We provide sound and transparent background for high-level strategic decision-making, roadmaps and techology-focused policy work, based on a broad understanding of the energy sector and process industries. Techno-economic assessment (TEA) combines process modelling and engineering design with economic evaluation and knowledge of the business environment, This provides both quantitative and qualitative understanding of the impacts of technology and research breakthroughs on the financial viability and emissions of a concept.
TEA is the primary tool for producing relevant background information for decision-making in all stages of technology development, from basic research to development of business concepts and commercialisation. TEA achieves greater accuracy as technologies develop. Assessments give value when utilised throughout the spectrum of technology readiness levels to justify development and direct efforts to the bottlenecks with the most significant impacts.
Unique combination of deep knowledge of processes, experimental experience and state-of-the-art modelling tools
Our asset is the unique combination of deep knowledge of processes, experimental experience and state-of-the-art modelling tools. Our core competence lies in using in-house R&D know-how, process modelling and cost analysis to produce economic and environmental impact assessments of emerging energy technologies and systems. Our approach for providing information for high-level decision-making is based on process integration and process modelling – Aspen Plus, Aspen Plus Dynamics, Apros, Balas – with tools for streamlined LCA analyses and assessments on GHG emission impacts using VTT’s Skynet™ economic evaluation toolkit. Our recent research comprises topics such as CCS, CHP, Bioenergy, RES hybrids, WtE etc.
Techno-economic knowledge to support your decision making at different stages of investment process
Our personnel are our most important resource, comprehensively combining the knowledge across VTT with their know-how and experience derived from the experimental infrastructure. Our networks extend globally, but with a firm European focus: European Energy Research Alliance (EERA), Zero Emission Platform (ZEP), European Biofuels Technology Platform (EBTP), International Energy Agency GreenHouse Gas R&D Program, IEA Bioenergy Agreement, World Energy Council, etc. The primary focus is currently on the energy sector and process industries, but capabilities and references also extend to other sectors.
Our objective is to provide economic feasibility at a selected level of detail in different market conditions, particularly from the investor’s point of view, and considering impacts on the case-specific plant & surrounding system and uncertainties.
This work relates both to all SONE technology development with whom we also firmly involved in collaboration.