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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 19 records

An economic study of an advanced technology supersonic cruise vehicle

A description is given of the methods used and the results of an economic study of an advanced technology supersonic cruise vehicle. This vehicle was designed for a maximum range of 4000 n.mi. at a cruise speed of Mach 2.7 and carrying 292 passengers. The economic study includes the estimation of aircraft unit cost, operating cost, and idealized cash flow and discounted cash flow return on investment. In addition, it includes a sensitivity study on the effects of unit cost, manufacturing cost, production quantity, average trip length, fuel cost, load factor, and fare on the aircraft's economic feasibility.

Smith, C. L.↗

TEAL Output Visualization

Tool for Economic Analysis (TEAL) is an open-source economics calculation package written and maintained by Idaho National Laboratory (INL). As a plugin of the Risk Analysis Virtual ENvironment (RAVEN), TEAL provides economics analysis models to RAVEN workflow users. In addition, TEAL is used in other RAVEN plugins such as LOGOS and the Holistic Energy Resource Optimization Network (HERON) to complement other analyses with economic calculations. This report documents the efforts in developing the capability of TEAL output visualization for users to better understand and investigate TEAL simulation results. In the past, outputs (e.g., various cash flows) were generated and printed to screen. According to the need and purpose for visualization, users can select various bar charts and donut charts to visualize the cash flows including inflows, outflows, and net cash flows in each year or in a selected time range, in addition to observing data stored in comma-separated value files (CSVs). The visualization capability is flexible and user-friendly by introducing several user-defined parameters, for instance, the start and the end project year of interest and the type of colors to be assigned to the cash flows.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Evaluating NASA Technology Programs in Terms of Private Sector Impacts

NASA is currently developing spacecraft technology for application to NASA scientific missions, military missions and commercial missions which are part of or form the basis of private sector business ventures. The justification of R&D programs that lead to spacecraft technology improvements encompasses the establishment of the benefits in terms of improved scientific knowledge that may result from new and/or improved NASA science missions, improved cost effectiveness of NASA and DOD missions and new or improved services that may be offered by the private sector (for example communications satellite services). It is with the latter of these areas that attention will be focused upon. In particular, it is of interest to establish the economic value of spacecraft technology improvements to private sector communications satellite business ventures. It is proposed to assess the value of spacecraft technology improvements in terms of the changes in cash flow and present value of cash flows, that may result from the use of new and/or improved spacecraft technology for specific types of private sector communications satellite missions (for example domestic point-to-point communication or direct broadcasting). To accomplish this it is necessary to place the new and/or improved technology within typical business scenarios and estimate the impacts of technical performance upon business and financial performance.

Greenberg, J. S.↗

Benefit Analysis of CO 2 Delivery Options for Offshore Storage or Enhanced Oil Recovery

The analysis presented in this report evaluates the benefits of CO₂ offshore transport via pipeline or ship within the GOM. It takes a top-down framework to estimate the costs. First, this analysis designed a reduced-order model (ROM) based on the cash flows in the FECM/NETL CO₂ Transport Cost Model (also known as CO2_T_COM). The ROM takes capital expenses (CAPEX) and operating expenses (OPEX) to calculate the CO₂ breakeven price based on the cash flows. Second, this analysis developed regression models utilizing published data from other analyses to estimate CAPEX and OPEX. Since the ROM is a simplified cash flow calculation, it is easy to exchange the core regression models to estimate various costs. The ROM and regression models provided a framework that can be easily used by other researchers, decision-makers, operators, and regulators. The objective of this analysis is to assess the CO₂ breakeven cost range for pipeline and ship transport of captured CO₂ given the CO₂ source and storage reservoir located in the GOM.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Nuclear Integrated Hydrogen Production Analysis Tool

This is an Excel-based time-independent discount cash flow calculator for LWR-HTSE systems. The tool incorporates (1) discounted cash flow and levelized cost of hydrogen (LCOH) analysis, (2) sensitivity analysis with respect to select financial performance metrics with output ‘tornado’ charts, (3) profitability analysis represented by heat maps using the two most sensitive parameters, (4) electricity versus hydrogen production preference analysis by comparing change in net present value (?NPV) between NPP-HTSE and business-as-usual electricity production for the grid, and (5) competitiveness analysis by comparing the calculated LCOH for NPP-HTSE with that of steam methane reforming, which is the conventional process to produce hydrogen.

