2020 Energy Storage Pricing Survey

Technical Report · Mon Nov 01 04:00:00 EDT 2021

DOI:https://doi.org/10.2172/1866526· OSTI ID:1866526

Baxter, Richard ^[1]

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1. Mustang Prairie Energy, LLC, Somerville, MA (United States)

The annual Energy Storage Pricing Survey (ESPS) series is designed to provide a standardized reference system price for various energy storage technologies across a range of different power and energy ratings. This is an essential first step in comparing systems of the different technologies’ usage costs and total cost of ownership. The final system prices are developed based on data from an extensive set of interviews with representatives across the manufacturing and project development value chain, plus available published data. This information is incorporated into a consistent methodology structure that will allow pricing information to be incorporated at whatever level it was obtained, ranging from component to fully installed system. The ESPS system pricing methodology breaks down the cost of an energy storage system into the following component categories: the storage module; the balance of system; the power conversion system; the energy management system; and the engineering, procurement, and construction costs. By evaluating each of the different component costs separately, a more accurate system cost can be developed that provides internal pricing consistency between different project sizes using the same technology, as well as between different technologies that utilize similar components.

• Research Organization: Sandia National Laboratories (SNL-NM), Albuquerque, NM (United States)
• Sponsoring Organization: USDOE National Nuclear Security Administration (NNSA); USDOE Office of Electricity Delivery and Energy Reliability (OE)
• DOE Contract Number: NA0003525
• OSTI ID: 1866526
• Report Number(s): SAND2021-14700; 705883
• Country of Publication: United States
• Language: English

Related Subjects

25 ENERGY STORAGE
29 ENERGY PLANNING, POLICY, AND ECONOMY