Search NASA⌕ Search

SEARCH · Search NASA

Results for “cost projections”

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 109 records · Page 6

An Examination of the Hydropower Licensing and Federal Authorization Process

Site-permitting and regulation are necessary to ensure hydropower projects (both original and relicensed) comply with statutory requirements and address multiple stakeholder priorities that consider a range of factors, including water quality, species protection, cultural resource impacts, and recreation. However, the time involved in acquiring a license for an individual hydropower project can be highly variable by project, leading to increased project costs, financial risks, and uncertainties. In part, this variability is the result of a regulatory structure that has evolved over time to include multiple approvals and compliance requirements administered by the Federal Energy Regulatory Commission (FERC), U.S. Army Corp of Engineers (USACE), federal land management agencies, federal and state resource agencies, and Indian Tribes. Ultimately, the time, benefits, costs, and risks to developers associated with hydropower regulatory processes and/or the preparation (e.g., studies) required for regulatory agency review are not well documented or synthesized in the public domain, which may increase uncertainty and variability within the process. This report addresses these needs by presenting results of a comprehensive examination of hydropower licensing including quantitative and qualitative analyses of timelines, causal factors, and their combined effect on risk and costs to developers.

13 HYDRO ENERGY↗

A Survey of Federal and State-Level Solar System Decommissioning Policies in the United States

In the United States, cumulative installed utility-scale solar photovoltaic (PV) capacity reached more than 60 gigawatts (GW)dc at the end of 2020 (Davis et al. 2021b). Federal and state renewable energy and net-zero emissions policies will continue to drive solar development in the United States with installed utility-scale PV projected to quadruple (240 GWdc) by 2030 (Davis et al. 2021a; Heeter 2014). Although more than 75% of all U.S. installed utility-scale PV came online in the last 5 years, federal, state, and local governments are planning for system decommissioning (Davis et al. 2021b). Our research found that as of April 2021, one federal agency, the Bureau of Land Management (BLM), and 15 U.S. states have solar decommissioning policies in place. North Carolina is also in the process of drafting solar decommissioning regulations, and at least 4 states (Maine, Pennsylvania, West Virginia, Texas) proposed solar decommissioning bills in the 2021 legislative session. This report provides a survey and brief overview of both federal and U.S. statewide solar decommissioning policies, and a discussion of some of the potential impacts different policy designs may have on utility-scale solar development, including impacts that might influence construction timelines and over project costs.

14 SOLAR ENERGY↗

Integrating Concentrating Solar Power Technologies into the Hybrid Optimization and Performance Platform (HOPP)

As the world increases renewable energy deployment, there is an increasing interest in hybridizing various generation and storage technologies to maximize net benefit to the developer and/or off-taker. A particularly interesting combination of renewable technologies is concentrating solar power (CSP) with thermal energy storage (TES), photovoltaics (PV), and electrochemical battery energy storage (BESS). Due to the system complexity of CSP technology, it is difficult to evaluate the technological and financial performance of a CSP-PV hybrid system without detailed modeling of annual operations. To address this challenge, we have developed a modeling framework for evaluating the performance and financial viability of CSP systems hybridized with PV and battery technologies. This modeling effort incorporates CSP tower and trough systems into an existing modeling tool recently developed by NREL referred to as the Hybrid Optimization and Performance Platform (HOPP). This report outlines the modeling methodology as well as preliminary results from example case studies conducted using the model. The methodology describes: (i) the integration of CSP tower and troughs into HOPP using python interfaces to access System Advisor Model (SAM) underlining technology models, (ii) the mathematical formulation of the mixed integer linear program dispatch optimization model which optimizes operations of storage asset to either maximize system revenue or minimize operating cost while load following, (iii) the design analysis methods implemented within HOPP, and (iv) simulation clustering for the purposes of reducing computational expense. We exercise the model using a case study of a future scenario where we assume (i) CSP and PV technologies achieve the 2030 cost targets provided by the Solar Energy Technologies Office (SETO), (ii) battery costs reduce to the 2030 mid cost projection presented by NREL. Lastly, (iii) electricity prices for southern California in 2030 are provided by NREL's Cambium database, and (iv) a capacity payment of $150/kW-yr based on the system capacity factor during the to 100 net-load hours.

