US grid-scale energy storage pricing: H1 2024 Report

Market Report 06 June 2024

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Report summary

This report analyzes the cost of lithium-ion battery energy storage systems (BESS) within the US grid-scale energy storage segment, providing a 10-year price forecast by both system and tier one component. Lithium Iron Phosphate (LFP) batteries are the focus of the report, reflecting the stationary BESS market’s movement away from Nickel Manganese Cobalt (NMC) chemistries. The pricing outlook for NMC 811 BESS is provided as a reference within this report. This report is published annually, with an abridged mid-term pricing report provided between updates. Pricing dynamics for the European and Asia Pacific grid-scale markets are covered in separate reports.