New Model Predicts Profitability of On-Farm Sustainable Energy Projects
|Related ATTRA Publication:
Anaerobic Digestion of Animal Wastes: Factors to Consider
Researchers at North Carolina State University and the University of Wisconsin-Madison have developed a model that could boost investment in farm-based sustainable energy projects by more accurately predicting whether a project will turn a profit. The researchers developed a computational model that tells users how to maximize the economic return on cooperative anaerobic digestion systems. Specifically, it tells users where a system should be located, what its capacity should be, and how large a geographic area it should serve. The model runs repeated simulations that account for variation in each area of uncertainty, to come up with a more accurate prediction than previous models.