Accident, Failure & Technological Risk

Binera conducts risk assessments for a variety of technological and failure hazards, which include, but are not limited to: transportation of hazardous material, blackouts, and critical infrastructure failures (e.g. bridge collapse, chemical plant equipment failures). As part of these assessments, Binera analyzes historical data and conducts detailed modeling to determine the frequency for the hazards under evaluation. Binera also produces estimates of the consequence of such events, including spread modeling of pollutants, fatality and injury modeling, as well as an evaluation of impacts to the economy. Binera then integrates the components from the frequency and consequence component assessments to evaluate the overall risks of various hazards. This process enables the testing and optimization of measures to reduce these risks and integrates with Binera’s multi-hazard risk analysis framework.