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Results for “Economic Optimization”

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 109 records · Page 6
All sourcesNASA NTRSDOE OSTI
DOE OSTI2024

An Efficient Annual-Performance Model of a Geothermal Network for Improved System Design, Operation, and Control: Preprint

Geothermal district energy systems (DES), and specifically geothermal networks, provide a viable solution for decarbonizing residential and commercial heating and cooling loads. District energy systems of all kinds enable a thermal resource with a relatively high capital cost (such as a geothermal borehole field) to be shared among a large number of users. While district heating and cooling has been studied for many years, geothermal networks, fifth generation DES that utilize water-source heat pumps and an ambient temperature loop to meet heating and cooling loads, have not been implemented extensively and thus require additional technical and economic optimization to obtain maximum benefits. This paper presents a newly developed reduced-order model that captures the flow of energy within the network, including the commercial and residential users' electrical usage, at an hourly rate over a year. The model includes building loads, heat pumps, borehole fields, and auxiliary heat/cool input, all connected with an ambient-temperature thermal loop model. In the model, operational control is possible for the borehole fields, circulation pump, and auxiliary system. For a given system, the model can output the complete state parameters for each component, the thermal loop, and the collective system, such as flow rate over time, average thermal loop temperature over time, and total electricity usage. The model can also be used to optimize the system control for maximizing system efficiency or minimizing system operational cost. For example, one initial assessment of the borehole controller for an example system showed that a controller with on/off operation of the borehole field reduces annual electrical usage by 33%, compared with continuous operation mode. Hence, the model can assist in optimizing a given system's operation to get the most value out of a geothermal network installation. Future work will consider the model's application to a demonstration project, including the model validation against operational data and system operation optimization.

ambient-temperature loop↗
DOE OSTI2020

Optimal Operation for Resilient and Economic Modes in an Islanded Alaskan Grid

Legacy energy management systems for distribution system or microgrids are typically driven by economics. During extreme events, resiliency can be defined as ability of the system to keep supplying critical loads. Resilient operation during extreme events (e.g. avalanche in Alaska) may require decision variables to be different and conflicting with economic operation. Operational objectives are driven by a complex consideration of the economic, reliable and resilient operation of the system: economic and reliable in normal operating state and resilient during extreme events. Challenge is to move between economic and resilient operation in optimal manner and setting up problem formulation and constraints specially with Distributed Energy Resources (DERs). In this paper, we focus on striking a balance between optimal economic and resilient operation using novel formulation and developed tool called Resiliency Enabled Energy System Operation Toolbox (RE-ESOT). Simulation results are provided for a real islanded grid in Alaska with battery energy systems.

50 EE - Wind and Water Power Program - Water (EE-4↗
DOE OSTI2022

Framework For Optimization Of Resources And Economics Ecosystem

The Framework for Optimization of ResourCes and Economics is a collection of software tools, models, and datasets acquired and developed under the Integrated Energy Systems (IES) program to enable analysis of technical and economic viability of myriad IES configurations. FORCE is the consolidating interface and data repository for all the IES toolsets ranging from macro technoeconomic analysis to transient process modeling and experimental validation for integrated energy systems.

Frick, KonorL↗
DOE OSTI2023

Techno-Economic Analysis and Optimization of a Compressed-Air Energy Storage System Integrated with a Natural Gas Combined-Cycle Plant

To address the rising electricity demand and greenhouse gas concentration in the environment, considerable effort is being carried out across the globe on installing and operating renewable energy sources. However, the renewable energy production is affected by diurnal and seasonal variability. To ensure that the electric grid remains reliable and resilient even for the high penetration of renewables into the grid, various types of energy storage systems are being investigated. In this paper, a compressed-air energy storage (CAES) system integrated with a natural gas combined-cycle (NGCC) power plant is investigated where air is extracted from the gas turbine compressor or injected back into the gas turbine combustor when it is optimal to do so. First-principles dynamic models of the NGCC plant and CAES are developed along with the development of an economic model. The dynamic optimization of the integrated system is undertaken in the Python/Pyomo platform for maximizing the net present value (NPV). NPV optimization is undertaken for 14 regions/cases considering year-long locational marginal price (LMP) data with a 1 h interval. Design variables such as the storage capacity and storage pressure, as well as the operating variables such as the power plant load, air injection rate, and air extraction rate, are optimized. Results show that the integrated CAES system has a higher NPV than the NGCC-only system for all 14 regions, thus indicating the potential deployment of the integrated system under the assumption of the availability of caverns in close proximity to the NGCC plant. The levelized cost of storage is found to be in the range of 136–145 $/MWh. Roundtrip efficiency is found to be between 74.6–82.5%. A sensitivity study with respect to LMP shows that the LMP profile has a significant impact on the extent of air injection/extraction while capital expenditure reduction has a negligible effect.

