How are power station equipment costs determined?
As described above, power station equipment costs are determined with the method described in Section 4.3. Depending on the type of power station (underground or surface) the total cost of power station equipment is estimated using head height and power plant capacity to reflect economies of scale.
What is pumped storage hydropower (PSH)?
Pumped storage hydropower (PSH) can meet electricity system needs for energy, capacity, and flexibility, and it can play a key role in integrating high shares of variable renewable generation such as wind and solar.
What is the energy storage Grand Challenge?
The U.S. Department of Energy’s (DOE) Energy Storage Grand Challenge is a comprehensive program that seeks to accelerate the development, commercialization, and utilization of next-generation energy storage technologies.
Will additional storage technologies be added?
Additional storage technologies will be added as representative cost and performance metrics are verified. The interactive figure below presents results on the total installed ESS cost ranges by technology, year, power capacity (MW), and duration (hr).
What is PSH generating capacity?
PSH is a mature technology that was deployed widely after the Second World War. Current global installed PSH generating capacity is around 160 GW with about 9,000 gigawatt-hours (GWh) of energy storage (Rogner and Troja ).
What drives the total cost of a PSH system?
The biggest underlying drivers of total cost for large PSH are the power station equipment cost, water conductor cost, and reservoirs, dams, and waterways construction cost. For small PSH systems, the transmission cost is a much more substantive cost component in relative terms.
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