Flow Batteries for Large Scale Energy Storage (2019 Program)

Energy storage is growing in importance, and falling in cost, as solar PV, wind, and other renewables become a greater part of generation, and the grid becomes more sophisticated; batteries are a key type of solution, and flow batteries offer many advantages for large-scale and behind the meter storage. This report examines the global market trends, scenarios and opportunities for battery energy storage systems (BESS) in the next 5-10 years, as well as the current and projected technoeconomics of flow batteries in terms of levelized cost of storage and total investment cost.