New algae techno-economic analysis model from NREL

At the National Renewable Energy Laboratory (NREL), we have used techno-economic analysis (TEA) to build a model for the production of algal biomass in large open ponds. This model allows us to determine the economies of scale that can reduce cost as the size of cultivation facilities (basically microalgae…

Techno-economic analysis of biofuel from seaweed

In spite of valuable food and medical products produced from seaweeds, their profitability as energy crops has not yet been commercially confirmed. Seaweed cultivation can be very labor intensive, and also can require expensive equipment. The potential profit of the seaweed-based renewable energy…