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County Economic Impact Index: Measuring the ongoing economic effects of COVID-19
The County Economic Impact Index (CEII) estimates the change in overall county-level economic activity during the COVID-19 pandemic relative to January 2020. It shows which counties may be more susceptible to large reductions in economic activity compared to normal conditions by looking at which industries make up each county’s economy and then tracking monthly changes in industry employment at the national level. Economic activity in the CEII is measured by the total value added of all industries within the county. Counties with economic activities dominated by industries experiencing rising unemployment can expect larger direct impacts to their local economies, particularly if the industries account for a large portion of the economic output of that county. Results are available for all U.S. counties, as well as the District of Columbia, Puerto Rico municipios, and the U.S. Virgin Islands.
Economic Impact of Pacific Northwest National Laboratory (PNNL) on the State of Washington in Fiscal Year 2020
The FY 2020 Economic Impact Report details several of PNNL’s economic indicators, including PNNL’s total economic output, annual spending, jobs, number of employees, purchased goods and services, companies with roots in PNNL, STEM support and corporate charitable contributions. It also explains the economic impact of PNNL operations on the state of Washington—all within the context of PNNL’s response to the COVID pandemic and the effect of COVID-19 on PNNL’s economic impact within the state and local community during FY 2020. The results are impressive. Our response to COVID allowed for the majority of our staff to transition to telework, stay productive, avoid furloughs, and even hire new staff. COVID had minimal impact on our ability to positively effect economic impact in the state and community. Additionally, we directly and indirectly supported more than $1.59B through PNNL payroll and domestic purchased goods and services, and we generated 7,580 jobs in Washington State. PNNL’s annual spending was more than $1.1B. Battelle and PNNL contributions to philanthropic and civic organizations totaled $1.08M, many of which are outlined within the report. This information is intended to answer questions we often get from stakeholders who believe in the power of science and technology institutions to help sustain vibrant, educated communities in our state.
Regional Economic Impacts of the Los Angeles 100% Renewable Energy Transition
To help mitigate greenhouse gas (GHGs) generation from burning fossil fuels, many state and local governments are requiring utilities to dramatically increase the share of electricity generated from renewable sources. The City of Los Angeles has set a target of 100% renewable energy by 2045 and has formulated a plan that considers nine potential alternative scenarios that differ by technology, location, and timing. Each scenario has a unique set of local investments, operating and maintenance (O&M) costs, and concomitant rate structures. In this study we develop and apply a computable general equilibrium (CGE) model built specifically for LA to estimate and compare the economic impacts for each of the scenarios over time relative to a reference case. We find differences in economic impacts across scenarios, depending on the level and timing of investment and O&M expenditures, as well as differences in the relative rate changes across scenarios. Results show that employment and economic output are positively correlated with greater capital and O&M spending, while higher electricity rates can dampen economic activity. Several scenarios generate positive economic impacts relative to the reference case, showing that the transition need not have harmful economic impacts, and all scenarios generate a number of other positive co-benefits, such as reduced damage to health from the reduction of ordinary air pollutants. The net employment impacts from 2026 to 2045 across the scenarios range from a low of 3,600 job-year losses annually to 4,700 job-year gains, both around only 0.1% of the baseline average annual employment in the city over that period. The analysis also indicates that lower-income households are relatively more affected than others by the scenarios. Overall, even in the most negatively impactful case, the economic output and employment effects are quite small when taken in the context of the overall size of the regional economy and the large reduction in GHGs.
The economic impacts of carbon emission trading scheme on building retrofits: A case study with U.S. medium office buildings
As a popular emission reduction tool, the carbon emission trading scheme (ETS) can potentially add an economic incentive for building owners to retrofit buildings in addition to the cost savings in energy. However, the additional economic benefits of building retrofits brought by ETS has not been quantitively investigated yet. Here, in order to fill this gap, this study proposed a systematic economic evaluation method to investigate the economic impacts of ETS on building retrofits. The reduction of the payback period and the increase of the return on investment are adopted as evaluation metrics. Using medium office buildings as an example, this study predicted the economic impacts of ETS on building retrofits at four locations in the U.S., and three different carbon prices were investigated. The results show that carbon prices have significant economic impacts on building retrofits. With the relatively low forecasted time-variant carbon prices (around 10 USD per ton), the economic impacts of ETS on building retrofits are small. When carbon prices increase, the impacts of ETS would be up to 25% for 50 USD per ton (current prices in European Union) and 51% for 100 USD per ton. Furthermore, locations with more fossil energy have higher relative changes in the payback period and ROI but are more sensitive to carbon prices.
