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Techno-economic assessment

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Techno-economic assessment or Techno-economic analysis (abbreviated TEA) is a methodology framework to analyze the technical and economic performance of a process, product or service.[1] TEA normally combines process modeling, engineering design and economic evaluation.[2]

Examples of applications of TEA include the evaluation of the economic feasibility of a specific project, a forecast on the likelihood of the deployment of a technology at certain scale, or a comparison of the economic merit of different technological options that provide the same service.[3]

References

  1. ^ Zimmermann, Arno W.; et al. (30 October 2018). Guidelines for Techno-Economic Assessment of Carbon Capture and Utilization Technologies. American Institute of Chemical Engineers (AIChE) 2018 Annual Meeting. Pittsburgh, PA, USA.
  2. ^ "Techno-Economic Analysis". AB PDU. Retrieved 2018-10-09.
  3. ^ Lauer, Maximilan. Methodology guideline on techno economic assessment (TEA) (PDF). Intelligent Energy Europe.


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