Techno-economic assessment of an industrial project towards carbon neutrality

Abstract

This paper describes the application of the system simulation platform Modelon Impact for techno-economical assessment of energy projects towards carbon neutrality. The control co-design approach applied in the work allows for rapid assessment of various technology options without the need for deriving complex control laws for the considered assets. The approach is here applied on an industrial use case where the goal is to identify the technology options that minimize the total cost of ownership while achieving carbon neutrality.