Retrospective Benefit- Cost Evaluation of DOE Investment in Photovoltaic Energy Systems August 2010 Prepared by: Alan C. O’Connor, Ross J. Loomis, and Fern M. Braun± RTI International 3040 Cornwallis Road Research Triangle Park, NC 27709
ACKNOWLEDGEMENTS This study benefited from the contributions of many individuals and organizations, especially the PV companies funded under multiple Department of Energy (DOE) initiatives, that generously made their current and retired senior company executives and scientists available for interviews over the course of this work. In addition, many technologists and analysts were consulted, and the authors wish to thank several individuals in particular who reviewed draft material and, in some cases, participated in multiple rounds of interviews. Many thanks to Roland Hulstrom (NREL), Terry Jester (Hudson Clean Energy Partners), Sarah Kurtz (NREL), Jim McVeigh (Sentech Inc.), Rick Mitchell (NREL), Jim Rand (AstroPower [formerly]), Ron Ross (Jet Propulsion Laboratory [retired]), Peter Sheldon (NREL), Arun Soni (Sentech Inc.), Scott Stephens (DOE), Harin Ullal (NREL), and Ken Zweibel (George Washington University). Gretchen Jordan (Study Project Manager, Sandia National Laboratories) and Rosalie Ruegg (TIA Consulting Inc.), who worked closely with Jeff Dowd (DOE Study Project Manager), authored the guidelines for conducting retrospective benefit-cost evaluations of DOE’s Office of Energy Efficiency and Renewable Energy (EERE) R&D programs. This report has greatly benefited from these guidelines. Michael Gallaher (RTI International) prepared Appendix D. In addition, Rosalie Ruegg and Patrick Thomas (1790 Analytics LLC) prepared Chapter 7 on knowledge benefits and the related Appendix E. We also extend our appreciation to reviewers who offered many useful comments and suggestions on earlier drafts of this report. DOE Staff, DOE Contractor, and Project Team Reviewers: - Sam Baldwin, DOE EERE - Jeff Dowd, DOE EERE - Michael Gallaher , RTI International (Project Team) - Fred Glatstein, Sentech Inc. (Contractor to DOE) - Al Link, University of North Carolina at Greensboro (Project Team) - Tom Pelsoci, Delta Research Co. (Project Team) - Rosalie Ruegg, TIA Consulting Inc. (Project Team) External Reviewers: - Irwin Feller, Director, Institute for Policy Research and Evaluation, and Professor Emeritus of Economics, Pennsylvania State University - Wim Geerts, Associate Professor, Department of Physics, Texas State University - Bernard Kippelen, Professor, Georgia Institute of Technology - Gregory F. Nemet, Assistant Professor, University of Wisconsin - Jeanne Powell, Economic Consultant, and retired Senior Economist, Advanced Technology Program, National Institute of Standards and Technology, U.S. Department of Commerce i
NOTICE This document was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy,
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