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Results for “Economic Optimization”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

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At least 19 records
All sourcesNASA NTRSDOE OSTI
NASA NTRS1980

Advanced Cogeneration Technology Economic Optimization Study (ACTEOS)

The advanced cogeneration technology economic optimization study (ACTEOS) was undertaken to extend the results of the cogeneration technology alternatives study (CTAS). Cost comparisons were made between designs involving advanced cogeneration technologies and designs involving either conventional cogeneration technologies or not involving cogeneration. For the specific equipment cost and fuel price assumptions made, it was found that: (1) coal based cogeneration systems offered appreciable cost savings over the no cogeneration case, while systems using coal derived liquids offered no costs savings; and (2) the advanced cogeneration systems provided somewhat larger cost savings than the conventional systems. Among the issues considered in the study included: (1) temporal variations in steam and electric demands; (2) requirements for reliability/standby capacity; (3) availability of discrete equipment sizes; (4) regional variations in fuel and electricity prices; (5) off design system performance; and (6) separate demand and energy charges for purchased electricity.

Nanda, P.↗
DOE OSTI2020

Hierarchical, Grid-Aware, and Economically Optimal Coordination of Distributed Energy Resources in Realistic Distribution Systems

Renewable portfolio standards are targeting high levels of variable solar photovoltaics (PV) in electric distribution systems, which makes reliability more challenging to maintain for distribution system operators (DSOs). Distributed energy resources (DERs), including smart, connected appliances and PV inverters, represent responsive grid resources that can provide flexibility to support the DSO in actively managing their networks to facilitate reliability under extreme levels of solar PV. This flexibility can also be used to optimize system operations with respect to economic signals from wholesale energy and ancillary service markets. Here, we present a novel hierarchical scheme that actively controls behind-the-meter DERs to reliably manage each unbalanced distribution feeder and exploits the available flexibility to ensure reliable operation and economically optimizes the entire distribution network. Each layer of the scheme employs advanced optimization methods at different timescales to ensure that the system operates within both grid and device limits. The hierarchy is validated in a large-scale realistic simulation based on data from the industry. Simulation results show that coordination of flexibility improves both system reliability and economics, and enables greater penetration of solar PV. Discussion is also provided on the practical viability of the required communications and controls to implement the presented scheme within a large DSO.

distribution network↗
DOE OSTI2021

Examining the Economic Optimality of Automatic Generation Control

The automatic generation control (AGC) system is temporally situated between economic dispatch and synchronous generator dynamics, and its primary role is to regulate frequency within and tie-line flows between control areas. Given appropriate choice of participation factors (feed-forward controller gains that govern the disaggregation of the area-level power requirement to individual generators), the AGC can be engineered to nudge system dynamics toward a steady-state operating point corresponding to economic optimality. This paper establishes necessary and sufficient conditions under which a widely accepted choice of participation factors guarantees the alignment of steady-state synchronous generator outputs with a global minimum of a prototypical economic dispatch problem. In so doing, it resolves several ambiguities and formalizes technical assumptions governing the role of the standard AGC architecture in the context of economic dispatch and steady-state operation. Numerical case studies tailored to a modified version of the New England 39-bus 10-machine test system validate the theoretical results.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2024

Development of a Chemistry-Based Isotherm Model and Techno-Economic Optimization of a Moving Bed Process for CO2 Capture Using a Functionalized Metal-Organic Framework

Amine-appended metal-organic frameworks of the class Mg2(dobpdc) are promising candidates for efficient carbon capture in part due to their step-shaped CO2 adsorption behavior. However, the existing isotherm models are lacking as they are unable to capture the complicated chemisorption mechanisms which are still not well known for these materials. Here, a chemistry-based isotherm model is developed and fit to experimental CO2 adsorption data for dmpn-Mg2(dobpdc). Reactions for a cooperative adsorption mechanism are proposed, and the reaction pathway is optimally selected. The chemistry-based model shows an improvement in prediction by a factor of 6 when compared to a recent isotherm model in literature. A plant-wide model is developed for a moving bed based adsorber/desorber and techno-economic optimization is performed. For likely values of price and lifespan, the moving bed process gives a significant improvement in economics when compared to a fixed bed contactor process and a traditional MEA capture system.

