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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

The Missing Economic Risks in Assessments of Climate Change Impacts

Economic assessments of the potential future risks of climate change have been omitting or grossly underestimating many of the most serious consequences for lives and livelihoods because these risks are difficult to quantify precisely and lie outside of human experience. Political and business leaders need to understand the scale of these ‘missing risks’ because they could have drastic and potentially catastrophic impacts on citizens, communities and companies. Scientists are growing in confidence about the evidence for the largest potential impacts of climate change and the rising probability that major thresholds in the Earth’s climate system will be breached as global mean surface temperature rises, particularly if warming exceeds 2°C above the pre-industrial level. These impacts include: (1) Destabilisation of ice sheets and glaciers and consequent sea level rise. (2) Stronger tropical cyclones. (3) Extreme heat impacts. (4) More frequent and intense floods and droughts. (5) Disruptions to oceanic and atmospheric circulation. (6) Destruction of biodiversity and collapse of ecosystems. Many of these impacts will grow and occur concurrently across the world as global temperature climbs. Some of these impacts involve thresholds in the climate system beyond which major impacts accelerate, or become irreversible and unstoppable. When a threshold is breached, it might cause one or more other thresholds to be exceeded as well, leading to a cascade of impacts. Many of these impacts could exceed the capacity of human populations to adapt, and would significantly affect and disrupt the lives and livelihoods of hundreds of millions, if not billions, of people worldwide. These impacts would also undermine economic growth and development, exacerbate poverty and destabilise communities. Economic assessments fail to take account of the potential for large concurrent impacts across the world that would cause mass migration, displacement and conflict, with huge loss of life. Economic assessments that are expressed solely in terms of effects on output (e.g. gross domestic product), or that only extrapolate from past experience, or that use inappropriate discounting, do not provide a clear indication of the potential risks to lives and livelihoods. It is likely that there are additional risks that we are not yet anticipating simply because scientists have not yet detected their possibility, as we have entered a period of climate change that is unprecedented in human history. Some advances are being made in improving economic assessments of climate change impacts but much more progress is required if assessments are to offer reliable guidance for political and business leaders on the biggest risks. The lack of firm quantifications is not a reason to ignore these risks, and when the missing risks are taken into account, the case for strong and urgent action to reduce greenhouse gas emissions becomes even more compelling.

DeFries, Ruth↗

American Airlines Propeller STOL Transport Economic Risk Analysis

A Monte Carlo risk analysis on the economics of STOL transports in air passenger traffic established the probability of making the expected internal rate of financial return, or better, in a hypothetical regular Washington/New York intercity operation.

Ransone, B.↗

The Technical, Economic, Risk, and Adoption Assessment for Evaluating Work Reduction Opportunities in the Nuclear Industry

Automation and cost-saving initiatives, such as process automation with advances in artificial intelligence, are gaining traction in modernization efforts across the nuclear industry. As these innovations are increasingly adopted, it becomes crucial to evaluate their impacts comprehensively. Various technical and economic attributes, along with risk and human readiness factors, must be achieved to ensure that innovative projects enabling automation and modernization are successful. However, no systematic or integrated framework exists that allows plants to evaluate these innovative projects. To address this gap, the Technical, Economic, Risk, and Adoption (TERA) assessment offers a structured method to evaluate innovative technologies, ensuring solutions meet both operational and safety standards. The TERA framework integrates the disparate perspectives to assess modernization opportunities in nuclear operations. It combines qualitative and quantitative models to evaluate the relationship between performance and business impacts, while also enabling continuous re-evaluation during project development. This approach helps plant owners identify high-priority opportunities, optimize cost savings, and minimize risks, ensuring projects remain on track to achieve desired returns. By providing a comprehensive, systematic methodology, TERA enables informed, data-driven decisions that support successful modernization efforts, enhancing efficiency, safety, and cost savings across nuclear operations. This paper explains the TERA framework and its benefits for the nuclear industry.

