimated to add $\$36.5$ million to New Mexico's gross state product (GSP). In the Village of Questa, we estimate 16 jobs will be supported in construction and transportation industries, generating $\$0.9$ million in earnings. In Taos County, the construction phase is expected to support 285 jobs primarily in construction and professional services, while manufacturing jobs dominate the results for the Rest of New Mexico. The Village is also estimated to receive $\$0.9$ million in tax revenue from the construction phase alone. Once in operation, the project continues to impact the state and Questa. Around 20 jobs (full-time equivalent for each year of operation) are supported across New Mexico, with approximately 11 directly employed in Questa by both facilities. The total annual local economic activity supported by ongoing operations is just over $\$1.3$ million/yr, generating $\$1.6$ million/yr in additional income in the state. Annual operations are estimated to add $\$2.1$ million to the state's GSP. The Village is expected to receive around $\$43,000$/yr in tax revenue. Impacts vary significantly depending on which businesses are supplying materials, equipment and services, and where construction workers reside. Choosing local suppliers will most benefit Questa and the New Mexico economy, adding up to 500 jobs during construction and 13 long-term jobs. Local and state governments may consider ways to incentivize local businesses in order to maximize economic benefits.

08 HYDROGEN↗

DOE OSTI2022

Corresponding Standard Reference Material Data used in Partial Least Squares Regression Models for Sugar Composition Estimates in Biomass in: Economic Impact of Yield and Composition Variation in Bioenergy Crops: Populus trichocarpa

Corresponding Standard Reference Material Data used in Partial Least Squares Regression Models for Sugar Composition Estimates in Biomass in: Economic Impact of Yield and Composition Variation in Bioenergy Crops: Populus trichocarpa (for corresponding manuscript: DOI: 10.1002/bbb.2148) PDF Files: Images of 1H NMR spectra for neutralized 2-stage acid hydrolysates of 4 NIST Standard Reference Material biomass samples (Monterey Pine 8493, Sugarcane Bagasse 8491, Wheat Straw 8494, and Eastern Cottonwood/Poplar 8492) and 2 Center for Bioenergy Innovation reference biomass samples (Poplar - Populus trichocarpa and Switchgrass - Panicum Virgatum). Suppression of the water peak was achieved using a NOESY-1D with presaturation, a recycle delay of 5 s, and a total of 64 scans. Spectra were acquired at 298 K and processed with automatic phase correction, baseline correction, and chemical shift referencing to TSP-d4. Images show all 1H data from 10 to 1ppm with inset spectra of region of interest (4.0 to 3.1 ppm). Text Files: Spectra for neutralized 2-stage acid hydrolysates of 4 NIST Standard Reference Material biomass samples (Monterey Pine 8493, Sugarcane Bagasse 8491, Wheat Straw 8494, and Eastern Cottonwood/Poplar 8492) and 2 Center for Bioenergy Innovation reference biomass samples (Poplar - Populus trichocarpa and Switchgrass - Panicum Virgatum) were converted into text files for plotting. Files contain 8192 points of raw spectral data from 12.23 to -2.78 ppm. The text file contains 4 columns of data and includes: Point number, Intensity, Hz, and ppm. Xcel Spreadsheet: HPLC measured monomeric sugar concentrations and bucketed 1H NMR data used to build monomeric sugar composition prediction models. Sugar composition in biomass determined from HPLC analyses are given in mg sugar/mg of biomass. Spectral bucketing was performed using Bruker’s AMIX software. Spectra were divided into 0.005 ppm buckets in the region of 3.10– 4.15 ppm for a total of 210 buckets. Headers for the bucketed data are the chemical shift in ppm of the center of the bucket. Bucketed data was used to build partial least squares models for subsequent predictions in The Unscrambler v. 10.5(CAMO A/S, Trondheim, Norway). The formation of methanol during hydrolysis interferes with the quantitative NMR analysis of sugars, so the methanol peak centered at 3.37 ppm and spanning four buckets (3.2925 – 3.2775 ppm) was set to zero for all spectra.

09 BIOMASS FUELS↗

DOE OSTI2022

Assessment of Economic Impact of Permitting Timelines on Produced Geothermal Power in Imperial County, California

