SWEEET August 2022 Public Workshop

SECOND PUBLIC WORKSHOP FOR SOLAR AND WIND ENERGY USING ENGINEERING ECONOMICS THEORY (SWEEET)

Who: Electric cooperatives, municipal utilities, independent power producers, investor-owned utilities, and any member of Iowa Association of Municipal Utilities and Iowa Association of Electric Cooperatives.

This mid-day workshop will help utilities and independent power producers plan strategically for the future and apply engineering economic principles when making decisions about new sources of renewable power and new transmission lines.

What: The purpose of the workshop is to explore the fundamentals behind making economic decisions to purchase new sources of generation and build new transmission lines. The first workshop in summer 2021 introduced the concept of real options to value new sources of energy and explored financial risk management in the energy sector. See more details about the 2021 workshop here.

This workshop will focus on solving real-world problems in electricity planning. The workshop will explore the following topics:

The workshop will be designed to be interactive. Participants will be provided with Excel workbooks that they can use to calculate the optimal power flow that minimizes total generation cost.

When & Where: Monday, August 8, 2022 from 10 am – 2 pm (Lunch will be provided.) in 2004 Black Engineering, Iowa State University, Ames, Iowa

Registration: There is no registration fee, but registration prior to the workshop is required. To register, please send your name, affiliation, and email to Cameron MacKenzie, 515-294-6283, camacken@iastate.edu

WROKSHOP FACILITATORS
K. Jo Min and Cameron MacKenzie, professors in Industrial and Manufacturing Systems Engineering at Iowa State University

This workshop is sponsored by the Iowa Energy Center. For further information, please contact Cameron

DRAFT AGENDA

August 8, 2022, 10 am – 2 pm
2004 Black Engineering, Iowa State University

Please bring a laptop with Excel

10 – 10:10        Welcome and introductions

10:10 – 10:45    Excel tool for optimal power flow

10:45 – 11:30    Valuation of generator to a community

11:30 – 12:15    Lunch with guided discussion

12:15 – 12:35    Valuation of transmission line to a community

12:35 – 1:00      Electrical power/gas choice model on buildings

1:00 – 1:40       Leasing a wind turbine decision

1:40 – 2:00       Closing thoughts and discussion