Levelized cost of storage

Example

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Start with mission energy, peak power and operating conditions.

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Cost per kilowatt-hour

The headline price of cells or packs per unit of nominal energy. Pack prices fell by about 90 % between 2010 and the mid-2020s to roughly 100 US dollars per kWh, with LFP cells in China well below that.

Cycle life

The number of full charge–discharge cycles a cell completes before its capacity falls to a stated fraction, usually 80 %, of its initial value under defined conditions. LFP cells reach several thousand cycles; high-energy NMC fewer.

Energy efficiency

Energy out divided by energy in over a full cycle. It is lower than coulombic efficiency because the charge voltage sits above the discharge voltage; cells reach 95–98 %, and a full storage system 85–92 % after power electronics and cooling.

Stationary storage

Batteries installed in a fixed place — a container at a solar farm, a cabinet in a home — to shift energy in time or support the grid. LFP cells dominate because cost per cycle and safety matter more than mass.

References & further reading

Further reading on this topic

These sources provide broader context; they are not presented as citations for every statement in this entry.

1. DOE/EPRI 2013 Electricity Storage Handbook in Collaboration with NRECA

   Sandia National Laboratories · 2013

   Topic background · Storage technologies and grid services. The publisher notes that its historical cost and deployment figures are outdated.