Despite having a large geothermal power potential in the United States, only a small fraction has been developed for power generation. Various barriers, including technical, financial, and regulatory permit delays, are attributed to lower contribution of geothermal energy in the national grid. Unpredictable environmental reviews and permitting timelines are some of the non-technical barriers that can cause delays in geothermal exploration and utilization plans. Our study shows that the geothermal permitting timelines can vary from six months to several years, depending on the presence or absence of biological resources, cultural resources, and sensitive environmental issues at the project site. The potential impacts of these permit barriers can range from investors abandoning geothermal development to making the product (i.e., electricity) more expensive and uncompetitive. In this study, we conducted economic analysis to assess the impact of permitting timelines on cost of produced electricity from geothermal resources using data from existing geothermal plants as well as prospective sites. In this paper, we present collected timelines data, approach, and results of economic impact of permitting timelines on geothermal power. We evaluated the various environmental management and permit review processes by considering a hypothetical geothermal project in the Salton Sea Known Geothermal Resource Area. Because of the variety of the biological and environmental issues and the involvement of local, state, and federal agencies with overlapping jurisdictions, this project could go through one of the many California Environmental Quality Act (CEQA) and National Environmental Policy Act (NEPA) review scenarios that range from the least to the most complex in its circumstances. The fastest CEQA/NEPA review timelines would have the project completed in six years. In contrast, the project would substantially need longer time to complete if it were located in an area with significant environmental resources or cultural issues that required permitting from various agencies. With increasing project completion timelines, the simplified levelized cost of electricity (sLCOE) can be 4 to 11% higher with longer CEQA/NEPA review timelines than the sLCOE value with the fastest CEQA/NEPA review timeline. Lengthier CEQA/NEPA review timelines could also result in loss of $64 million to $227 million in potential revenue. Such significant economic impacts could determine the success of a geothermal project.

15 GEOTHERMAL ENERGY↗

DOE OSTI2021

The Role of State Utility Regulators in a Just and Reasonable Energy Transition: Examining Regulatory Approaches to the Economic Impacts of Coal Retirements

The ongoing trend of coal retirements has disproportionately affected the socioeconomic health of communities where power plants are located. For many public utility commissions, these impacts have led to important questions around the scope of PUCs’ statutory authority to analyze, consider and mitigate losses to host communities within their role as utility regulators. Due largely to variations in state legislative charges, commissions have taken different approaches to articulating what lies within the public interest.This report examines the authority of PUCs across the country to consider non-energy economic impacts beyond direct ratepayer effects, and summarizes approaches that PUCs, utilities and other stakeholders have used to mitigate the economic fallout of coal retirements, specifically.

01 COAL, LIGNITE, AND PEAT↗

NASA NTRS1972

Economic impact of applying advanced technologies to transport airplanes.

Various technologies have been studied which could have application to the design of future transport airplanes. These technologies include the use of supercritical aerodynamics, composite materials, and active control systems, together with advanced engine designs that provide lower noise and pollutant levels. The economic impact of each technology is shown for a typical fleet of 195-passenger, transcontinental commercial transports cruising at both 0.9M and 0.98M. Comparisons are made with conventional transports cruising at 0.82M. Effects of combining the technologies are discussed. An R & D program aimed at bringing the technologies to fruition is outlined.

Carline, A. J. K.↗

NASA NTRSDate not supplied

Economic Impact Assessments (EIA) of application of GEOGLOWS in Ecuador: Data Gaps, Limitations and Recommendations

In 2022, the United Nations launched the Early Warnings for All (EW4ALL) Program to establish global early warning systems by 2027. To assess the impact of the substantial $3.1 billion annual investment over five years, EW4ALL will consider factors that will require national coordination for the data needed for these assessments. In 2023, Ecuador was identified as one of the world's most climate-vulnerable countries, emphasizing the need to enhance its early warning systems. In 2020, the SERVIR Amazonia hub implemented the GEOGLOWS streamflow forecast service in collaboration with Ecuador's national meteorological agency (INAMHI). GEOGloWS provides 15-day ensemble forecasts and 80 years of historical streamflow data for every river worldwide through a free web service. The World Meteorological Organization has recognized this initiative as essential in contributing to the UN's call to ensure an 'Early Warning for All' by 2027. In 2023, as part of NASA's continuous efforts to fund research for Policy-Relevant Implementations, an economic impact assessment (EIA) was performed to understand the potential socioeconomic benefits of Early streamflow predictions in Ecuador using the GEOGLOWS service. Preliminary findings highlighted that gaps remain in effectively integrating socioeconomic and Earth observation (EO) data to capture the total value of these predictions. Implementing GEOGLOWS has led to valuable hydrological forecasts; however, the total economic benefits have yet to be documented. This study addresses the gaps and makes recommendations for future work that should focus on capturing the socio-economic benefits and costs associated with these forecasts, including their impact on decision-making at national and local levels. Despite the daily use of GEOGLOWS by key figures, including the President of Ecuador, the need for comprehensive recommendations and assessments is urgent.