carbon capture↗
DOE OSTI2024

Techno-Economic Optimization of Fixed Bed and Moving Bed Contactors for CO2 Capture from NGCC Plants Using a Functionalized Metal-Organic Framework

Amine-appended metal–organic frameworks (MOFs) have strong potential for post-combustion CO2 capture from NGCC plants. In this work, a specific tetramine-appended MOF, Mg2(dobpdc)(3-4-3) (dobpdc4− = 4,4′-dioxidobiphenyl-3,3′dicarboxylate; 3-4-3 = N,N′bis(3-aminopropyl)-1,4-diaminobutane), is evaluated due to its superior performance compared to other candidate diamine-appended and tetraamine-appended MOFs. Techno-economic optimization is performed to minimize the cost of capture by using the Framework for Optimization, Quantification of Uncertainty, and Surrogates (FOQUS), which is capable of optimizing systems by using derivative-free optimization solvers where process models are built using numerous modeling platforms. The technical and economic performances of both fixed bed and moving bed processes are compared with state-of-the-art amine-based solvent systems.

Hughes, Ryan↗
DOE OSTI2023

Techno-economic optimization of renewable urea production for sustainable agriculture and CO 2 utilization

Abstract Urea is the most used nitrogen fertilizer due to its ease of storage, transportation, and application. It is made by combining ammonia and carbon dioxide (CO 2 ), both of which are produced predominantly from fossil fuels at present. The recent momentum behind ammonia production using renewable-powered electrolysis offers an opportunity to both make urea in a more sustainable way and utilize CO 2 from external sources. In this work, we present a techno-economic optimization model to minimize the cost of making urea in this way. The model allows for time-varying chemical production in response to renewable variability by simultaneously optimizing production facility design and hourly operation. We performed a case study for Minnesota considering the use of byproduct CO 2 from bioethanol production. We found that the present-day levelized cost of renewable urea is between $268 mt −1 and $413 mt −1 at likely implementable production scales up to 250 000 mt yr −1 . This is within the range of historical conventional urea prices while offering at least 78% carbon intensity reduction. Projecting to 2030, there is a clear economic case for renewable urea production with levelized cost as low as $135 mt −1 due to technology improvement and electrolysis manufacturing expansion, facilitating a urea production scale increase to 525 000 mt yr −1 . Optimal facilities use wind energy, with hydrogen and ammonia production operating in a flexible, time-varying way to minimize battery and hydrogen storage capacities. Urea production operates near steady state due to the relatively low cost of intermediate ammonia buffer storage. A mix of imported methane and locally produced hydrogen are used to provide heat for steam consumed in the urea synthesis.

Chemistry↗
DOE OSTI2022

Enabling Production of Algal Biofuels by Techno-Economic Optimization of Co-Product Suites

Recent techno-economic analysis (TEA) has underscored that for algal biofuels to be cost competitive with petroleum fuels, co-products are necessary to offset the cost of fuel production. The co-product suite must scale with fuel production while also maximizing value from the non-fuel precursor components. The co-product suite also depends on algal biomass composition, which is highly dynamic and depends on environmental conditions during cultivation. Intentional shifts in composition during cultivation are often associated with reduced biomass productivity, which can increase feedstock production costs for the algae-based biorefinery. The optimal algae-based biorefinery configuration is thus a function of many factors. We have found that comprehensive TEA, which requires the construction of process models with detailed mass and energy balances, along with a complete accounting of capital and operating expenditures for a commercial-scale production facility, provides invaluable insight into the viability of a proposed biorefinery configuration. This insight is reflected in improved viability for one biorefining approach that we have developed over the last 10 years, namely, the Combined Algal Processing (CAP) approach. This approach fractionates algal biomass into carbohydrate-, lipid-, and protein-rich fractions, and tailors upgrading chemistry to the composition of each fraction. In particular, transitioning from valorization of only the lipids to a co-product suite from multiple components of high-carbohydrate algal biomass can reduce the minimum fuel selling price (MFSP) from more than $8/gallon of gasoline equivalent (GGE) to $2.50/GGE. This paper summarizes that progress and discusses several surprising implications in this optimization approach.

