The concept stage involves project definition, due diligence, and approvals. Keystone worked with Balanced Power Engineering Inc. to examine the feasibility of bioenergy production from wood waste. “If you deal with environmental issues [at this stage], you will open yourself up to funding opportunities and tax credits,” Lee said.
Due diligence includes understanding stakeholders and special interest groups, for example, and whether projected emissions will be accepted by the community. Lee said that site selection should involve an environmental professional early on; depending on the site, challenges may vary.