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At least 109 records · Page 6

State Insights On The Water-Energy Nexus And Policy Ideas To Achieve Greater Savings

Governors, state policymakers, utilities and other stakeholders across the country are increasingly aware of the connection between energy and water production and use, and the need to conserve both resources to meet economic and environmental goals. It requires substantial amounts of water to produce energy and considerable amounts of energy to treat and deliver water. The critical interdependence between energy and water was clearly illustrated during the recent winter storm in Texas and other parts of the South in February 2021. Initial power outages contributed to a longer-term water crisis. Power outages led to water pump failures while water demand increased from frozen water pipes that burst. This caused low water pressure that can lead to harmful bacteria growth in the water. The power outages also prevented water treatment plants from properly treating the water for several days, thereby leaving many residents without clean drinking water and worsening the storm’s impacts. The National Governors Association has been working with states on this connection between water and energy and strategies for conserving those resources for several years. NGA held a Water-Energy Nexus Learning Lab in September 2020. This event invited two leading states in the water-energy nexus space, Arizona and Wisconsin, to showcase some of their model policies and programs to other states, Maryland, Nevada, North Carolina, North Dakota, and Washington, looking for greater savings opportunities. This paper provides an overview of challenges that states are facing in developing integrated water and energy conservation policies; provides background on Arizona and Wisconsin’s innovative water-energy policies and programs; and summarizes action items the participating state teams identified for their respective states. The main categories of policy solutions identified by states at NGA’s Water-Energy Nexus Learning Lab were: Funding & Financing – providing financial incentives for water efficiency modeled after established energy efficiency programs, and an emphasis on financial support for small water and energy utilities. Education & Technical Assistance – providing more education and training opportunities about ways to achieve cost-effective energy and water savings, and the needs of resource-constrained small and medium utilities for training and other assistance. Structural Changes to Encourage Conservation – developing ways to incentivize agricultural conservation such as through water allocation strategies; adopting water reuse or water loss standards; and requiring electric utilities to consider water impacts as part of their integrated resource planning process. Communications & Data – conducting energy audits, reviewing water data provided to state agencies, and developing data benchmarking tools to measure and better manage energy and water use. Climate Strategy – establishing a multi-agency working group or other collaborative approach to determine ways to integrate energy and water savings in state policies and help meet the state climate objectives.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Implementing Ordinary Differential Equation Solvers in Rust Programming Language for Modeling Vehicle Powertrain Systems: Preprint

Efficient and accurate ordinary differential equation (ODE) solvers are necessary for powertrain and vehicle dynamics modeling. However, current commercial ODE solvers can be financially prohibitive, leading to a need for accessible, effective, open-source ODE solvers designed for powertrain modeling. Rust is a compiled programming language that has the potential to be used for fast and easy-to-use powertrain models, given its exceptional computational performance, robust package ecosystem, and short time required for modelers to become proficient. However, of the three commonly used (>3,000 downloads) packages in Rust with ODE solver capabilities, only one has more than four numerical methods implemented, and none are designed specifically for modeling physical systems. Therefore, the goal of the Differential Equation System Solver (DESS) was to implement accurate ODE solvers in Rust designed for the component-based problems often seen in powertrain modeling. DESS is a text-based software package that provides a flexible framework for building and solving systems of ODEs. This allows DESS to be included as a dependency for automotive powertrain models that require a variety of solvers and solver configurations. Seven explicit ODE solver methods have been implemented in DESS: Euler’s, Heun’s, midpoint, Ralston’s, classic Runge-Kutta, Bogacki-Shampine, and Cash-Karp. These represent five fixed-step methods and two adaptive-step methods. This paper shows that the solver implementations increase accuracy and computational efficiency compared to Euler's method when modeling a system of three thermal masses in Rust. DESS also includes features designed for modeling component-based physical systems. Users can define relationships between nodes in their system, which the package then translates into a system of equations, leading to simpler and more intuitive code. In the case of a three-thermal-mass system, the user can specify node thermal properties (e.g., thermal capacitance), how nodes are interconnected, and thermal conductance between nodes rather than providing a system of equations. The core contribution from this work is an open-source, text-based Rust package with ODE solvers for automotive powertrain modeling to support cost-free, fast, and accurate simulation.

