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Title: Cost Projections for Utility-Scale Battery Storage

Abstract

In this work we document the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration systems. The projections are developed from an analysis of over 25 publications that consider utility-scale storage costs. The suite of publications demonstrates varied cost reduction for battery storage over time. Figure ES-1 shows the low, mid, and high cost projections developed in this work (on a normalized basis) relative to the published values. Figure ES-2 shows the overall capital cost for a 4-hour battery system based on those projections, with storage costs of $124/kWh, $207/kWh, and $338/kWh in 2030 and $76/kWh, $156/kWh, and $258/kWh in 2050. Battery variable operations and maintenance costs, lifetimes, and efficiencies are also discussed, with recommended values selected based on the publications surveyed.

Authors:
 [1];  [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Strategic Programs (EE-SP); USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S); USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
OSTI Identifier:
1529218
Report Number(s):
NREL/TP-6A20-73222
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
25 ENERGY STORAGE; 29 ENERGY PLANNING, POLICY, AND ECONOMY; battery storage; cost projections; storage cost

Citation Formats

Cole, Wesley J, and Frazier, Allister. Cost Projections for Utility-Scale Battery Storage. United States: N. p., 2019. Web. doi:10.2172/1529218.
Cole, Wesley J, & Frazier, Allister. Cost Projections for Utility-Scale Battery Storage. United States. doi:10.2172/1529218.
Cole, Wesley J, and Frazier, Allister. Wed . "Cost Projections for Utility-Scale Battery Storage". United States. doi:10.2172/1529218. https://www.osti.gov/servlets/purl/1529218.
@article{osti_1529218,
title = {Cost Projections for Utility-Scale Battery Storage},
author = {Cole, Wesley J and Frazier, Allister},
abstractNote = {In this work we document the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration systems. The projections are developed from an analysis of over 25 publications that consider utility-scale storage costs. The suite of publications demonstrates varied cost reduction for battery storage over time. Figure ES-1 shows the low, mid, and high cost projections developed in this work (on a normalized basis) relative to the published values. Figure ES-2 shows the overall capital cost for a 4-hour battery system based on those projections, with storage costs of $124/kWh, $207/kWh, and $338/kWh in 2030 and $76/kWh, $156/kWh, and $258/kWh in 2050. Battery variable operations and maintenance costs, lifetimes, and efficiencies are also discussed, with recommended values selected based on the publications surveyed.},
doi = {10.2172/1529218},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2019},
month = {6}
}

Technical Report:

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