Search NASA⌕ Search

SEARCH · Search NASA

Results for “payback period”

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.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 73 records · Page 4

Cost estimates of production scale semitransparent organic photovoltaic modules for building integrated photovoltaics

Building integrated photovoltaics (BIPVs) are attached to commercial and residential structures to enable solar energy harvesting. While conventional Si photovoltaics (PVs) are dominant in the current market, second and third generation thin film solar cells based on amorphous Si, CdTe, CIGS, perovskites or organic photovoltaics (OPVs) are often considered as an alternative for BIPV applications since they may offer reduced costs compared to Si PVs. Indeed, recent advances in performance suggest that lightweight, flexible and visibly transparent OPVs can potentially be integrated into windows or other applications to which Si PVs are less well suited. Here, we estimate the cost of high efficiency, semitransparent OPVs (ST-OPVs) based on solution processing in a roll-to-roll (R2R) manufacturing line. Assuming modules with 10% power conversion efficiency (PCE), a 70% geometric fill factor (GFF), and 95% inverter efficiency, we anticipate a %1.6 per Wp module manufacturing cost that includes the cost of the microinverter to condition the OPV dc output to be compatible with the ac line voltage of the building. The materials and inverter cost comprise ~90% of the total module cost. Hence, with simplified material synthesis and a lower inverter cost, including marginally improved PCE and GFF, we expect the cost can be as low as $0.47 per Wp. Here, while the module costs ~60% of the average (uninstalled) double-pane window, we expect the payback period can be as short as 2 to 6 years, suggesting that OPVs can be an economic and attractive candidate for BIPV applications.

14 SOLAR ENERGY↗

Sizing and Location Selection of Medium‐Voltage Back‐to‐Back Converters for DER‐Dominated Distribution Systems

Medium‐voltage back‐to‐back (MVB2B) converters can connect two distribution systems and quantifiably transfer power between them. This function can enable the MVB2B converter to exchange distributed energy resource (DER)‐generated power between two systems and bring significant value to enhancing distribution system DER adoption. Our previous work analysed and demonstrated the value MVB2B converter can bring to DER integration. As continuous work, this paper presents a methodology that helps address the MVB2B converter sizing and location selection problem in distribution systems with high DER penetrations. The proposed methodology aims to address three critical problems for MVB2B converter implementation in the real world: (1) which distribution systems are better to be connected, (2) what converter size is appropriate for connecting the distribution systems, and (3) where the optimal connection points are in the systems for connecting the MVB2B converter. The proposed methodology has been demonstrated by case studies that include various scenarios involving distribution systems with different dominated load types and high photovoltaic penetrations. The results demonstrate that selecting the optimal converter size based on net revenue and time of return considerations leads to a balance between maximizing energy savings and minimizing financial payback periods. Furthermore, feeder pair selection based on load profile standard deviation effectively identifies systems that derive the greatest value from MVB2B integration. Finally, an optimized connection point selection approach using a voltage load sensitivity matrix ensures minimal system impact while facilitating efficient power exchange. These findings provide practical insights for the real‐world deployment of MVB2B converters to enhance DER hosting capacity and improve grid resilience.

14 SOLAR ENERGY↗

Maximising the investment returns of a grid‐connected battery considering degradation cost

Energy storage systems (ESSs) are being deployed widely due to numerous benefits including operational flexibility, high ramping capability, and decreasing costs. This study investigates the economic benefits provided by battery ESSs when they are deployed for market‐related applications, considering the battery degradation cost. A comprehensive investment planning framework is presented, which estimates the maximum revenue that the ESS can generate over its lifetime and provides the necessary tools to investors for aiding the decision making process regarding an ESS project. The applications chosen for this study are energy arbitrage and frequency regulation. Lithium‐ion batteries are considered due to their wide popularity arising from high efficiency, high energy density, and declining costs. A new degradation cost model based on energy throughput and cycle count is developed for Lithium‐ion batteries participating in electricity markets. The lifetime revenue of ESS is calculated considering battery degradation and a cost–benefit analysis is performed to provide investors with an estimate of the net present value, return on investment and payback period. The effect of considering the degradation cost on the estimated revenue is also studied. The proposed approach is demonstrated on the IEEE Reliability Test System and historical data from PJM Interconnection.

