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Title: Techno-economic analyses of several redox flow batteries using levelized cost of energy storage

Journal Article · · Current Opinion in Chemical Engineering
 [1]
  1. Raytheon Technologies Research Center, Hartford, CT (United States)

Development of inexpensive long-duration energy storage supports widespread deployment of variable renewable energy resources onto the electricity grid. Flow batteries are a promising class of devices for long-duration energy storage. Techno-economic modeling is needed to evaluate commercial feasibility of existing technologies and to help guide research and development of new technologies. Levelized cost of storage is a useful metric that accounts for capital and operating costs and energy throughput over the life of a project. This metric is used to compare the economic prospects of lithium ion to eight aqueous and two hypothetical nonaqueous flow batteries in four use cases. Finally, flow batteries with inexpensive active materials are favored in long-duration applications.

Research Organization:
Argonne National Laboratory (ANL), Argonne, IL (United States). Joint Center for Energy Storage Research (JCESR)
Sponsoring Organization:
USDOE Office of Science (SC), Basic Energy Sciences (BES)
Grant/Contract Number:
AC02-06CH11357
OSTI ID:
1981578
Journal Information:
Current Opinion in Chemical Engineering, Journal Name: Current Opinion in Chemical Engineering Journal Issue: C Vol. 37; ISSN 2211-3398
Publisher:
ElsevierCopyright Statement
Country of Publication:
United States
Language:
English

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