Open-Source Software: Revolutionizing Financial Performance Analysis with TEAL: Bridging Engineering and Economics
Type: Special Notice
Overview

Buyer

ENERGY, DEPARTMENT OFENERGY, DEPARTMENT OFBATTELLE ENERGY ALLIANCE–DOE CNTRIdaho Falls, ID, 83415, USA

PSC

SPECIAL STUDIES/ANALYSIS- COST BENEFIT (B505)

Original Source

https://sam.gov/opp/32a70f4eb598457d927b1a4ea40447fe/view
Timeline
    Description

    The Department of Energy is seeking to enhance financial performance analysis through the development of TEAL (Tool for Economic AnaLysis), an open-source software designed to integrate with the RAVEN framework. This initiative aims to revolutionize economic assessments by combining engineering insights with financial metrics, addressing the challenges of accurately evaluating the commercial viability of new technologies, particularly in the nuclear energy sector. TEAL facilitates detailed cash flow creation and offers advanced financial risk metrics, making it suitable for various applications, including integrated energy systems and techno-economic analyses. For further information, interested parties can contact Andrew Rankin at andrew.rankin@inl.gov.

    Point(s) of Contact
    Andrew Rankin
    andrew.rankin@inl.gov
    Files
    No associated files provided.
    Similar Opportunities
    Open Source Software: EMRALD: Pioneering Dynamic Risk Assessment for Enhanced Reliability and Safety
    Active
    Energy, Department Of
    The Department of Energy, specifically the Battelle Energy Alliance at the Idaho National Laboratory (INL), is seeking collaboration on the open-source software EMRALD, which focuses on dynamic risk assessment to enhance reliability and safety in nuclear power generation. The EMRALD software aims to revolutionize traditional probabilistic risk assessment (PRA) methods by providing a user-friendly interface and dynamic modeling capabilities that allow for real-time analysis of complex system interactions. This innovative tool is crucial for improving safety protocols in nuclear facilities and other industries by enabling detailed risk modeling and operational decision-making. Interested parties can reach out to Andrew Rankin at andrew.rankin@inl.gov for further information, as this opportunity emphasizes collaboration rather than procurement or funding.
    OPEN-SOURCE SOFTWARE LICENSING OPPORTUNITY RAVEN: Comprehensive Uncertainty Quantification and Optimization for Complex Systems
    Active
    Energy, Department Of
    The Department of Energy, specifically the Battelle Energy Alliance at the Idaho National Laboratory (INL), is offering an open-source software licensing opportunity for RAVEN, a comprehensive framework designed for uncertainty quantification and optimization in complex systems. This initiative aims to provide access to advanced analytical tools that integrate statistical, data analysis, and AI techniques, particularly for applications in nuclear power plants and other complex environments. RAVEN, developed under the Light Water Reactor Sustainability program, is essential for modern risk evaluation and supports various analysis methods, including regression and data mining, while facilitating integration with third-party software. Interested parties can access the software at https://github.com/idaholab/raven and are encouraged to contact Andrew Rankin at andrew.rankin@inl.gov for further discussions on licensing opportunities and collaboration.
    Open-Source Software: Unlocking Economic Insights into Nuclear-Renewable Integrated Energy Systems with HYBRID
    Active
    Energy, Department Of
    The Department of Energy is seeking to enhance economic insights into Nuclear-Renewable Integrated Energy Systems (N-R IES) through the open-source software known as HYBRID, developed by the Battelle Energy Alliance at the Idaho National Laboratory. The objective is to utilize the HYBRID simulation framework, which integrates stochastic analysis, probabilistic optimization, and high-fidelity physical modeling, to accurately assess the economic viability of N-R IES under varying conditions. This initiative is crucial for addressing the challenges posed by the integration of renewable energy sources into the electric grid, enabling better capacity planning and dispatch optimization for energy providers, as well as supporting academic research and policy decision-making. Interested parties can reach out to Andrew Rankin at andrew.rankin@inl.gov for further information, and the software is available for free download on its GitHub page.
    Open-Source Software: Empowering Energy Analysts with Stochastic Technoeconomic Assessments with HERON
    Active
    Energy, Department Of
    The Department of Energy is seeking to enhance the capabilities of energy analysts through the development of the HERON toolset, which focuses on stochastic technoeconomic assessments for grid-energy systems. This initiative aims to provide a transformative solution that accelerates economic viability analysis by integrating advanced stochastic modeling, thereby addressing the complexities associated with the increasing reliance on variable renewable energy sources. HERON is designed to streamline the analysis process, making sophisticated technoeconomic assessments accessible to a broader audience, including energy analysts, academic researchers, and utility companies. For further information, interested parties can contact Andrew Rankin at andrew.rankin@inl.gov.
    Open-Source Software: Transforming Integrated Energy Systems Analysis with FORCE
