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As of recent data, the average cost of commercial & industrial battery energy storage systems can range from $400 to $750 per kWh. Here's a breakdown based on technology:. This report is available at no cost from NREL at www. Cole, Wesley, Vignesh Ramasamy, and Merve Turan. Cost Projections for Utility-Scale Battery Storage: 2025 Update. Department of Energy's (DOE) Energy Storage Grand Challenge is a comprehensive program that seeks to accelerate. . This paper presents average values of levelized costs for new generation resources as represented in the National Energy Modeling System (NEMS) for our Annual Energy Outlook 2025 (AEO2025) Reference case. The cost dropped to $141/kWh in 2021 before rising to $151/kWh (in 2022 prices) according to Bloomberg NEF's annual battery price survey. From powering electric vehicles (EVs). .
