Search Results (560)

A comprehensive techno-economic assessment was undertaken to determine the viability of bioethanol production from sugarcane bagasse in Thailand through organosolv fractionation, incorporating three distinct catalytic systems: sulfuric acid, formic acid, and sodium methoxide. Rigorous process simulations were executed using Aspen Plus, facilitating the derivation of detailed mass and energy balances, which served as the foundational input for downstream cost modeling. Economic performance metrics, including the total annualized cost and minimum ethanol selling price, were systematically quantified for each scenario. Among the evaluated configurations, the formic acid-catalyzed organosolv system exhibited superior techno-economic attributes, achieving the lowest unit production costs of 1.14 USD/L for ethanol and 1.84 USD/kg for lignin, corresponding to an estimated ethanol selling price of approximately 1.14 USD/L. This favorable outcome was attained with only moderate capital intensity, indicating a well-balanced trade-off between operational efficiency and investment burden. Conversely, the sodium methoxide-based process configuration imposed the highest economic burden, with a TAC of 15.27 million USD/year, culminating in a markedly elevated MESP of 5.49 USD/kg (approximately 4.33 USD/L). The sulfuric acid-driven system demonstrated effective delignification performance. Sensitivity analysis revealed that reagent procurement costs exert the greatest impact on TAC variation, highlighting chemical expenditure as the key economic driver. These findings emphasize the critical role of solvent choice, catalytic performance, and process integration in improving the cost-efficiency of lignocellulosic ethanol production. Among the examined options, the formic acid-based organosolv process stands out as the most economically viable for large-scale implementation within Thailand’s bioeconomy. Full article

Mining (1) operations in remote areas (2) face significant challenges related to energy supply, high fuel costs, and limited infrastructure. This study investigates the potential for achieving energy independence (3) and resilience (4) in such environments through the integration of renewable energy sources (5) and battery–electric mining equipment. Using the “Studena Vrila” underground bauxite mine as a case study, a comprehensive techno-economic and environmental analysis was conducted across three development models. These models explore incremental scenarios of solar and wind energy adoption combined with electrification of mobile machinery. The methodology includes calculating levelized cost of energy (LCOE), return on investment (ROI), and greenhouse gas (GHG) reductions under each scenario. Results demonstrate that a full transition to RES and electric machinery can reduce diesel consumption by 100%, achieve annual savings of EUR 149,814, and cut GHG emissions by over 1.7 million kg CO₂-eq. While initial capital costs are high, all models yield a positive Net Present Value (NPV), confirming long-term economic viability. This research provides a replicable framework for decarbonizing mining operations in off-grid and infrastructure-limited regions. Full article

The cement industry is a significant contributor to global carbon dioxide emissions, primarily due to the energy demands of its production process and its reliance on clinker, a material formed through the high-temperature calcination of limestone. Strategies to reduce emissions include the adoption of low-carbon fuels, the use of carbon capture and storage (CCS) technologies, and the integration of supplementary cementitious materials (SCMs) to reduce the clinker content. The effectiveness of these measures depends on a complex set of interactions involving technological feasibility, market dynamics, and regulatory frameworks. This study presents a system dynamics model designed to assess how various decarbonization approaches influence long-term emission trends within the cement industry. The model accounts for supply chains, production technologies, market adoption rates, and changes in cement production costs. This study then analyzes a number of scenarios where there is large-scale sustained investment in each of three carbon mitigation strategies. The results show that CCS by itself allows the cement industry to achieve carbon neutrality, but the high capital investment results in a large cost increase for cement. A combined approach using alternative fuels and SCMs was found to achieve a large carbon reduction without a sustained increase in cement prices, highlighting the trade-offs between cost, effectiveness, and system-wide interactions. Full article

This paper examines the effect of digital innovation on cost stickiness in manufacturing firms, focusing on the underlying mechanisms and contextual factors. Using data from Chinese A-share listed manufacturing firms from 2012 to 2023, we find that, first, for each one-unit increase in the level of digital technology, the cost stickiness index of enterprises decreases by an average of 0.4315 units, primarily through digital process innovation and digital business model innovation, whereas digital product innovation does not exhibit a statistically significant impact. Second, manufacturing servitization and the optimization of human capital structure are identified as key mediating mechanisms. Digital innovation promotes servitization by transitioning firms from product-centric to service-oriented business models, thereby reducing fixed costs and improving resource flexibility. It also optimizes human capital by increasing the proportion of high-skilled employees and reducing labor adjustment costs. Third, the effect of digital innovation on cost stickiness is found to be heterogeneous. Firms with high financing constraints benefit more from the cost-reducing effects of digital innovation due to improved resource allocation efficiency. Additionally, mid-tenure executives are more effective in leveraging digital innovation to mitigate cost stickiness, as they balance short-term performance pressures with long-term strategic investments. These findings contribute to the understanding of how digital transformation reshapes cost behavior in manufacturing and provide insights for policymakers and firms seeking to achieve sustainable development through digital innovation. Full article

