BNEF finds 40% year-on-year drop in BESS costs
BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.
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The present study confirms that by using the micro-grid concept which is a combination of multiple hybrid energy storage can reduce CAPEX and OPEX cost between 9% to 14% as compared to the pure valve-regulated lead-acid battery or VRLA battery 1. INTRODUCTION
However, with the impact of carbon emission on the long term towards the environment, hybrid power system delivers the most energy for 4G/LTE telecom tower. Average annual OPEX savings would be better with hybrid power with the hybrid battery as the main energy storage [10-16].
The contribution would be the initial development of an energy conservation model based on grid availability between 8 hours to 16 hours under the poor grid and bad grid scenarios based on energy-efficient systems such as hybrid energy storage between the lead-acid battery and the lithium-ion battery.
That means costs in 2026 would return back to 2024 levels which could slow down the growth in US energy storage deployments, but the analyst says that even so, BNEF anticipates that the momentum of the country's energy storage industry and growth in deployments would remain strong.
BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.
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