22 - GENERAL STUDIES OF NUCLEAR REACTORS↗

Performance and economic risk evaluation of dispersed solar thermal power systems by Monte Carlo simulation

A preliminary comparative evaluation of dispersed solar thermal power plants utilizing advanced technologies available in 1985-2000 time frame is under way at JPL. The solar power plants of 50 KWe to 10 MWe size are equipped with two axis tracking parabolic dish concentrator systems operating at temperatures in excess of 1000 F. The energy conversion schemes under consideration include advanced steam, open and closed cycle gas turbines, stirling, and combined cycle. The energy storage systems include advanced batteries, liquid metal, and chemical. This paper outlines a simple methodology for a probabilistic assessment of such systems. Sources of uncertainty in the development of advanced systems are identified, and a computer Monte Carlo simulation is exercised to permit an analysis of the tradeoffs of the risk of failure versus the potential for large gains. Frequency distribution of energy cost for several alternatives are presented.

Manvi, R.↗

Development of a Technical, Economic, and Risk Assessment Tool for the Evaluation of Work Reduction Opportunities

Efficient and cost-effective operation of a nuclear power plant (NPP) is essential to ensuring long-term economical and safe operation. Multiple cost saving opportunities exist, referred to here as work reduction opportunities (WRO). These WROs reduce plant operating costs by employing various cost-effective strategies (e.g., implementation of modern technologies). Identifying and objectively screening WROs is an essential task to help reduce overall costs. However, there is no comprehensive framework for assessing WROs in the nuclear industry and evaluating their impact on plant operations. This report presents a novel framework for systematically evaluating WROs from a technical, economic, and risk perspective. As NPPs continue to add new technology and implement modernization strategies into their current processes, potential WROs are commonly identified. Although most WROs have the potential to reduce costs, not all opportunities will result in significant cost savings due to unforeseen risks, large implementation costs, or benefits that fall short of expectations. Examples of this can be the result of a technology that is not fully developed, uncertainty in the amount of cost reduction, or difficulties introducing a new process into an organization. These uncertainties can manifest several ways and can result in a WRO with limited cost savings or even a loss of investment. The framework developed emphasizes the importance of effectively screening the WROs from a holistic perspective to objectively identify inefficiencies and ensure a positive impact to the organization. This report presents the Technical, Economic, and Risk Assessment (TERA) as a key methodology for the screening and evaluation of potential WROs. The TERA framework begins with a screening phase where the process is examined through a hybrid combination of Lean Six Sigma and Integrated Operations for Nuclear (ION) guiding principles. This framework examines the current processes using the Lean Six Sigma SIPOC (Suppliers, Inputs, Process, Outputs, Consumers) methodology but retains the ION key elements of People, Technology, Process, and Governance as important factors to the nuclear decision-making process. By combining the principles of Lean Six Sigma and ION, the developed screening process is specific to the nuclear industry in that it systematically evaluates WROs in order to implement new technology that is comprehensively evaluated. The TERA begins by mapping current processes as they relate to WROs and examining the inefficiencies. Furthermore, the created process map can be used to identify and evaluate potential solutions. Using key performance indicators (KPIs), the TERA evaluates each area—technology, economics, and risk—for uncertainties and to perform cost-benefit analysis. The results of the TERA are important KPIs that allow for an evaluation of different processes and technology implementations. This assessment enables decision-makers to compare various WROs based on metrics and then make informed decisions for which opportunity to implement first. This research includes not only the creation of the TERA framework, but also the evaluation of its performance. A case study for screening potential WROs at Southern Nuclear Company is presented that utilizes the TERA methodology. Through the use of TERA, various WROs were screened, and the solutions evaluated for cost-benefit expectations. The report concludes by summarizing the overall effort and implications for utility modernization. The performance of the screening and TERA are discussed as well as the impact on the nuclear industry. The TERA process enables utilities to evaluate and inform investment decisions for WROs and mitigate any potential risks. Through this research, we provide utilities with a valuable framework to optimize operations, reduce costs, and drive continuous process improvement.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Cincinnati & Covington Urban Development II: Assessing Flooding and Landslide Susceptibility Along the Ohio-Kentucky Border