Direct electrification and hydrogen utilization represent two key pathways for decarbonizing the glass industry, with their effectiveness subject to adequate furnace design and renewable energy availability. This study presents a techno-economic assessment for optimal solar energy integration in a representative 300 t/d oxyfuel container glass furnace with a specific energy consumption of 4.35 GJ/t. A mixed-integer linear programming formulation is developed to evaluate specific melting costs, carbon emissions, and renewable energy self-consumption and self-production rates across three scenarios: direct solar coupling, battery storage, and a hydrogen-based infrastructure. Battery storage achieves the greatest reductions in specific melting costs and emissions, whereas hydrogen integration minimizes electricity export to the grid. By incorporating capital investment considerations, the study quantifies the cost premiums and capacity requirements under varying decarbonization targets. A combination of 30 MW of solar plant and 9 MW of electric boosting enables the realization of around 30% carbon reduction while increasing total costs by 25%. Deeper decarbonization targets require more advanced systems, with batteries emerging as a cost-effective solution. These findings offer critical insights into the economic and environmental trade-offs, as well as the technical constraints associated with renewable energy adoption in the glass industry, providing a foundation for strategic energy and decarbonization planning. Full article

This paper aims to find an efficient optimization algorithm to bring down the cost function without compromising the stability of the system and respect the operational constraints of the Hybrid Renewable Energy System. To accomplish this, MATLAB simulations were carried out using three optimization techniques: Grey Wolf Optimization (GWO), Teaching–Learning-Based Optimization (TLBO), and Multi-Objective Particle Swarm Optimization (MOPSO). The study compared their outcomes to identify which method yielded the most effective performance. The research included a statistical analysis to evaluate how consistently and stably each optimization method performed. The analysis revealed optimal values for the output power of photovoltaic systems (PVs), wind turbines (WTs), diesel generator capacity (DGs), and battery storage (BS). A one-year period was used to confirm the optimized configuration through the analysis of capital investment and fuel consumption. Among the three methods, GWO achieved the best fitness value of 0.24593 with an LPSP of 0.12528, indicating high system reliability. MOPSO exhibited the fastest convergence behaviour. TLBO yielded the lowest Net Present Cost (NPC) of 213,440 and a Cost of Energy (COE) of 1.91446/kW, though with a comparatively higher fitness value of 0.26628. The analysis suggests that GWO is suitable for applications requiring high reliability, TLBO is preferable for cost-sensitive solutions, and MOPSO is advantageous for obtaining quick, approximate results. Full article

A deterministic Mixed-Integer Nonlinear Programming (MINLP) model for the Integrated Generation and Transmission Expansion Planning (IGTEP) problem is presented. The proposed framework is distinguished by its foundation on the complete AC power flow formulation, which is solved to global optimality using BARON, a deterministic MINLP solver, which ensures the identification of truly optimal expansion strategies, overcoming the limitations of heuristic approaches that may converge to local optima. This approach is employed to establish a definitive, high-fidelity economic and technical benchmark, addressing the limitations of commonly used DC approximations and metaheuristic methods that often fail to capture the nonlinearities and interdependencies inherent in power system planning. The co-optimization model is formulated to simultaneously minimize the total annualized costs, which include investment in new generation and transmission assets, the operating costs of the entire generator fleet, and the cost of unsupplied energy. The model’s effectiveness is demonstrated on the IEEE 14-bus system under various dynamic load growth scenarios and planning horizons. A key finding is the model’s ability to identify the most economic expansion pathway; for shorter horizons, the optimal solution prioritizes strategic transmission reinforcements to unlock existing generation capacity, thereby deferring capital-intensive generation investments. However, over longer horizons with higher demand growth, the model correctly identifies the necessity for combined investments in both significant new generation capacity and further network expansion. These results underscore the value of an integrated, AC-based approach, demonstrating its capacity to reveal non-intuitive, economically superior expansion strategies that would be missed by decoupled or simplified models. The framework thus provides a crucial, high-fidelity benchmark for the validation of more scalable planning tools. Full article

