Contact us about costs
IRENA IRENA
Energy Storage Europe 2017
Energy Storage Europe 2017

Wednesday, March 15, 2017  Dusseldorf, Germany

Battery storage is set to play multiple roles in the energy transition. Today it is already an integral part of off-grid solutions which are now the economic source for off-grid electrification either in solar home systems or mini-grids.

The International Renewable Energy Agency (IRENA) is in the process of completing a report “Battery electricity storage costs and market outlook to 2030” that provides an overview of current and emerging electricity storage technologies (with a focus on battery storage), their costs and performance, as well as the cost reduction potential to 2030 and the market outlook for battery storage.

The Agenda of the event is available here

Michael Taylor, Senior Analyst, IRENA, presented on the energy transition and the role of storage in this process. 

Eun young So, Programme Office, IRENA, presented an overview of battery storage cost reduction potentials and market outlook to 2030.

Kai-Philipp Kairies, Head of Department, RWTH Aachen University, presented on battery storage technology improvements and cost reductions to 2030. 

Harald Diaz Bone, Storage market Analyst, Agora Energiewende, presented on the policy implications of the cost reductions in battery storage. 

 

 

Advanced biofuels to be competitive with fossil fuels by 2020.       Solar PV module prices of around USD 0.75/Watt makes PV the economic solution for 1.3 billion people.       Electric vehicle battery packs to fall 40% to 55% by 2020 to cost USD 300-400/kWh in 2020.       Some of today's first-of-a-kind commercial plug-in hybrid and battery electric vehicles are economic today.       Road transport accounted for 76% of total transport demand in 2010.       Biodiesel consumption grew 42% per year between 2000-2010.       Feedstock costs account for 60-80% of total conventional ethanol production costs.       The levelised cost of electricity of wind, solar PV, CSP and biomass is declining.       Electricity from hydropower, geothermal and biomass where good resources remain are the cheapest way to generate electricity.       Renewables are increasingly the most economic solution for new grid connected capacity.       Wind turbine prices have been declining since 2009.       Renewables are becoming the economic choice for off-grid and mini-grids.       Wind turbine prices in China in 2012 were USD 620/kW.       The installed cost of wind is typically lower than coal-fired power plants in OECD countries.