25 ENERGY STORAGE↗
DOE OSTI2024

Optimal environmental and economic performance trade-offs for fifth generation district heating and cooling network topologies with waste heat recovery

Network topology greatly influences both the economic and environmental performance of fifth generation district heating and cooling (5GDHC) systems. In this study the optimal trade-offs between the environmental and economic performance of 5GDHC network topologies for a five-building district with waste heat recovery were explored. A life cycle assessment method was used to calculate the total life cycle CO 2 emissions (LCCO2) associated with the installation and operation of various network topologies. Twelve months of empirical data from a data center cooling system were analyzed to assess its suitability for integration into a 5GDHC system. The most suitable method for utilizing this waste heat was selected based on the ambient loop warm pipe setpoint, waste heat temperature, and district energy system configuration. A multi-objective optimization algorithm was used to select the 5GDHC network topology that provided the optimal trade-off between LCCO2 and life cycle cost (LCC). A trade-off parameter was employed to weigh the importance of each objective in the selection process. The results showed waste heat from the data center was suitable for integration into the 5GDHC system due to its availability and consistent temperature profile. When return temperatures of 25 °C or higher were available from the liquid-cooled system, direct pre-heating of the ambient loop warm pipe was found to be the most effective waste heat integration method. The selection of the network topology that provided the optimal trade-off between LCCO2 and LCC (optimal trade-off topology) was highly dependent on factors such as fuel prices, CO 2 prices, electricity CO 2 emissions factors, availability of waste heat, embodied CO 2 emissions associated with network installation and network infrastructure costs. Optimal trade-off topologies produced substantial LCCO2 reductions relative to corresponding LCC increases. LCCO2 reduction to LCC increase ratios from 5.78 to 117.79 were identified with CO 2 offset costs ranging from 4.77 to 60.08 ($/tCO 2 e).

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2021

Computational framework for behind-the-meter DER techno-economic modeling and optimization: REopt Lite

The energy system is undergoing a major transformation with the global emphasis on decarbonization. Distributed generation is projected to play a significant role in the new energy system, and energy models are informing how distributed generation can be integrated reliably and economically. In this work, we present an end-to-end computational framework for distributed energy resource (DER) modeling, REopt Lite™, which captures the interface of technology, economics, and policy in the energy modeling process. We describe the problem space, the building blocks of the model, the scaling capabilities of the design, the optimization formulation, and the extensibility of the model. We present a framework for accelerating the techno-economic analysis of behind-the-meter distributed energy resources to enable rapid planning and decision-making, thereby enabling greater renewable energy deployment. This computation framework is open-sourced to facilitate transparency, flexibility, and wider collaboration opportunities within the worldwide energy modeling community.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2025

Economic Storage Size Optimization for Electric Vehicle Extreme-Fast Charging Stations

En-route charging infrastructure for electric vehicles is critical to support transportation needs. These charging stations are likely to have high loads and especially sharp peak loads given fast charging capabilities needed to meet transportation schedules. In order to reduce both strain on distribution grid infrastructure and charging station operational costs, many stations are likely to employ behind the meter storage. This paper demonstrates a behind the meter storage sizing optimization that employs an open-source agent-based vehicle behavior model (BEAM) to determine the best sizing across many scenarios. This optimization and analysis is novel in that it examines how storage size impacts not only charging station cost and peak load, but also vehicle queue times. The optimization is also applied across a wide analysis region with sufficient diversity and numbers to provide novel statistical analysis of optimal sizes.

Aka, Julius↗
DOE OSTI2022

Techno-Economic Analysis and Optimization for MOF-Based CO2 Capture from NGCC Applications

This poster presents the development of isotherm and contactor models for a tetraamine MOF for CO2 capture from NGCC flue gas sources. It presents results for development of an isotherm model for a tetraamine MOF, validation of a fixed bed model to experimental fixed bed breakthrough data, and optimization of a fixed bed TSA process and moving bed TSA process for CO2 capture from a NGCC flue gas source.

Matuszewski, Michael↗
DOE OSTI2022

Techno-Economic Analysis and Optimization of Integrated NGCC-MEA System at High CO2 Capture Levels

This poster contains preliminary results for an ongoing analysis of modeling and optimization of an NGCC plant with a solvent-based CO2 capture system with high levels of CO2 capture – up to and beyond net-zero emissions. The work was performed to understand the incremental cost of high capture in order to compare with direct-air capture and other net-negative technologies, as well as to understand optimal operation and design of the CCS unit to achieve high capture with minimal increase in cost.

