National Renewable Energy Laboratory – Energy Market and Economic Analysis

Description

NREL’s marine energy and hydropower researchers provide water power stakeholders with a variety of tools to quantify the economic impact of technology innovations and economic feasibility studies. These analyses have been used to focus technology development pathways and highlight near-term economic opportunities for water power technology developers.

The techno-economic modeling and analysis staff is integrated with hydrodynamic modeling, grid integration, resource characterization, and hardware validation/characterization staff, as well as other renewable technology researchers, to ensure that the most appropriate models and simulation techniques are leveraged for analyses.

Capabilities include:

• Economic model development
• Levelized cost of energy analysis
• System cost – estimating
• Performance modeling
• Customized analysis for end users
• Blue economy market analysis
• System Advisor Model

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Point of Contact:
Elena Baca – elena.baca@nrel.gov