14 SOLAR ENERGY↗

Commercial, industrial, and institutional discount rate estimation for efficiency standards analysis: Sector-level data 1998–2021

Underlying each of the Department of Energy’s (DOE’s) federal appliance and equipment energy conservation standards are a set of complex analyses of the projected costs and benefits of regulation. Any new or amended standard must be designed to achieve significant additional energy conservation, provided that it is technologically feasible and economically justified (42 U.S.C. 6295(o)(2)(A)). DOE determines economic justification based on whether the benefits exceed the burdens, considering a variety of factors, including the economic impact of the standard on consumers of the product and the savings in lifetime operating cost compared to any increase in price or maintenance expenses (42 U.S.C. 6295(o)(2)(B)). As part of this determination, DOE conducts a Life-Cycle Cost (LCC) analysis, which models the combined impact of appliance first cost and operating cost changes on a representative commercial building sample in order to identify the fraction of customers achieving LCC savings or incurring net cost at the considered efficiency levels. Thus, the commercial discount rate value(s) used to calculate the present value of energy cost savings within the LCC model implicitly plays a role in estimating the economic impact of potential standard levels. This report provides an in-depth discussion of the commercial discount rate estimation process. It is an update to previous reports on estimating commercial discount rates from firm-level financial data (Fujita, 2016). Major topics covered in this report include: Discount rate estimation methods and rationale; -Data sources used and data limitations; -Discount rate distributions for use in standards analysis; -Discount rate estimation methods and distributions specific to the small business subgroup analysis. Going forward, this report will be updated as data allow and analyses necessitate.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Commercial, industrial, and institutional discount rate estimation for efficiency standards analysis: Sector-level data 1998–2022

Underlying each of the U.S. Department of Energy’s (DOE’s) federal appliance and equipment energy conservation standards are a set of complex analyses of the projected costs and benefits of regulation. Any new or amended standard must be designed to achieve significant additional energy conservation, provided that it is technologically feasible and economically justified (42 U.S.C. 6295(o)(2)(A)). DOE determines economic justification based on whether the benefits exceed the burdens, considering a variety of factors, including the economic impact of the standard on consumers of the product and the savings in lifetime operating cost compared to any increase in price or maintenance expenses (42 U.S.C. 6295(o)(2)(B)). As part of this determination, DOE conducts a life-cycle cost (LCC) analysis, which models the combined impact of appliance first cost and operating cost changes on a representative commercial building sample to identify the fraction of customers achieving LCC savings or incurring net cost at the considered efficiency levels. Thus, the commercial discount rate value(s) used to calculate the present value of energy cost savings within the LCC model implicitly plays a role in estimating the economic impact of potential standard levels. This report provides an in-depth discussion of the commercial discount rate estimation process. It is an update to previous reports on estimating commercial discount rates from firm-level and sector-level financial data (e.g., Fujita, 2021, 2016). Major topics covered in this report include the following: -Discount rate estimation methods and rationale -Data sources used and data limitations -Discount rate distributions for use in standards analysis -Discount rate estimation methods and distributions specific to the small business subgroup analysis A version of this analysis was most recently released in 2022. Going forward, this report will be updated as data allow and analyses necessitate.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Commercial, industrial, and institutional discount rate estimation for efficiency standards analysis: Sector-level data 1998–2023

