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IHS Markit: average cost of lithium-ion battery cell to fall below $100/kWh in 2023

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The average cost of a Li-ion battery cell—used to power electric vehicles and to provide flexibility in the power grid as more renewables, such as solar and wind, are added will fall below $100 per kilowatt hour (kWh) in the next three years, according to a new analysis by IHS Markit.

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CMU researchers find controlled charging of PHEVs can cut cost of integration into electricity system by 54-73%; higher benefits with wind power

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In a new study published in the journal Applied Energy , Carnegie Mellon University (CMU) researchers found that controlled charging of plug-in hybrid electric vehicles (PHEVs) reduces the costs of integrating the vehicles into an electricity system by 54–73% depending on the scenario.

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DOE to award up to $180M for offshore wind demo projects; targeting lowering levelized cost of energy (LCOE) below 10¢/kWh

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DOE is focusing this latest research and demonstration initiative on innovative technologies that will achieve large cost reductions over existing offshore wind technologies. LCOE is the sum of all annual costs divided by the amount of electricity produced per year.). waters in the most rapid and responsible manner possible; and.

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Cornell team develops framework for incorporating wireless charging road system into real-time electricity market

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The simulation study demonstrates that efficient control of the energy storage system not only reduces the energy costs of the entire wireless charging road system but also alleviates the pressure produced by the wireless charging load on the existing power grid.

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Policy Options for Expanding and Modernizing the US Power Grid

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Consolidating public-owned transmission assets could also be considered, as well as distributing the costs of transmission to ratepayers across a broad region to help fund large-scale investments. Real estate investment trust funds (REITs) may be a feasible approach for reducing ownership fragmentation and inducing new investment, Yang finds.

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Japan team evaluates battery-assisted low-cost hydrogen production from solar energy

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Researchers from Japan’s NIMS (National Institute for Materials Science), the University of Tokyo and Hiroshima University have jointly conducted a techno-economic analysis for hydrogen production from photovoltaic power generation (PV) utilizing a battery-assisted electrolyzer. This approximately converts to US$1.92 to US$3.00/kg

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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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Highview Power’s proprietary liquid air energy storage system, called CRYOBattery, relies on low-risk, proven technology, generates zero emissions, has zero water impact and can be delivered at a cost of approximately half of the current cost of traditional lithium-ion batteries.