Estimating Electrolyzers Using Equipment Model Libraries in Aspen Capital Cost Estimator™ (ACCE)
As the world races to achieve sustainability goals, capital projects are critical to ensure a green future, just as electrolyzers are vital to hydrogen production and accelerating decarbonization efforts.
Using the example of estimating Proton Exchange Membrane (PEM) Electrolyzers, this guide teaches you how to use Equipment Model Libraries in Aspen Capital Cost Estimator (ACCE) to accurately evaluate cost, labor and weight data for equipment outside of ACCE’s default cost library. Leverage the Equipment Model Libraries to expand ACCE's applicability and advance sustainability and decarbonization goals.
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Cost estimation is one of the key aspects of any engineering project, as it provides the basis to decide the feasibility and budget for the project. Yet cost estimation is often enclosed by uncertainty since during early engineering stages there is still very little information available. How can engineering teams find the most profitable designs when the project is still under development?
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