Distributed Photovoltaic Economic Impact Analysis in Indonesia
Like other countries in the region, the Government of Indonesia aims to increase its use renewable energy in the near term from various technologies, including grid-connected distributed photovoltaics (DPV). While little DPV has been installed to date, the policy landscape has been shifting over the past few years with recent pronouncements from the state-run utility Perusahaan Listrik Negara (PLN) and the Ministry of Energy and Mines (MEMR) that have begun to provide a more supportive policy framework for the deployment of DPV. Nonetheless, many questions remain as to how DPV impacts customers, the utility, and the economy as a whole. This report presents a holistic view of DPV economic impacts in the Java-Bali region of Indonesia by assessing customer economic impacts, utility revenue impacts, and jobs and economic development impacts.
Economic Impact of Closing the Nuclear Fuel Cycle
This report estimates the economic impact of closing the United States nuclear fuel cycle. Several different fuel cycle scenarios are analyzed. These scenarios include a baseline analysis of the existing fuel cycle conditions, a hypothetical scenario where all fuel cycle operations are preformed domestically, a scenario where all reactors are replaced with sodium fast reactors, and finally a scenario that uses a mix of fast reactors and light water reactors operating on mixed oxide fuel. Each scenario modeled is assumed to be operating at equilibrium and producing electricity at a 100 GWe-yr capacity. Impacts are calculated for normal operations and do not include construction or infrastructure expansion impacts.
The Los Angeles 100% Renewable Energy Study (LA100): Chapter 11. Economic Impacts and Jobs
The City of Los Angeles has set ambitious goals to transform its electricity supply, aiming to achieve a 100% renewable energy power system by 2045, along with aggressive electrification targets for buildings and vehicles. To reach these goals, and assess the implications for jobs, electricity rates, the environment, and environmental justice, the Los Angeles City Council passed a series of motions directing the Los Angeles Department of Water and Power (LADWP) to determine the technical feasibility and investment pathways of a 100% renewable energy portfolio standard. The Los Angeles 100% Renewable Energy Study (LA100) is a first-of-its-kind objective, rigorous, and science-based power systems analysis to determine what investments could be made to achieve these goals. The LA100 final report is presented as a collection of 12 chapters and an executive summary, each of which is available as an individual download. This chapter reviews economic impacts, including local net economic impacts and gross workforce impacts.
FY22 Economic Impact Summary
In 2022, Idaho National Laboratory was one of the state’s top employers (sixth overall). INL directly employed a total of 5,460 positions, a 4% growth from the previous year. The large growth of Idaho’s economy between 2021 and 2022 means INL’s economic impact on the state has also deepened. Dollars that INL has brought into the state tend to stay and circulate longer, facilitating increased impacts and growth rates for the state. INL, along with the other 16 national labs housed under the Department of Energy (DOE), perform research focused on: nuclear energy, integrated energy systems (such Summary Results as microgrid, battery and environmental research), and national security. This study evaluates the economic activity of INL within the economy of Idaho. This study estimates the total economic impact generated by INL apart from any other DOE or Department of Defense operations within the state. Total operational impacts of INL in 2022 amounted to $\$ $3.38 billion in output, $\$ $2.42 billion in gross state product (GSP), and 16,445 jobs throughout Idaho.
