Analyzing the Bounds of Energy Storage Cost to Addressing Intermittency Challenges in Renewable Energy Generation
Published Dec 29, 2023
This uses a breakeven analysis to establish cost targets that energy storage technologies must meet to maintain the economic competitiveness of renewable energy generation. The study's findings underscore that achieving cost parity between fossil fuels and renewable energy, when coupled with battery storage, is likely unattainable by 2050 across most scenarios considered, except under the most optimistic assumptions.
Topics
Document Details
- Copyright: RAND Corporation
- Availability: Web-Only
- Year: 2023
- Pages: 22
- DOI: https://doi.org/10.7249/WRA3116-1
- Document Number: WR-A3116-1
Citation
RAND Style Manual
Chowdhury, Swaptik and Henry H. Willis, Analyzing the Bounds of Energy Storage Cost to Addressing Intermittency Challenges in Renewable Energy Generation, RAND Corporation, WR-A3116-1, 2023. As of July 10, 2026: https://www.rand.org/pubs/working_papers/WRA3116-1.html
Chicago Manual of Style
Chowdhury, Swaptik and Henry H. Willis, Analyzing the Bounds of Energy Storage Cost to Addressing Intermittency Challenges in Renewable Energy Generation. Santa Monica, CA: RAND Corporation, 2023. https://www.rand.org/pubs/working_papers/WRA3116-1.html.
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