The cost of liquid air energy storage (LAES) is notably lower compared to lithium-ion batteries. Recent research suggests that LAES systems can have a levelized cost of storage (LCOS) of about $60 per megawatt-hour (MWh). In contrast, lithium-ion batteries typically have an LCOS that is roughly three times higher than LAES, making them significantly more expensive for large-scale energy storage applications.
Cost Comparison:
- Liquid Air Energy Storage (LAES): Approximately $60 per MWh.
- Lithium-ion Batteries: Roughly $180 per MWh (three times that of LAES).
LAES offers a cost-effective solution by leveraging excess electricity to liquefy air, which is then stored and used to generate electricity when needed. This process makes it an attractive option for grid-scale energy storage compared to traditional battery technologies.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-the-cost-of-liquid-air-energy-storage-compare-to-lithium-ion-batteries/