ADVANCED PROPULSION SYSTEMS↗

ProFAST (Production Financial Analysis Scenario Tool) [SWR-23-88]

The Production Financial Analysis Scenario Tool (ProFAST) provides a quick and convenient in-depth financial analysis for production facilities. The model uses a generally accepted accounting principles analysis framework and provides annual projections of income statements, cash flow statements, and balance sheets. ProFAST allows users to calculate the levelized cost of the produced commodity by providing an expected financial performance, or on the other hand, calculate the financial performance based on an input price. Model inputs generally capital expenditures, operating expenditures, and financing structure. The programmatic approach of ProFAST allows users to easily perform large sensitivity analyses and integrates easily with other python tools.

Kee, Jamie↗

Outcomes of the DOE Workshop on Atmospheric Challenges for the Wind Energy Industry

The U.S. Department of Energy-funded Mesoscale-to-Microscale Coupling (MMC) project team planned and conducted a virtual Workshop on Atmospheric Challenges for the Wind Energy Industry on October 19 and 20, 2020. The goal of the workshop was to forge a dialog with the community, including industry representatives, on how modeling tools are currently being used, the present active atmospheric modeling research in support of wind energy, and required advancements in capabilities and technology to continue to advance wind energy deployment. The workshop was planned in collaboration with an industry advisory panel that included representatives from wind power plant developers, turbine manufacturers, and companies that provide resource assessment and forecasting services. The format of the workshop included panels from government research sponsors, visionaries from industry, and mixed panels of researchers discussing research status and needs. A shared keynote presentation from the Technical University of Denmark experts anchored the second day of the workshop. An emphasis was placed on understanding the research needs in the offshore environment. In addition, breakout opportunities were provided each day. On the first day, the breakout discussions addressed predesigned questions configured to elicit participants’ thoughts on needed research directions. The second-day breakouts treated three important technical topics through a combination of presentations and group conversations. Each workshop participant chose their breakout preference from among downscaling details, modeling for turbines, and using artificial intelligence for atmospheric modeling. The discussions were robust and productive. The outcomes of the workshop include archiving a series of recommendations from industry and the research community on research directions required to further advance wind energy deployment. Discussions confirmed the need for high-fidelity modeling but that there are specific areas of applicability and other areas where the time and cost of computation is prohibitive. In those cases, the high-fidelity models can inform low-order models that are more practical for real-time or widely deployed applications. Industry must consider the financial cost of performing more expensive modeling approaches, but industry engineers and researchers are using these approaches where there appears to be a return on investment. An emerging type of low-order model is based on machine learning (ML). Participants confirmed that there are many atmospheric phenomena that need to be modeled better, including low-level jets, cold air outbreaks, land-sea induced circulations, diurnal variability, thin stable boundary layers, dynamic changes such as from frontal passage, interaction of wakes and blockage, and more. For the offshore environment, there is wide agreement that some level of ocean-wave-atmospheric coupling is necessary to capture variations in rotor-level winds needed to plan and operate offshore wind plants. Another recurring recommendation is that more observations are needed, particularly for the offshore environment. Those observations should consider the needs for model improvement, both for physically based models and for ML models. Observations must capture atmospheric profiles of variables that are important to understanding and modeling atmospheric and oceanic phenomena that impact boundary layer winds. Models must be validated with data and the uncertainty quantified, particularly those that are sensitive to initial and boundary conditions. Finally, a repeated request was to consider the holistic needs of hybrid plants of wind, solar, and storage resources because those types of plants are likely to be the wave of the future. In addition, industry wishes to understand impacts of the resource under a changing climate for long-term planning.

