Loren Data's SAM Daily™

SAMDAILY.US - ISSUE OF MARCH 17, 2024 SAM #8146
SPECIAL NOTICE

B -- Open-Source Software: Revolutionizing Financial Performance Analysis with TEAL: Bridging Engineering and Economics

Notice Date

3/15/2024 11:04:51 AM
 

Notice Type

Special Notice
 

NAICS

541690 — Other Scientific and Technical Consulting Services
 

Contracting Office

BATTELLE ENERGY ALLIANCE�DOE CNTR Idaho Falls ID 83415 USA
 

ZIP Code

83415
 

Response Due

3/15/2026 8:00:00 AM
 

Archive Date

03/30/2026
 

Point of Contact

Andrew Rankin
 

E-Mail Address

andrew.rankin@inl.gov
(andrew.rankin@inl.gov)
 

Description

Revolutionizing Financial Performance Analysis with TEAL: Bridging Engineering and Economics Introduction TEAL, the Tool for Economic AnaLysis, emerges as a groundbreaking financial calculator plugin designed to seamlessly integrate with the RAVEN framework. It revolutionizes the way economic assessments are conducted by combining detailed engineering insights with financial performance metrics such as Net Present Value, incorporating factors like inflation, taxation, and capital expenditure scaling. Background In the quest to assess the commercial viability of new technologies, the challenge often lies in accurately incorporating detailed engineering assessments and managing the inherent risk in economic analyses. TEAL was developed to address these challenges, leveraging the computational prowess of RAVEN to provide a robust framework for techno-economic assessments. This innovative approach is particularly crucial for the Department of Energy's Nuclear Energy (DOE NE) sector and beyond, where economic assessments must navigate a landscape rife with uncertainties. Software Description TEAL stands out by its ability to link with external models through RAVEN, facilitating the creation of detailed cash flows based on complex physical models. Beyond traditional financial metrics, TEAL offers financial risk and probabilistic metrics, empowering users to conduct financial risk augmentations and optimizations. Its integration with RAVEN enables capabilities like robust optimization, sensitivity analysis, and large parallel simulations, thereby reducing computational costs while enhancing scalability and precision in financial analysis. Advantages Integrated Engineering and Financial Analysis: Unifies complex engineering models with financial performance calculations for comprehensive assessments. Advanced Financial Risk Metrics: Offers unique insights into financial risks, leveraging probabilistic analysis and optimization. Efficient Computational Use: Reduces computational time significantly, thanks to High-Performance Computing (HPC) capabilities. Versatile Application: Suitable for a wide range of fields, including nuclear energy, integrated energy systems, and any sector where engineering and economic assessments intersect. Innovative Methodologies: Incorporates advanced statistical methodologies and risk analysis approaches from nuclear reactor safety analyses. Applications Economic Assessments of Integrated Energy Systems: Ideal for analyzing systems that aim to reduce CO2 emissions cost-effectively. Techno-Economic Analyses: Enhances the commercial potential and investment priority determinations for new technologies. Nuclear Technology Economic Assessments: Increases the integrity of economic evaluations in the nuclear sector. Cross-Sector Economic Analysis: Applicable in sectors requiring detailed engineering designs alongside economic and risk analyses. Explore how TEAL can transform your approach to economic assessments, marrying detailed engineering models with deep financial analysis. For a comprehensive tool that elevates your project's financial performance analysis amidst uncertainties, visit our website and discover the potential of TEAL in your sector. This software is open source and available at no cost. Download now by visiting the product's�GitHub page.
 

Web Link

SAM.gov Permalink
(https://sam.gov/opp/32a70f4eb598457d927b1a4ea40447fe/view)
 

Place of Performance

Address: Idaho Falls, ID 83415, USA

Zip Code: 83415

Country: USA
 

Record

SN06998344-F 20240317/240315230043 (samdaily.us)
 

Source

SAM.gov Link to This Notice
(may not be valid after Archive Date)

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