-- snip --
From the Nice pilot, ERDF has learned that battery storage in Europe costs 500 to 1,000 euros per kilowatt/hour (KWh), with an extra 30 percent for installation and the inverters that turn direct current solar power into the alternate current used on the grid, an ERDF official said.
At that level, battery storage would already be economically viable in certain parts of Germany and Denmark, where renewable energy use is most advanced and where retail power rates, at around 30 eurocents per kilowatt/hour (KWh), are among the highest in Europe, according to Eurostat data.
But that is not the case for France, where residential power rates are around 17 cents per KWh, and most of Europe, where power averages about 21 cents.
"Economical feasibility is usually not a given in most of mainland Europe's grids," acknowledged Michael Lippert, head of Saft's new energy storage unit.
Some analysts expect the tipping point for batteries in Europe could come around 2020. The ERDF official said it is hard to forecast by how much more the cost of batteries would have to fall to become viable for grid storage. "That is one thing we will have to evaluate at the end of the Nice pilot," he said.
-- snip --
Comment