TEA

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 it overlaps heavily with traditional cost accounting models, TEA 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 technologies as they help identify cost hotspots and potential areas of improvement, both of which can inform strategies to accelerate the commercialization of climate-friendly technologies.

Explore the following pages to learn more about TEA methods and data acquisition.

Introduction

Detailed Process

Templates and Videos

Databases

Guidance Documents

Case Studies