Costs of thermal energy storage are estimated at 13.5 c/kWh-th for a 10% IRR of $350/kWh capex, with a lost case below 5-10 c/kWh.
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In our base case, the cost of thermal energy storage requires a storage spread of 13.5 c/kWh for a 10MW-scale molten salt system to achieve a 10% IRR, off of $350/kWh of capex costs. Costs are sensitive to capex, utilization rates, opex, electricity prices and round trip losses. The sensitivities can be stress tested in the data-file.
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costs. Assumes an exchange rate of 84 INR 1 USD.These storage costs imply that Indian developers are accessing battery packs at prices below $80/kWh and the total storage capex has fallen below $120/kWh for co-located projects with solar and $140/kWh for standalone pr
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