17 WIND ENERGY↗

Five-Hole Flow Angle Probe Calibration for the NASA Glenn Icing Research Tunnel

A spring 1997 test section calibration program is scheduled for the NASA Glenn Research Center Icing Research Tunnel following the installation of new water injecting spray bars. A set of new five-hole flow angle pressure probes was fabricated to properly calibrate the test section for total pressure, static pressure, and flow angle. The probes have nine pressure ports: five total pressure ports on a hemispherical head and four static pressure ports located 14.7 diameters downstream of the head. The probes were calibrated in the NASA Glenn 3.5-in.-diameter free-jet calibration facility. After completing calibration data acquisition for two probes, two data prediction models were evaluated. Prediction errors from a linear discrete model proved to be no worse than those from a full third-order multiple regression model. The linear discrete model only required calibration data acquisition according to an abridged test matrix, thus saving considerable time and financial resources over the multiple regression model that required calibration data acquisition according to a more extensive test matrix. Uncertainties in calibration coefficients and predicted values of flow angle, total pressure, static pressure. Mach number. and velocity were examined. These uncertainties consider the instrumentation that will be available in the Icing Research Tunnel for future test section calibration testing.

Gonsalez, Jose C.↗

LID and LeTID Impacts to PV Module Performance and System Economics: Draft Analysis

This webinar is a technical review of the measurements and causes of BO LID, UV LID and LeTID, as well as modeling their impacts to PV project financial metrics. We will first review how Boron-Oxygen complexes form and detail the range of impacts to PV module power ratings over time and across climates. Similarly, we will also discuss the measurements and extent of UV LID over time and across climates. Then, we will demonstrate a methodology for translating these effects to pro forma cash flow models and their impacts to PV project financial returns and levelized cost of electricity (LCOE). We will conclude with estimates of the value of solutions to these degradation mechanisms.

41 EE - Solar Energy Technologies Office (EE-4S)↗

How to Model Batteries (with PV, Stand-Alone, or Hybrids) in SAM and PySAM

This tutorial will be a deep dive into considerations for battery modeling and demonstrating how to model them in SAM, including battery chemistry, thermal modeling, degradation/lifetime, dispatch, interconnection limits and curtailment, and their associated impacts on project profits and battery lifetime. By the end of the tutorial attendees will know how to size and model both behind-the-meter and front-of-meter battery systems, including financial analysis and pairing with other PV models (including pvlib) via PySAM.

25 ENERGY STORAGE↗

Opinion dynamics in financial markets via random networks

We investigate financial market dynamics by introducing a heterogeneous agent-based opinion formation model. In this work, we organize individuals in a financial market according to their trading strategy, namely, whether they are noise traders or fundamentalists. The opinion of a local majority compels the market exchanging behavior of noise traders, whereas the global behavior of the market influences the decisions of fundamentalist agents. We introduce a noise parameter, q , to represent the level of anxiety and perceived uncertainty regarding market behavior, enabling the possibility of adrift financial action. We place individuals as nodes in an Erdös-Rényi random graph, where the links represent their social interactions. At any given time, individuals assume one of two possible opinion states ±1 regarding buying or selling an asset. The model exhibits fundamental qualitative and quantitative real-world market features such as the distribution of logarithmic returns with fat tails, clustered volatility, and the long-term correlation of returns. We use Student’s t distributions to fit the histograms of logarithmic returns, showing a gradual shift from a leptokurtic to a mesokurtic regime depending on the fraction of fundamentalist agents. Furthermore, we compare our results with those concerning the distribution of the logarithmic returns of several real-world financial indices.

