Energy Storage Value and Adoption Analysis
Approach
Storage Installed Cost Trends
We analyze a range of installed costs for 4-hour storage in 2020 and
2030 to reflect uncertainty we see in current cost projections.
$3,000
Assumed Installed Costs for 10 MW, 40 MWh Storage Device
Installed Cost ($/kW)
$2,500
Lazard (2017)
$2,000
NYSERDA (2018)
$1,500
$1,000
$500
$0
Navigant (2017), High
Hawaiian Electric (2016)
DNV GL (2017)
Lazard (2017)
Brattle (High)
NREL (2017)
Navigant (2017), Base
NIPSCO (2018), Median
ESA (2016), Upper
Navigant (2017), Low
Brattle (Low)
ESA (2016), Lower
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Sources and Notes: Literature review of Navigant (2017), Hawaiian Electric Companies (2016), NREL (2017), NIPSCO (2018), DNV GL (2017),
NYSERDA (2018a), ESA (2016), and Lazard (2017). Installed cost estimates for a 4-hour storage system. All values in nominal dollars.
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