Energy cost of battery energy systems worldwide 2023, by device

Published by Statista Research Department, Nov 10, 2023
The cost of energy for zinc bromine and vanadium batteries, two types of flow batteries, can exceed 1,000 U.S. dollars per kilowatt-hour. By comparison, energy cost for lithium-ion batteries averages 150 U.S. dollars per kilowatt-hour. Sodium-ion batteries account for the smallest energy cost, as well as for the longest lifetime and largest efficiency.

Energy cost of battery energy systems worldwide in 2023, by technology (in U.S. dollars per kilowatt-hour)

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Release date

September 2023

Region

Worldwide

Survey time period

2023

Special properties

*LTO: lithium-titanium-oxide
**NMC: lithium-nickel-manganese-cobalt-oxide
***LFP: lithium-iron-phosphate

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