Lumidyne staff have simulated the adoption of distributed energy resources (e.g., solar PV, combined PV & storage, and advanced technology vehicles) for 15 years using well-established methodologies, including System Dynamics, Bass diffusion, consumer choice theory, optimization, and discounted cash flow analysis.
Lumidyne staff (Cory Welch) originally developed a model to simulate the adoption of energy efficiency technologies by integrating Bass diffusion with stock turnover dynamics while employed at the National Renewable Energy Laboratory (NREL). The model formed the basis for NREL's Stochastic Energy Deployment Systems (SEDS) model.
Lumidyne staff (Cory Welch) is providing ongoing development and maintenance support for the Regional Portfolio Model (RPM) for the Northwest Power and Conservation Council. The model employs many classic System Dynamics methods, including multiple stocks and flows, feedback loops, material and information delays, behavioral expectation trending algorithms, and co-flows. It is highly transparent for stakeholder review, and can be run using an online interface not requiring any software installation.