Timeseries optimization model, formulated as a mixed-integer linear program, that identifies cost-optimal sizes of DER technologies and their associated dispatch strategies. The objective function is to minimize the lifecycle cost of energy services for a given location. As a price-taker model, it is usually used to optimize technologies for a single "site" (a building or campus behind a single meter). The model leverages underlying performance models for different DER technologies, as well as programmatically assessible datasets such as the Utility Rate Database and NSRDB.
Mathematical Description
Mixed-integer linear program minimizing lifecycle cost of energy services
Name
REopt
Summary
Techno-economic optimization model for BTM assets
Description
Timeseries optimization model, formulated as a mixed-integer linear program, that identifies cost-optimal sizes of DER technologies and their associated dispatch strategies. The objective function is to minimize the lifecycle cost of energy services for a given location. As a price-taker model, it is usually used to optimize technologies for a single "site" (a building or campus behind a single meter). The model leverages underlying performance models for different DER technologies, as well as programmatically assessible datasets such as the Utility Rate Database and NSRDB.
Mathematical Description
Mixed-integer linear program minimizing lifecycle cost of energy services
Website
https://reopt.nrel.gov/
Documentation
https://reopt.nrel.gov/tool/REopt%20Lite%20Web%20Tool%20User%20Manual.pdf
Source
https://github.com/NREL/REopt_Lite_API/
Year
2012
Institution
NREL
Funding Source
Multiple (DOE, DOD, industry)
Publications
25
Publication List
No response
Use Cases
Infrastructure Sector
Represented Behavior
Modeling Paradigm
Capabilities
No response
Programming Language
What is the software tool's license?
3-clause BSD License (BSD-3-Clause)
Operating System Support
Parallel Computing Paradigm
What is the highest temporal resolution supported by the tool?
Minutes
What is the typical temporal resolution supported by the tool?
Hours
What is the largest temporal scope supported by the tool?
Decades
What is the typical temporal scope supported by the tool?
Years
What is the highest spatial resolution supported by the tool?
Municipality
What is the typical spatial resolution supported by the tool?
Facility
What is the largest spatial scope supported by the tool?
Municipality
What is the typical spatial scope supported by the tool?
Facility
Input Data Format
JSON
Output Data Format
JSON
Contact Details
reopt@nrel.gov
Interfaces
No response