Techno-Economic Assessment & Technical Support
Evaluating technical and economic viability, reducing uncertainty and supporting informed decisions from technology development through industrial implementation.
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From technical potential to confident implementation.
BlueXPRT helps organisations assess the technical and economic viability of new technologies and make informed decisions throughout technology development and scale-up. Our support includes technology maturity and innovation potential assessment, techno-economic assessment, funding suitability, technology integration and industrial validation.
We also provide specialist technical advisory, audit and expert support in water and steam cycle chemistry, biomass and waste characterisation, power generation and industrial operations. Our support helps reduce uncertainty, strengthen investment and funding decisions, and mitigate technical and operational risks.
Who we support
We support innovative SMEs, industrial organisations, technology developers, project consortia, utilities and power plant operators seeking to evaluate, validate, integrate or optimise technologies and industrial processes.
How we support you
Innovation Potential
Assessment
We evaluate the innovation potential, maturity and commercial prospects of technologies to support strategic decision-making and investment planning.
Funding Suitability
Assessment
We assess technologies against European and national funding programme requirements to identify suitable funding opportunities.
Technology Integration
Assessment
We evaluate how new technologies can be integrated into existing industrial processes, systems and operational environments.
Techno-Economic
Analysis
We conduct techno-economic assessments to evaluate technical feasibility, economic viability and implementation potential. Using scenario modelling, sensitivity analysis and Monte Carlo simulation, we assess how key technical and economic parameters influence financial performance and identify the factors that matter most for scale-up and investment decisions.
Industrial Validation
Support
We support technology validation under real-world operational conditions before larger-scale implementation. This includes identifying suitable industrial partners, pilot sites and testing environments to help assess whether a technology can perform reliably and effectively outside laboratory conditions.
Technical Advisory
& Expert Support
We provide specialist technical advisory support across water chemistry, power generation and industrial operations. Our support can include audits, expert witness services, monitoring and data-quality assessment, industry benchmarking, identification of key performance parameters and scenario development to evaluate operational conditions.
Standards, methods and technical frameworks we apply.
We combine recognised standards, sector-specific technical guidance, structured analytical methods and in-house tools to deliver practical, evidence-based assessments.
Deep industrial expertise
Our consultants combine decades of experience across industrial operations, engineering, water chemistry and technology evaluation. This specialist knowledge enables us to solve complex technical challenges in sectors such as power generation, steel, waste-to-energy and manufacturing.
We combine technical expertise with an understanding of European innovation programmes, funding requirements and industrial implementation. This enables us to assess technologies not only for technical performance, but also for their commercial and practical potential.
Our recommendations are objective, evidence-based and tailored to each organisation’s needs. Whether evaluating technologies, supporting industrial operations or advising on funding opportunities, we provide impartial guidance that supports confident decision-making.
Our experience extends beyond technical evaluation to industrial validation, operational support, specialist training and technical advisory services. This practical perspective helps organisations move technologies from concept towards successful implementation.
Our consultants have extensive experience across sectors including power generation, industrial utilities, steel, waste-to-energy and manufacturing. This sector knowledge enables us to understand operational challenges quickly and deliver technically robust, industry-relevant solutions.
Specialist advisory, training and knowledge exchange.
Beyond public innovation projects, BlueXPRT supports clients through confidential advisory work, training, audits, expert witness assignments and technical knowledge exchange.
Audits and expert witness support for water-based corrosion in steam cycles, waste-to-energy plants and district heating systems.
Training on water/steam cycle chemistry, boiler water conditioning and operational chemistry for industrial utilities and power plants.
Practical guidance on topics such as condenser leakages, alarm management and operational chemistry challenges.
In-house courses and advisory support on visual waste characterisation, biomass sampling and related assessment methods.
Regular technical discussions and anonymous experience exchange on operational chemistry at industrial utilities and power plants.
The people behind our impact.
Ludwin Daal
Director & Innovation ConsultantWater chemist and environmental engineer with 25 years of consultancy experience, including roles with KEMA, DNV and SWECO, and 15 years of experience in R&D project management.
Ludwin serves as secretary for Dutch power plant chemists and brings extensive experience in European innovation projects, technical evaluation and expert witness assignments.
