Open-Source Software: Unlocking Economic Insights into Nuclear-Renewable Integrated Energy Systems with HYBRID

The Department of Energy is announcing the availability of an open-source software tool called HYBRID, which is designed to provide economic insights into Nuclear-Renewable Integrated Energy Systems. The tool combines stochastic analysis, probabilistic optimization, and high-fidelity physical modeling to offer a robust toolset for evaluating the economic performance of these complex systems. The advantages of HYBRID include accurate economic viability assessment, a comprehensive toolset, flexible system modeling, open source collaboration, and time and resource efficiency. The tool has various applications, including capacity planning and dispatch optimization, economic analysis in academia and research, and policy and decision support. Key features of the tool include: • Accurate Economic Viability Assessment • Comprehensive Toolset • Flexible System Modeling • Open Source Collaboration • Time and Resource Efficiency