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Title: REopt: A Platform for Energy System Integration and Optimization: Preprint

Abstract

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.

Authors:
; ; ; ; ; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
Federal Energy Management Program; U.S. Army; U.S. Navy
OSTI Identifier:
1155115
Report Number(s):
NREL/CP-7A40-61783
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Conference
Resource Relation:
Conference: Presented at the 8th International Conference on Energy and Sustainability (ES2014), 30 June - 2 July 2014, Boston, Massachusetts
Country of Publication:
United States
Language:
English
Subject:
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

Citation Formats

Simpkins, T., Cutler, D., Anderson, K., Olis, D., Elgqvist, E., Callahan, M., and Walker, A. REopt: A Platform for Energy System Integration and Optimization: Preprint. United States: N. p., 2014. Web. doi:10.1115/ES2014-6570.
Simpkins, T., Cutler, D., Anderson, K., Olis, D., Elgqvist, E., Callahan, M., & Walker, A. REopt: A Platform for Energy System Integration and Optimization: Preprint. United States. doi:10.1115/ES2014-6570.
Simpkins, T., Cutler, D., Anderson, K., Olis, D., Elgqvist, E., Callahan, M., and Walker, A. Fri . "REopt: A Platform for Energy System Integration and Optimization: Preprint". United States. doi:10.1115/ES2014-6570. https://www.osti.gov/servlets/purl/1155115.
@article{osti_1155115,
title = {REopt: A Platform for Energy System Integration and Optimization: Preprint},
author = {Simpkins, T. and Cutler, D. and Anderson, K. and Olis, D. and Elgqvist, E. and Callahan, M. and Walker, A.},
abstractNote = {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.},
doi = {10.1115/ES2014-6570},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Fri Aug 01 00:00:00 EDT 2014},
month = {Fri Aug 01 00:00:00 EDT 2014}
}

Conference:
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