25 ENERGY STORAGE↗

Robust paths to net greenhouse gas mitigation and negative emissions via advanced biofuels

Biofuel and bioenergy systems are integral to most climate stabilization scenarios for displacement of transport sector fossil fuel use and for producing negative emissions via carbon capture and storage (CCS). However, the net greenhouse gas mitigation benefit of such pathways is controversial due to concerns around ecosystem carbon losses from land use change and foregone sequestration benefits from alternative land uses. Here, we couple bottom-up ecosystem simulation with models of cellulosic biofuel production and CCS in order to track ecosystem and supply chain carbon flows for current and future biofuel systems, with comparison to competing land-based biological mitigation schemes. Analyzing three contrasting US case study sites, we show that on land transitioning out of crops or pasture, switchgrass cultivation for cellulosic ethanol production has per-hectare mitigation potential comparable to reforestation and severalfold greater than grassland restoration. In contrast, harvesting and converting existing secondary forest at those sites incurs large initial carbon debt requiring long payback periods. We also highlight how plausible future improvements in energy crop yields and biorefining technology together with CCS would achieve mitigation potential 4 and 15 times greater than forest and grassland restoration, respectively. Finally, we show that recent estimates of induced land use change are small relative to the opportunities for improving system performance that we quantify here. While climate and other ecosystem service benefits cannot be taken for granted from cellulosic biofuel deployment, our scenarios illustrate how conventional and carbon-negative biofuel systems could make a near-term, robust, and distinctive contribution to the climate challenge.

54 ENVIRONMENTAL SCIENCES↗

Techno-economic assessment of electricity market potential for co-located hydro-floating PV systems

Abstract—Harnessing renewable energy from diverse sources is paramount for sustainable power systems. Recently, co-located floating PV (FPV) systems present an intriguing prospect in this context. These hybrid systems, blending hydro and solar power, may offer a more consistent electricity output and potential economic advantages. Yet, assessing their actual potential requires a comprehensive techno-economic assessment. In addition, probabilistic price forecasting has recently gained attention in electricity market because decisions based on such predictions can yield significantly higher profits than those made with point forecasts alone. To this end, this paper embarks on a journey to elucidate the electricity market potential of co-located hydro-FPV systems in a probabilistic fashion to investigate the technological merits and economic viability of co-located hydro-FPV under different market structures. Our preliminary findings suggest that LCOE and payback metrics are sensitive not only to different markets but also to different solar incentives. Concurrently, we also observe that the payback period is generally faster with a production tax credit (PTC) than an investment tax credit (ITC). This assessment serves as a cornerstone for understanding the future prospects of co-located hydro-FPV systems in modern electricity markets.

13 HYDRO ENERGY↗

Analysis of the Value Proposition of High-Efficiency, Multijunction Solar Modules for Residential Rooftop Installations

Utilizing detailed bottom-up models, we analyze the potential markets for high-efficiency photovoltaic modules in the United States. We first estimate the fraction of area-constrained residential rooftops that could benefit from increasing the availability of high-efficiency systems. We then model the impact of efficiency on installed system costs in these area-constrained scenarios. Finally, we explore the value proposition of high-efficiency, fixed-tilt micro-concentrator photovoltaic modules in a series of case studies of residential customers, modeling the levelized cost of energy, payback period, and annual bill savings. We find that efficiency can provide significant savings in installed system cost and improve value to the solar system owner. The improvement in value depends on location and the size of the rooftop, as well as the ability of a given technology to collect diffuse light and achieve low module costs.

