Techno-Economic Analysis of Advanced Materials for Energy Applications: A Review
Muhammad Azhar ALI KHAN, Muhammad ASAD, Islam Md Rizwanul FATTAH, Deepanraj BALAKRISHNAN
Abstract. The global energy transition demands advanced materials that combine high performance with economic viability. Techno-economic analysis (TEA) provides a framework for evaluating the interplay between material properties, system design, and economic metrics such as capital expenditure (CAPEX), operational expenditure (OPEX), levelized cost of energy (LCOE), and lifecycle costs. This review presents TEA methodologies and examines their application to key energy materials, including photovoltaics, hydrogen production and storage, batteries, supercapacitors, and thermoelectric systems. Case studies highlight cost–performance trade-offs, scalability challenges, and the benefits of circular economy integration. Emerging trends such as AI- and data-driven TEA frameworks, materials informatics, and policy incentives are also discussed. By incorporating TEA early in material development and considering lifecycle and environmental factors, researchers and policymakers can guide the design and deployment of sustainable, cost-effective energy technologies.
Keywords
Techno-Economic Analysis, Energy Materials, Levelized Cost of Energy, Renewable Energy, Materials Sustainability
Published online 4/25/2026, 14 pages
Copyright © 2026 by the author(s)
Published under license by Materials Research Forum LLC., Millersville PA, USA
Citation: Muhammad Azhar ALI KHAN, Muhammad ASAD, Islam Md Rizwanul FATTAH, Deepanraj BALAKRISHNAN, Techno-Economic Analysis of Advanced Materials for Energy Applications: A Review, Materials Research Proceedings, Vol. 64, pp 1107-1120, 2026
DOI: https://doi.org/10.21741/9781644904091-137
The article was published as article 137 of the book Energy Futures
Content from this work may be used under the terms of the Creative Commons Attribution 3.0 license. Any further distribution of this work must maintain attribution to the author(s) and the title of the work, journal citation and DOI.
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