The Component Sizing Tool is an online tool, which can be used for the sizing of system compo-nents used within Alternating Current (AC), Direct Current (DC) and hybrid Alternating Current and Direct Current (ACDC) networks. The Deliverable of the Component sizing Tool is an online Component Sizing Tool, with an additional report explaining the calculations and simulations in the background. The simulation model and the online tool, however, remain the intellectual property of Austrian Institute of Technology (AIT), the code itself will not be made public. The component sizing tool for technical and economic optimization within the HYPERRIDE project is lead by AIT who is responsible for the tool development and implementation, in collaboration with additional partners EMOTION and ASM, whos role are to provide the neccessary profile data for the simulations. The component sizing tool for economic optimisation will provide a technical and economic base for finding the optimal component size solution for three different use cases within the HYPERRIDE project. The first use case is as an addition to the Grid Planning Tool for the development of Hybrid ACDC microgrids, for the simplified simulation of battery storages within Hybrid ACDC micro grids. Secondly, the tool will be used for simulations in the Italian pilot as EMOTION and ASM are the main contributors. Therefore, input data from the partners will be pre-implemented into the online tool to simplify the tool usage. As a third use case, the tool will be used to generate input parameters for creating business models, regulatory assessment and identify consumers. The online Component Sizing Tool is currently available under http://sizing-tool.hyperride.eu (Username: HYPERRIDE, password: Component-sizing-Tool).