Scope:

• This standard defines techno-economic terminologies used in the development, construction, and operation of renewable energy and electrical energy storage systems

Purpose:

• There is no consistent definition of techno-economic terms that have arisen in the evolution of renewable energy and electrical energy storage systems
• There is a need to define techno-economic terminology so that stakeholders can use a common language when planning standards and for understanding published industrial and technical reports
• This standard is intended to serve as a basic reference for policymakers, developers, and users of such systems, for planning industry standards, and for the interpretation of published technical and industrial reports

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