Energy storage: Beyond the price of batteries
April 25, 2016 | By
Barbara Vergetis Lundin
The cost of energy storage goes beyond the price of batteries, which may only account for one-fourth to one-half of total project cost. In fact, there are more than 150 items to consider, such as shipping, warranties, installation, and insurance.
A new interactive spreadsheet to help utility buyers and
sellers of energy storage systems understand and clearly define
the total cost of ownership of these technologies has been made
available by the Electric Power Research Institute (EPRI). "Energy storage is an important resource for optimizing the grid of the future," said Ben Kaun, manager of ESIC at EPRI. "This tool will provide accurate and transparent costs associated with utility-scale storage on the front end of the process so that there's no buyer's remorse on the back end." For more:
NOTE: They are referring only to those on Grid systems, with utility companies being a stakeholder. © 2016 FierceMarkets, a division of Questex, LLC. All rights reserved. http://www.smartgridnews.com/story/energy-storage-beyond-price-batteries/2016-04-25 |