For decades, the world has been grappling with the challenge of achieving clean air, striving to reduce pollution and minimize the impact of human activities on the environment. Amidst the complexity of the global energy landscape, energy modeling has emerged as an indispensable tool for policymakers, scientists, and other stakeholders. In this blog post, we will explore the vital role that energy modeling has played in guiding the transition to cleaner energy systems, making the quest for clean air a calculated and achievable endeavor, rather than a mere shot in the dark.
Read More
Topics:
Energy Policy,
Alternative Technologies,
Integrated Modeling,
Clean Energy,
Emissions
Read More
Topics:
Energy,
NEMS,
Energy Modeling,
Energy Policy,
Alternative Power,
Integrated Modeling,
Transportation Technologies,
Oil and Gas Production,
Electricity System,
Electric Vehicles,
NEMS Model,
Renewable Energy,
Advanced Technologies,
electricity grid,
Scenario Analysis,
Hydrogen,
Electricity Storage,
Battery Storage,
Innovation + Regulation,
Clean Energy
On March 3, the Bipartisan Policy Center hosted the announced release of the U.S. Energy Information Administration’s Annual Energy Outlook (AEO) 2022. This much-anticipated report describes EIA’s unbiased view of energy markets reflected in several core scenarios performed using the National Energy Modeling System (NEMS), a complex energy model of U.S. supply and demand created and maintained by EIA. The core scenarios include a reference case and several alternative scenarios that provide insights into potential changes in energy markets resulting from a range of assumptions about future oil prices, oil and natural gas resources, macroeconomic levels, and renewable costs. The reference case this year also includes the potential effects of select provisions from the recently passed Infrastructure Investment and Jobs Act (IIJA) including the Civil Nuclear Credit Program, the Strategic Petroleum Reserve drawdown and sales, and overall increased government spending related to the Act.
Read More
Topics:
Energy Modeling,
Energy Policy,
Integrated Modeling,
NEMS Model,
Scenario Analysis
Now is the time for modelers to reassess how nuclear technologies are represented in energy system models. That is the conclusion of a new OnLocation paper written for the Nuclear Innovation Alliance. This paper examines the many ways that nuclear energy, including advanced nuclear reactors, can play a significant role in meeting climate mitigation goals and makes a case for energy modelers to consider incorporating characteristics and applications for advanced reactors into their energy economic models.
Read More
Topics:
Energy,
NEMS,
Energy Modeling,
Energy Policy,
Integrated Modeling,
climate change,
Advanced Technologies,
nuclear power
OnLocation, and our parent company KeyLogic, have decades of experience studying and modeling carbon capture, utilization, and storage (CCUS) technology and policy. This work is highlighted in a newly published Power Magazine article, CCUS: Big Opportunity and Hard Questions.
CCUS has been portrayed by some advocates as a panacea for fossil-fired power and pilloried by critics as a dangerous diversion from serious decarbonization. The reality is more complicated than saying the truth lies somewhere in the middle. Our analysis identifies the policy issues that must be addressed for a successful CCUS rollout, and also what “success” might mean – that is, where are the likely markets for American CCUS technology.
As discussed in the article, there appears to be a consensus that CCUS is an essential part of the net-zero carbon solution. According to the IEA, CCUS is a necessary tool for use in keeping the increase in global temperatures below 2C and reaching net-zero by 2050. The Biden Administration agrees: the Council on Environmental Quality recently reported that to reach the President’s decarbonization goals the nation will “likely have to capture, transport, and permanently sequester significant quantities of carbon dioxide.”
Read More
Topics:
Energy,
NEMS,
Energy Modeling,
Environmental Regulation,
Energy Policy,
Integrated Modeling,
Oil and Gas Production
