An Evaluation of Energy Storage Cost and Performance Characteristics

Mongird, Kendall; Viswanathan, Vilayanur; Balducci, Patrick; Alam, Jan; Fotedar, Vanshika; Koritarov, Vladimir; Hadjerioua, Boualem

doi:10.3390/en13133307

An Evaluation of Energy Storage Cost and Performance Characteristics

Journal Article · Sun Jun 28 00:00:00 EDT 2020 · Energies

DOI:https://doi.org/10.3390/en13133307· OSTI ID:1635313

; Viswanathan, Vilayanur; Balducci, Patrick; Alam, Jan; Fotedar, Vanshika; Koritarov, Vladimir; Hadjerioua, Boualem

The energy storage industry has expanded globally as costs continue to fall and opportunities in consumer, transportation, and grid applications are defined. As the rapid evolution of the industry continues, it has become increasingly important to understand how varying technologies compare in terms of cost and performance. This paper defines and evaluates cost and performance parameters of six battery energy storage technologies (BESS)—lithium-ion batteries, lead-acid batteries, redox flow batteries, sodium-sulfur batteries, sodium-metal halide batteries, and zinc-hybrid cathode batteries—four non-BESS storage systems—pumped storage hydropower, flywheels, compressed air energy storage, and ultracapacitors—and combustion turbines. Cost and performance information was compiled based on an extensive literature review, conversations with vendors and stakeholders, and costs of systems procured at sites across the United States. Detailed cost and performance estimates are presented for 2018 and projected out to 2025. Annualized costs were also calculated for each technology.

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Research Organization:: Argonne National Laboratory (ANL), Argonne, IL (United States); Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)

Sponsoring Organization:: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Water Power Technologies Office

Grant/Contract Number:: AC02-06CH11357; AC05-00OR22725; AC05-76RL01830

OSTI ID:: 1635313

Alternate ID(s):: OSTI ID: 1774331
OSTI ID: 1651264
OSTI ID: 1667368

Journal Information:: Energies, Journal Name: Energies Journal Issue: 13 Vol. 13; ISSN 1996-1073; ISSN ENERGA

Publisher:: MDPI AGCopyright Statement

Country of Publication:: Switzerland

Language:: English

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