Cheng, WenChi [Idaho National Laboratory (INL), Id↗

Financial options methodology for analyzing investments in new technology

The evaluation of investments in longer term research and development in emerging technologies, because of the nature of such subjects, must address inherent uncertainties. Most notably, future cash flow forecasts include substantial uncertainties. Conventional present value methodology, when applied to emerging technologies severely penalizes cash flow forecasts, and strategic investment opportunities are at risk of being neglected. Use of options evaluation methodology adapted from the financial arena has been introduced as having applicability in such technology evaluations. Indeed, characteristics of superconducting magnetic energy storage technology suggest that it is a candidate for the use of options methodology when investment decisions are being contemplated.

Wenning, B. D.↗

Documentation of the analysis of the benefits and costs of aeronautical research and technology models, volume 1

The analysis of the benefits and costs of aeronautical research and technology (ABC-ART) models are documented. These models were developed by NASA for use in analyzing the economic feasibility of applying advanced aeronautical technology to future civil aircraft. The methodology is composed of three major modules: fleet accounting module, airframe manufacturing module, and air carrier module. The fleet accounting module is used to estimate the number of new aircraft required as a function of time to meet demand. This estimation is based primarily upon the expected retirement age of existing aircraft and the expected change in revenue passenger miles demanded. Fuel consumption estimates are also generated by this module. The airframe manufacturer module is used to analyze the feasibility of the manufacturing the new aircraft demanded. The module includes logic for production scheduling and estimating manufacturing costs. For a series of aircraft selling prices, a cash flow analysis is performed and a rate of return on investment is calculated. The air carrier module provides a tool for analyzing the financial feasibility of an airline purchasing and operating the new aircraft. This module includes a methodology for computing the air carrier direct and indirect operating costs, performing a cash flow analysis, and estimating the internal rate of return on investment for a set of aircraft purchase prices.

Bobick, J. C.↗

A comparison of economic evaluation models as applied to geothermal energy technology

Several cost estimation and financial cash flow models have been applied to a series of geothermal case studies. In order to draw conclusions about relative performance and applicability of these models to geothermal projects, the consistency of results was assessed. The model outputs of principal interest in this study were net present value, internal rate of return, or levelized breakeven price. The models used were VENVAL, a venture analysis model; the Geothermal Probabilistic Cost Model (GPC Model); the Alternative Power Systems Economic Analysis Model (APSEAM); the Geothermal Loan Guarantee Cash Flow Model (GCFM); and the GEOCOST and GEOCITY geothermal models. The case studies to which the models were applied include a geothermal reservoir at Heber, CA; a geothermal eletric power plant to be located at the Heber site; an alcohol fuels production facility to be built at Raft River, ID; and a direct-use, district heating system in Susanville, CA.

Ziman, G. M.↗

FECM/NETL CO 2 Transport Cost Model (2022): Description and User’s Manual

The FECM/NETL CO 2 Transport Cost Model (CO 2 _T_COM) is an Excel spreadsheet model that calculates the cost of transporting CO 2 from the beginning to the end of a pipeline. This document provides two main functions. First, the document describes the equations and algorithms that are used by the model to calculate technical quantities (such as the minimum inner pipe diameter needed to transport a user-specified CO 2 mass flow rate a specified distance) and engineering-economic quantities (such as capital costs, operating costs and cash flows). Second, the document is a user’s manual for the model that describes the procedures the user must follow to run the model. The document also describes input variables and output variables (i.e., results) for the model.

