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Solar thermal technology development: Estimated market size and energy cost savings. Volume 2: Assumptions, methodology and resultsEstimated future energy cost savings associated with the development of cost-competitive solar thermal technologies (STT) are discussed. Analysis is restricted to STT in electric applications for 16 high-insolation/high-energy-price states. Three fuel price scenarios and three 1990 STT system costs are considered, reflecting uncertainty over future fuel prices and STT cost projections. Solar thermal technology research and development (R&D) is found to be unacceptably risky for private industry in the absence of federal support. Energy cost savings were projected to range from $0 to $10 billion (1990 values in 1981 dollars), depending on the system cost and fuel price scenario. Normal R&D investment risks are accentuated because the Organization of Petroleum Exporting Countries (OPEC) cartel can artificially manipulate oil prices and undercut growth of alternative energy sources. Federal participation in STT R&D to help capture the potential benefits of developing cost-competitive STT was found to be in the national interest. Analysis is also provided regarding two federal incentives currently in use: The Federal Business Energy Tax Credit and direct R&D funding.
Document ID
19830027234
Acquisition Source
Legacy CDMS
Document Type
Contractor Report (CR)
Authors
Gates, W. R. (Jet Propulsion Lab., California Inst. of Tech. Pasadena, CA, United States)
Date Acquired
September 4, 2013
Publication Date
February 1, 1983
Subject Category
Energy Production And Conversion
Report/Patent Number
NAS 1.26:173118
NASA-CR-173118
JPL-PUB-83-14-VOL-2
DOE/JPL-1060-60-VOL-2
Accession Number
83N35505
Funding Number(s)
PROJECT: RTOP 779-00-00
PROJECT: JPL PROJ. 5106-26
CONTRACT_GRANT: NAS7-918
Distribution Limits
Public
Copyright
Work of the US Gov. Public Use Permitted.

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