Calculation of the Levelized Cost of Storage Hybrid Energy Storage System (HYBRIS case)
The HYBRIS project (Grant Agreement No 963652) announced in November 2021 a public article sharing the results of the Levelized Cost of Storage (LCOS) analysis of the Hybrid Energy Storage System (HESS) developed within the project, joining two leading technologies from the battery manufacturers TOSHIBA and KEMIWATT. The report, developed by LOMARTOV’s team, preliminarily proves the economic competitiveness of the innovative energy storage system, compared to conventional solutions.
HYBRIS is an integrated, 3-years industrially driven action (financed under the European Union’s Horizon 2020 research and innovation programme) that brings together 15 partners from 6 European countries. The project aims to develop a novel battery combination of high power and fast response performant lithium-ion battery, based on lithium-titanate-oxide (LTO), and an Aqueous Organic Redox Flow battery (ORFB), free of metals, as an environmentally friendly solution to be the energy supplier workhorse of this hybrid configuration.
Within the project, LOMARTOV is responsible for guiding the design of the battery at the very early stage of the development, according to the safety, recyclability and potential environmental and economic impacts of its materials and processes. The final hybrid prototype will be therefore analysed through a full Environmental and Economic Life Cycle Assessment (LCA-LCC).
The report (project deliverable D1.6) describes a detailed comparative analysis of the LCOS of both technologies integrated in the HYBRIS hybrid system, to provide a preliminary view of the project feasibility under different scenarios, showing a significant efficiency and cost competitiveness of the HYBRIS prototype, especially when relying completely on photovoltaic (PV) generation. The recently published article summarises the main fundings of the analysis, also covering the description of the three pilot sites where the HESS prototypes will be implemented (in Italy, the Netherlands, and Belgium), especially according to the on-site charging costs and PV generation capacity of each pilot.
Along with the final results of the analysis, the project team has highlighted the importance of verifying and validating the LCOS results in a live environment application after the pilot sites facilities will be established and ready to operate. The results of these validations will be available as the project progresses in its developments, and thanks to the progress made to date.
Read a full article here .
For more detailed information on the specific results download the LCOS analysis of HYBRIS project here .