Deshpande, Anuja↗
DOE OSTI2024

AmeriFlux US-OPE Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3)

This is the AmeriFlux version of the carbon flux data for the site US-OPE Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3). Site Description - The Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3) site is located at the Beltsville Agricultural Research Center in Prince George's County, MD, and consists of a 22-ha production field, with an adjacent riparian wetland and first-order stream. Scientists from several U.S. Federal agencies, universities (foreign and domestic), and private industry have conducted multidisciplinary research at this location since 1998.

Alfieri, Joe↗
DOE OSTI2026

AmeriFlux FLUXNET-1F US-OPE Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3)

This is the AmeriFlux Management Project (AMP) created FLUXNET-1F version of the carbon flux data for the site US-OPE Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3). This is the FLUXNET version of the carbon flux data for the site US-OPE Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3) produced by applying the standard ONEFlux (1F) software. Site Description - The Optimizing Production Inputs for Economic and Environmental Enhancement (OPE3) site is located at the Beltsville Agricultural Research Center in Prince George's County, MD, and consists of a 22-ha production field, with an adjacent riparian wetland and first-order stream. Scientists from several U.S. Federal agencies, universities (foreign and domestic), and private industry have conducted multidisciplinary research at this location since 1998.

Alfieri, Joe [USDA-ARS Hydrology and Remote Sensin↗
DOE OSTI2026

A Physics-Informed Reinforcement Learning Framework for Economic-Thermal Co-Optimization of Crypto Mining Data Centers: Preprint

The rapid expansion of cryptocurrency mining has created a new class of high-density data centers characterized by extreme thermal flux and high sensitivity to volatile economic markets. Traditional thermal management strategies, typically reliant on rule-based control, maintain static setpoints that fail to account for fluctuating electricity prices and cryptocurrency values - factors critical to mining profitability. To address this, we present a physics-informed reinforcement learning (PIRL) framework for economic-thermal co-optimization in crypto mining data centers. This framework consists of a proximal policy optimization (PPO) agent, a virtual testbed powered by high-fidelity physics-based models, and an interactive frontend dashboard. The PPO agent is trained using the virtual testbed and strict hardware safety limits. This physics-informed approach allows the agent to learn a stochastic policy that dynamically balances mining revenue against operational costs by co-optimizing HVAC cooling setpoints and IT computational hashrate. The simulation results demonstrate that the integrated framework achieved an 8.62% increase in net operational profit compared to traditional baseline strategies while strictly adhering to safety-critical temperature constraints (coolant supply temperature < 32 degrees C). This work provides a scalable template for the deployment of reinforcement learning in mission critical facilities where economic volatility and physical safety must be managed simultaneously.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
NASA NTRS1979

The economics of project analysis: Optimal investment criteria and methods of study

Insight is provided toward the development of an optimal program for investment analysis of project proposals offering commercial potential and its components. This involves a critique of economic investment criteria viewed in relation to requirements of engineering economy analysis. An outline for a systems approach to project analysis is given Application of the Leontief input-output methodology to analysis of projects involving multiple processes and products is investigated. Effective application of elements of neoclassical economic theory to investment analysis of project components is demonstrated. Patterns of both static and dynamic activity levels are incorporated.

Scriven, M. C.↗
DOE OSTI2022

Cryogenic energy storage: Standalone design, rigorous optimization and techno-economic analysis

Energy storage allows flexible use and management of excess electricity and intermittently available renewable energy. Cryogenic energy storage (CES) is a promising storage alternative with a high technology readiness level and maturity, but the round-trip efficiency is often moderate and the Levelized Cost of Storage (LCOS) remains high. The complex flowsheets with intricate thermodynamics at cryogenic temperatures as well as the presence of multiple loops and refrigeration cycles pose considerable challenges for rigorous model-based design and optimization of CES systems. We present an optimization strategy that couples rigorous process simulation and Bayesian optimization with flowsheet decomposition and identification of hidden coupling constraints to optimally design standalone CES systems. Further refinement is done via a local search using the limited-memory Broyden–Fletcher–Goldfarb–Shanno algorithm. Here our results indicate that it is possible to achieve more than 52% round-trip efficiency and an LCOS of $153/MWh for a standalone 100 MW/400 MWh CES system limited to short-term storage with daily charging–discharging. However, a detailed techno-economic assessment reveals that the LCOS considering total capital investment may exceed $267/MWh when all direct and indirect costs of installation and operation are considered.

25 ENERGY STORAGE↗