Underlying each of the U.S. Department of Energy’s (DOE’s) federal appliance and equipment energy conservation standards are a set of complex analyses of the projected costs and benefits of regulation. Any new or amended standard must be designed to achieve significant additional energy conservation, provided that it is technologically feasible and economically justified (42 U.S.C. 6295(o)(2)(A)). DOE determines economic justification based on whether the benefits exceed the burdens, considering a variety of factors, including the economic impact of the standard on consumers of the product and the savings in lifetime operating cost compared to any increase in price or maintenance expenses (42 U.S.C. 6295(o)(2)(B)). As part of this determination, DOE conducts a life-cycle cost (LCC) analysis, which models the combined impact of appliance first cost and operating cost changes on a representative commercial building sample to identify the fraction of customers achieving LCC savings or incurring net cost at the considered efficiency levels. Thus, the commercial discount rate value(s) used to calculate the present value of energy cost savings within the LCC model implicitly plays a role in estimating the economic impact of potential standard levels. This report provides an in-depth discussion of the commercial discount rate estimation process relying on the Capital Asset Pricing Model (CAPM) to estimate a business’ cost of equity, and by adding a risk adjustment factor to the risk-free rate associated with long-term U.S. Treasury bonds to estimate their cost of debt. It is an update to previous reports on estimating commercial discount rates from firm-level and sector-level financial data (e.g., Fujita, 2021, 2016). Major topics covered in this report include the following: • Discount rate estimation methods and rationale • Data sources used and data limitations • Discount rate distributions for use in standards analysis • Discount rate estimation methods and distributions specific to the small business subgroup analysis.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Grid Resilience Plans: State Requirements, Utility Practices, and Utility Plan Template

As of June 2024, 14 states and one city require jurisdictional electric utilities to file resilience plans. Drawing on these requirements and filed plans, this report offers a standard template that states and utilities can consider to improve utility filings for grid resilience plans, either as part of a distribution system plan or as a separate filing. Key elements include a vulnerability assessment, description of proposed resilience programs, and projected costs and rate impacts. While many of these requirements and plans focus on extreme weather hazards, the template also can be used to address additional threats, including cyber and physical attacks and seismic events.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Spatiotemporal Adaptive Passive Direct Air Capture

Carbon Collect Inc., along with Arizona State University, the Electric Power Research Institute (EPRI), PM Group, and Trimeric Corporation, completed an initial design of a commercial-scale, passive direct air capture (DAC) system termed “carbon trees” that will capture, separate, and store at least 100,000 tonnes/year of carbon dioxide (CO2) from air (net basis). Passive DAC is unique among DAC technologies in that passive air delivery by wind avoids the energy penalty of forced convection. Carbon Collect Inc.’s sorbent-agnostic approach offers the flexibility to choose sorbents for a wide range of climates. A combination of steam, low-grade heat, and vacuum releases the CO2 from the sorbent, which is extracted from the chamber and purified and compressed for geological storage. A commercial carbon tree forest combines the output of several thousand trees for compression and purification with high heat and energy integration. The project team prepared an initial engineering design package for each of three geographically diverse host sites throughout the United States to better understand the effect of local/regional ambient conditions on DAC system performance and project costs. A techno-economic analysis, life cycle analysis, business case analysis, and an environmental, health, and safety risks assessment were also completed for each of the three geographically diverse host sites.

14 SOLAR ENERGY↗

Evolving Competitive Markets in SAPP: Leveraging Competitive Wholesale Electricity Markets to Drive Renewable Generation Capacity in the Southern African Power Pool (SAPP)

The SADC region has significant natural resource potential to increase renewable energy generation, improve electricity reliability, and support economic development. This research finds an apparent lack of confidence from electricity infrastructure investors in SAPP wholesale electricity markets, which increases risk perception and lowers the likelihood of capital deployment. With respect to free market fundamentals, competitive market obstacles and renewable energy development obstacles are characterized. Stakeholders identified the top obstacles to well-functioning competitive markets as insufficient transmission infrastructure for interconnection and regional movement of electricity, dominance of national single-buyer markets, and lack of or weak nation-state regulatory frameworks. Stakeholders prioritized the top three obstacles for renewable energy development as a lack of viable commercial arrangements for variable renewable energy (VRE) balancing, lack of functional and consistent nation-level regulations, and higher project costs related to reliance on imported equipment. With respect to potential solution options, stakeholders prioritized the development of new cost allocation and finance methods to facilitate new transmission expansion, training to educate new or potential new market entrants on SAPP processes, as well as modeling and analysis of regional SAPP participation benefits disaggregated to the nation-state level. From these perspectives, this research identified strategy options for consideration including transitioning SAPP to a regional transmission operator (RTO) for operation and planning of cross-border transmission facilities and market administration, shifting operations of SAPP member transmission systems to Independent System Operators (ISOs), establishing a regional regulatory authority and enhancing market data transparency. Implementing these reforms is expected to be challenging, but not insurmountable, given the domestic political, legal, and jurisdictional complexities of the SADC region.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Nuclear Direct Air Capture with Carbon Storage (NuDACCS) (Final Technical Report)

