Thermal long duration energy storage technologies account for the smallest operating cost among LDES systems. The OPEX of mechanical LDES will decrease from 20 to 13 U.S. dollars per kilowatt-hour electric between 2023 and 2040, approaching that of thermal LDES.
By 2040, thermal technologies are projected to account for the smallest LDES capital cost as well.
Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology
(in U.S. dollars per kilowatt-hour electric)
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LDES Council. (November 8, 2023). Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology (in U.S. dollars per kilowatt-hour electric) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/
LDES Council. "Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology (in U.S. dollars per kilowatt-hour electric)." Chart. November 8, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/
LDES Council. (2023). Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology (in U.S. dollars per kilowatt-hour electric). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/
LDES Council. "Annual Operating Cost of Long Duration Energy Storage Systems Worldwide in 2023 with a Forecast for 2030 and 2040, by Technology (in U.S. Dollars per Kilowatt-hour Electric)." Statista, Statista Inc., 8 Nov 2023, https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/
LDES Council, Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology (in U.S. dollars per kilowatt-hour electric) Statista, https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/ (last visited December 23, 2024)
Annual operating cost of long duration energy storage systems worldwide in 2023 with a forecast for 2030 and 2040, by technology (in U.S. dollars per kilowatt-hour electric) [Graph], LDES Council, November 8, 2023. [Online]. Available: https://www.statista.com/statistics/1463276/long-duration-energy-storage-operating-cost-by-type-worldwide-forecast/