42 ENGINEERING↗

FECM/NETL CO 2 Transport Cost Model (2023): Description and User’s Manual

The FECM/NETL CO 2 Transport Cost Model (CO 2 _T_COM) is an Excel spreadsheet model that calculates the cost of transporting CO 2 from the beginning to the end of a pipeline. This document provides two main functions. First, the document describes the equations and algorithms that are used by the model to calculate technical quantities (such as the minimum inner pipe diameter needed to transport a user-specified CO 2 mass flow rate a specified distance) and engineering-economic quantities (such as capital costs, operating costs and cash flows). Second, the document is a user’s manual for the model that describes the procedures the user must follow to run the model. The document also describes input variables and output variables (i.e., results) for the model. The model can be accessed at this URL: https://www.netl.doe.gov/energy-analysis/details?id=d3086f60-278d-4e97-a649-8e4d5ce5e93c

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

FECM/NETL Hydrogen Pipeline Cost Model (2024): Description and User’s Manual

The FECM/NETL Hydrogen Pipeline Cost Model (H2_P_COM) estimates costs for transporting gaseous hydrogen in a pipeline from a source, such as a hydrogen production facility, to a final destination which may be a user of the hydrogen or a distribution center where hydrogen in the pipeline is diverted to multiple end users. This document provides two main functions. First, the document describes the equations and algorithms that are used by the model to calculate technical quantities (such as the minimum inner pipe diameter needed to transport a user-specified H 2 mass flow rate a specified distance) and engineering-economic quantities (such as capital costs, operating costs, and cash flows). Second, the document is a user’s manual for the model that describes the procedures the user must follow to run the model. The model can be accessed at this URL: https://www.netl.doe.gov/energy-analysis/details?id=db897190-8e26-40b1-9535-ee78ac934193

08 HYDROGEN↗

Cultivating clarity: understanding the impact of land cost assumptions on biofuel viability

The transition to sustainable energy has increased interest in biofuel production to reduce greenhouse gas emissions, decrease reliance on imported oil, and ensure energy resilience. Here, this study examines the often-overlooked impact of land cost assumptions on the economic viability of biofuel production. Using a discounted cash flow techno-economic framework, we evaluated three land cost scenarios—no land costs, land rental costs, and land purchase costs—across six bioenergy feedstocks (corn, soybeans, switchgrass, miscanthus, poplar, and microalgae) and three biofuel products (corn ethanol, soybean biodiesel, and sustainable aviation fuel) at the county level for the contiguous United States. The analysis reveals substantial variation in minimum fuel selling prices due to these scenarios. High-yield crops like algae showed low sensitivity to land costs, while low-yield crops such as soybeans were highly sensitive. Geographical differences were significant, with minimum fuel selling price increases most pronounced in high-value land regions like the Corn Belt. Case studies further illustrate the influence of local productivity and land costs on economic outcomes across the United States. These findings emphasize the importance of maintaining consistent land cost assumptions in biofuel economic assessments. By quantifying the interplay between land value, crop productivity, and economic feasibility, this study provides essential insights for policymakers and stakeholders to advance sustainable energy solutions.

09 BIOMASS FUELS↗

Technoeconomic assessment of hydrogen cogeneration via high temperature steam electrolysis with a light-water reactor

Increased electricity production from renewable energy resources, coupled with low natural gas (NG) prices, has caused existing light-water reactors (LWRs) to experience diminishing returns from the electricity market. This reduction in revenue is forcing LWRs to consider alternative revenue streams, such as introduction hydrogen production or desalination, to remain profitable. This paper performs a technoeconomic assessment (TEA) regarding the viability of retrofitting existing pressurized-water reactors (PWRs) to produce green hydrogen (H 2 ) via high-temperature steam electrolysis (HTSE). Such an integration would allow nuclear facilities to expand into additional markets that may be more profitable in the long term and eliminate CO 2 emissions from the hydrogen production process. Here, to accommodate such an integration, a detailed single market levelized cost of hydrogen (LCOH) and multimarket analyses were conducted of HTSE process operation, requirements, costing, and flexibility. Alongside this costing analysis, market analyses were conducted on the electric and hydrogen markets in the PJM interconnect. Utilizing a novel stochastic, dispatch optimization approach results suggest that a positive gain is achievable, and by operating in multiple markets, the nuclear facility can avoid the sale of electricity during times of low electricity market pricing, while maintaining the ability to capitalize on the high electricity market pricing. It should be noted that the analysis conducted is a differential cash flow analysis and, as such, does not present profit levels. LCOH analysis results demonstrate the potential exists to produce hydrogen at a cost as low as $1.20/kg. This price is lower than traditional steam methane reforming (SMR) allowing nuclear based hydrogen production to disrupt the existing hydrogen production market.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Market analysis for the integration of new power technologies: A case study of the deployment of hybrid fossil-based generator plus energy storage (ES-FE)