This final report, which is for DOE Award Number DE-FE0032160 (Direct Air Capture Combined with dedicated Long-Term Carbon Storage, Coupled to Existing Low-Carbon Energy), covers the Nuclear Direct Air Capture with Carbon Storage (NuDACCS) project period of performance from 03/31/2022 to 12/27/2024. Battelle Memorial Institute (Battelle) partnered with Aircapture LLC (Aircapture), Southern Company (Southern), Carbonvert, the University of Alabama, and Sargent & Lundy (S&L) to develop a front end engineering design (FEED) study for a direct air capture (DAC) system co-located with Southern Company's Joseph M. Farley Nuclear Plant (Plant Farley) in Columbia, Alabama. The DAC system was designed to capture at least 5,000 net tonnes of carbon dioxide (CO2) per year from ambient air in a form suitable for long duration carbon storage (e.g., geologic storage). To complement and support the FEED study, additional analyses were completed, including a Technology Maturation Plan (TMP); Workforce Readiness Plan; Project Cost Estimate; Business Case Analysis (BCA); Life Cycle Analysis (LCA); Environmental Health and Safety (EH&S) Assessment; and Environmental Justice (EJ) Analysis and Economic Revitalization and Job Creation Outcomes Analysis.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

Summary of Carbon Dioxide Pipeline Systems and Incident Data in North America

Pipelines are historically seen as the primary transportation mode for carbon dioxide (CO 2 ) streams in the context of carbon capture and storage (CCS) and oil and gas industries. Pipeline transmission of CO 2 over longer distances is regarded as most efficient and economical when the CO 2 is in the dense phase, i.e., in liquid or supercritical regime, due to transporting CO 2 in dense phase that allows for a smaller-diameter pipeline to move a given flow, which optimizes project cost.

42 ENGINEERING↗

Transformative Efficiency and Automation in Modular Homes (TEAMH)

This report documents the Transformative Efficiency and Automation in Modular Homes (TEAMH) project, which evaluates the integration of advanced building envelope technologies and automation-assisted modular construction to improve residential energy performance and construction efficiency. The study investigates high-performance insulation systems, including vacuum insulation panels (VIPs), combined with light gauge steel (LGS) modular construction and factory automation. Laboratory testing, whole-building energy modeling across multiple climate zones, and factory demonstrations were conducted to assess thermal performance, energy savings, and production efficiency. Results indicate that upgraded envelope assemblies can achieve up to ~50% heating and ~34% cooling energy savings relative to IECC 2018 code-compliant homes, while automation-assisted construction can reduce wall assembly time by 24%–46% compared to conventional wood framing. The findings demonstrate the potential for scalable, high-performance modular homes that deliver significant energy savings with competitive projected costs.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Sensitivity analysis of numerical modeling input parameters on floating offshore wind turbine loads

