Which energy storage technologies are included in the 2020 cost and performance assessment?

The 2020 Cost and Performance Assessment provided installed costs for six energy storage technologies: lithium-ion (Li-ion) batteries, lead-acid batteries, vanadium redox flow batteries, pumped storage hydro, compressed-air energy storage, and hydrogen energy storage.

Will additional storage technologies be added?

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).

Is there a boom in energy storage systems?

Although there is good demand for small PV arrays with storage systems, and profits are steadily rising in the segment, this can hardly be called a boom. Even the lower cost of energy storage systems has not helped pick up the pace of sales.

Is solar power suitable for e-mobility?

Particularly systems combining PV with energy storage and/or charging infrastructure for e-mobility enjoyed growing popularity. Many consumers seemed to want to increase their level of self-sufficiency using their own solar power system at a high self-consumption rate.

How much does a small energy system cost in Germany?

Small energy systems in Germany, often equipped with storage technology and energy management, are less price-sensitive. Here, module prices can fluctuate in the region of or above €0.60 per watt. Many products from Germany, Japan, or Korea fall into this price range.

What is the energy storage Grand Challenge?

The U.S. Department of Energy’s (DOE) Energy Storage Grand Challenge is a comprehensive program that seeks to accelerate the development, commercialization, and utilization of next-generation energy storage technologies.