Landslides and flooding are reoccurring environmental hazards that lead to health risks and economic burdens in the urban areas of Cincinnati, Ohio and Covington, Kentucky. These communities share underlying natural and artificial conditions that make them vulnerable to these hazards, including excessive precipitation, weak lithology, high impervious surface levels, and steep slopes. Despite the human and economic risks associated with these environmental hazards, the areas of highest vulnerability within the region remain unknown. NASA DEVELOP partnered with Groundwork USA and Groundwork Ohio River Valley (ORV) to assess the region’s susceptibility to landslides and flooding. The team utilized NASA Earth observations, including the Landsat 8 Operational Land Imager (OLI), Landsat 8 Thermal Infrared Sensor (TIRS), and Global Precipitation Measurement (GPM) Integrated Multi-satellitE Retrieval for GPM (IMERG), alongside ancillary datasets to map landslide susceptibility and exposure throughout the study area. The team also used ancillary data to map surface runoff and runoff retention using the Natural Capital Project’s Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST) Urban Flood Risk Mitigation Model. The resulting landslide susceptibility and exposure maps highlight the neighborhoods around Avondale and Fairmount as areas of particularly high landslide exposure. Meanwhile, the InVEST outputs demonstrate that Downtown Cincinnati and the Queensgate neighborhood retain the least amount of rainfall. This research provides partners with a more complete hazard analysis of the greater Cincinnati area while also producing refined methodologies to enhance future flood and landslide vulnerability mapping throughout Groundwork USA’s nationwide network of communities.

Paxton LaJoie↗

Economic impact and risk analysis of integrating sustainable aviation fuels into refineries

The growth of the aviation industry coupled with its dependence on energy dense, liquid fuels has brought sustainable aviation fuel (SAF) research to the forefront of the biofuels community. Petroleum refineries will need to decide how to satisfy the projected increase in jet fuel demand with either capital investments to debottleneck current operations or by integrating bio-blendstocks. This work seeks to compare jet production strategies on a risk-adjusted, economic performance basis using Monte-Carlo simulation and refinery optimization models. Additionally, incentive structures aiming to de-risk initial SAF production from the refiner’s perspective are explored. Results show that market sensitive incentives can reduce the financial risks associated with producing SAFs and deliver marginal abatement costs ranging between 136-182 $/Ton-CO2e.

09 BIOMASS FUELS↗

Cost and Economics for Advanced Launch Vehicles

Market sensitivity and weight-based cost estimating relationships are key drivers in determining the financial viability of advanced space launch vehicle designs. Due to decreasing space transportation budgets and increasing foreign competition, it has become essential for financial assessments of prospective launch vehicles to be performed during the conceptual design phase. As part of this financial assessment, it is imperative to understand the relationship between market volatility, the uncertainty of weight estimates, and the economic viability of an advanced space launch vehicle program. This paper reports the results of a study that evaluated the economic risk inherent in market variability and the uncertainty of developing weight estimates for an advanced space launch vehicle program. The purpose of this study was to determine the sensitivity of a business case for advanced space flight design with respect to the changing nature of market conditions and the complexity of determining accurate weight estimations during the conceptual design phase. The expected uncertainty associated with these two factors drives the economic risk of the overall program. The study incorporates Monte Carlo simulation techniques to determine the probability of attaining specific levels of economic performance when the market and weight parameters are allowed to vary. This structured approach toward uncertainties allows for the assessment of risks associated with a launch vehicle program's economic performance. This results in the determination of the value of the additional risk placed on the project by these two factors.