Reetwika Basu↗

DOE OSTI2022

Economic Impact of Permitting Timelines on Geothermal Power in California, Nevada, and Utah

The United States has great geothermal power potential; however, only a small fraction of this resource has been utilized for power generation. Various barriers, including technical, financial, and regulatory permit delays, are attributed to the lower penetration of geothermal energy into the national grid. Unpredictable environmental reviews and permitting timelines are some of the non-technical barriers that can cause delays in geothermal exploration and utilization plans. This document provides an assessment of the potential economic impact of permitting costs and timelines on geothermal power in California, Nevada, and Utah. Development of geothermal resources requires multi-layered regulatory permitting by local, state, and federal agencies. In this study, we collected and reviewed permit timelines and associated cost data for several existing geothermal power plants as well as for geothermal projects currently undergoing permitting processes for exploration and development activities in California, Nevada, and Utah. We interviewed several geothermal developers and staff from multiple permitting agencies to obtain insight from both sides (i.e., people applying for permits and people processing those applications for California Environmental Quality Act [CEQA] and National Environmental Policy Act [NEPA] reviews and other regulatory compliance). The intent of this project was also to identify informative pathways for the geothermal stakeholder community by which the permitting process could be streamlined.

15 GEOTHERMAL ENERGY↗

NASA NTRS2012

Alabama Disasters: Leveraging NASA EOS to Explore the Environmental and Economic Impact of the April 27 Tornado Outbreak

The disastrous tornado outbreak in Alabama on April 27, 2011 greatly impacted the economy of the state. On record, the tornado outbreak was the second deadliest tornado outbreak in U.S. When considering the agricultural and value-added activities such as food and timber processing, farm inputs, manufacturing, transportation, and retail sales, the dollar value of Alabama agribusiness annually exceeds $40 billion (NASS, 2011). This research aims to examine how the timber and agriculture damage affected the state economy of Alabama and will be used to aid in long-term economic recovery. ASTER imagery was used along with ground-truthed NASS (National Agriculture Statistics Service) crop location records to verify the economic impact tornadoes had on the agricultural economy of the state. This swath damage can be calculated by correlating tornado path with NASS statistics on crop yield, precisely showing the fields affected and dollars lost to this disaster. Not only can this be executed manually using ENVI and ArcGIS, but also through the use of Python, a programming language that has the ability to automate the process, creating a product for initial damage assessment.

Herdy, Claire↗

NASA NTRS2012

Alabama Disasters: Leveraging NASA EOS to Explore the Environmental and Economic Impact of the April 27 Tornado Outbreak

The disastrous tornado outbreak in Alabama on April 27, 2011 greatly impacted the economy of the state. On record, the tornado outbreak was the second deadliest tornado outbreak in U.S. When considering the agricultural and value-added activities such as food and timber processing, farm inputs, manufacturing, transportation, and retail sales, the dollar value of Alabama agribusiness annually exceeds $40 billion (NASS, 2011). This research aims to examine how the timber and agriculture damage affected the state economy of Alabama and will be used to aid in long-term economic recovery. ASTER imagery was used along with ground-truthed NASS (National Agriculture Statistics Service) crop location records to verify the economic impact tornadoes had on the agricultural economy of the state. This swath damage can be calculated by correlating tornado path with NASS statistics on crop yield, precisely showing the fields affected and dollars lost to this disaster. Not only can this be executed manually using ENVI and ArcGIS, but also through the use of Python, a programming language that has the ability to automate the process, creating a product for initial damage assessment.

Herdy, Claire↗

DOE OSTI2022

Drivers of Future Physical Water Scarcity and Its Economic Impacts in Latin America and the Caribbean

Future water scarcity is a global concern with significant impacts on the energy, water, and land (EWL) sectors. Countries in Latin America and the Caribbean (LAC) are significant producers of agricultural goods consumed around the world, so disruptions resulting from land and water scarcity in LAC are a source of global supply chain risk. Understanding where water scarcity in LAC could occur and what could drive that scarcity to emerge is critical for strategic resource management and planning, both regionally and globally. Assessing future water scarcity impacts in LAC is challenging given the multisector dynamic interactions among the EWL sectors and the multiple uncertainties acting across different spatial scales. We use scenario discovery to explore the drivers of future water scarcity, considering assumptions related to climate, socioeconomics, and the EWL sectors. Understanding what factors drive uncertainty across outcomes can help stakeholders in targeting long-term solutions and future data collection efforts. To illuminate these dynamics, we use a database consisting of a large ensemble of scenarios representing diverse worlds simulated using the Global Change Analysis Model. We quantify future water scarcity and its economic impacts across the scenarios using three metrics: (1) physical water scarcity, (2) water price, and (3) crop profit. We find that physical water scarcity and water price are driven primarily by reservoir storage capacity assumptions, highlighting the importance of strategic water infrastructure development in maintaining future water availability and accessibility. Crop profit is driven by a combination of water supply and demand assumptions, which emphasizes the complex nature of EWL multisector dynamics. While most of LAC is poised to have abundant land and water resources available for development, water basins in Mexico and along the Pacific coast of South America experience high levels of severity and uncertainty across the future scenarios for at least one of the metrics. We find that the drivers of extreme scarcity vary spatially and across the metrics, further highlighting the heterogeneity of the region and the importance of considering multiple metrics to assess water scarcity vulnerability.

