Multifunctional aerostructures that carry mechanical loadings while conducting electrical currents offer a promising approach to reduce the weight of Electrical Power Systems (EPS) of aircraft. However, Carbon Fibre-Reinforced Polymer (CFRP), when used for aerostructures, presents challenges in achieving multi-functionality due to anisotropic mechanical, electrical, and thermal properties. These properties are interdependent on both laminate-level design factors (fibre/resin choice, fibre volume fraction, stacking sequence, and electrode configuration) and system-level EPS constraints (allowable voltage drop, current, and installation geometry). State-of-the-art material design and selection methods lack a coupled mechanical–electro–thermal design and selection approach to overcome these challenges of a complex design space to enable identification of multifunctional CFRP (MF-CFRP) solutions. This paper presents the first methodology for the design and selection of MF-CFRP with combined electrical, structural, and thermal properties. The methodology integrates requirement capture, laminate layup determination, electro-thermal assessment, option ranking, and manufacturing route selection. The methodology couples laminate-level design factors with system-level EPS constraints and includes iterative loops to refine either the CFRP design or the EPS parameters when no solution initially exists. The methodology is demonstrated to enable the design of a CFRP component to conduct the electrical current as part of the 28 V
DC network in an aircraft. This case study demonstrates the value of the methodology to identify knowledge and dataset gaps necessary for MF-CFRP design, alongside enabling the design of MF-CFRP components to enable increased power density of weight-critical EPS. Although the case study focused on a 28 V
DC system, the methodology is generalisable to other aircraft electrical architectures since system-level electrical parameters are used within the methodology as adaptable inputs.