Battery Cost Calculator
Enter the total battery size (kWh) and the cost per unit of power ($/kWh) into the Calculator. The calculator will evaluate the Battery Cost.
The total cost to the OEM, including pack integration components, is $3,360. For larger levels of production, these costs are even more dominant because the scale factors for these items are close to one. Figure 5.4 Breakdown of unit costs for baseline battery with total price to OEM of $2,600.
Battery Energy Storage Systems (BESS) are becoming essential in the shift towards renewable energy, providing solutions for grid stability, energy management, and power quality. However, understanding the costs associated with BESS is critical for anyone considering this technology, whether for a home, business, or utility scale.
As a reminder, charge costs are what it costs to get useful energy into your battery; if you're charging the battery from the grid then wholesale prices are the other major driver of charge costs.
Factoring in these costs from the beginning ensures there are no unexpected expenses when the battery reaches the end of its useful life. To better understand BESS costs, it's useful to look at the cost per kilowatt-hour (kWh) stored. As of recent data, the average cost of a BESS is approximately $400-$600 per kWh. Here's a simple breakdown:
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