PNNL

Abstract

The basic CCSI objective of accelerating technology development and commercial deployment of carbon capture technologies through the extensive use of numerical simulation introduces a degree of unfamiliarity and novelty that potentially increases both of the traditional risk elements. In order to secure investor confidence and successfully accelerate the marketability of carbon capture technologies, it is critical that risk management decision tools be developed in parallel with numerical simulation capabilities and uncertainty quantification efforts. The focus of this paper is on the development of a technical risk model that incorporates the specific technology maturity development (level).