Techno-economic Assessments aka techno-economic analysis, or TEAs, are a tool used to aid decision-makers on the worth of investing time and money on the development, deployment, and/or acquisition of a specific technology. As the name implies, a TEA assesses the maturity of the studied technology, as well as its potential future economic viability. As with…
Techno-Economic Assessment for Startup Companies in the Bioeconomy? Having experts who have been in the industrial biotech industry for over 30 years, we are encouraged to see many startup companies realizing and implementing TEAs (Techno-Economic Analysis) as a tool to assess their proposed processes. TEAs can help to elucidate the gap between current process status…
What do technical due diligence experts in renewable fuels or renewable chemicals do? Biotechnical due diligence or renewable due diligence(DD) is a comprehensive appraisal of a biomass process undertaken by a prospective manufacturer or investor, to establish its technical viability and evaluate its commercial potential. The process may be an existing bioprocess, it may…
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E.,.covering the basics of techno economic analysis, including the challenges of bringing projects to market, mitigating risk and process optimization.For another PPT by this author see Techno Economic Analysis for Project Developers.
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the uses of techno-economic modeling by those investing in renewable energy projects, including assessment of profitability and renewable energy project risk, Monte Carlo analysis, Tornado analysis, and identifying and tracking key variables.
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the uses of techno-economic modeling by those developing renewable energy projects, including how to make meaningful predictions, demonstrating economic value, presenting design, research and development, and lab findings, and when to begin TEA. For another good PPT on conducting due diligence…
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the expertise, objectivity, credibility and efficiency that techno-economic analysis by third parties brings to biofuels and biochemical projects. For another good PPT on conducting due diligence in bioeconomy projects, see here.
As new technologies continue to emerge in renewable fuels, renewable chemicals, and other renewable energy, it is imperative that investors and lenders, and the project participants themselves, engage experienced professionals to help analyze the technical and economic aspects of these new projects. Techno-economic assessments sometimes called techno-economic analysis, or TEAs, are one tool used to…