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REopt: A Platform for Energy System Integration and Optimization

[+] Author Affiliations
T. Simpkins, D. Cutler, K. Anderson, D. Olis, E. Elgqvist, M. Callahan, A. Walker

National Renewable Energy Laboratory, Golden, CO

Paper No. ES2014-6570, pp. V002T03A006; 8 pages
doi:10.1115/ES2014-6570
From:
  • ASME 2014 8th International Conference on Energy Sustainability collocated with the ASME 2014 12th International Conference on Fuel Cell Science, Engineering and Technology
  • Volume 2: Economic, Environmental, and Policy Aspects of Alternate Energy; Fuels and Infrastructure, Biofuels and Energy Storage; High Performance Buildings; Solar Buildings, Including Solar Climate Control/Heating/Cooling; Sustainable Cities and Communities, Including Transportation; Thermofluid Analysis of Energy Systems, Including Exergy and Thermoeconomics
  • Boston, Massachusetts, USA, June 30–July 2, 2014
  • Conference Sponsors: Advanced Energy Systems Division
  • ISBN: 978-0-7918-4587-5
  • Copyright © 2014 by ASME

abstract

REopt is an energy planning platform offering concurrent, multiple 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 the energy costs of a site by considering electricity and thermal consumption, resource availability, complex tariff structures including time-of-use, demand and export 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.

Copyright © 2014 by ASME
Topics: Optimization

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