Cost Projections for Utility-Scale Battery Storage: 2023 Update
In this work we describe the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration systems. The projections are
Battery, Fuel Cell, and Super Capacitor are energy storage solutions implemented in electric vehicles, which possess different advantages and disadvantages.
Another alternative energy storage for vehicles are hydrogen FCs, although, hydrogen has a lower energy density compared to batteries.
The comparison between the cost of passenger light-duty vehicles has been evaluated by the IEA (2015), and it is estimated that the cost of FCEVs will be competitive with other current vehicles by 2030 and 2050, as shown in Fig. 12 [ 185 ]. Fig. 12.
Battery storage costs have evolved rapidly over the past several years, necessitating an update to storage cost projections used in long-term planning models and other activities. This work documents the development of these projections, which are based on recent publications of storage costs.
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