The global transition to clean energy necessitates integrated solutions that ensure both environmental sustainability and energy security. This paper proposes a scenario-based modeling framework for urban hybrid energy systems combining small modular reactors (SMRs), photovoltaic (PV) generation, and battery storage within a smart grid architecture. SMRs offer compact, low-carbon, and reliable baseload power suitable for urban environments, while PV and storage enhance system flexibility and renewable integration. Six energy mix scenarios are evaluated using a lifecycle-based cost model that incorporates both capital expenditures (CAPEX) and cumulative carbon costs over a 25-year horizon. The modeling results demonstrate that hybrid SMR–renewable systems—particularly those with high nuclear shares—can reduce lifecycle CO₂ emissions by over 90%, while maintaining long-term economic viability under carbon pricing assumptions. Scenario C, which combines 50% SMR, 40% PV, and 10% battery, emerges as a balanced configuration offering deep decarbonization with moderate investment levels. The proposed framework highlights key trade-offs between emissions and capital cost and seeking resilient and scalable pathways to support the global clean energy transition and net-zero commitments. Full article

This research aims to analyze the evolution of productivity and efficiency in tractors featuring varying propulsion system designs through the development of a parametric modeling approach. Recognizing that large row-crop tractors represent a significant capital investment—ranging from USD 0.4 to over 0.8 million for current-generation models—and that machinery costs constitute a substantial share of farm production expenses, this study addresses the urgent need for data-driven decision-making in agricultural enterprises. Utilizing consolidated OECD Code 2 tractor test data for all large row-crop John Deere tractors from the MFWD era to the latest generation, the study evaluates tractor performance across multiple productivity and efficiency indicators. The analysis culminates in the creation of a robust, user-friendly parametric model (R² = 0.9337, RMSE = 1.0265), designed to assist stakeholders in making informed decisions regarding tractor replacement or upgrading. By enabling the optimization of productivity and efficiency while accounting for agronomic and timeliness constraints, this model supports sustainable and profitable management practices in modern agriculture. Full article

As global climate change intensifies and the transition to clean energy accelerates, lithium-ion batteries—critical components of electric vehicles—are becoming increasingly vital in international trade networks. This study investigates the structural evolution and determinants of the electric vehicle lithium-ion battery trade network among European Union (EU) member states from 2012 to 2023, employing social network analysis and the multiple regression quadratic assignment procedure method. The findings demonstrate the transformation of the network from a centralized and loosely connected structure, with Germany as the dominant hub, to a more interconnected and decentralized system in which Poland and Hungary emerge as the leading players. Key network metrics, such as the density, clustering coefficients, and average path lengths, reveal increased regional trade connectivity and enhanced supply chain efficiency. The analysis identifies geographic and economic proximity, logistics performance, labor cost differentials, energy resource availability, and venture capital investment as significant drivers of trade flows, highlighting the interaction among spatial, economic, and infrastructural factors in shaping the network. Based on these findings, this study underscores the need for targeted policy measures to support Central and Eastern European countries, including investment in logistics infrastructure, technological innovation, and regional cooperation initiatives, to strengthen their integration into the supply chain and bolster their export capacity. Furthermore, fostering balanced inter-regional collaborations is essential in building a resilient trade network. Continued investment in transportation infrastructure and innovation is recommended to sustain the EU’s competitive advantage in the global electric vehicle lithium-ion battery supply chain. Full article

Hydrogen is increasingly recognized as a key element of the transition to a low-carbon energy system, leading to a growing interest in accurate and sustainable assessment of its economic viability. Levelized Cost of Hydrogen (LCOH) is one of the most widely used metrics for comparing hydrogen production technologies and informing investment decisions. However, traditional LCOH calculation methods apply a single discount rate to all cash flows without distinguishing between the risks associated with outflows and inflows. This approach may yield a systematic overestimation of costs, especially in capital-intensive projects. In this study, we adapt a binary cash flow discounting model, previously proposed in the finance literature, for hydrogen energy systems. The model employs two distinct discount rates, one for costs and one for revenues, with a rate structure based on the required return and the risk-free rate, thereby ensuring that arbitrage conditions are not present. Our approach allows the range of possible LCOH values to be determined, eliminating the methodological errors inherent in traditional formulas. A numerical analysis is performed to assess the impact of a change in the general rate of return on the final LCOH value. The method is tested on five typical hydrogen production technologies with fixed productivity and cost parameters. The results show that the traditional approach consistently overestimates costs, whereas the binary model provides a more balanced and risk-adjusted representation of costs, particularly for projects with high capital expenditures. These findings may be useful for investors, policymakers, and researchers developing tools to support and evaluate hydrogen energy projects. Full article