Abstract. Floating wind turbines must withstand a unique and challenging set of loads from the wind and ocean environment. To de-risk development, accurate predictions of these loads are necessary. Uncertainty in modeling predictions leads to larger required safety factors, increasing project costs and the levelized cost of energy. Complex aero-hydro-elastic modeling tools use many input parameters to represent the wind, waves, current, aerodynamic loads, hydrodynamic loads, and structural properties. It is helpful to understand which of these parameters ultimately drives a design. In this work, an ultimate and fatigue-proxy load sensitivity analysis was performed with 35 different input parameters, using an elementary effects approach to identify the most influential parameters for a case study involving the National Renewable Energy Laboratory (NREL) 5 MW baseline wind turbine atop the OC4-DeepCwind semisubmersible during normal operation. The importance of each parameter was evaluated using 14 response quantities of interest across three operational wind speed conditions. The study concludes that turbulent wind velocity standard deviation is the parameter with the strongest sensitivity; this value is important not just for turbine loads, but also for the global system response. The system center of mass in the wind direction is found to have the highest impact on the system rotation and tower loads. The current velocity is found to be the most dominating parameter for the system global motion and consequently the mooring loads. All tested wind turbulence parameters in addition to the standard deviation are also found to be influential. Wave characteristics are influential for some fatigue-proxy loading but do not significantly impact the extreme ultimate loads in these operational load cases. The required number of random seeds for stochastic environmental conditions is considered to ensure that the sensitivities are due to the input parameters and not due to the seed. The required number of analysis points in the parameter space is identified so that the conclusions represent a global sensitivity. The results are specific to the platform, turbine, and choice of parameter ranges, but the demonstrated approach can be applied widely to guide focus in parameter uncertainty.

17 WIND ENERGY↗

Contributions of Solar + Storage to Future Power Needs

The costs of solar photovoltaics (PV) have been dropping in recent years, leading to increasing installations of solar PV systems and growing interest in how the technology will impact the electric grid. Additionally, as battery costs decline, there is increasing interest in understanding the benefits and limitations of battery storage for the grid as well as potential co-benefits of coupling battery storage and photovoltaics. This paper presents recent methodological developments to more accurately represent the value and limitations of coupled PV and battery systems in capacity expansion models. These are demonstrated using the Resource Planning Model (RPM), which co-optimizes capacity investments, transmission investments, and reduced-order dispatch through 2045. We simulate the evolution of the generation and transmission system in the Western Interconnection both with and without a coupled PV and battery technology option under two core scenarios - a baseline scenario and a high renewable penetration scenario - coupled with sensitivities assuming low and mid PV and battery cost projections. We analyze the degree to which a variety of configurations of coupled PV + Battery systems are able to meet future electricity needs, under which system conditions this coupled technology becomes beneficial to the electric grid and identify the displaced technologies when coupled solar and storage is introduced into the model. We find that capturing the benefits of co-locating these systems becomes increasingly important as the penetration of solar PV rises, and that in particular it is important to accurately capture the ability of these technologies to shift energy, provide firm capacity, and reduce expected curtailment.

14 SOLAR ENERGY↗

Cost and Performance Projections for Coal- and Natural Gas-Fired Power Plants

This report provides quantitative estimates of future cost and performance improvements for fossil-fueled power plants equipped with carbon capture developed through the adaption/modification of relevant Aspen Plus ® case study models from published NETL techno-economic analyses. The cost and performance estimates in this report are meant to represent prospective improvements that may be realized for low-carbon-emitting PC and NGCC power plants through robust commercial deployment (e.g., learning by doing) of high TRL technologies as well as additional investments in targeted RD&D activities. The methodology used to develop the estimates in this report is intended to allow direct comparison of the technology improvements with the SOA baseline published in NETL’s Fossil Energy Baseline (Rev 4a) Report.