09 BIOMASS FUELS↗
DOE OSTI2023

Techno-Economic Optimization of Advanced Energy Plants with Integrated Thermal, Mechanical, and Electro-Chemical Storage (Final Report)

The increasing use of renewable energy sources is leading to increased cycling of fossil-fueled power plants (FFPP) that are designed to operate at base-loaded conditions. Integrating energy storage facilities with the FFPPs can be helpful in reducing load-following operation of FFPPs. Decentralized deployment of energy storage facilities at the FFPP level has considerable advantages due to possibilities of smaller storage capacities, immediate benefits realized by the host power plant due to the increase in the efficiency, cleaner emission and higher plant life to name a few. Most importantly, deployment at the FFPP level can exploit the existing equipment items and facilities at the host power plant, thus reducing the CAPEX and reducing the storage capacity. However, realization of these benefits will critically depend on novel configuration/integration strategies with the least impact on the power plant operation and its configuration. Furthermore, dynamics of the entire integrated system including both the FFPP and the storage technologies must be taken into account to obtain the cost-optimal solution. With these motivations, the objective of this project was to complete a focused evaluation of decentralized deployments of energy storage facilities at the FFPP level. Promising thermal, chemical, mechanical, and electro-chemical storage technologies were evaluated with due consideration of their transient response to obtain various optimal system concepts that can minimize the levelized cost of storage. For thermal storage, cryogenic energy storage along with high temperature heat storage in molten salt as well as phase change material were evaluated. For mechanical storage, cryogenic air storage and pumped hydro storages were evaluated. For chemical storage, hydrogen storage was evaluated. For electrochemical storage, the team evaluated sodium sulfur, vanadium redox flow battery as well as Li-ion batteries. Integration of these storage technologies with the natural gas combined cycle (NGCC) and supercritical pulverized coal (SCPC) plants was considered. Six technologies, namely molten salt, cryogenics, compressed air, pumped hydro, H2 storage and Li-ion battery storage, were downselected based on their levelized cost of storage. It was observed that the ranking of the optimal storage technology can differ based on the host power plant technology even when same demand/supply/price profile for electricity are considered. It was also observed that as the variability in power demand varies, the ranking of the optimal storage technologies vary. However, for the same demand and LMP profile, top six optimal storage technologies for NGCC vs SCPC plants did not differ much even though LCOS for the same technology and optimal size of a given storage technology did differ. Detailed techno-economic assessment of these six technologies was undertaken.

01 COAL, LIGNITE, AND PEAT↗
DOE OSTI2020

Optimal economic operation of liquid petroleum products pipeline systems

The majority of overland transport needs for crude petroleum and refined petroleum products are met using pipelines. Numerous studies have developed optimization methods for design of these systems in order to minimize construction costs while meeting capacity requirements. Here, we formulate problems to optimize the operations of existing single liquid commodity pipeline systems subject to physical flow and pump engineering constraints. The objectives are to maximize the economic value created for users of the system and to minimize operating costs. We present a general computational method for this class of continuous, non-convex nonlinear programs, and examine the use of pump operating settings and flow allocations as decision variables. Furthermore, the approach is applied to compute optimal operating regimes and perform engineering economic sensitivity analyses for a case study of a crude oil pipeline developed using publicly available data.

02 PETROLEUM↗
DOE OSTI2021

Techno-Economic Optimization of CSP Plants with Free-Falling Particle Receivers

Particle receivers are one of the candidates for the next generation of CSP plants, whose goal is to reduce the levelized cost of electricity (LCOE) to 0.05 $/kWh. This paper presents a techno-economic analysis to study if a CSP system with free-falling particle receiver can achieve this goal. The plant analyzed integrates two ground-based bins to store the excess energy and a supercritical CO2 cycle to generate electricity. The model used for the analysis presents several upgrades to previous particle systems models in order to increase its fidelity, accuracy, and representativeness of an actual system. The main upgrades are the addition of off-design conditions during the annual simulations in all the components and an improved receiver model validated against CFD simulations. The size of the main components is optimized to obtain the system configuration with minimum LCOE. The results show that particle CSP systems can reduce the LCOE to 0.056 $/kWh if the configuration is composed of 1.61 × 106 m2 of heliostats, a 250 m high tower with a 537 m2 falling particle curtain, and 16 h thermal energy storage.

