Building a Business Case for Compressed Natural Gas in Fleet Applications
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
VICE 2.0 is the second generation of the VICE financial model developed by the National Renewable Energy Laboratory for fleet managers to assess the financial soundness of converting their fleets to run on CNG. VICE 2.0 uses a number of variables for infrastructure and vehicles to estimate the business case for decision-makers when considering CNG as a vehicle fuel. Enhancements in version 2.0 include the ability to select the project type (vehicles and infrastructure or vehicle acquisitions only), and to decouple vehicle acquisition from the infrastructure investment, so the two investments may be made independently. Outputs now include graphical presentations of investment cash flow, payback period (simple and discounted), petroleum displacement (annual and cumulative), and annual greenhouse gas reductions. Also, the Vehicle Data are now built around several common conventionally fueled (gasoline and diesel) fleet vehicles. Descriptions of the various model sections and available inputs follow. Each description includes default values for the base-case business model, which was created so economic sensitivities can be investigated by altering various project parameters one at a time.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE), Vehicle Technologies Office (EE-3V)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1215126
- Report Number(s):
- NREL/TP-5400-63707
- Country of Publication:
- United States
- Language:
- English
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