After the course, you will learn:
The concept of Techno-Economic Analysis (TEA)
Basic principles, mathematical models, and chart representation methods of learning curves
Understand the importance of batteries as well as production distribution and price trends from lithium battery energy storage technology and electric transportation cases and battery global market overview
Course Video: Theory
Course Video: Case Study
After-class Quiz
Techno-Economic Analysis (TEA)
It is a method to evaluate the overall value of the economic performance of a technology, to objectively weigh the benefits and costs, and then evaluate its potential market.
Common comparison aspects of TEA include cost, benefit, risk uncertainty and time frame, etc.
Learning Curve
The learning curve is the tendency for unit costs to decrease as production volume increases.
In the field of new energy technology, learning curves can be used to analyze and predict the cost decline rate of new energy technologies, evaluate the cost trends of different new energy technologies, and help policymakers and investors formulate relevant policies and investment strategies.
The traditional single-factor learning curve model also has certain limitations. For example, the model assumes that the unit cost is determined by only a single factor of cumulative device capacity, while ignoring the influence of other factors.
Key Takeaway
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