Techno-economic assessment
Techno-economic assessment (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
- ^ 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.
{{cite conference}}: Explicit use of et al. in:|last1=(help) - ^ "Techno-Economic Analysis". AB PDU. Retrieved 2018-10-09.
- ^ Lauer, Maximilan. Methodology guideline on techno economic assessment (TEA) (PDF). Intelligent Energy Europe.