14 SOLAR ENERGY↗

Recent Developments in the Design of Vertical Borehole Ground Heat Exchangers for Cost Reduction and Thermal Energy Storage

Ground source (geothermal) heat pumps (GSHPs) can meet the thermal demands of buildings in an energy-efficient manner. The current high installation costs and long payback period limit the attractiveness of GSHP installation in the United States. Vertical borehole ground heat exchangers (VBGHEs), which are commonly used in GSHP systems, contribute most to the cost premium of GSHPs. Reducing the cost of VBGHEs could help increase market penetration of GSHP systems. This paper reviews recent developments for VBGHEs, including improvements in borehole heat transfer and borehole field layout, integration with thermal energy storage, and new design tools. Improvements in the borehole design and materials are more likely to be justified when the ground has high thermal conductivity. Integrating thermal energy storage can provide additional value to the GSHP system, especially when flexible electric demand at buildings becomes more valuable. Here, advanced design tools for VBGHEs that account for the thermal response of irregularly shaped borehole fields and that are more closely integrated with whole-building energy simulation programs may facilitate more innovations and optimization of GSHP system designs.

15 GEOTHERMAL ENERGY↗

Energy Analysis: Ways to Save Energy and Reduce the Emissions in Wastewater Treatment Plants

The key of this study is to explore the primary energy consumers in wastewater treatment plants, which is considered as one of the major energy consumers, and introduces the best solution to save energy and reduce emissions in these facilities. This study is based on the energy assessment and analyses of eleven wastewater treatment plants. Through the investigation, it was found that plants can save up to 44,158 MWh of the energy consumption which is 47% from the total electricity consumption with a 17% reduction in the total utility bills and that about 2.5 million dollars cost savings after reviewing the currently facilitated energy system. Additionally, an average of five years' payback period resulted in most energy-saving recommendations. A vast potential of greenhouse gas emissions can be reduced with a total range reduction between 13 to 35 million kg of CO 2 based on the speed reduction percentage.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Preliminary Pilot-scale Study and Techno-economic Analysis of Chemical Heat Pump with Conventional Nuclear Reactors

The energy economy is continually evolving, particularly in terms of primary energy sources, their conversions to useful forms such as electricity and heat, and their utilization in different sectors, in response to socio-political factors. Because nuclear source is clean and non-carbon-emitting energy source, it is crucial to consider its role in the evolution of the energy economy. A pilot-scale study was conducted for Chemical Heat Pump (ChHP) system at three different scales (25-, 100-, and 1000-kW thermal outputs) using steady state thermal model. To establish the viability of selling heat rather than electricity alone, techno-economic analysis was undertaken for advanced Small Modular Reactor (SMR), and SMR paired with varied thermal output ChHP systems was referred to as the nuclear hybrid energy system (NHES) in this study. Using the U.S. Energy Information Administration statistics, pricing for electricity and natural gas were anticipated for U.S. regions (California, Northwest, Midwest, Southwest, New England, and PJM). Based on thermal output from ChHP, advanced SMR with 100 MWth and four alternative NHES scenarios were explored, namely 50-, 10-, 5-, and 1-MWth. Net present value, payback period, discounted cash flow return, and levelized cost of energy were evaluated for all scenarios. Based on the economic analysis, selling heat to high-temperature industrial processes is more profitable compared to selling electricity only. Higher carbon taxes showed significant improvement in economic parameters for NHESs. Providing heat to high-temperature industries could be beneficial, helping to reduce the greenhouse gas emissions by slashing the fossil fuel consumption.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

Improving the Economic Viability of Biological Utilization of Coal Power Plant CO 2 by Improved Algae Productivity and Integration with Wastewater Treatment

