Technoeconomic Modelling

Techno-economic (T/E) analysis of energy processes is a tool that the department uses to ascertain the economic performance of technologies that it develops, puts it context with other technologies, and uses software modelling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters.

T/E is used for the evaluation of economic feasibility is technological solution using tools and indicators developed for investment strategies. The results of the appraisal guides then research and development directions, as some solutions may be attractive scientifically, but their pathway to commercialisation is problematic. These assessments are the first step in the chain of T/E -> market analysis -> business plan that the dDepartment employs, in close collaboration with the innovation department of CyI.