The price is the expected installed capital cost of an energy storage system. Because the capital cost of these systems will vary depending on the power (kW) and energy (kWh) rating of the system, a range of system prices is provided. 2. Evolving System Prices
The survey methodology breaks down the cost of an energy storage system into the following categories: storage module, balance of system, power conversion system, energy management system, and the engineering, procurement, and construction costs.
Additional storage technologies will be added as representative cost and performance metrics are verified. The interactive figure below presents results on the total installed ESS cost ranges by technology, year, power capacity (MW), and duration (hr).
Energy storage technologies are used at all levels of the power system. They are priced according to five different power ratings to provide a relevant system comparison and a more precise estimate.
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The price is the expected installed capital cost of an energy storage system. Because the capital cost of these systems will vary depending on the power (kW) and energy (kWh) rating of the system, a
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