The overall goal of this project was to improve the cost-effectiveness of systems using algae to capture and beneficially utilize CO 2 from the flue gas of coal-fired power plants. Algal biomass cultivation is an attractive alternative for carbon capture and utilization because it can uptake more CO 2 per land area than any other photosynthetic crop. Also, the resulting biomass can be used to make valuable large-market commodity products, such as biofuels and animal feed. However, the use of algal carbon capture has been limited by several factors including: (1) high costs for growing algae (>$\$1,300$/ton), (2) large land requirements for algae cultivation, and (3) environmental concerns about the large amount of water and nutrient inputs needed for growing algae. This project has taken direct aim at resolving these key limitations and demonstrated several viable approaches to improve the economic and environmental feasibility of algal carbon capture. In particular, this project demonstrated a significant increase in average annual algal productivity from baseline values of 8 g/m 2 -day to above 20 g/m 2 -day. This supports a much lower projected cost of algae production (<$\$500$/ton) and reduces land requirements by more than 50%. Additionally, this project confirmed the ability to grow multiple algae species with wastewater nutrients, which facilitates the potential for substantial new revenue streams for algae cultivation based on tipping fees for nutrient laden wastewater. This study highlighted that there is more potential value in wastewater nutrient treatment credits than in the primary commodity products made from algae. The use of wastewater inputs also mitigates the concerns associated with the large amount of water needed for growing algae. The algal biomass grown for this project using wastewater and simulated flue gas inputs were characterized for potential use as an animal feed ingredient. The algae had a protein content in the range of 35-40%, which is between some common commodity animal feed products— distiller’s grains (~25-30% protein) and soybean meal (45-50% protein). In-vitro digestion tests using cattle rumen fluids, showed that this algae biomass was best suited for use as “bypass protein”, which is digested in the animal intestine. Based on the protein content and amino acid profile of the algae grown in this study, it was estimated to have market value in the range of $\$190$-$\$280$/ton. There is potential for higher value feed products if the algae content of omega-3 fatty acids or antioxidants is accounted for. This project also did small scale demonstration of forward osmosis algae dewatering and nanofiltration of hydrothermal liquefaction aqueous products, which were shown to improve the cost and energy balance for producing algal products. When all the improvements demonstrated in this study were included in techno-economic analysis, it showed there was a viable pathway to profitable algal CO 2 utilization with a payback period in the range of six to ten years.

01 COAL, LIGNITE, AND PEAT↗

LA100 Equity Strategies. Chapter 6: Universal Access to Safe and Comfortable Home Temperatures

The LA100 Equity Strategies project integrates community guidance with robust research, modeling, and analysis to identify strategy options that can increase equitable outcomes in Los Angeles' clean energy transition. This chapter focuses on housing weatherization and cooling technologies as means to increase access to safe and comfortable home temperatures. Lack of cooling access and use can have severe health impacts on building occupants during heat waves. Specifically, NREL developed and used a residential building stock model to simulate the energy use of 50,000 dwellings representing the diversity of housing types, appliances, climate zones, and household incomes across Los Angeles. We compared a baseline scenario with seven upgrade scenarios. Five scenarios cooled the entire household and featured cooling systems at varying efficiency levels with various improvements to the envelope, roof, and shading, and two scenarios cooled a single room in a household with no prior cooling using either a room air-conditioning or a heat pump system. For each scenario, we evaluated impacts on utility bills, payback periods, and changes in energy burdens, as well as ability to achieve safe and comfortable temperatures. We also examined the effects of building types (multifamily vs. single-family) on indoor air temperatures. Based on the results of modeling, analysis, and community guidance, we identified six short-term and two long-term strategies for improving access to building envelope upgrades and cooling strategies that could save lives and maintain safe home temperatures for Los Angeles' low-income households during heat waves. Research was guided by input from the community engagement process, and associated equity strategies are presented in alignment with that guidance.