Whitfield, Jeff↗

Linkages between riverine flooding risk and economic damage over the continental United States

Economic damages from riverine flooding are expected to grow because of climate change. Yet, there are few 7 studies analyzing flooding damages in the U.S. that clearly measure the roles of hazard, exposure, and vulnerability 8 separately and locally. A lack of this knowledge prohibits spatially detailed predictions of future damages. By being 9 able to separate into these three risk factors, we provide all necessary inputs for uncertainty analysis of the flooding-10 damages forecasts that can incorporate new predictive scenarios for each component. To analyze the flooding risk 11 factors of non-coastal counties within the contiguous U.S. between 1999-2018, we gathered information on (1) 12 property and human damages from flooding, (2) maximum annual river discharge, (3) the number of housing units 13 and the years in which they were built, and (4) the incidence of flooding events. We used the method of trimmed 14 least absolute deviated and trimmed least square estimators to obtain the individual impact of hazard, exposure, and 15 vulnerability in the context of censored flooding damages for panel data. The resulting estimates indicate that 16 exposure has been the main driver of flooding risk for most counties in the U.S. Here, we use these estimates to describe 17 the main source of flooding risk for non-coastal counties for the 1999-2018 period.

54 ENVIRONMENTAL SCIENCES↗

Integrated geological, economic, and risk assessment of underground hydrogen storage

Underground hydrogen storage (UHS) is a promising option to buffer variable renewable power and support the hydrogen economy. Yet this technology is early-stage, and key uncertainties remain about how coupled processes such as geochemical and geomechanical impacts affect long-term storage security. In this paper, we seek to integrate the results from a large, multi-scale research program to quantify core feasibility metrics and situate these studies within ongoing efforts. Through this work, we evaluate hydrogen recoverability during storage by assessing diffusive losses, losses to geochemical interactions and their subsequent impact on geomechanical properties, and losses to residual saturation during injection and withdrawal. Molecular and laboratory studies show that lithologic heterogeneity, pore geometry, and mineral surface chemistry govern hydrogen–rock interactions, controlling loss pathways. High-pressure coreflooding is used to estimate relative permeabilities and measure parameters needed for reservoir-scale sensitivity analyses. These core-scale experiments found early hydrogen breakthrough at low saturations driven by capillary and viscous fingering, which limits pore-space utilization at early times, while repeated injection and withdrawal cycles improve deliverability over time. Technoeconomic factors and purity requirements for end uses are also considered as part of our comprehensive feasibility analysis. Finally, we underscore the importance of geophysical monitoring and tailored injection strategies to maintain integrity and efficiency. Together, these results provide a quantitative foundation for safe, scalable deployment of UHS and highlight priorities for future integrated studies.

08 HYDROGEN↗

Economic Risk-Informed Maintenance Planning and Asset Management (Final Report)

The proposed work will provide a holistic framework for cost-minimizing risk-informed maintenance planning, including inspection, in light water reactors (LWRs). Specifically, we develop a two-tier framework that (a) coarsely minimizes the total maintenance cost during the remaining normal operating cycle of the plant prior to the next scheduled outage (long-term), subject to safety requirements, and (b) uses the outputs of the first model to develop a secondary optimization model to finely schedule maintenance activities to maximize the financial impact of these activities in the next week (short-term).

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Low-Temperature Geothermal Resources: Relevant Data and PFA Methods to Reduce Development Risk: Preprint

This project is part of a larger national effort focused on demonstrating the multi-faceted value of integrating low-temperature geothermal resources into national decarbonization strategies and community energy plans. Low-temperature geothermal resources are defined as reservoirs-natural or engineered-with temperatures < 150 degrees C. While the focus in the NREL effort is on geothermal heating and cooling (GHC), resources at the upper end of this temperature range can also be used for small-scale power generation. However, low-temperature geothermal resources have not been studied as extensively as higher-temperature geothermal resources. We identified three major classes of low-temperature geothermal play types: sedimentary basins, orogenic systems, and radiogenic systems. We developed workflows for evaluating the potential of these resources building off the Play Fairway Analysis (PFA) approach to de-risking geothermal exploration. This PFA-based approach to low-temperature geothermal resources includes: (1) identifying relevant data; (2) grouping and weighting of relevant datasets into PFA criteria (e.g., geological, risk, economic criteria); (3) developing favorability or common risk maps for low-temperature geothermal resources to identify potential locations for more focused data collection; and (4) estimating electric power generation and heating potential at those locations using the GeoRePORT Resource Size Assessment Tool. This project will facilitate future deployment of GHC by providing data, tools, and workflows applicable to low-temperature geothermal resources.