This study examines the national landscape of hybridized fossil energy (FE) power plants with energy storage (ES) technologies (“ES-FE”) and presents the compilation of an ES-FE dataset, which includes over 65 ES-FE projects and concepts in the United States, comprising approximately 500 MWh of co-located ES capacity with FE power plants. This study also estimates the economic feasibility of adding ES to existing FE power plants by characterizing the potential revenues that can be generated by the ES component through flexibility and capacity value. The analysis focuses on ES technologies with 2- to 10-h. durations located in four U.S. independent system operators (ISOs): Midcontinent ISO (MISO), Electric Reliability Council of Texas (ERCOT), PJM Interconnection (PJM), and California ISO (CAISO), which have +70,000 MW of combined FE power capacity that could add ES. Annual revenues are estimated for the ES component using a what-if-analysis approach, for capacity value, price arbitrage, or ancillary services provision. The results show that annual revenues depend on the end-use storage service, wholesale electricity and capacity market prices, and ES technology operation parameters such as discharging duration and cycling frequency. When performing a sensitivity analysis, ES accrues $7–178/kW-yr. via price arbitrage and ancillary services provision in the four ISOs, and $13–92/kW-yr. when providing capacity value only in MISO and PJM. A cash flow analysis is performed to estimate the net present value (NPV) of the ES addition using a range of ES costs. The study finds that for most ES technologies considered, these revenues alone are insufficient to achieve economic feasibility. In conclusion, of the 1645 total runs analyzed, 115 had positive NPVs (7%). Therefore, other revenue streams or monetizable benefits are necessary to achieve the break-even point.

20 FOSSIL-FUELED POWER PLANTS↗

Hydrogen underground storage for grid electricity storage: An optimization study on techno-economic analysis

Here, this study performs a techno-economic analysis of hydrogen underground storage systems for grid electricity storage, evaluating their economic viability at the plant scale using dynamic optimization. It explores the feasibility of various system configurations and revenue models in the context of volatile electricity prices and the necessity for multiple revenue streams. The hypothesis tested is that large-scale hydrogen storage, despite its low round-trip efficiency, can be economically viable with the right mix of revenue streams. This study uses scenario-based analysis to assess the impacts of different system configurations, including engaging in time-shifting arbitrage, ancillary service markets and blending hydrogen with natural gas. Results indicate potential annual net cash flows of up to $\$$1.5 million from ancillary services integration and $\$$5.2 million from natural gas blending, contingent on specific system sizes. The study concludes that hydrogen underground storage for grid electricity storage can be profitable, and emphasizes that proper system design and precise electricity price forecasting are crucial for optimizing system performance and economic returns. This research sets the stage for further investigations into the scalability of hydrogen storage systems and their broader implications for grid electricity storage and energy market dynamics.

25 ENERGY STORAGE↗

Techno-economic implications and cost of forecasting errors in solar PV power production using optimized deep learning models

Accurate solar Photovoltaic (PV) power forecasting is important for enhancing both the performance and economic feasibility of PV systems. This study evaluates several deep learning models, including Dense Neural Networks (DNN), Long Short-Term Memory (LSTM), Convolutional Neural Networks (CNN), and a hybrid LSTMCNN model, for predicting PV power production one day in advance. Prior to optimization, the models exhibited relatively high errors, with the best model (DNN) achieving a Root Mean Square Error (RMSE) of 31.13 kW and a coefficient of determination (R 2 ) of 62.15 %. After employing Bayesian optimization, the LSTM-CNN model demonstrated the best performance, with the RMSE reduced to 9.79 kW and R 2 improved to 97.62 %, showcasing significant enhancement in predictive accuracy. Here, the economic evaluation considered three cases: rewards for underestimation (0.08 USD/kWh), no rewards, and penalties for both over-and underestimation (120 % of the utility tariff). In the rewards scenario, the LSTM-CNN model reduced the Levelized Cost of Electricity (LCOE) by 4 %, while in the penalty scenario, a backup diesel generator would have increased the LCOE by 49 %. Additionally, the LSTM-CNN model minimized financial losses, achieving the lowest penalties and maximizing net cash flow compared to other models, demonstrating its overall technical and economic superiority.

