REopt: A Platform for Energy System Integration and Optimization: Preprint
REopt is NREL's energy planning platform offering concurrent, multi-technology integration and optimization capabilities to help clients meet their cost savings and energy performance goals. The REopt platform provides techno-economic decision-support analysis throughout the energy planning process, from agency-level screening and macro planning to project development to energy asset operation. REopt employs an integrated approach to optimizing a site?s energy costs by considering electricity and thermal consumption, resource availability, complex tariff structures including time-of-use, demand and sell-back rates, incentives, net-metering, and interconnection limits. Formulated as a mixed integer linear program, REopt recommends an optimally-sized mix of conventional and renewable energy, and energy storage technologies; estimates the net present value associated with implementing those technologies; and provides the cost-optimal dispatch strategy for operating them at maximum economic efficiency. The REopt platform can be customized to address a variety of energy optimization scenarios including policy, microgrid, and operational energy applications. This paper presents the REopt techno-economic model along with two examples of recently completed analysis projects.
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- Resource Relation:
- Conference: Presented at the 8th International Conference on Energy and Sustainability (ES2014), 30 June - 2 July 2014, Boston, Massachusetts
- Research Org:
- National Renewable Energy Laboratory (NREL), Golden, CO.
- Sponsoring Org:
- Federal Energy Management Program; U.S. Army; U.S. Navy
- Country of Publication:
- United States
- 29 ENERGY PLANNING, POLICY AND ECONOMY; 30 DIRECT ENERGY CONVERSION; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION RENEWABLE ENERGY OPTIMIZATION; ENERGY SYSTEM INTEGRATION AND OPTIMIZATION; ENERGY PLANNING PLATFORM; DECISION-SUPPORT; REOPT
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