NREL is a national laboratory of the U.S. Department of Energy Office of Energy Efficiency & Renewable Energy Operated by the Alliance for Sustainable Energy, LLC This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications. Contract No. DE-AC36-08GO28308 Technical Report NREL/TP-6A40-85332 June 2023 Cost Projections for Utility-Scale Battery Storage: 2023 Update Wesley Cole and Akash Karmakar National Renewable Energy Laboratory NREL is a national laboratory of the U.S. Department of Energy Office of Energy Efficiency & Renewable Energy Operated by the Alliance for Sustainable Energy, LLC This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications. Contract No. DE-AC36-08GO28308 National Renewable Energy Laboratory 15013 Denver West Parkway Golden, CO 80401 303-275-3000 • www.nrel.gov Technical Report NREL/TP-6A40-85332 June 2023 Cost Projections for Utility-Scale Battery Storage: 2023 Update Wesley Cole and Akash Karmakar National Renewable Energy Laboratory Suggested Citation Cole, Wesley and Akash Karmakar. 2023. Cost Projections for Utility-Scale Battery Storage: 2023 Update. Golden, CO: National Renewable Energy Laboratory. NREL/TP-6A40-85332. https://www.nrel.gov/docs/fy23osti/85332.pdf. NOTICE This work was authored by the National Renewable Energy Laboratory, operated by Alliance for Sustainable Energy, LLC, for the U.S. Department of Energy (DOE) under Contract No. DE-AC36-08GO28308. Funding provided by U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Strategic Programs, Policy and Analysis Office. The views expressed herein do not necessarily represent the views of the DOE or the U...
