Techno-economic Assessment

Techno-economic assessment is a process that evaluates both the technical feasibility and economic viability of a project or technology. It involves analyzing how well the technology performs, its cost-effectiveness, and potential market value. This assessment helps decision-makers understand whether a project is practical to implement and financially worthwhile, considering factors like development costs, operational expenses, revenue potential, and risks. By combining technical and financial analysis, it supports informed choices about investing in new technologies or projects.