THE REAL COST OF ENERGY STORAGE
How much does energy storage really cost?
David Labrador, February 10, 2016 (GreenBiz)
“Energy storage is often hailed as a game changer for renewable energy reliability…[Financial advisory firm Lazard’s] inaugural Levelized Cost of Storage Analysis (LCOS)…is a major sign that it considers battery energy storage a critical technology that’s here to stay…[The LCOS and the Rocky Mountain Institute (RMI) Economics of Battery Energy Storage show] battery economics are usually evaluated on the basis of single-use cases; stacking multiple uses greatly can enhance battery economics; and evaluating those economics gets difficult quickly…[Batteries are] either generation or load depending on whether they’re discharging or charging. So the favorable finances of storage can use all the clarity and all the study they can get…Both reports find that the age of the battery is here, largely because costs have dropped so far, so fast…Lazard’s analysis also predicted significant cost declines over the next five years…[The] industry is focused on opening up new revenue streams and moving toward customer-sited and customer-focused services, such as demand charge management or solar-plus-storage solutions…" click here for more