20 FOSSIL-FUELED POWER PLANTS↗

Cost Analysis and Projections for U.S.-Manufactured Automotive Lithium-ion Batteries

This document reports on a study conducted to estimate the cost of U.S-produced automotive battery packs for model years (MY) 2023 to 2035, using Argonne National Laboratory’s BatPaC tool. The costs were estimated by designing batteries for several classes of vehicles for four discrete model years (2023, 2026, 2030, and 2035), where a representative battery technology and material prices are selected based on information available today. Correlations were developed from the four discrete years to enable annual pack cost estimates as a function of pack size (kWh) and model year. A consolidated cost curve was then developed that includes battery size, technology by model year, and the anticipated sales volumes of each class of vehicles over the years. This cost curve estimates the volume-averaged, U.S.-manufactured battery pack cost of PHEVs and BEVs in the United States to be $\$140$/kWh for the model year 2023, which will reduce to $\$86$/kWh in MY2035. Applying tax credits from section 45X of the Inflation Reduction Act can further reduce the average pack cost to as low as $\$56$/kWh in MY2029. The report also includes several sensitivity studies that investigate the effect of pack production volume, material prices, fast charge requirements, and labor rates.

25 ENERGY STORAGE↗

Patterns, drivers, and a predictive model of dam removal cost in the United States

Given the burgeoning dam removal movement and the large number of dams approaching obsolescence in the United States, cost estimating data and tools are needed for dam removal prioritization, planning, and execution. We used the list of removed dams compiled by American Rivers to search for publicly available reported costs for dam removal projects. Total cost information could include component costs related to project planning, dam deconstruction, monitoring, and several categories of mitigation activities. We compiled reported costs from 455 unique sources for 668 dams removed in the United States from 1965 to 2020. The dam removals occurred within 571 unique projects involving 1–18 dams. When adjusted for inflation into 2020 USD, cost of these projects totaled $\$1.522$ billion, with per-dam costs ranging from $\$1$ thousand (k) to $\$268.8$ million (M). The median cost for dam removals was $\$157$k, $\$823$k, and $\$6.2$M for dams that were< 5 m, between 5–10 m, and > 10 m in height, respectively. Geographic differences in total costs showed that northern states in general, and the Pacific Northwest in particular, spent the most on dam removal. The Midwest and the Northeast spent proportionally more on removal of dams less than 5 m in height, whereas the Northwest and Southwest spent the most on larger dam removals > 10 m tall. We used stochastic gradient boosting with quantile regression to model dam removal cost against potential predictor variables including dam characteristics (dam height and material), hydrography (average annual discharge and drainage area), project complexity (inferred from construction and sediment management, mitigation, and post-removal cost drivers), and geographic region. Dam height, annual average discharge at the dam site, and project complexity were the predominant drivers of removal cost. The final model had an R 2 of 57% and when applied to a test dataset model predictions had a root mean squared error of $\$5.09$M and a mean absolute error of $\$1.45$M, indicating its potential utility to predict estimated costs of dam removal. We developed a R shiny application for estimating dam removal costs using customized model inputs for exploratory analyses and potential dam removal planning.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Pumped Storage Hydropower FAST Commissioning Technical Analysis

This report is designed to address barriers and solutions to modern pumped storage hydropower (PSH) development by establishing baseline project development knowledge, defining key aspects of project development, and identifying opportunities to reduce project timelines, costs, and risks. This report’s scope includes post-licensing activities and excludes factors related to permitting or licensing. The U.S. PSH fleet is composed of 43 projects providing the majority (95%) of utility-scale electricity storage in the US. However, only one new PSH facility has become operational in the past 20 years. Several factors contribute to diminishing PSH growth in the US, including the magnitude of project costs and financing interest during development and construction; the length of time from project investment until project revenue; permitting challenges and construction risks; competition from other storage technologies; and unrecognized energy storage valuation. Although innovative PSH concepts (including underground, small, and modular systems) have been investigated, widespread application has yet to occur. In short, the time, cost, and risk associated with modern PSH development has resulted in limited recent growth in the United States, despite the rising energy storage demand from increased deployment of variable renewable technologies. To address these challenges, the US Department of Energy’s (DOE) Water Power Technologies Office initiated the PSH Furthering Advancements to Shorten Time to (FAST) Commissioning project, aimed at catalyzing new solutions, designs, and strategies to accelerate PSH development. This report uses available data from previous license applications, ongoing project cost data, and other global PSH project information based on a typical closed-loop PSH project.

13 HYDRO ENERGY↗