A simplified integrated framework for predicting the economic impacts of feedstock variations in a catalytic fast pyrolysis conversion process
Feedstock attributes of lignocellulosic biomass, such as particle size, compositional makeup, and moisture content, can vary substantially even within pre-processed materials and have a significant effect on conversion in fast pyrolysis-based processes. However, the economic impacts of these attributes are not well understood. To address this, biomass deconstruction phenomena captured with a versatile particle-scale simulation were linked to techno-economic impacts via reduced-order models. Parametric analysis of the particle-scale model, which was validated using literature data, was used in combination with multiple linear regression models to develop correlations between feedstock attributes and yields of pyrolysis oil, gas, and char. Yields were then correlated with the minimum fuel selling price (MFSP) using a techno-economic model, bridging the gap between physics-based biomass conversion simulations and predictions of MFSP for a catalytic fast-pyrolysis process. Empirical correlations derived from the literature regarding the impact of mineral matter (ash) on oil yield were also considered. The model correlations deployed in the integrated framework capture the impacts of variation in feedstock attributes on the MFSP. Variations in ash were shown to have the biggest impact, varying MFSP by -13%/+22% due to catalytic effects and lower relative amounts of convertible lignocellulosic material. It was also found that, if ash can be controlled to low levels, the increased extractives in forest residues can help compensate for some yield losses associated with increased ash. As a result, other inputs considered (particle size, moisture content, and reactor temperature) had relatively negligible effects on process economics within the ranges analyzed considering particle-scale effects alone.
Territorial Economic Impact Index: Measuring the ongoing effects of long-term disruptions to Pacific Island Territories
The Territorial Economic Impact Index (TEII) estimates the change in overall territory-level economic activity during the COVID-19 pandemic relative to January 2020. It shows which Pacific Island Territories may be more susceptible to large reductions in economic activity compared to normal conditions by looking at which industries make up each territory’s economy and then tracking monthly changes in industry employment at the U.S. national level. Economic activity in the TEII is measured by the total value added of all industries within the territory. Territories with economic activities dominated by industries experiencing rising unemployment can expect larger direct impacts to their local economies, particularly if the industries account for a large portion of the economic output of that county. Results are available for all three Pacific Island Territories: American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands.
Economic Impact of Pacific Northwest National Laboratory on the State of Washington in Fiscal Year 2019
Pacific Northwest National Laboratory is known for its impressive record of scientific and technical contributions to the nation. But you may not know that we are also one of Washington State’s most important economic contributors. PNNL and its operator, Battelle, have an enduring commitment to the health and growth of Washington State and our local community. When economic impact and scientific innovation converge, the results are impressive. We invite you to read more about PNNL’s economic impact in FY 2019 and the details behind these impressive figures in the full report, located at https://www.pnnl.gov/economic-impact.
A Mid-Century Net-Zero Scenario for the State of Wyoming and its Economic Impacts
Clean hydrogen has the potential to help achieve 10% economy-wide emissions reductions by 2050 relative to 2005, promote energy security and resilience, and develop a new economy in the United States. In 2030, the hydrogen economy could create about 100,000 new jobs to build new capital projects and clean hydrogen infrastructure. The Wyoming Energy Authority recently announced the state’s energy strategy, which establishes a goal of net-zero emissions by 2050. Under all likely scenarios, achieving a mid-century net-zero target will pose challenges and create opportunities for Wyoming’s energy sector. If executed properly, the transition could favorably affect the state’s economy overall in the long term. This research program examines the economic impact of fossil energy production in Wyoming and provides various predictions for future energy mixes to achieve net-zero emissions. Preliminary work suggests that Wyoming-based hydrogen production could have significant economic benefits and job creation implications for Wyoming. This study further assesses Wyoming’s opportunities to create hydrogen-based industries, assess economic impacts, identify knowledge gaps and research needs, and create a Hydrogen Center of Excellence to accelerate commercialization and deployment. This project helped to understand Wyoming's areas of focus for research and development and identified its areas of strength and potential challenges in creating a hydrogen ecosystem. As a result of this study, we estimate that for blue hydrogen produced from coal and gas resources, the overall cost reduction will be driven mainly by the carbon-sequestration tax credit and the improvement in carbon capture. Mature technologies, like SMR and PSA, will make limited contributions. They have no or limited reductions from an additional capacity deployment in future costs. We also understand the importance of continued support from public and private sectors for Carbon Capture and Storage (CCS)-related research, development, and demonstration programs at federal and state levels. The successful and efficient production of blue hydrogen