    Active
    Energy, Department Of
    The Department of Energy is seeking to enhance the analysis of integrated energy systems (IES) through the development of an open-source software platform known as FORCE. This initiative aims to provide a unified, user-friendly interface for comprehensive technoeconomic evaluations, addressing the growing demand for efficient integration of renewable energy sources like wind and solar into the U.S. energy market. FORCE represents a collaborative effort among national laboratories, universities, and industry experts, streamlining the analysis process and improving decision-making for stakeholders in the energy sector. For further inquiries, interested parties can contact Andrew Rankin at andrewrankin32@gmail.com. The software is available for download at no cost from its GitHub repository.
    Open Source Software: TMAP8: Simplifying Diffusion-Reactive Transport Analysis for Fusion and Chemical Applications
    Active
    Energy, Department Of
    The Department of Energy, specifically the Battelle Energy Alliance at the Idaho National Laboratory, is seeking to promote the use of its open-source software, TMAP8, which simplifies diffusion-reactive transport analysis for fusion and chemical applications. TMAP8 is designed to enhance computational modeling by providing a user-friendly syntax for 0-1D scalar diffusion-reactive transport simulations, making it more accessible for users engaged in various scientific domains, including fusion energy and chemical transport modeling. This software is particularly valuable for analysts working on complex systems such as chemical reactors and low-temperature plasma applications, facilitating comprehensive multiscale modeling through its integration with MOOSE. For further inquiries, interested parties can contact Andrew Rankin at andrew.rankin@inl.gov.
    Open Source Software: SR2ML: Pioneering Safety and Reliability in Nuclear Plant Management
    Active
    Energy, Department Of
    The Department of Energy is seeking to advance nuclear plant management through the development of the SR2ML (Safety-Risk-Reliability Model Library), an open-source software package designed to enhance safety and reliability in nuclear operations. This initiative aims to provide a comprehensive suite of safety and reliability analysis models that integrate with the RAVEN code, facilitating dynamic risk analysis and optimizing operational guidelines to reduce costs while ensuring safety. The SR2ML software is crucial for the nuclear power sector, addressing the challenges of balancing operational efficiency and safety in a competitive environment. Interested parties can reach out to Andrew Rankin at andrew.rankin@inl.gov for further information regarding this opportunity.
    Open Source Software: LOGOS: Pioneering Optimization Software for Nuclear Power Plant Efficiency
    Active
    Energy, Department Of
    The Department of Energy is seeking to advance the operational efficiency of nuclear power plants through the procurement of LOGOS, an open-source optimization software designed to enhance capital budgeting processes. This software utilizes discrete optimization models, including both deterministic and stochastic algorithms, to address challenges related to Equipment Reliability (ER) and Asset Management (AM), ultimately aiming to reduce operational and maintenance costs while improving safety and economic performance. LOGOS is particularly significant in the context of the nuclear energy sector's shift towards value-based maintenance, providing a comprehensive solution that integrates advanced data analytics and customizable workflows to optimize resource allocation. Interested parties can contact Andrew Rankin at andrew.rankin@inl.gov for further information regarding this opportunity.
    Open Source Software: MASTODON: Pioneering Multi-Hazard Analysis for Critical Infrastructure
    Active
    Energy, Department Of
    The Department of Energy is seeking to advance the development of the MASTODON software, which specializes in multi-hazard analysis for critical infrastructure. This open-source tool is designed to model stochastic nonlinear soil-structure interactions (NLSSI) and conduct dynamic probabilistic risk assessments, particularly for structures such as nuclear facilities, dams, and bridges in response to natural disasters. MASTODON leverages the MOOSE framework to provide high-fidelity simulations of seismic wave propagation and quantifies uncertainties to enhance risk assessment reliability. Interested parties can reach out to Andrew Rankin at andrew.rankin@inl.gov for further information regarding this opportunity.
    Open Source Software: Unlocking Operational Efficiency in Nuclear Power Plants with DIAMOND
    Active
    Energy, Department Of
    The Department of Energy is seeking innovative solutions to enhance operational efficiency in nuclear power plants through the deployment of the DIAMOND software. This initiative aims to address the challenges of fragmented data management within the nuclear industry by integrating disparate data sources into a cohesive data warehouse, thereby facilitating advanced analytics and machine learning applications. The DIAMOND software introduces an ontology-based data model tailored for the nuclear domain, which streamlines data integration, reduces operational costs, and improves decision-making processes. Interested parties can contact Andrew Rankin at andrew.rankin@inl.gov for further information regarding this opportunity.