air conditioning↗

03.02.02.45: Energy Efficiency Improvement Approaches in Ice Related Processes

The primary objective of this project was to facilitate the dislocation of the interfacial ice layer by employing advanced materials and ultrasonic vibration to reduce ice adhesion strength. This work employed two technical approaches that were thoroughly investigated and previously reported. The effectiveness of these approaches, both individually and in combination, has been quantified, demonstrating notable energy savings. The projected payback period for these enhancements is approximately 2.2 years or less, contingent upon specific energy costs. Furthermore, these advancements hold significant promise for reducing carbon emissions across various equipment scales. This study particularly focused on the ultrasonic deicing technique for diverse structures, utilizing numerical simulations to evaluate performance and potential benefits.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Pueblo of Laguna Village Community Solar

The project was to install approximately 11.44 kilowatts (kW) rooftop solar photovoltaic (PV) system on the Mesita Village Community Center, an approximately 9.24 kW rooftop solar PV system on the Paguate Village Community Center, an approximately 21.56 kW rooftop solar PV system on the Paraje Village Community Center, and an approximately 11.00 kW rooftop solar PV system on the Seama Community Center, for a total of about 53.24 kW on four village community centers. The systems were expected to generate approximately 93,329 kWh annually. Installing solar PV systems on the four village community centers would have helped achieve the Pueblo of Laguna’s six energy objectives: community development (decreased utility bills, funds for other needs), economic development (training and participation in the renewable energy economy), energy reliability (future storage), community resilience (alternative sources), relationship to people and the natural world (reducing fossil fuel use), and energy sovereignty (Pueblo decision-making). Installing solar PV systems would have also met specific project goals to offset not less than 85% of each selected building’s annual electricity use, ranging from 87% to 103% of demand; save a minimum of 70% of the cost of utility bills per year for each building, ranging from 75% to 77% percent (including service charges); and would have had payback periods shorter than the estimated useful life of the project

14 SOLAR ENERGY↗

Powernet in Farms Project

Coordinating behind-the-meter (BTM) distributed energy resources (DERs) is critical to ensuring efficiency and reliability for consumers facing an increasingly variable grid supply. Outside of very controlled environments, however, such coordination of heterogeneous resources at scale has remained a challenge due to harsh field conditions, the lack of adequate communication infrastructure, and the difficulty of modeling the system. The intent of this research was to refine the Powernet system deployed in a California dairy farm to achieve the following objectives: a) validate the results of the previous deployment and b) validate new hypothesis about system performance based on the simulation of the new system. The new system design would reduce the overall system cost, and achieve a payback period of less than 3 years, demonstrating the feasibility of such system and its relevance for a segment not well known for technology advancements in power systems. The new proposed system was significantly cheaper than the original design, which would enable the solution to be cost effective and likely economically viable. However, due to significant delays in project start date which affected funding availability, overlap with prior scheduled mandatory military leave from key members of the project team, and customer drop-out, due to the significant delays, which could not be replaced in time, caused the project to be ended prior to completion.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Cataloging and Quantifying Value Streams from Non-Powered Dam Conversion

Hydropower is a key resource in the United States’ renewable energy transition; however, only 3% of existing dams in the United States currently generate electricity. While many non-powered dams (NPDs) have the potential for energy generation, hydropower addition to these dams has been slow. This is likely due, in part, to perceptions that hydropower development has prohibitively long payback periods, especially in comparison to other renewable energy resources that have shorter development processes. On the other hand, powering some NPDs may unlock new value streams in addition to the value obtained from selling generated energy. There is a need to understand and quantify a wider range of additional value streams to help increase the feasibility of such hydropower projects. In this work, we catalog indirect value streams and difficult-to-quantify direct value streams from NPD retrofitting, specifying which stakeholders are affected, and what kind of impacts (positive or negative) might occur. We identify appropriate quantification methodologies for these indirect value streams and describe the best practices around their implementation for NPD site-level analysis. We also demonstrate the quantification of a few indirect value streams for a selected NPD site, allowing for easier integration of these value streams into future studies by providing basis and background for quantifying these elements.

