skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Techno-Economic Analysis: Best Practices and Assessment Tools

Abstract

A team at Sandia National Laboratories (SNL) recognized the growing need to maintain and organize the internal community of Techno - Economic Assessment analysts at the lab . To meet this need, an internal core team identified a working group of experienced, new, and future analysts to: 1) document TEA best practices; 2) identify existing resources at Sandia and elsewhere; and 3) identify gaps in our existing capabilities . Sandia has a long history of using techno - economic analyses to evaluate various technologies , including consideration of system resilience . Expanding our TEA capabilities will provide a rigorous basis for evaluating science, engineering and technology - oriented projects, allowing Sandia programs to quantify the impact of targeted research and development (R&D), and improving Sandia's competitiveness for external funding options . Developing this working group reaffirms the successful use of TEA and related techniques when evaluating the impact of R&D investments, proposed work, and internal approaches to leverage deep technical and robust, business - oriented insights . The main findings of this effort demonstrated the high - impact TEA has on future cost, adoption for applications and impact metric forecasting insights via key past exemplar applied techniques in a broadmore » technology application space . Recommendations from this effort include maintaining and growing the best practices approaches when applying TEA, appreciating the tools (and their limits) from other national laboratories and the academic community, and finally a recognition that more proposals and R&D investment decision s locally at Sandia , and more broadly in the research community from funding agencies , require TEA approaches to justify and support well thought - out project planning.« less

Authors:
 [1];  [2];  [1];  [1];  [1];  [1]
  1. Sandia National Laboratories (SNL), Albuquerque, NM, and Livermore, CA (United States)
  2. Hobart and William Smith Colleges, Geneva, NY (United States)
Publication Date:
Research Org.:
Sandia National Lab. (SNL-CA), Livermore, CA (United States); Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Hobart and William Smith Colleges, Geneva, NY (United States)
Sponsoring Org.:
USDOE National Nuclear Security Administration (NNSA)
OSTI Identifier:
1738878
Report Number(s):
SAND-2020-13473
692989
DOE Contract Number:  
AC04-94AL85000; NA0003525
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY

Citation Formats

Kobos, Peter H., Drennen, Thomas E., Outkin, Alexander V., Webb, Erik K., Paap, Scott M., and Wiryadinata, Steven. Techno-Economic Analysis: Best Practices and Assessment Tools. United States: N. p., 2020. Web. doi:10.2172/1738878.
Kobos, Peter H., Drennen, Thomas E., Outkin, Alexander V., Webb, Erik K., Paap, Scott M., & Wiryadinata, Steven. Techno-Economic Analysis: Best Practices and Assessment Tools. United States. https://doi.org/10.2172/1738878
Kobos, Peter H., Drennen, Thomas E., Outkin, Alexander V., Webb, Erik K., Paap, Scott M., and Wiryadinata, Steven. 2020. "Techno-Economic Analysis: Best Practices and Assessment Tools". United States. https://doi.org/10.2172/1738878. https://www.osti.gov/servlets/purl/1738878.
@article{osti_1738878,
title = {Techno-Economic Analysis: Best Practices and Assessment Tools},
author = {Kobos, Peter H. and Drennen, Thomas E. and Outkin, Alexander V. and Webb, Erik K. and Paap, Scott M. and Wiryadinata, Steven},
abstractNote = {A team at Sandia National Laboratories (SNL) recognized the growing need to maintain and organize the internal community of Techno - Economic Assessment analysts at the lab . To meet this need, an internal core team identified a working group of experienced, new, and future analysts to: 1) document TEA best practices; 2) identify existing resources at Sandia and elsewhere; and 3) identify gaps in our existing capabilities . Sandia has a long history of using techno - economic analyses to evaluate various technologies , including consideration of system resilience . Expanding our TEA capabilities will provide a rigorous basis for evaluating science, engineering and technology - oriented projects, allowing Sandia programs to quantify the impact of targeted research and development (R&D), and improving Sandia's competitiveness for external funding options . Developing this working group reaffirms the successful use of TEA and related techniques when evaluating the impact of R&D investments, proposed work, and internal approaches to leverage deep technical and robust, business - oriented insights . The main findings of this effort demonstrated the high - impact TEA has on future cost, adoption for applications and impact metric forecasting insights via key past exemplar applied techniques in a broad technology application space . Recommendations from this effort include maintaining and growing the best practices approaches when applying TEA, appreciating the tools (and their limits) from other national laboratories and the academic community, and finally a recognition that more proposals and R&D investment decision s locally at Sandia , and more broadly in the research community from funding agencies , require TEA approaches to justify and support well thought - out project planning.},
doi = {10.2172/1738878},
url = {https://www.osti.gov/biblio/1738878}, journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Dec 01 00:00:00 EST 2020},
month = {Tue Dec 01 00:00:00 EST 2020}
}