From pv journal ESS News web site

Interest in long-duration vitality storage (LDES) is growing quickly as demand for clear sustainable capability grows. With most LDES applied sciences nonetheless of their infancy, details about their value shouldn’t be extensively obtainable. In the inaugural LDES value survey, BloombergNEF brings transparency to the matter.

BNEF surveyed seven LDES know-how teams and 20 know-how sorts in its report and located that the smallest applied sciences already present cheaper storage than lithium-ion batteries for eight hours.

Thermal vitality storage and compressed air storage have a mean capital expenditure, or capex, of $232/kWh and $293/kWh, respectively. For comparability, lithium-ion programs have a mean capex of $304/kWh for four-hour period programs in 2023, so typically shorter-term financial savings.

Storage period, venture measurement, and site are key components affecting LDES capex. Gravity vitality storage programs, which elevate weights when charging and drop them in a managed method when discharging, have the best common capex, at $643/kWh.

The charge of value discount of LDES applied sciences will largely depend upon the growth of deployment and growth of market routes in main areas, BNEF notes.

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