A techno-economic assessment (TEA) is an integrated evaluation of the technological performance and economic feasibility of a (new) process or value chain with the aim to identify the most important underlying parameters for its economic feasibility. As such, a TEA helps taking go/no-go decisions in steering research, developments and investments.

Environmental techno-economic assessment

An environmental techno-economic assessment (ETEA) in addition identifies the potential environmental impact. A TEA includes a market, technical, economic and risk assessment. An ETEA also includes an environmental assessment (e.g. LCA).

 

Your challenges

  • Determine the economic feasibility of your process and the main influencing parameters
  • Determine the environmental impact of your process and the main influencing parameters
  • Allocate your budget and investment resources
  • Set R&D targets
  • Gain a broad understanding of your process and its value chain
  • Convince investors of the sustainability of your process (both economically and ecologically)

Our solution

  • An integrated, uniform, and transparent methodology
  • An iterative approach for well-informed decision making starting at low TRL
  • Comprehensive, objective and transparent results
  • An uncertainty/risk assessment

Your benefits

  • Reduction of time-to-market and costs
  • Optimal spending of available resources
  • Setting R&D targets
  • Lowering the risk of failed market introduction
  • Well-informed decision making

Why VITO

  • An independent, objective assessment
  • Open interaction and communication of the results
  • A multidisciplinary approach covering economic, technical and legal aspects
  • Expertise in valorization tracks
  • Extensive knowledge on value chains
  • Broad network

Projects with techno-economic assessment

The project aims to develop energy storage systems and 7 CO2-conversion technologies.