54 ENVIRONMENTAL SCIENCES↗

DOE OSTI2021

Evaluating the economic impact of water scarcity in a changing world

Abstract Water scarcity is dynamic and complex, emerging from the combined influences of climate change, basin-level water resources, and managed systems’ adaptive capacities. Beyond geophysical stressors and responses, it is critical to also consider how multi-sector, multi-scale economic teleconnections mitigate or exacerbate water shortages. Here, we contribute a global-to-basin-scale exploratory analysis of potential water scarcity impacts by linking a global human-Earth system model, a global hydrologic model, and a metric for the loss of economic surplus due to resource shortages. We find that, dependent on scenario assumptions, major hydrologic basins can experience strongly positive or strongly negative economic impacts due to global trade dynamics and market adaptations to regional scarcity. In many cases, market adaptation profoundly magnifies economic uncertainty relative to hydrologic uncertainty. Our analysis finds that impactful scenarios are often combinations of standard scenarios, showcasing that planners cannot presume drivers of uncertainty in complex adaptive systems.

54 ENVIRONMENTAL SCIENCES↗

DOE OSTI2022

The Economic Impact of Battery Degradation Modelling Uncertainty

Battery energy storage systems (BESS) are used for a variety of applications, with their economic benefit often being the decisive factor for deployment. A multitude of physico-chemical aging mechanisms lead to capacity fade over a BESS life cycle. The models that are used to describe this capacity fade are prone to inherent model errors. Through a holistic techno-economic modelling approach, we investigate the impact of battery degradation modelling uncertainty on the economic benefit of representative BESS applications. Here, it is shown how improved parameter fit quality can reduce the resulting economic uncertainty. Furthermore, we highlight that the consideration of degradation modelling uncertainty is especially crucial when: (i) the cash flow highly depends on the available battery capacity, (ii) a fixed, e.g. warranty mandated, state of health limit acts as the threshold for battery end-of-life, (iii) long evaluation periods and low discount rates are the focus of economic evaluation.

aging↗

DOE OSTI2021

Techno-Economic Impact Assessments of Energy Efficiency Improvements in the Industrial Combustion Systems

Industrial energy efficiency assessments not only provide benefits to manufacturers but also generate significant economic and environmental benefits to localities, states, and the nation through indirect and induced benefits. Quantifying these benefits requires a systematic economic framework for capturing these interactions. This article employs methodologies for improving the energy efficiency of small- and medium-sized industry through their combustion systems. Combustion systems offer large opportunities to enhance energy efficiency through adopting advanced technologies and better-informed operations. The case studies presented illuminate the potential savings and impacts from implementing energy-efficient combustion recommendations and the importance of energy audits and energy efficiency in the fight against climate change. This study describes and quantifies the cascading economic and environmental impacts of implementing the industrial energy efficiency recommendations offered by an energy auditing program by participating facilities over a 10-year period. Results showed that it is expected that a total of $185 M would be saved in energy costs, and 2.3 million metric tons of carbon dioxide emissions would be avoided annually, and about 972 jobs could be created in the studied region if all the combustion recommendations would be implemented. Furthermore, the broader view afforded by the proposed study can be used to support better energy-efficient practices in manufacturing facilities, communities, and states.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

DOE OSTI2020

Climate Change Science Review 2018 and Associated Social and Economic Impacts

Climate change and its impacts on average temperature, water supply, agriculture, coastal flooding, biodiversity, social and economic stability, human migration, and overall global stability is one of the leading threats emerging for humanity, and is likely to increase as a threat for decades to come. This report represents a snapshot of climate change data, information, and understanding, as of 2018, and can serve as a kind of benchmark for changes going forward in time. This report covers temperature change and heat effects, atmospheric and ocean circulation, freshwater supply changes, sea level rise and flooding, extreme climate events, oceanic deoxygenation, land degredation, social and economic changes, migration, and food. Data and information on all these issues represent a compelling body of knowledge supporting the scientific hypothesis describing climate change, and an important mile marker in our effort to track the unfolding nature of the problem. A slide presentation that summarizes the content of this report is in Appendix A and can serve as an executive summary for the report.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

NASA NTRS1971

Economic impact of stimulated technological activity

The findings are reported of research into the relationships between technological progress and economic development, with emphasis on several ways in which NASA research and development has aided in the accumulation and commercial application of new or improved scientific and technological knowledge.

Source record↗

DOE OSTI2021

Techno-Economic Impact of Partial String Failurein 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 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 final realized benefits from the battery's market participation.

Fotedar, Vanshika↗

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↗