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Resources

This page lists all the publications, datasets, and auxiliary tools that were used during the course of the project.


Techno-economic Assessment

M. Sun, T. Phillips, T. Hussain and J. Gallego-Calderon, "Techno-Economic Assessment of Electricity Market Potential for Co-Located Hydro-Floating PV Systems," 2024 IEEE Green Technologies Conference (GreenTech), Springdale, AR, USA, 2024, pp. 96-100, doi: 10.1109/GreenTech58819.2024.10520558.

Abstract: Harnessing renewable energy from diverse sources is paramount for sustainable power systems. Recently, co-located floating PV (FPV) systems present an intriguing prospect in this context. These hybrid systems, blending hydro and solar power, may offer a more consistent electricity output and potential economic advantages. Yet, assessing their actual potential requires a comprehensive techno-economic assessment. In addition, probabilistic price forecasting has recently gained attention in electricity market because decisions based on such predictions can yield significantly higher profits than those made with point forecasts alone. To this end, this paper embarks on a journey to elucidate the electricity market potential of co-located hydro-FPV systems in a probabilistic fashion to investigate the technological merits and economic viability of co-located hydro-FPV under different market structures. Our preliminary findings suggest that LCOE and payback metrics are sensitive not only to different markets but also to different solar incentives. Concurrently, we also observe that the payback period is generally faster with a production tax credit (PTC) than an investment tax credit (ITC). This assessment serves as a cornerstone for understanding the future prospects of co-located hydro-FPV systems in modern electricity markets.

LCOE plot

Environmental and regulatory considerations

A. Levine, T. Curtis, L. Smith, and K. DeRose. AquaPV: Regulatory and Environmental Considerations for Floating Photovoltaic Projects Located on Federally Controlled Reservoirs in the United States. 2024. https://doi.org/10.2172/2375017

Abstract: To meet the nation's decarbonization goals, the U.S. Department of Energy's Solar Futures study forecasts that installed solar photovoltaic (PV) capacity must increase nearly tenfold, from 80 gigawatts (GW) in 2020 to approximately 760 GW cumulative installed capacity by 2035. Ground-mounted PV is expected to dominate future solar deployment and will require more than 3.5 million acres of land to meet annual demand projections (of nearly 45 GW) by 2030. However, various competing demands for land (e.g., agricultural production, conservation) and high land acquisition costs in specific locations could be challenges to meeting future PV demand solely with ground-mounted PV deployment. Floating photovoltaics (FPV) may be an alternative in locations where ground-mounted PV is not feasible and aid in reaching the nation's PV deployment and decarbonization goals. FPV is a newer siting approach in which a PV array is affixed to a floating apparatus and sited on a water body like a reservoir behind a dam. FPV systems may be stand-alone or co-located at new or existing hydroelectric facilities or pumped storage hydropower (PSH) facility reservoirs. Co-located FPV systems may or may not be operationally paired and work in tandem with the hydroelectric or PSH facility. This report provides novel analysis to understand the opportunities and challenges associated with developing stand-alone and co-located FPV projects on reservoirs in the United States. Specifically, the report explores potential environmental and energy benefits and environmental impacts associated with the siting, construction, and operation of FPV projects. The report also identifies and analyzes U.S. federal- and state-issued permits and authorizations required by federal laws to understand the licensing pathways and regulatory requirements for FPV projects sited on reservoirs licensed by the Federal Energy Regulatory Commission and on powered and non-powered reservoirs owned by the Bureau of Reclamation or U.S. Army Corps of Engineers.

NREL floating solar

Environmental impacts modeling

T. Hussain, T. Phillips, M. Sun and J. Gallego-Calderon, "Impact of Floating PV (FPV) System on Water Evaporation: Case Study of an Open Loop Reservoir in North Carolina," 2024 IEEE Kansas Power & Energy Conference (KPEC), Manhattan, KS, USA, 2024.

Abstract: Fresh water scarcity is becoming one of the important concerns worldwide. This situation of water scarcity is further exacerbated by the increase in water evaporation due to climate change. This manuscript will address this concern by considering the impact of floating photovoltaics (FPVs) systems on water evaporation. The installation of PV modules on the water bodies can help reduce the water evaporation rate from reservoirs by reducing the evaporating area of the water surface. This work evaluates the effect of FPV on water evaporation rates in the TuckerTown reservoir located in North Carolina state of United States. Meteorological data, such as mean temperature and dew-point, are used to calculate the rate of the water evaporation by Linacre method. The simulation results for the TuckerTown case study showed that the aggregated avoided evaporated volume for one year is 9 million gallons.

Avoided evaporation plot