In-depth analysis of lifetime costs of grid scale energy storage technologies
Recently the proliferation of grid connected renewables, given their intermittency, has accentuated the need for energy storage technologies. In California, regulation has made it compulsory for utilities to install storage, accelerating the adoption of these technologies.
However, given the myriad applications and technology options available it is difficult to understand the economics of storage technologies.
The aim of this report is to provide a realistic lifecycle cost analysis of the main grid-scale electrical storage technologies, particularly Lithium Ion (Li-ion) and Compressed Air Energy Storage (CAES), as well as insight into the expected evolution of storage costs.
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Topics covered in the report:
- Lifetime cost analysis: Find out what it costs to build and operate utility scale Li-ion and CAES storage facilities
- Cost breakdown: Get insight into the cost of each component part of a storage system
- Expected cost reductions: Get an insight into the factors that could drive down the costs of grid scale energy storage solutions
- Pros and cons of energy storage technologies: Learn how storage technologies compare against each other and against non-storage options which deliver similar benefits
- Practical applications of energy storage technologies: Get clarity on how storage technologies have actually been deployed in the USA and beyond
This report provides answers to these questions:
- What are the life time costs of utility scale Li-ion and CAES storage?
- What are the pros and cons of the main energy storage technologies?
- Which technologies have been commercially deployed and what are their applications?
- Which energy storage options are more cost effective for each application?
- What are the expected cost reductions of the main technologies in a five year time-frame?
Who should buy this report?
This report is primarily for decision makers at Energy Storage OEMs, EPCs and Utility companies. This report enables them to evaluate the viability of an electrical storage project taking into account the main economic and technological factors.
If you have any questions about the report, please contact:
Global Account Manager
Energy Storage Update
+44 (0) 207 422 4332