Cost Projections for Utility-Scale Battery Storage: 2023 Update
Citations Over Time
Abstract
In this work we describe 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 recent publications that include utility-scale storage costs. The suite of publications demonstrates wide variation in projected cost reductions for battery storage over time. We use the recent publications to create low, mid, and high cost projections. Projected storage costs are $245/kWh, $326/kWh, and $403/kWh in 2030 and $159/kWh, $226/kWh, and $348/kWh in 2050. Battery variable operations and maintenance costs, lifetimes, and efficiencies are also discussed, with recommended values selected based on the publications surveyed.
Related Papers
- → Reflections on the creation of a real-time parallel benchmark suite(1999)1 cited
- → An evaluation of the Meiko CS-2 using the GENESIS Benchmark Suite(1994)2 cited
- → SUITE 2010(2010)1 cited
- Discussion about the Duration of the Guarantee(2004)
- Lille suite = Kleine Suite = Little suite : op. 1(1949)