favorability maps↗

Low-Temperature Geothermal Resources: Relevant Data and PFA Methods to Reduce Development Risk

This project is part of a larger national effort focused on demonstrating the multi-faceted value of integrating low-temperature geothermal resources into national decarbonization strategies and community energy plans. Low-temperature geothermal resources are defined as reservoirs-natural or engineered-with temperatures < 150 degrees C. While the focus in the NREL effort is on geothermal heating and cooling (GHC), resources at the upper end of this temperature range can also be used for small-scale power generation. However, low-temperature geothermal resources have not been studied as extensively as higher-temperature geothermal resources. We identified three major classes of low-temperature geothermal play types: sedimentary basins, orogenic systems, and radiogenic systems. We developed workflows for evaluating the potential of these resources building off the Play Fairway Analysis (PFA) approach to de-risking geothermal exploration. This PFA-based approach to low-temperature geothermal resources includes: (1) identifying relevant data; (2) grouping and weighting of relevant datasets into PFA criteria (e.g., geological, risk, economic criteria); (3) developing favorability or common risk maps for low-temperature geothermal resources to identify potential locations for more focused data collection; and (4) estimating electric power generation and heating potential at those locations using the GeoRePORT Resource Size Assessment Tool. This project will facilitate future deployment of GHC by providing data, tools, and workflows applicable to low-temperature geothermal resources.

favorability maps↗

Environmental, Economic, and Scalability Consideration of Selected Biomass-Derived Blendstocks for Mixing-Controlled Compression Ignition (MCCI) Engines

Co-Optimization of Fuels & Engines (Co-Optima) explores how simultaneous innovations in fuels and engines can boost fuel economy and vehicle performance while reducing emissions. The Analysis of Sustainability, Scale, Economics, Risk and Trade (ASSERT) team supports Co-Optima goals by evaluating environmental and economic drivers and the potential of bioblendstock candidates. The team assesses potential benefits or drawbacks of deploying co-optimized fuels and engines in the transportation sector. This presentation provides guidance into which Co-Optima bioblendstocks may be most economically and environmentally viable when scaled up.

biomass↗

Mental Models for Managing Grid Cybersecurity Risk - ARC Industry Forum, Cybersecurity and Energy Transition

A proper mental model of the concepts of cyber risk and its components of threat and exploitability and consequence is necessary to allocate limited resources to different security activities, especially when considered alongside reliability and regulatory and economic risks. Understanding the consequence and frequency different risks are realized also helps align the right mitigations to the right risks. Cyber-informed engineering (CIE) is an emerging method to “engineer out” cyber risk across product and system lifecycles, and INL has a portfolio of programs operationalizing CIE’s principles for the energy sector.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Sustainable Critical Minerals: Mining, Production, and Legacy

Critical minerals (CMs) are required in renewable energy systems, electric vehicles, electronics, and national defense. Global demand has increased rapidly due to energy and digital transitions, and the United States has become increasingly reliant on vulnerable supply chains. Geological scarcity, trade barriers, environmental hurdles, and processing challenges impede domestic CM production growth. Emerging strategies, including circular economy practices and advanced sustainable mining and processing techniques, can mitigate supply chain and economic risks. To advance these approaches, consistent research priorities, policy revisions, and technology investments are required to develop a resilient CM supply. Doing so with a focus on sustainability goals can simultaneously advance domestic economic and technological goals while limiting environmental impacts and supporting global environmental goals.

biomining↗