requires a unique blend of energy resources, geology, regulation, law, and infrastructure. Wyoming has the distinction of meeting all these demands. The team also estimates that the availability and command of water resources accessible for hydrogen production are crucial for developing new projects. Water treatment, use, and disposal after treatment will also make projects possible. Primarily, this is relevant for hydrogen made using renewable energy. Wyoming has one of the best wind resource capacity in the nation. Harnessing this resource is challenging due to limited transmission line availability. Hydrogen could become one of the solutions to the stranded resource problem, primarily if the water availability challenge is addressed. Using produced oil & gas water could help to solve the problem. A commonly cited barrier to the expansion of hydrogen markets is the cost associated with constructing new pipelines, which typically require large amounts of capital to develop. Wyoming already possesses much of the export infrastructure needed to connect Wyoming’s hydrogen production with major markets across the West Coast, Pacific Northwest, Midwest, and Front Range regions of the United States, where a large portion of Wyoming’s natural gas is already transported. In addition to transportation by pipeline, rail transportation of hydrogen has also proven feasible. Wyoming uses its extensive railway system to transport large amounts of coal to its export partners across the United States. By using cryogenic or compressed-gas cars, Wyoming has the potential to add hydrogen to its existing network of railroad energy exports. The same technology may also be applied to hydrogen transport via trucks traveling interstate highways. Wyoming’s workforce is ready to meet the demands of clean hydrogen development. Many of the skills and training needed for hydrogen production are the same skills already possessed by Wyoming’s oil & gas and coal workforce. Many government and industry leaders expect clean hydrogen and other low-carbon energy projects to generate significant job growth and to recruit many already-trained oil & gas and coal workers whose jobs may be displaced. As energy companies seek to penetrate the markets for Wyoming hydrogen production, there is a natural mutual benefit to Wyoming’s workers and companies seeking to launch projects with the assistance of a trained workforce. Wyoming’s university and community college system have adopted several programs to ensure that highly qualified engineers and other technically skilled employees continue to graduate with skills to support the development of hydrogen and other innovative energy projects moving forward. Throughout the project, stakeholder outreach and education took many forms, including meetings with several major companies in the industry, collaborating with local government organizations, educational organizations, and national laboratories, tribal outreach and engagement, the sponsoring of several hydrogen-focused projects in many departments throughout the University of Wyoming, and developing a collaboration with international universities. The products of these collaborations consist of working relationships with several companies in the industry, educational institutions, national labs, and local government, as well as strong connections with individuals who will play an essential role in the success of the Hydrogen Energy Research Center.
Techno-Economic Impact of a Smart Battery Sorting System
Create analytical framework to capture costs and benefits of the automated sorting into battery recycling including the development and deployment of various types of battery recycling technologies such as pyrometallurgical, hydrometallurgical, and direct recycling. Li Industries, Inc. is a Virginia startup company focused on reinventing how lithium-ion batteries (LIBs) are recycled. Li Industries is focused on developing direct LIB recycling and automated battery sorting technologies in order to reduce the environmental impact of the LIB lifecycle. This work is to be conducted in support of the American-Made Challenges Lithium-Ion Battery Recycling Prize. Li Industries and NREL will work together to understand how novel technologies, such as those being developed by Li Industries, can impact the development and economics of the battery recycling industry. This voucher is being used to evaluate the profitability of an automated sorting system developed by Li Industries and the potential effect this increased value could have on the domestic lithium-ion battery (LIB) recycling industries in the United States. NREL has developed the Lithium-Ion Battery Resources Assessment (LIBRA) system dynamics model to project the future viability of the US LIB manufacturing and recycling industries under varying technoeconomic conditions and battery adoption scenarios over the coming decades. Additional logic was added to LIBRA to analyze the role automated sorting of recycling feedstock could play in the buildout of the industry and the impacts it has on the recovery of end-of-life (EOL) battery materials. This report summarizes the outcomes of this modeling analysis in the US context through a series of sensitivity analyses run for a range of values of a given input dimension and compared across the unsorted or automated sorting cases for LIB recycling feedstock. For greater detail on the process and analysis, the researchers are publishing a forthcoming journal article titled Techno-Economic Impact of a Smart Battery Sorting System for Lithium-Ion Battery Recycling and Mineral Recovery in the United States by Weigl, et al. In the event the article is not accepted by any currently seeking publication in academic or industry journal, it may be published by NREL. CRADA benefit to DOE, Participant, and US Taxpayer: assists laboratory in achieving programmatic scope competencies, uses the laboratory's core competencies.
