How much does the energy storage system cost?
The energy storage system is a 4MW, 32MWh NaS battery consisting of 80 modules, each weighing 3 600 kg. The total cost of the battery system was USD 25 million and included USD 10 million for construction of the building to house the batteries (built by Burns & McDonnell) and the new substation at Alamito Creek.
How long does an energy storage system last?
The 2020 Cost and Performance Assessment analyzed energy storage systems from 2 to 10 hours. The 2022 Cost and Performance Assessment analyzes storage system at additional 24- and 100-hour durations.
What is the cost of a power station?
Note: $89.99 is the price of the Marbero 83WH power station. However, its price per watt-hour cost is $1.08, which might be more expensive than some high-priced power stations in the market.
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).
How much does a battery project cost?
68% of battery project costs range between £400k/MW and £700k/MW. When exclusively considering two-hour sites the median of battery project costs are £650k/MW. To continue reading this article you need either a Benchmarking Pro ERCOT, Benchmarking Pro GB, GB BESS Outlook, Forecast Pro ERCOT Research or Australia Research (NEM) subscription
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