Microbial fuel cells (MFCs) are bio-electrochemical systems that harness microorganisms to convert organic pollutants in wastewater directly into electricity, offering a dual solution for sustainable wastewater treatment and renewable energy generation. This paper presents a holistic techno-economic and environmental feasibility assessment of large-scale MFC deployment in Dhaka’s industrial zone, Bangladesh, as a relevant case study. Here, treating 100,000 cubic meters of wastewater daily would require a capital investment of approximately USD 500 million, with a total project cost ranging between USD 307.38 million and 1.711 billion, depending on system configurations. This setup has an estimated theoretical energy recovery of 478.4 MWh/day and a realistic output of 382 MWh/day, translating to a per-unit energy cost of USD 0.2–1/kWh. MFCs show great potential for treating wastewater and addressing energy challenges. However, this paper explores remaining challenges, including high capital costs, electrode and membrane inefficiencies, and scalability issues. Full article

Background: Intraoperative ultrasound (IOUS) is revolutionizing gynecologic oncology surgery by overcoming the limitations of traditional imaging and intraoperative assessment. Its real-time, high-resolution capabilities address critical needs in tumor localization, fertility preservation, refined intraoperative decisions, and complete cytoreduction. Methods: We reviewed clinical studies (1998–2024) evaluating IOUS applications, analyzing data on detection accuracy, surgical outcomes, and implementation challenges from peer-reviewed literature and institutional experiences. Results: IOUS demonstrates 88–93% sensitivity for subcentimeter metastases, refining surgical decisions in 25–40% of cases. Key outcomes include increased complete resection rates (68% to 87%), a 38% reduction in unnecessary lymphadenectomies, and successful fertility preservation in 92% of cases. Limitations include learning curves, 12% false-negative rate for micrometastases, and significant capital investment cost barriers. Conclusions: IOUS represents a transformative advance in precision surgery, improving both oncologic outcomes and quality of life. While standardization and accessibility challenges remain, ongoing technological innovations promise to solidify its role as a surgical standard. Full article

This paper examines the relationship between investment in water education and economic performance, focusing on the context of widening countries (EU Member States and Associated Countries with lower research and innovation performance). Through time-series data and panel regression analysis, the study investigates whether increased spending on education correlates with Gross Domestic Product (GDP) growth. While the initial static model indicates a positive but statistically insignificant association, a dynamic model with lagged GDP significantly improves explanatory power, suggesting that educational investments may influence growth with a temporal delay. Complementing the macroeconomic data, the paper analyses how targeted investments in educational innovation, especially in digital technologies such as virtual reality (VR) applications, enhance teaching quality and student engagement. Examples from partner universities involved in the WATERLINE project (Horizon Europe, 101071306) show how custom-built VR modules, aligned with existing hydraulic labs, contribute to advanced water-related skills. The paper also presents a cost-benefit analysis of VR applications in water education, highlighting their economic efficiency compared to traditional laboratory equipment. Additionally, it explores how micro-level innovations in education can generate macroeconomic benefits through widespread adoption and systemic impact. Ultimately, the research highlights the long-term value of education and innovation in strengthening both economic and human capital across diverse regions. Full article

Specialized and special new “little giant” enterprises are characterized by specialization, refinement, uniqueness, and innovation. They have relatively strong innovation capabilities and enterprise vitality. However, they also face problems such as high innovation costs, long investment recovery cycles, and high risks of investment returns, which lead to information asymmetry and financing difficulties. Government venture capital is a policy fund provided by the government and established with the participation of local governments, financial institutions, and private capital. They can utilize fiscal policies to attract market funds and support the development of key industries. Therefore, in this study, the first through sixth batches of specialized and special new “little giant” enterprises listed on the A-share and New Third Board from 2013 to 2023 were taken as samples, and their investment behavior and investment effects were empirically studied using the multiple linear regression method. The investment behavior of government venture capital tends to target strategic emerging industries. The intervention of government venture capital can enhance the innovation of “little giant” enterprises and has an impact through the intermediary mechanism of R&D investment. This paper draws conclusions and puts forward relevant policy suggestions for supporting the development of “little giant” enterprises. Full article