Analysis of renewable energy development to power generation in the United States

Alireza Aslani, Kau Fui V. Wong

Research output: Contribution to journalArticle

48 Scopus citations

Abstract

Renewable energy resources have historically played a small role for electricity generation in the US. However, concerns such as security of energy supply, limitations and price fluctuations of fossil fuels, and threats of climate changes have encouraged US policy makers to think and debate about diversification strategy in the energy supply and promotion of renewables. The current paper discusses the role of renewable portfolio in the US energy action plan during 2010-2030. A system dynamics model is constructed to evaluate different costs of renewable energy utilization by 2030. Results show that while renewables will create a market with near 10 billion $ worth (in the costs level) in 2030, the total value of renewable energy promotion and utilization in the US will be more than 170 billion $(in the costs level) during 2010-2030.

Original languageEnglish (US)
Pages (from-to)153-161
Number of pages9
JournalRenewable Energy
Volume63
DOIs
StatePublished - Mar 1 2014

Keywords

  • Cost analysis
  • Electricity generation
  • Renewable energy portfolio
  • System dynamics
  • US

ASJC Scopus subject areas

  • Renewable Energy, Sustainability and the Environment

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