97 MATHEMATICS AND COMPUTING↗

The first field application of a low-cost MPC for grid-interactive K-12 schools: Lessons-learned and savings assessment

K-12 schools are the largest energy consumers in the public sector, with their HVAC energy consumption representing the largest portion of their total energy use. While transitioning these schools to grid-interactive HVAC system operation through advanced controls offers significant financial and environmental benefits, and model predictive control (MPC) has been identified as a promising solution to achieve that, very few MPCs are affordable and have been deployed in K-12 schools. This situation raises concerns about the unclear real-world benefits of MPC technology among facility managers and industries. To address this gap, this paper presents a low-cost MPC solution that requires minimal control infrastructure costs and a unique field demonstration at a K-12 school, conducted for both cooling and heating seasons. This work adopted a previously developed MPC and extended it for use in the school application. The MPC aims to coordinate multiple packaged units to eliminate unnecessary peaks and shift cooling or heating loads in response to grid signals based on load conditions, while maintaining thermostat temperatures within school-defined bounds. Throughout the field tests, the MPC achieved a 24% reduction in peak demand during the cooling season and shifted cooling or heating loads by up to 16% in response to the school's utility tariff, considering load conditions, while also allowing end-users to override thermostat setpoints. Further, the paper also discusses the limitations of this study and future research directions for better performance of the MPC at K-12 schools.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Solar array manufacturing industry simulation

Solar Array Manufacturing Industry Simulation (SAMIS) program is a standardized model of industry to manufacture silicon solar modules for use in electricity generation. Model is used to develop financial reports that detail requirements, including amounts and prices for materials, labor, facilities, and equipment required by companies.

Chamberlain, R. G.↗

Journal of Air Transportation, Volume 12, No. 1

Topics discussed include: a) Data Mining Methods Applied to Flight Operations Quality Assurance Data: A Comparison to Standard Statistical Methods; b) Financial Comparisons across Different Business Models in the Canadian Airline Industry; c) Carving a Niche for the "No-Frills" Carrier, Air Arabia, in Oil-Rich Skies; d) Situational Leadership in Air Traffic Control; and e) The Very Light Jet Arrives: Stakeholders and Their Perceptions.

Bowers, Brent D.↗

Quantum computing for finance

Quantum computers are expected to surpass the computational capabilities of classical computers and have a transformative impact on numerous industry sectors. Here, we present a comprehensive summary of the state of the art of quantum computing for financial applications, with particular emphasis on stochastic modelling, optimization and machine learning. This Review is aimed at physicists, so it outlines the classical techniques used by the financial industry and discusses the potential advantages and limitations of quantum techniques. Finally, we look at the challenges that physicists could help tackle. Quantum computers are expected to surpass classical computers and transform industries. This Review focuses on quantum computing for financial applications and provides a summary for physicists on potential advantages and limitations of quantum techniques, as well as challenges that physicists could help tackle.

97 MATHEMATICS AND COMPUTING↗

System Advisor Model (SAM) [Slides]

The System Advisor Model (SAM) is a free software that enables detailed performance and financial analysis for energy systems. • Conducts technoeconomic analysis of energy technologies to facilitate planning and decision making.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Q1-2024 Solar Cost Benchmarks

Each year, the U.S. Department of Energy’s (DOE) Solar Energy Technologies Office (SETO) and its national laboratory partners develop cost benchmarks for U.S. solar photovoltaic (PV) systems. These benchmarks track progress toward reducing solar costs and guide R&D priorities. Unlike typical studies that report only $/W, SETO uses intrinsic units (e.g., $/m² for mounting structures) to better capture how technology improvements such as module efficiency would impact system costs. This allows flexible modeling where inputs can vary significantly to assess cost sensitivity. Costs are reported in two ways: Minimum Sustainable Price (MSP): Long term, financially viable price under stable market conditions. Modeled Market Price (MMP): Actual market price, influenced by short term distortions such as tariffs or subsidies. Three national labs collect cost data from industry stakeholders, ensuring no duplication in outreach to stakeholders. Data reflects real transactions (primarily from Q1) and is weighted based on the number of sources per cost element. The PV System Cost Model (PVSCM) divides total installed system cost into eight categories: 1. Module (PV) 2. Inverter 3. Energy Storage System (ESS) 4. Structural BOS (SBOS) 5. Electrical BOS (EBOS) 6. Fieldwork 7. Office work 8. Other (developer/EPC costs) The first five are hardware costs, while the last three are soft costs. Each category includes fixed and variable cost components, where “size” depends on context (e.g., manufacturing capacity for modules vs. system capacity for installation costs). Variable costs are expressed using appropriate intrinsic units. The model reflects the owner’s upfront overnight capital cost, excluding tax credits. Tariffs and subsidies are treated as temporary market distortions affecting MMP but not MSP. PVSCM is implemented in Excel, where cost elements are aggregated into total system cost. Additional sheets handle unit conversions and operation & maintenance (O&M), with O&M costs levelized over the system’s lifetime.

