2019
DOI: 10.1016/j.joule.2019.06.012
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Storage Requirements and Costs of Shaping Renewable Energy Toward Grid Decarbonization

Abstract: Solar and wind energy can help to decarbonize electricity production but require other technologies, such as energy storage, to reliably meet demand. We study systems combining intermittent renewables with storage and other technologies and compare their electricity costs to alternatives. We estimate that in highresource regions, with optimal resource mixes, low storage energy capacity costs (<$20/kWh) are necessary for cost-competitive, reliable baseload electricity generation. However, when other technologie… Show more

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Cited by 313 publications
(155 citation statements)
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“…For EVs to reach driving distances beyond 500 km, an energy density of 500 Wh L −1 is needed at the battery-module level (or 750 Wh L −1 at the cell level). 498−500 In addition, commercial LIBs are currently 5−10 times more expensive than the cost target for stationary applications (10−20 USD kWh −1 or lower for cost-competitive energy storage for power grids 501 ).…”
Section: Discussionmentioning
confidence: 99%
“…For EVs to reach driving distances beyond 500 km, an energy density of 500 Wh L −1 is needed at the battery-module level (or 750 Wh L −1 at the cell level). 498−500 In addition, commercial LIBs are currently 5−10 times more expensive than the cost target for stationary applications (10−20 USD kWh −1 or lower for cost-competitive energy storage for power grids 501 ).…”
Section: Discussionmentioning
confidence: 99%
“…For example, Schmidt et al (2017) and Kittner et al (2017) focus on future investment costs of energy storage technologies. Other assessments use the levelized cost of storage (LCOS) metric which quantifies the discounted cost per unit of discharged electricity for a specific energy storage technology and application has been proposed and applied to multiple energy storage cost studies (Battke et al, 2013;Pawel, 2014;Zakeri and Syri, 2015;Jülch, 2016;Lai and McCulloch, 2017;Obi et al, 2017;Schmidt et al, 2019;Ziegler et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
“…Amongst commercially available technologies, redox flow batteries (RFBs) stand out with their inherent technical advantages: long lifetimes, recyclable materials, non-flammable electrolytes, and independent power and capacity scaling. Scale is an important consideration for flow batteries as energy capacity costs can be lower than those of Li-ion for large scale applications [2].…”
Section: Introductionmentioning
confidence: 99%