Cost Projections for Utility-Scale Battery Storage

Cole, Wesley; Frazier, Allister

doi:10.2172/1529218

Cited by 170 publications

(118 citation statements)

References 6 publications

(12 reference statements)

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“…As examined in this report, capital expenditure is a simplified calculation of significant cost drivers in energy storage projects and may provide necessary insights beyond LCOE for a deployment like the one outlined in this report. Installed battery costs are expected to reduce by 45% for the mid scenario cases in 2030 (Cole, 2019). This is also supporting the idea of postponing the capital expenditures to later years in staged deployment Capex models.…”

Section: Key Takeaways From Cost Analysismentioning

confidence: 55%

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Preparing Distribution Utilities for Utility-Scale Storage and Electric Vehicles: A Novel Analytical Framework

Nagarajan

Ghosh

Jain

et al. 2020

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The United States Agency for International Development (USAID) has had a long and fruitful partnership with the Ministry of Power (MOP), Government of India (GOI) through several bilateral initiatives to modernize the energy sector. A key initiative under the U.S-India bilateral engagement is the Greening the Grid (GTG) program under the U.S. government's Asia EDGE (Enhancing Development and Growth through Energy) initiative. This 5-year program supports the GOI in its efforts to manage large-scale integration of renewable energy into the Indian power grid. A primary component of this initiative is the collaboration between the U.S. Department of Energy (DOE) national laboratories India's power system stakeholders, to explore solutions for successfully integrating renewable energy and enabling technologies. These collaborations build robust analytical capabilities within India's institutions through joint research efforts between the DOE laboratories and key actors in India's power sector. In addition to capacity building, the research outcomes will be used by Indian institutions and the global energy community to better prepare for a rapidly changing energy sector. One of the most essential institutions in India's power sector are the distribution utilities. Distribution utilities play a critical role in managing the electric grid, and their ability to evolve with the changing needs of their customers is important to catalyze modernization. Significant changes in the makeup of the demand, including the introduction of electric vehicles (EVs), is likely to take place as India seeks to achieve the ambitious goals set out by the GOI. Utilities will play a large role in enabling this growth by building charging infrastructure and learning to manage the additional demand. Additionally, energy storage has emerged as a new asset that utilities will use for various purposes; but high capital costs matched with limited experience from both utilities and regulators make the decision to invest in this technology challenging. To address these challenges, the National Renewable Energy Laboratory (NREL) partnered with BSES Rajdhani Power Ltd. (BRPL) to analyze the impact that EVs could have on its service territory and to understand the benefits that could be had from installing battery energy storage systems (BESS). NREL and BRPL developed an advanced power distribution system impact analysis framework of BRPL's distribution system to evaluate distributed photo voltaic (PV), BESS, and EVs. BESS are evaluated for their effectiveness on the grid to mitigate present and future feeder overloading scenarios and are analyzed for their costs compared to the costs of traditional upgradation measures. Scenarios include assessing the effects of EV density on grid infrastructure upgrades and interlinking EV management with BESS integration. The report "Preparing Distribution Utilities for Utility-Scale Storage and Electric Vehicles: A Novel Analytical Framework" provides both key insights for BRPL and a framework that will be useful to...

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Section: Key Takeaways From Cost Analysismentioning

confidence: 55%

“…The normalized cost trajectories with the low, mid, and high projections are shown in Figure 69 (Cole, 2019). The high projection follows the highest cost trajectory through 2050 and has a constant slope from 2020-2050.…”

Section: Installed Capital Cost Projectionsmentioning

confidence: 99%

Preparing Distribution Utilities for Utility-Scale Storage and Electric Vehicles: A Novel Analytical Framework

Nagarajan

Ghosh

Jain

et al. 2020

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“…This additional fuel input (to the electrical power input during compression) results in a roundtrip efficiency of 125%. Battery cost and performance assumptions are based on lithium-ion battery systems, with costs taken from Cole and Frazier (2019). Low, mid, and high cost projections are available and will scale with the user-defined battery duration.…”

Section: Storage Technologiesmentioning

confidence: 99%

Regional Energy Deployment System (ReEDS) Model Documentation: Version 2019

Brown

Cole

Newman

et al. 2020

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We gratefully acknowledge the many people whose efforts contributed to this report. The ReEDS modeling and analysis team at the National Renewable Energy Laboratory (NREL) was active in developing and testing the ReEDS model version 2019. We also acknowledge the vast number of current and past NREL employees on and beyond the ReEDS team who have participated in data and model development, testing, and analysis. We are especially grateful to Walter Short who first envisioned and developed the Wind Deployment System (WinDS) and ReEDS models. We thank

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“…However, their limited power ratings, regular replacement, and maintenance cost represent a challenge for the implementation of a long timescale [30,31,32,33]. Other technologies of energy storage have been also reported in the literature such as fuel cells and supercapacitors [33].…”

Section: Introductionmentioning

confidence: 99%

Design and Economics of a PV-based Pumped Hydro Storage Station in Rural Distant Areas in Egypt

Awad

Shoukry

Atalla

et al. 2020

Port-Said Engineering Research Journal

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Although photovoltaic (PV) Energy is a viable solution and clean energy source, it is an intermittent source and certainly needs energy storage, particularly in the case of off-grid applications. Batteries are normally used as the common energy storage, despite all their demerits. This paper presents a preliminary design and cost estimate of a potential candidate for energy storage applications, which is the PV-based Pumped-Hydro Energy Storage (PHES). The proposal is suited for application in rural and distant areas, where the public electric grid is not easily accessible. The basic idea is that the required load demand is fulfilled by PV panels during the day. During the periods of high insolation, the PV panels are also used to pump water to a 31-m height tank. Then, at night or in periods of low insolation the water is allowed to flow downwards operating a hydro generator. Based on the average expected load (irrigation and domestic) of distant locations in Egypt, the PV panels and reversible pumps have been sized together with other system components. A cost estimate has been done to compare batteries and PHES for the average lifetime of the two systems. The cost estimate revealed that the PHES would be economically viable after 23 years of service. The system can be easy to extend to a larger scale by adding more reversible pumps and PV panels.

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Cost Projections for Utility-Scale Battery Storage

Abstract: Department of Energy (DOE) reports produced after 1991 and a growing number of pre-1991 documents are available free via www.OSTI.gov.

Cited by 170 publications

References 6 publications

Preparing Distribution Utilities for Utility-Scale Storage and Electric Vehicles: A Novel Analytical Framework

Preparing Distribution Utilities for Utility-Scale Storage and Electric Vehicles: A Novel Analytical Framework

Regional Energy Deployment System (ReEDS) Model Documentation: Version 2019

Design and Economics of a PV-based Pumped Hydro Storage Station in Rural Distant Areas in Egypt

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