Market Report
US utility-scale energy storage pricing report H1 2025
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Report summary
This report analyzes the cost of lithium-ion battery energy storage systems (BESS) within the US utility-scale energy storage segment, providing a 10-year price forecast by both system and 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 NMC811 BESS is provided as a reference within this report. This is a semi-annual report. Pricing dynamics for the European and Asia Pacific utility-scale markets are covered in separate reports.
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