Energy System Modeling | Golden Age

Energy system modeling is the process of building computer models of energy systems to analyze their feasibility, cumulative financial costs, natural resource use, and energy efficiency. This process employs scenario analysis to investigate different assumptions about technical and economic conditions, using techniques ranging from economic to engineering. Mathematical optimization is often used to determine the least-cost solution. Energy system models can be international, regional, national, municipal, or stand-alone in scope, and are used by governments to develop energy policies. The International Energy Agency (IEA) uses energy system modeling to analyze global energy trends and provide recommendations for sustainable energy development. The United States Department of Energy also utilizes energy system modeling to inform its energy policy decisions. The National Renewable Energy Laboratory (NREL) uses energy system modeling to analyze the potential for renewable energy development.