TEA/LCA

LSM group works on the comprehensive evaluation of the economic feasibility and cost-effectiveness of new technologies and processes. This involves assessing not only the initial investment and operational costs but also the long-term environmental and economic impacts, including potential savings, return on investment, and overall sustainability of the technology.

We will also perform a Life Cycle Assessment (LCA) to evaluate the environmental impacts associated with the entire life cycle of products, from raw material extraction through production, use, and end-of-life disposal. This assessment is crucial for understanding how different stages of a product's life affect environmental sustainability, including resource depletion, greenhouse gas emissions, and ecological footprint.

Our focus will be on emerging technologies that utilize critical materials, particularly rare earth elements (REEs), such as those found in lithium-ion batteries and permanent magnets used in electric vehicles and wind turbines. Through our techno-economic analysis and life cycle assessment, we aim to ensure that these advancements in sustainable engineering are rigorously verified against environmental and economic criteria. This dual approach not only fosters innovation but also supports responsible decision-making that aligns with sustainability goals.

By integrating TEA and LCA, we can identify potential challenges and opportunities in the adoption of these technologies, guiding stakeholders toward solutions that balance economic viability with environmental stewardship.