14 SOLAR ENERGY↗

HelioScope Energy Performance Modeling Validation: Cooperative Research and Development Final Report, CRADA Number CRD-17-00685

HelioScope is a unique solar design and energy performance modeling tool that bridges the worlds of research and industry, bringing the most rigorous methods from the performance modeling community to thousands of solar developers of all backgrounds. However, many financial institutions and municipalities are hesitant to accept the energy production modeling results of HelioScope (including shading losses) in place of costly, time-intensive, and/or redundant methods due to lack of vetting from a respected institution like NREL. We expect that the proposed validation exercises will give municipalities and financial institutions the comfort needed to incorporate HelioScope into their operations, thereby significantly reducing the needs of existing and potential HelioScope users' to otherwise obtain information that HelioScope produces automatically. Folsom Labs was selected for a Small Business Voucher from the U.S. Department of Energy for the National Renewable Energy Laboratory to validate the performance of HelioScope’s simulation engine against measured PV system performance.

14 SOLAR ENERGY↗

A Systematic Review and Integrated Approach to Modeling of Aging Utility Scale PV Systems

The growing deployment of utility-scale photovoltaic (PV) systems has increased the importance of techno-economic modeling operational photovoltaic (PV) systems for predicting energy yield, optimizing asset management, and informing financial decisions. Through a systematic review of literature and current industry practices, we review the different common modeling practices of a system's configuration and age, performance and degradation, operation and maintenance (O&M), while also focusing on specific considerations for repowering, revamping, and decommissioning. Building on the synthesis, we develop a structured framework for techno-economic modeling of operating PV systems that integrate performance and degradation analysis, a decommissioning and repowering cost model that estimates the system's end-of-life costs to reduce uncertainty quantifications and improve consistency across the sector. This research contributes to improved modeling methodologies and potentially to reduced financial performance requirements by providing practitioners with input resources and practical approaches to estimate performance, degradation, and costs associated with continued operation, revamping, repowering, or decommissioning decisions.

14 SOLAR ENERGY↗

Spatial impacts of technological innovations on the levelized cost of energy for offshore wind power plants in the United States

Recent studies predict significant decreases in the future levelized cost of energy (LCOE) of offshore wind energy, much of which is attributed to anticipated cost reductions from technological innovation. This study evaluates the spatial variability of LCOE caused by technology-induced decreases in a range of capital, operational, and financial cost categories. A spatial cost model of fixed-bottom and floating offshore wind plants is used to model the impact across thousands of potential United States sites. A specified change in an individual turbine subsystem cost produces a range of LCOE outcomes due to the varying geospatial characteristics of the considered sites and the nonlinear, interactive dependency on these input parameters; for example, a 10.8% improvement in net capacity factor can reduce LCOE by between 6% and 20% at different sites. This work expands upon the existing offshore wind literature, which typically evaluates cost sensitivities at a single site and does not consider the spatial variance in LCOE. The results suggest that the impact of technological innovations can be considerable and should be considered on a spatial as well as temporal basis when prioritizing technology innovation research or funding decisions to advance offshore wind technologies in the United States.

17 WIND ENERGY↗