Techno-economic assessment (TEA) is a methodology that translates the technical features of a production process—relating to features such as energy, materials, and equipment—into useful economic results.
While TEA overlaps heavily with traditional cost accounting models, it generally includes more technical aspects such as formulas governing relationships between materials and energy use, scaling laws for equipment pricing, and technology-centered scenario analysis.
TEAs are particularly important for carbon capture, utilization, and storage (CCUS) technologies as they help identify cost hotspots and potential areas of improvement, both of which can inform strategies to accelerate commercialization.
Explore the following pages to learn more about TEA for CCUS.