TECHNOLOGY & ECONOMICS

Separate promising technologiesfrom investable ones.

We help industrial businesses understand which decarbonisation technologies can work, where they make economic sense and what conditions must be true for investment to proceed.

Discuss your technology options

Independent techno-economic analysis for complex industrial decisions.

Detailed industrial process infrastructure representing technology and economics analysis

THE CHALLENGE

Technically possibleis not economically viable.

Industrial decarbonisation technologies rarely compete on performance alone. Their viability depends on energy prices, infrastructure, utilisation, asset integration, technology maturity and assumptions about the future.

A technology that looks attractive under one scenario can become uneconomic under another.

Will it work?

Understand whether the technology can meet the process, temperature, capacity and operational requirements of the asset.

What will it cost?

Model capital requirements, operating costs, energy exposure and lifecycle economics.

What does it depend on?

Identify critical requirements such as grid capacity, hydrogen supply, CO₂ infrastructure or technology maturity.

When does it make sense?

Determine the conditions and timing under which the investment becomes competitive.

A COMPLETE INVESTMENT CASE

Technology, economicsand everything between.

Technical Feasibility

Can it perform?

Assess whether technologies can meet the physical and operational requirements of the industrial process.

  • Process compatibility
  • Temperature and capacity requirements
  • Technology maturity
  • Efficiency and performance
  • Site integration
  • Operational flexibility

Capital & Operating Economics

What does it cost?

Build a transparent view of the investment and operating economics behind each option.

  • CAPEX
  • OPEX
  • Energy consumption
  • Maintenance
  • Asset utilisation
  • Lifecycle cost

Infrastructure & Dependencies

What needs to exist around it?

Identify the external systems and enabling investments required for deployment.

  • Grid capacity
  • Renewable electricity
  • Hydrogen supply
  • Fuel availability
  • CO₂ transport and storage
  • Site infrastructure

Risk & Readiness

How confident can we be?

Assess technology maturity, deployment experience, supply-chain exposure and the uncertainties that could materially change the investment case.

  • Technology readiness
  • Vendor landscape
  • Deployment risk
  • Supply-chain constraints
  • Regulatory exposure
  • Commercial uncertainty

OUR APPROACH

Build the evidence.Test the assumptions.

  1. 01DEFINE

    Set the decision boundary.

    Establish the process requirements, operating constraints, candidate technologies and economic questions the analysis must answer.

    • Technology shortlist
    • Process requirements
    • Evaluation criteria
  2. 02MODEL

    Build the technical and economic case.

    Model technology performance, energy requirements, capital expenditure and operating economics on a consistent basis.

    • Technical model
    • CAPEX & OPEX model
    • Lifecycle economics
  3. 03STRESS-TEST

    Challenge the assumptions.

    Test how the investment case changes under different energy prices, utilisation levels, carbon costs, technology performance and infrastructure scenarios.

    • Sensitivity analysis
    • Scenario ranges
    • Break-even conditions
  4. 04COMPARE

    Identify where each option wins.

    Compare competing technologies and establish which options are credible now, which require specific conditions and which should remain strategic options.

    • Technology comparison
    • Preferred applications
    • Investment conditions

COMPARING THE OPTIONS

Different technologies win under different conditions.

The objective is not to identify a universally superior technology. It is to understand where each option creates the strongest technical and economic case.

EXAMPLE — HIGH-TEMPERATURE PROCESS HEAT
ElectrificationHydrogenAlternative FuelsCCUS
Technology maturityHighDevelopingHighSector-dependent
CAPEX intensityModerateHighLow–ModerateHigh
Energy exposureElectricityHydrogenFuel supplyElectricity + storage
Infrastructure dependencyGridH₂ production / networkFuel availabilityCO₂ transport / storage
Emissions potentialHighHighMedium–HighVery high
Best fitElectrifiable processesSelected high-temperature processesExisting thermal assetsResidual / process emissions

Technology selection is an application-specific decision shaped by process requirements, local infrastructure and future economics.

UNDERSTANDING UNCERTAINTY

Know what has to be true.

Long-lived industrial investments depend on assumptions that can change materially over time. We make those assumptions visible and quantify how they affect the investment case.

Electricity price
€45–110/MWh
Hydrogen cost
€2–6/kg
Carbon price
€50–180/tCO₂
Asset utilisation
60–95%

EXAMPLE DECISION THRESHOLD

When does electrification outperform hydrogen?

Hydrogen price
Electrification preferred
Economics broadly equivalent
Hydrogen preferred
Electricity price

Break-even analysis reveals the combinations of energy prices and operating assumptions under which the preferred technology changes.

DELIVERABLES

Evidence built forinvestment decisions.

01

Technology Screening

A structured assessment of candidate technologies against process requirements, maturity and deployment constraints.

02

Techno-Economic Model

Transparent modelling of performance, CAPEX, OPEX, energy consumption and lifecycle economics.

03

Technology Comparison

A consistent comparison showing the strengths, weaknesses and appropriate applications of competing options.

04

Scenario Analysis

Evaluation of the investment case across alternative energy, carbon, technology and operating scenarios.

05

Break-Even Analysis

Clear thresholds showing what must change for one technology or pathway to become economically preferable to another.

06

Investment Recommendation

An evidence-based recommendation identifying preferred options, critical assumptions and the conditions required to proceed.

Glass manufacturing facility representing a technology pathway analysis project

ANALYSIS IN PRACTICE

GLASS & CERAMICS

Hydrogen or electrification?Choosing a pathway for high-temperature heat.

Terravia compared alternative furnace decarbonisation pathways for a European glass manufacturer, modelling technical performance, energy infrastructure and lifecycle economics across a range of future market conditions.

Primary technology pathways
2
Operating scenarios
12
Critical variables modelled
7
Recommended conversion window
2032

WORK DELIVERED

  • Process and technology assessment
  • CAPEX & OPEX modelling
  • Electricity and hydrogen scenarios
  • Infrastructure dependency analysis
  • Break-even modelling
  • Technology recommendation
View project

CONNECT THE DECISIONS

Put the analysisinto context.

Decarbonisation Strategy

Determine where different technologies fit within the wider transition pathway and which opportunities deserve strategic attention.

Explore Decarbonisation Strategy

Investment Roadmaps

Translate preferred technologies into phased investments aligned with asset cycles, infrastructure and capital priorities.

Explore Investment Roadmaps

START A CONVERSATION

Know what works before you commit capital.

Whether you are comparing technologies, testing an emerging solution or challenging an existing investment case, we can help establish what is technically credible, economically viable and worth pursuing.

Talk to our team