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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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Effectiveness of Loan Guarantees versus Tax Incentives for Space Launch Ventures

Over the course of the past few years, several new and innovative fully or partiailly reusable launch vehicle designs have been initiated with the objective of reducing the cost of space transportation. These new designs are in various stages hardware development for technology and system demonstrators. The larger vehicles include the Lockheed Martin X-33 technology demonstrator for VentureStar and the Space Access launcher. The smaller launcher ventures include Kelly Space and Technology and Rotary Rocket Company. A common denominator between the new large and small commercial launch systems is the ability to obtain project financing and at an affordable cost. Both are having or will have great difficulty in obtaining financing in the capital markets because of the dollar amounts and the risk involved. The large established companies are pursuing multi-billion dollar developments which are a major challenge to finance because of the size and risk of the projects. The smaller start-up companies require less capital for their smaller systems, however, their lack of corporate financial muscle and launch vehicle track record results in a major challenge to obtain financing also because of high risk. On Wall Street, new launch system financing is a question of market, technical, organizational, legal/regulatory and financial risk. The current limit of acceptable financial risk for Space businesses on Wall Street are the telecommunications and broadcast satellite projects, of which many in number are projected for the future. Tbc recent problems with Iridium market and financial performance are casting a long shadow over new satellite project financing, making it increasingly difficult for the new satellite projects to obtain needed financing.

Scottoline, S.↗

Public policy for solar heating and cooling

Recent analyses indicated that solar heating and cooling systems for residential buildings are nearly economically competitive with conventional fossil fuel or electric systems, the former having higher initial cost but a lower operating cost than the latter. The paper examines obstacles to the widespread acceptance and use of solar space conditioning systems and explores some general policies which could help to overcome them. The discussion covers such institutional barriers limiting the adoption of solar technologies as existing building codes, financing constraints, and organizational structure of the building industry. The potential impact of financial incentives is analyzed. It is noted that a tax incentive of 25% could speed the use of solar energy by 7 to 8 years and produce an 8% reduction in fossil fuel use by 1990. A preliminary incentive package which could be helpful in promoting solar energy both at federal and state levels is proposed, and the necessary incentive level is analysed.

Hirshberg, A. S.↗

Select state inland wetland protection laws. A review of the state laws and their natural resource data requirements

Although many states afford some measure of protection for wetland areas through flood-plain regulations or through programs for coastal areas, shorelands, scenic and wild rivers or pollution control, few states have programs that adequately deal with conservation of wetlands. Only 16 states have legislation specifically regulating development or use of wetlands. Most of the wetland acts apply only to coastal wetlands, several to inland wetlands and three acts apply to both. Many other states are still regulating wetland use through the dredge and fill and/or critical area program. Several offer tax incentives to property owners to encourage protection of wetlands or broader open spaces. Many states have acquired wetlands for park and wildlife purposes and a large measure of wetland protection is achieved by the very restrictive controls applied to floodways areas. Direct floodplain or floodway regulations or state standards for local regulations were adopted in 24 states but protection of ecological values of wetlands is rarely an explicit objective of these programs. Scenic and wild river programs adopted in one half of the states provide some protection for wetland areas.

Klein, S. B.↗

PV large systems project

Near term photovoltaic central-station markets are analyzed. Cost effectiveness of photovoltaic plants is determined in terms of reduction of oil consumption. The breakeven photovoltaic system cost vs oil-steam power generation is given. The value of photovoltaic power plants in Southern California and in Los Angelos is given in terms of fuel savings and capacity value. The potential value of third party financing, facilitated by Federal and state tax incentives is analyzed.

Leonard, S. L.↗

Solar thermal technology development: Estimated market size and energy cost savings. Volume 2: Assumptions, methodology and results

Estimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. Three fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. Solar thermal technology research and development (R&D) is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), depending on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest. Analysis is also provided regarding two federal incentives currently in use: The Federal Business Energy Tax Credit and direct R&D funding.

Gates, W. R.↗

Highly Effective, Low Toxicity, Low Environmental Impact Total Flooding Fire Suppressants

Halon 1301 (CF3Br) has been used for decades as the primary fire suppression agent for areas where powder agents cannot be used because of concerns for sensitive equipment. Halon 1301 is an excellent extinguishing agent, effective at about 3% in air and quite non-toxic. It has an effective exposure limit much greater than its extinguishing concentration, so it can be used in normally occupied areas. The ability of a chemical to destroy stratospheric ozone is its ozone-depletion potential (ODP). ODP is the amount of ozone destroyed per pound of a chemical, relative to the standard CFC-11 with an ODP = 1.0. Because halons have been implicated in stratospheric ozone depletion, their production was stopped at the end of 1995 under the provisions of the Montreal Protocol plus later amendments. In the US, the Clean Air Act Amendments of 1990, Presidential directives, and DoD Directive 6050.9 implemented this phaseout. These regulations and penalties have provided strong incentives for US businesses to decrease CFC use. The Omnibus Budget Reconciliation Act of 1989 mandates high Federal taxes on CFCs and halons, designed to price them out of the market. The taxes also capture for the government the windfall profits that would otherwise go to producers as scarcity drives up prices. Several replacements have been developed for Halon 1301. One is carbon dioxide, which has been used as a firefighting agent for many years. However, a high concentration of carbon dioxide is necessary to inert fuels. The effective concentration for inerting with carbon dioxide is approximately 29%, which is above the concentration lethal to humans. HFC-227ea is being used extensively to replace Halon 1301 systems in nominally occupied areas and some normally unoccupied areas. However, since the effective concentration of HFC-227ea is about three to four times that of Halon 1301 the extinguishing systems have to be larger and new extinguishing systems have to be installed. HFC-125 is also being sold as an extinguishing agent (Nimitz). It has problems similar to HFC-227ea, with a greater concentration needed for effectiveness and the need to use a larger system. This is a particularly onerous penalty in aircraft and spacecraft, where weight and space are extremely important, and substitution is often impossible in existing aircraft due to space limitations.

Glass, S. M.↗

Large-scale terrestrial solar cell power generation cost: A preliminary assessment

A cost study was made to assess the potential of the large-scale use of solar cell power for terrestrial applications. The incentive is the attraction of a zero-pollution source of power for wide-scale use. Unlike many other concepts for low-pollution power generation, even thermal pollution is avoided since only the incident solar flux is utilized. To provide a basis for comparison and a perspective for evaluation, the pertinent technology was treated in two categories: current and optimistic. Factors considered were solar cells, array assembly, power conditioning, site preparation, buildings, maintenance, and operation. The capital investment was assumed to be amortized over 30 years. The useful life of the solar cell array was assumed to be 10 years, and the cases of zero and 50-percent performance deg-radation were considered. Land costs, taxes, and profits were not included in this study because it was found too difficult to provide good generalized estimates of these items. On the basis of the factors considered, it is shown that even for optimistic projections of technology, electric power from large-sclae terrestrial use of solar cells is approximately two to three orders of magnitude more costly than current electric power generation from either fossil or nuclear fuel powerplants. For solar cell power generation to be a viable competitor on a cost basis, technological breakthroughs would be required in both solar cell and array fabrication and in site preparation.

Spakowski, A. E.↗