Technical FAQs 4

Which energy storage technologies are included in the 2020 cost and performance assessment?

The 2020 Cost and Performance Assessment provided installed costs for six energy storage technologies: lithium-ion (Li-ion) batteries, lead-acid batteries, vanadium redox flow batteries, pumped storage hydro, compressed-air energy storage, and hydrogen energy storage.

What is levelized cost of hydrogen storage (LCHS)?

The levelized cost of hydrogen storage (LCHS) can be described as the net present cost of the storage system divided by its cumulative hydrogen storage over the plant's entire lifetime.

Which compressed gas storage technology has the lowest LCHS?

Among the compressed gaseous storage technologies, our analysis demonstrates that salt cavern storage has the lowest LCHS, ∼$0.14/kg of H 2, followed by above-ground storage LCHS, ∼0.33/kg. For salt cavern and above-ground storage, each 10% reduction in the energy demand could decrease the LCHS by around 9% and 3.5%, respectively.

Why is hydrogen storage so expensive?

Because of the CapEx and decommissioning cost of the storage systems as well as the low total amount of hydrogen stored (in comparison with the daily storage cycle, Fig. 2 [D]), long-term/seasonal storage of hydrogen (Fig. 2 [E]) is currently very expensive.

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