An Evaluation of Energy Storage Cost and Performance Characteristics

Mongird, Kendall; Viswanathan, Vilayanur V.; Balducci, Patrick J.; Alam, Md Jan E.; Fotedar, Vanshika; Koritarov, V S.; Hadjerioua, Boualem

doi:10.3390/en13133307

An Evaluation of Energy Storage Cost and Performance Characteristics

Journal Article · Wed Jul 01 04:00:00 EDT 2020 · Energies

DOI:https://doi.org/10.3390/en13133307· OSTI ID:1667368

Mongird, Kendall ^[1]; ^[1]; Balducci, Patrick J. ^[1]; Alam, Md Jan E. ^[1]; Fotedar, Vanshika ^[1]; Koritarov, V S. ^[2]; Hadjerioua, Boualem ^[3]

BATTELLE (PACIFIC NW LAB)
ANL
Oak Ridge National Laboratory

The energy storage industry continues to expand 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 technologies - 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.

Research Organization:: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: AC05-76RL01830

OSTI ID:: 1667368

Report Number(s):: PNNL-SA-150068

Journal Information:: Energies, Journal Name: Energies Journal Issue: 13 Vol. 13

Country of Publication:: United States

Language:: English

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