Deep learning↗

Uncertainty analysis for techno-economic and life-cycle assessment of wet waste hydrothermal liquefaction with centralized upgrading to produce fuel blendstocks

Wet waste hydrothermal liquefaction is a promising technology for producing transportation fuels with much lower greenhouse gases emissions than petroleum-based fuels. However, its techno-economic and life cycle assessment are primarily based on laboratory scale testing data, subject to considerable uncertainties, and even bias, due to knowledge gaps. Here, a preliminary uncertainty analysis of key economic measures was conducted based on the 2019 state-of-technology model for biocrude production. Building on the preliminary analysis, this work presents a comprehensive uncertainty analysis in both economic and environmental measures of the entire supply chain of wet waste hydrothermal liquefaction to fuel blendstocks including biocrude upgrading based on the 2021 state-of-technology model. The analysis includes the most recent developments in hydrothermal liquefaction and biocrude upgrading technologies and Monte Carlo simulation based on an integrated model system including an improved reactor yield model, reduced-order process model, discounted cash flow economic model and simplified life-cycle assessment model. The estimated biocrude yield ranges from 42.2% to 52.4% with a median of 47.3%. The estimated fuel yield ranges from 34.7% to 42.7% with a median of 38.7%. The estimated minimum fuel selling price ranges from $\$ $2.28/gge to $\$ $3.45/gge with a median of $\$ $2.80/gge. Relative to petroleum-derived diesel, the estimated reduction in supply chain greenhouse gas emissions ranges from 73.4% to 81.8% with a median of 77.7%. Compared to the 2019 state-of-technology analysis, a significant improvement in biocrude selectivity and economic measures and reduction in uncertainties were achieved due to the incorporation of additional continuous experimental data sets, technology development and de-risking, and improvement in model accuracy.

37 INORGANIC, ORGANIC, PHYSICAL, AND ANALYTICAL CH↗

Evaluation of the economic implications of varied pressure drawdown strategies generated using a real-time, rapid predictive, multi-fidelity model for unconventional oil and gas wells

Experience has suggested that pressure maintenance in hydraulically fractured reservoirs via lower, more sustained production drawdowns may offer improved cumulative recovery and overall resource extraction efficiency compared to more rapid drawdown approaches aimed at generating high initial production. However, given the inherent variability of oil and natural gas markets, operators pursue production strategies that maximize profitability over resource extraction efficiency. This study focuses on evaluating the implications of contrasting pressure drawdown strategies on the long-term production and resulting economics for a real, producing unconventional gas well in the Marcellus Shale of the Appalachian Basin using a techno-economic analysis approach. Our research combines elements of well-specific horizontal well design, production forecasting, equipment sizing and capital cost estimation, operating cost estimation, and revenue and tax calculations. Gas production forecast outlook scenarios were generated under varying pressure drawdowns using two approaches: 1) a novel physics-informed machine learning workflow and 2) traditional reservoir simulation. A discounted cash flow model was used to evaluate the resulting economic implications for each drawdown scenario—generating output for exploring the coupled effect of factors like the timing and volume of gas production, prevailing economic and market conditions for natural gas, and overall estimated ultimate recovery on profitability metrics such as internal rate of return and net present value. Results show that there is potential to maximize the cumulative gas produced in the specific case study well by employing a lower pressure drawdown. Conversely, the greatest profitability is achieved using rapid drawdown as signified by a small, specific subset of our outlook scenarios. On an averaging basis, we find that the combinations of highest cumulative producing and most profitable scenarios occur under lower drawdowns with long (>40 years) producing timeframes, but require higher relative gas price and lower discounting considerations. Further, the machine learning predictive outlooking capability proved effective for enabling rapid generation of a multitude of scenario forecasts. As a result, a variety of prominent example cases could be generated to strike the balance of greater productivity and economic return given their associated producing features and economic conditions when compared to similar producing scenarios—critical insight that offers improved decision support for unconventional oil and gas operations.

42 ENGINEERING↗