technology investment planning (tip)
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Technology Investment Planning (TIP). Benefit Cost Modelling for Smart Grid and Emerging Technology. DNV KEMA Inc. PROPRIETARY. Proprietary. DNV KEMA is now DNV GL. - PowerPoint PPT PresentationTRANSCRIPT
DNV GL © 2013 SAFER, SMARTER, GREENER1 DNV GL © 2013
Technology Investment Planning (TIP)
Benefit Cost Modelling for Smart Grid and Emerging Technology
DNV KEMA Inc.
Proprietary
04/19/2023
PROPRIETARY
DNV GL © 20132
DNV KEMA is now DNV GL
3000 energy experts help customers throughout the electrical power industry realise efficient, reliable and clean energy for today and the future
*Renewables Certification services are offered separate from remaining services to ensure impartiality and to fulfil accreditation requirements of DIN EN ISO IEC 17065:2013
*
DNV GL © 2013
An energy technology powerhouse
3
10 laboratories incl. world’s largest high power and high voltage test lab
Largestindependent technical advisor on renewable energy
3000independent energy experts
90years experience, including 30 years in energy efficiency and wind energy
No. 1 in high power and high voltage testing
25Leading certification body with more than 25 standards and guidelines published
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Technology Investment Planning (TIP)
DNV GL has developed an approach that navigates the changing environments impacting the electrical system and optimizes spend by applying proven, new and emerging technologies to meet performance objectives.
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Changing Environments
Regulatory
Climate
Technology
Customer Needs
Renewables
Aging Assets
Workforce
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Technologies
Volt VAR optimization.
Automation.
Fault Location, Isolation and Restoration.
Renewables.
System Hardening and Resiliency.
Energy Storage.
Protection.
Electric Vehicles.
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Performance
Technical
– Reliability.
– Loss Reduction.
– Power Quality.
Financial
– Revenue Generation.
– Capital Deferral.
– Return on Investment.
Environmental
Safety
Customer Satisfaction
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Introduction
Analytical approach to get the most out of technology investments.
Benefits:
– Determine the best technologies, where they should be deployed, and to what degree.
– Recognize the driving factors and changes that makes these the best solutions.
– Defendable plan of action (project benefits are based on detailed analytics).
Optimized Spend
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Model Overview
TIP can be updated as the system changes or solution costs change.
All input data, algorithms, and assumptions will be provided in a user friendly benefit cost model.
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Project Approach
Data Collection– Coordinated effort to define technologies, feeder & system
characteristics, and financial assumptions.
Algorithms Development – DNV GL has tools and previous project experience
relating feeder characteristics and solution benefits.
TIP Model Customization - Define global and project specific
variables, incorporate algorithms.
Optimal Plan – Recommended plans based on various levels of spend
and focus areas.
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Algorithms Development
Algorithms relate detailed project drivers to program benefits.
Illustrate the amount of equipment deployed and benefit / costs associated with roll-out.
This approach results in a robust benefits and costs assessment.
Detailed System Models and Benefits
Detailed Metrics on a Feeder Basis
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Optimal Plan
Findings will illustrate optimal solutions under various conditions:
– Cash Flows.
– Diminishing returns.
– Detailed feeder results.
– Combined projects (projects will interact and provide synergy).
– Time varying factors (load growth, renewables, electric vehicles etc.).
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Features
Provides a list of recommended feeders and technologies applied on a benefit cost basis.
Optimal spend curve shows the value for a given level of spend.
Allows project solutions to be shown individually or combined.
Uses utility data to provide a customized solution.
Output is easy to understand and use in decision making.
Assumptions can be changed to understand the sensitivity to the utility environment.
Provides detailed output that is available when needed but summarized if not.
Provides a tried and tested approach. Successfully deployed with other utilities.
Filtering - Turn technology on and off to see the interactions, investigate solutions, combined benefits and costs.
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Example
Find the top 3% of feeders in terms of benefit to cost for fault current indicators, assuming they are distributed equally along the feeders.
Applied Filters
Tabular and Graphical Results
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Findings
Each utilities' financial, operating and regulatory environment is unique; however, there are several common themes.
The following are high-level lessons learned from smart grid solutions benefit cost modeling projects with utilities:
– A majority of the benefits are achieved by applying technology to a subset of the system
(i.e. the top 10% of feeders may account for 50% of the possible benefits, similar to the
80/20 rule).
– Dispersing project solutions is more effective than lumping them (e.g. it is better to place
fault current indicators on the top 10% lightly than the top 5% more densely).
– Combined solutions are more attractive (e.g. there are often synergies between solutions,
communications costs are shared between projects).
– Changes in company priorities and financial parameters have a big impact on results (e.g.
changes in future needs alters project outlook, it is important to look forward and
understand variability and trends).
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For more information, please contact our experts.
Clay Tutaj, Senior [email protected]: +1 919 256 0839 ext. 74118Mob: +1 919 802 6909
Larry Dickerman, VP Asset [email protected]: +1 919 256 0839 ext. 74102Mob: +1 919 931 9068