Modeling the PV System Level Economic Impact of PV Connector Failure Modes
Photovoltaic (PV) connectors must maintain mechanical integrity for over 25 years while operating under UV exposure, elevated temperature, and mechanical loading. Connector degradation increases with electrical resistance, leading to energy losses, unplanned downtime, and higher operation and maintenance (O&M) costs and in severe cases, safety risks from overhearing or arcing. Connector related failures remain among the most frequent causes of disruption in utility-scale PV (UPV) systems, yet their lifetime economic impacts are poorly quantified. This work presents a techno-economic analysis (TEA) framework that links identified connector failure modes to system level energy losses and lifetime cost impacts using identified resistance measurements and failure rates from 6,2761 PV connectors inspected. Connector failures increase system level O&M costs, raising LCOE by roughly 5%. Downtime driven availability losses dominate economic impact. Resistance-driven I2R and IV-curve losses are secondary, but remain non-negligible. Thermal damage, bend-radius violations, and loose connections drive the majority of LCOE uplift Improving connector reliability through better installation quality, inspection, and design can meaningfully reduce lost energy, O&M costs, and LCOE.
PET and polyolefin plastics supply chains in Michigan: present and future systems analysis of environmental and socio-economic impacts
Many actions are underway at global, national, and local levels to increase plastics circularity. However, studies evaluating the environmental and socio-economic impacts of such a transition are lacking at regional levels in the United States. In this work, the existing polyethylene terephthalate and polyolefin plastics supply chains in Michigan were compared to a potential future (‘NextCycle’) scenario that looks at increasing Michigan’s overall recycling rate to 45%. Material flow analysis data was combined with environmental and socio-economic metrics to evaluate the sustainability of these supply chains for the modeled scenarios. Overall, the NextCycle scenario for these supply chains achieved a net 14% and 34% savings of greenhouse gas (GHG) emissions and energy impacts, when compared with their respective baseline values. Additionally, the NextCycle scenario showed a net gain in employment and wages, however, it showed a net loss of revenue generation outside of Michigan due to the avoided use of virgin resins in Michigan.
Climate-Driven Divergence in Biophysical and Economic Impacts of Agrivoltaics
Increasing global demands for food and energy necessitate innovative land-use solutions. Agrivoltaics, colocating solar photovoltaics with agriculture, shows promise, but its widespread adoption faces complex biophysical and economic trade-offs in a changing climate. Here, we develop an integrated biophysical-economic modeling framework to quantify how agrivoltaics affect biophysical and economic impacts across the Midwestern United States under both current and project climate conditions. We find strong regional divergences driven by climate gradients. In the humid eastern Midwest, solar panel shading limits photosynthesis, leading to reduced yields (maize -24%; soybean -16%) and lower farmers' profitability (maize -16%; soybean -2%) compared to conventional agriculture. Conversely, in the semiarid western region, shading alleviates heat and water stress, moderating yield reductions for maize (-12%) and even boosting soybean yields (+6%), resulting in improved economic returns (-6% for maize; +9% for soybean), for a scenario with 33% photovoltaic ground coverage ratio. Although agrivoltaics generate substantial electrical energy across all regions, high upfront installation costs challenge solar developers compared to standalone solar photovoltaics. However, our analysis identifies “win-win” opportunities where soybean-based agrivoltaics in the semiarid region produce economic benefits for both farmers and solar developers, highlighting the necessity for region-specific designs tailored to local climate conditions. Critically, future climate projections indicate eastward expansion of semiarid conditions, broadening areas where agrivoltaics can mitigate crop yield penalties (even boosting yield) and improve overall profitability, especially under high-emission scenarios. The results provide a mechanistic and economically integrated understanding essential for developing evidence-based and region-specific strategies to scale agrivoltaics in a changing climate.
Economic impact of yield and compositions variation in bioenergy crops: Populus trichocarpa
Supplementary Data for Economic impact of yield and compositions variation in bioenergy crops: Populus trichocarpa manuscript