54 ENVIRONMENTAL SCIENCES↗
DOE OSTI2022

Optimal economic dispatch policy for prosumer with energy storage considering self-consumption demand

This paper analyzed the effects of self-consumption demand on the joint economic dispatch of prosumers (energy consumers who are also producers), particularly for prosumers with both energy storage and distributed energy sources (DERs). Studies in the existing literature on the economic dispatch scheduling policy of energy storage, mostly from the perspective of electricity merchants, do not address the impacts of self-consumption demand. However, due to the intermittent and high levels of uncertainty regarding DERs generation and the dynamic demand of the prosumer, production and consumption are not always simultaneous; there are two possible scenarios in each period depending on whether DERs generation can meet prosumers' self-consumption or not. Incorporating the self-consumption demand will pose modeling challenges since these two scenarios cannot occur simultaneously in each period, and different scenarios require different decisions for prosumers. Further, this paper analyzed the two scenarios separately to find the optimal storage scheduling strategy, and the results were combined to get the optimal global solution. We focused on prosumers' economic decision-making while considering self-consumption demand and the physical constraints of a battery based on dynamic programming. Our study showed that the feasible state of charge (SOC) range of storage can be segmented into several sub-ranges by SOC reference points under the above two scenarios. As a result, a prosumer's optimal scheduling can be uniquely and conveniently selected based on the sub-ranges within which the current SOC falls. The results, therefore, provided multistage decision-making guidance for prosumers with energy storage.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2024

Techno-Economic Optimization of a Solvent Absorption Process for CO2 Capture with 3D-Printed Intensified Packing

Presentation given at the 2024 annual AICHE meeting held October 27-31, 2024. The presentation focuses on modeling performance and economics of a solvent absorption system for CO2 capture with towers utilizing intensified packing. The packing is an alternative to traditional structured packing by incorporating cooling channel for simultaneous mass and heat transfer.

Summits, Stephen↗
DOE OSTI2025

Optimal Economic Dispatch and Load-Following Strategies for Nuclear Integrated Energy Systems

The need for distributed and adaptable energy resources that can handle the growing unpredictability in both supply and demand is rising as the power system continues to modernize. In order to satisfy those needs and maintain grid resilience, nuclear power plants can dynamically control their output, despite typically being used as baseload generators. By incorporating energy storage and renewable energy sources, nuclear integrated energy systems are designed to satisfy the electrical and thermal demands of different end-user applications while ensuring flexible power operation. These systems generate revenue by participating in both wholesale and ancillary services electricity markets, as well as commodity markets for various byproducts generated from coupled industrial processes. This study addresses the economic dispatch efficiency of a tightly coupled nuclear integrated energy system comprising a gigawatt-scale light water reactor, commercialized in the U.S., a high-temperature steam electrolysis unit, a district heating network, and specified electrical loads. To demonstrate the nuclear power plant’s flexibility within the day-ahead unit commitment and economic dispatch framework, while maintaining equilibrium even during periods of refueling outages, this paper develops a mixed-integer linear programming framework that models the subsystems and components of its nuclear steam supply system. A systematic comparative analysis of flexible versus baseload nuclear power plant operation under varying levels of renewable energy integration indicates that flexible operation enhances system profitability by more than 18% while also increasing energy storage utilization, improving reactor responsiveness to load fluctuations, and allowing for greater participation across numerous electricity markets.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2022

Techno-Economic Optimization of the SurgeWEC Device

This is the post-access report for a Teamer-funded effort to optimize the SurgeWEC device, a near-shore pivoting flap wave energy conversion device used to desalinate water. Parametrically driven cost and performance models enabled an integrated optimization approach at the farm scale. The metric used for this study was the levelized cost of water (LCOW). The data-set includes: 1. A public-domain post access report 2. An excel file with the data and plots generated under this study

16 TIDAL AND WAVE POWER↗