The Grim Details Lurking in Lazard’s Energy Storage Analysis

By [email protected] A detail in Lazard’s latest levelized cost of storage (LCOS) report has highlighted a little-known but potentially major issue for the lithium-ion battery industry.

The financial advisory and asset management firm downgraded its estimates for lithium-ion round-trip efficiency to account for parasitic losses, GTM has discovered.

“As more battery systems are deployed, estimates of actual round-trip efficiencies are lower, and installation costs are higher than expected and than reported in last year’s LCOS 2.0,” according to the Lazard study.

“Consequently, estimates for total ‘Commercial’ use case LCOS rose slightly, despite [a] lower equipment cost estimate,” it states.

Lazard’s two previous LCOS studies

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