CESTEA: The TUM Chair of Energy Systems Techno-Economic Analysis Method

This study presents the TUM CESTEA (TUM Chair of Energy Systems Techno-Economic Analysis) method, developed for economically analyzing Power-to-X (PtX), Biomass-to-X (BtX), and Power-and-Biomass-to-X (PBtX) processes. This method extends on standard factor-based cost estimation methods by incorporating specific adaptations and assumptions crucial for accurately evaluating these energy transformation processes. It specifically addresses the unique cost elements associated with key process components such as biomass treatment and electrolysis, thereby offering detailed insights into capital and production cost estimation. The primary objective is to establish a clear and systematic approach to cost estimation, enhancing the economic comparability of PtX, BtX, and PBtX technologies. The study emphasizes the importance of the Levelized Cost of Production (LCOP) as a critical economic metric for assessing these processes. Furthermore, the respective composition of the LCOP, consisiting of fixed, variable and depreciation costs, must be taken into account in the economic evaluation.     «

This study presents the TUM CESTEA (TUM Chair of Energy Systems Techno-Economic Analysis) method, developed for economically analyzing Power-to-X (PtX), Biomass-to-X (BtX), and Power-and-Biomass-to-X (PBtX) processes. This method extends on standard factor-based cost estimation methods by incorporating specific adaptations and assumptions crucial for accurately evaluating these energy transformation processes. It specifically addresses the unique cost elements associated with key process compone...     »