diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5b41681f..7ac5c89b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,8 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
-
+### Changed
+- Updated README with additional technical details. ([PR #49](https://github.com/ClimateImpactLab/dscim/pull/49), [@brews](https://github.com/brews))
 
 ## [0.2.1] - 2022-09-22
 ### Fixed
diff --git a/README.md b/README.md
index 1cd5345d..047cc8a5 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,3 @@
-[![Code style: black](https://img.shields.io/badge/code%20style-black-000000.svg)](https://github.com/psf/black)
-
 # DSCIM: The Data-driven Spatial Climate Impact Model
 
 This Python library enables the calculation of sector-specific partial social cost of greenhouse gases (SC-GHG) and SCGHGs that are combined across sectors using a variety of valuation methods and assumptions. The main purpose of this
@@ -8,6 +6,45 @@ using different options ("menu options") that encompass different decisions, suc
 discount levels, discount strategies, and different considerations related to
 economic and climate uncertainty.
 
+## Installation
+
+Install with `pip` using:
+```shell
+pip install dscim
+```
+
+Install the unreleased bleeding-edge version of the package with:
+```shell
+pip install git+https://github.com/climateimpactlab/dscim
+```
+
+### Dependencies
+
+`dscim` requires Python > 3.8. Additional compiled packages are required so we recommend installing `dscim` into a `conda` environment along with its dependencies.
+
+- numpy
+- pandas
+- xarray
+- matplotlib
+- dask
+- distributed
+- requests
+- statsmodels
+- click
+- zarr
+- dask-jobqueue
+- seaborn
+- geopandas
+- netcdf4
+- h5netcdf
+- impactlab-tools
+- p_tqdm
+
+## Support
+Source code is available online at https://github.com/climateimpactlab/dscim. Please file bugs in the [bug tracker](https://github.com/climateimpactlab/dscim/issues).
+
+This software is Open Source and available under the Apache License, Version 2.0.
+
 ## Structure and logic
 
 The library is split into several components that implement the hierarchy