The document discusses energy storage systems and their applications. It provides information on:
1) Different types of energy storage systems including mechanical, electrochemical, and thermal systems.
2) Common applications of energy storage including renewable integration, microgrids, and frequency regulation.
3) Experience deploying large battery storage projects globally and the growth of lithium-ion batteries for grid-scale storage.
7. 7
SOLAR AND STORAGE EXPERIENCE CURVES
Note: Prices are in real (2015) USD. ‘Current price’ is $0.4/W
Source: Bloomberg New Energy Finance, Maycock Source: Bloomberg New Energy Finance, Long-Term Electric Vehicle Outlook 2017, August 02, 2017
0.1
1
10
100
1 10 100 1,000 10,000 100,000 1,000,000
1976
1985
2003
2012
Cumulative capacity (MW)
2016
2008
SOLAR PV MODULE COST ($/W)
SOLAR COSTS
HAVE FALLEN
90% since 2009
Learning rate 24.3%