13 HYDRO ENERGY↗

Improving Performance via Energy Efficiency JUSTIFI: Open-Source Software for Identifying and Quantifying Non-Energy Benefits

Energy efficiency is pivotal to achieving operational excellence, as it enhances value while reducing waste. This presentation explores the integration of non-energy benefits (NEBs) into energy efficiency projects, which can lead to risk reduction, value creation, and cost savings. By quantifying NEBs - such as improved safety, decreased pollution, and increased productivity - companies can strengthen their business cases for energy investments, ultimately improving payback periods and aligning with strategic goals. Designed for a diverse audience, from trained auditors to novices in energy assessments, we have developed open-source software called JUSTIFI, NEB finding methodology, and training materials which build on existing frameworks and leverages resources from the U.S. Department of Energy and Better Plants energy system analysis software suite such as MEASUR. This work aims to maximize ROI through NEB identification, utilizing tools like JUSTIFI and the NEBs Discovery Protocol.

97 MATHEMATICS AND COMPUTING↗

Solar Photovoltaics Resilient Fasteners Levelized Cost of Energy (LCOE) Tool

Solar photovoltaics (PV) module fasteners are one of the most common structural failure points on PV systems, particularly in high winds and coastal areas with ocean spray. Some fastener types have been shown to survive these conditions at higher rates than others. The fastener type, material, quantity, and placement all impact performance. Fasteners that fail less often typically have a higher upfront cost, but this investment can pay off in savings from less frequent torque audits (which reduces O&M costs), reduced system damage, and decreased system downtime. We developed an Excel-based tool to evaluate different module fasteners for a PV system - either a new or retrofit project - and compare differences in upfront and outyear costs to determine the expected life cycle costs and simple payback periods of different fastener options. The tool is site-specific, with inputs including system attributes (such as system size, location, price of power) and fastener attributes (such as design, washer type, nut type, use of locking hardware, materials, installation time, and torque audit requirements). A baseline fastener scenario can be compared to up to four proposed fastener scenarios. In addition to presenting expected life cycle cost implications of the different fastener options, the tool produces results showing the reductions in outyear costs needed to offset any initial cost premiums for more reliable fasteners across four categories: preventative O&M, avoided damage, reduced downtime, and reduced insurance premiums. These numbers can serve as decision aids for users when considering fastener options on new or existing projects. This poster will present the tool, methodology, and scenarios using example sites to highlight the tool capabilities and how it can inform different fastener decisions on different projects. Future work includes incorporating lifetime expected damage costs by embedding damage function curves that the authors are developing from field data.

14 SOLAR ENERGY↗

Coupling Chemical Heat Pump with Nuclear Reactor for Temperature Amplification by Delivering Process Heat and Electricity: A Techno-Economic Analysis

The energy economy is continually evolving in response to socio-political factors in the nature of primary energy sources, their conversions to useful forms, such as electricity and heat, and their utilization in different sectors. Nuclear energy has a crucial role to play in the evolution of energy economy due to its clean and non-carbon-emitting characteristics. A techno-economic analysis was undertaken to establish the viability of selling heat along with electricity for an advanced 100 MWth small modular reactor (SMR) and four nuclear hybrid energy system (NHES) configurations featuring the SMR paired with chemical heat pump (ChHP) systems providing a thermal output ranging from 1 to 50 MWth. Net present value, payback period, discounted cash flow rate of return, and levelized cost of energy were evaluated for these systems for different regions of U.S. reflecting a range of electricity and thermal energy costs. The analysis indicated that selling heat to high temperature industrial processes showed profitable outcomes compared to the sale of only electricity. Higher carbon taxes improved the economic parameters of the NHES alternatives significantly. Providing heat to high temperature industries could be very beneficial, helping to cut down the greenhouse gases emission by reducing the fossil fuel consumption.

Gupta, Aman↗