Plug Into Newly Released 2024 US Electricity Sector Data

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tenth Annual Know-how Baseline Options New Knowledge on Offshore Wind Vitality, Nuclear Energy, Pumped Storage Hydropower, and Extra

At present—nicknamed “ATB Day” by a superfan—marks the discharge of the tenth annual electrical energy sector information for the Electrical energy Annual Know-how Baseline (ATB).

“For a decade, the Electricity ATB has been supporting consistent, timely assumptions in energy analyses,” mentioned Brian Mirletz, who leads the Nationwide Renewable Vitality Laboratory’s (NREL’s) Electrical energy ATB undertaking. “The free, open-source product provides detailed cost and performance data for energy technologies.”

The Electrical energy ATB continues to function a precious useful resource for utility planners and grid operators to know and sort out new challenges within the ever-changing energy panorama. The product organizes each present and projected information into an easy-to-use format, offering detailed info tailor-made to totally different electricity-generation applied sciences.

The just-released 2024 Electricity ATB consists of new and improved information for offshore wind vitality, nuclear energy, pumped storage hydropower, pure fuel applied sciences, and extra.

With almost 100,000 customers from 144 nations thus far, the Electrical energy ATB is broadly used. It additionally serves as the inspiration to a lot of NREL’s flagship vitality evaluation tasks and capabilities together with the Standard Scenarios, Storage Futures Study, Los Angeles 100% Renewable Energy Studyand Puerto Rico Grid Resilience and Transitions to 100% Renewable Energy Study.

This 12 months’s Additions to the ATB Arsenal

The 2024 Electrical energy ATB consists of the next thrilling technology-specific upgrades:

• Offshore Wind: An up to date method to floating offshore wind value projection to raised symbolize the maturation course of for the know-how
• Nuclear Energy: New capital value information and projections from Idaho Nationwide Laboratory for each large-scale and superior small modular nuclear energy
• Geothermal: Improved alignment between consultant geothermal vegetation
• Pumped Storage Hydropower: Added websites that use present reservoirs and transitioned to a brand new, extra complete bottom-up capital value mannequin
• Pure Gasoline: New configurations that embody a single-combustion turbine with warmth restoration for a steam turbine.

A Peek on the Highly effective ATB Merchandise

The Electrical energy ATB caters to a various viewers—together with federal businesses, state vitality workplaces, utilities, and academia—by providing a number of codecs reminiscent of Excel workbooks, Tableau charts (just like the one embedded beneath), an software programming interface, open-source code, and an internet site. This vary of merchandise enhances accessibility, accommodating totally different person preferences and facilitating seamless information interplay multi function place.

“The ATB is clearly a work of love by diligent researchers who handle complex data and translate it into publicly usable information. It peels back the curtain of proprietary data so decision makers can access world-class information critical for their proceedings,” mentioned Simon Mahan, govt director at Southern Renewable Vitality Affiliation.

The ATB website gives in-depth documentation of the important thing merchandise, together with:

• Particulars on historic developments, present estimates, and future projections of three main value and efficiency components: capital expenditures, capability issue, and operations and upkeep prices
• Documentation of the methodology and assumptions used to develop the projections of future value and efficiency underneath conservative, reasonable, and superior know-how innovation situations
• Dialogue of the calculation of levelized value of vitality as an instance the mixed results of the first value and efficiency components, utilizing two totally different units of financing assumptions.

Be part of July 23 Webinar To Study Extra

To be taught extra and focus on the analytical merchandise included within the 2024 Electrical energy ATB, register to join a free NREL webinar with the Electricity ATB team on July 23, 2024, at 9 a.m. MT.

The event of the 2024 Electrical energy ATB was a collaboration led by NREL in partnership with the U.S. Division of Vitality’s (DOE’s) Oak Ridge Nationwide Laboratory, Idaho Nationwide Laboratory, DOE’s Workplace of Vitality Effectivity and Renewable Vitality, DOE’s Workplace of Fossil Vitality and Carbon Administration, and DOE’s Workplace of Nuclear Vitality.

Learn extra about NREL’s energy analysis researchand subscribe to NREL’s energy analysis emails to obtain updates.

By Emily Mercer. Courtesy of NREL.