Global: cost utility-scale stationary batteries 2050

The cost of utility-scale stationary batteries is forecast to decrease in the next decades. In 2023, the cost of this kind of battery amounted to 250 U.S. dollars per kilowatt-hour. The Net Zero Emissions 2050 scenario pledges that the cost by 2030 and 2050 will be 165 and 120 dollars per kilowatt-hour, respectively.

Cost of utility-scale stationary batteries worldwide in 2023, with projections for 2030 and 2050, by scenario (in 2023 U.S. dollars per kilowatt-hour)

Characteristic	Stated Policies	Announced Pledges	Net Zero Emissions by 2050
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Release date

October 2024

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Region

Worldwide

Survey time period

2023

Supplementary notes

The source defines each model in the following way:

Stated Policies Scenario: "A scenario which reflects current policy settings based on a sector-by-sector and country-by-country assessment of the energy-related policies that are in place as of the end of August 2024, as well as those that are under development. The scenario also takes into account currently planned manufacturing capacities for clean energy technologies."
Announced Pledges Scenario: "A scenario which assumes that all climate commitments made by governments and industries around the world as of the end of August 2024, including Nationally Determined Contributions (NDCs) and longer-term net zero targets, as well as targets for access to electricity and clean cooking, will be met in full and on time."
Net Zero Emissions by 2050 Scenario: "A scenario which sets out a pathway for the global energy sector to achieve net zero CO₂ emissions by 2050. It does not rely on emissions reductions from outside the energy sector to achieve its goals. Universal access to electricity and clean cooking are achieved by 2030. The scenario was updated with the latest available data in 2024."

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