Dr. Harsha Mysore Prabhakara
Innovation Consultant & Project ManagerWith a PhD in sustainable fuels and extensive experience in industry-focused innovation projects, Harsha brings technical expertise across the energy and materials transition.
He connects academic research with industrial applications and market needs, supporting the technical evaluation and development of innovative solutions.
Frequently Asked Questions
Understanding Techno-Economic Assessment
What is a techno-economic assessment (TEA), and what does it evaluate?
A techno-economic assessment (TEA) evaluates the technical and economic performance of a technology, process or project to determine its feasibility and commercial potential. It can assess technical performance alongside economic indicators such as capital expenditure (CAPEX), operating expenditure (OPEX), Net Present Value (NPV) and Return on Investment (ROI). BlueXPRT can use Monte Carlo simulation to model uncertainty across key technical and economic parameters, test different probability distributions and identify which variables have the greatest influence on the results.
What is the difference between a technical feasibility assessment and a techno-economic assessment (TEA)?
A technical feasibility assessment focuses primarily on whether a technology or process can perform as intended under the required technical and operational conditions. A techno-economic assessment (TEA) combines technical performance with economic factors such as CAPEX, OPEX and potential financial returns to assess whether the technology could also be economically viable. The two assessments can therefore complement each other when evaluating whether a technology is ready for further development, scale-up or investment.
At what stage of technology development is a techno-economic assessment most useful?
A techno-economic assessment (TEA) is particularly useful during applied research and development, often between Technology Readiness Level (TRL) 3 and TRL 6. While a TEA can be updated throughout a technology’s development, it can provide significant value before scaling from laboratory development to a more capital-intensive pilot stage. At this point, the assessment can support go/no-go decisions, identify key technical and economic uncertainties, and help avoid committing significant resources to technologies with limited scale-up potential. At BlueXPRT we tailor our techno-economic assessment tools to each technology and work closely with clients to evaluate the technical and economic parameters used in the analysis. We assess whether the underlying assumptions are realistic and, where possible, validate input values against real-world operational data and field conditions.
Conducting a Techno-Economic Assessment
What technical and economic information is required to carry out a techno-economic assessment (TEA)?
A techno-economic assessment (TEA) requires a combination of technical and economic inputs to connect engineering performance with financial viability. Technical inputs depend on the specific process or technology being assessed, while economic inputs typically include capital expenditure (CAPEX), operating expenditure (OPEX) and financial assumptions such as the interest rate. The quality and relevance of these inputs directly influence the reliability of the assessment results.
What outputs and decision-making insights does a techno-economic assessment provide?
A techno-economic assessment can provide sensitivity analyses and tornado diagrams that show how key technical and economic parameters affect financial performance. These outputs help identify which parameters have the greatest influence on the results and where changes could have the strongest impact on the economic viability of a technology.
Decision-Making & Technical Support
How can a techno-economic assessment (TEA) support investment decisions or funding applications?
A techno-economic assessment (TEA) with its sensitivity analysis, can help focus research and investment on the improvements that have the greatest impact on economic performance. For example, if improving the durability of a technology requires significant R&D resources but the frequency of component replacement has little effect on Return on Investment (ROI), those resources may be better directed towards parameters with a greater financial impact. This can help organisations prioritise development efforts and provide stronger evidence for investment or funding decisions.
What technical advisory support can BlueXPRT provide beyond a techno-economic assessment (TEA)?
Beyond techno-economic assessments (TEA), BlueXPRT provides specialised technical advisory services in water chemistry, corrosion, water and steam cycles, and process and energy modelling using Aspen Plus.
Our team has hands-on experience in pilot testing, field measurements and operational data validation. We assess monitoring equipment, verify key performance parameters and use industry benchmarks to evaluate operating conditions and ensure reliable technical assessments.
BlueXPRT also supports independent third-party audits, technical due diligence for mergers and acquisitions, expert witness services and operational troubleshooting. These services help identify technical risks, review operating procedures and establish baseline conditions before operational changes, such as chemical water conditioning.
Need clarity on a technology or technical challenge?
Whether you are evaluating an innovation, preparing a funding application, planning industrial validation or addressing operational challenges, BlueXPRT can provide independent technical insight and practical support.
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