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[Market Research Report] Prices of Grid-Scale Energy Storage in the United States

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This report analyzes the costs of lithium-ion battery energy storage systems (BESS) in the U.S. grid-scale energy storage segment and provides a 10-year price forecast by system type and Tier 1 components. The focus of the report is on lithium iron phosphate (LFP) batteries, reflecting the transition from nickel manganese cobalt (NMC) chemistry in the stationary BESS market. A price outlook for NMC 811 BESS is provided as a reference. It was published as the latest edition of the U.S. grid-scale energy storage price report released in May, as part of a mid-term price report. While all system-level and component-level analyses have been updated, the qualitative analysis of cost drivers is scheduled to be updated in the next annual report.