Aarhus Universitets segl

Review and Techno-Economic Analysis of Emerging Thermo-Mechanical Energy Storage Technologies

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avisReviewForskningpeer review


Thermo-mechanical energy storage can be a cost-effective solution to provide flexibility and balance highly renewable energy systems. Here, we present a concise review of emerging thermo-mechanical energy storage solutions focusing on their commercial development. Under a unified framework, we review technologies that have proven to work conceptually through project demonstration at a scale above 1 MW by describing the current state of commercial development, quantifying techno-economic parameters, outlining the challenges, and assessing each technology’s potential for commercial viability. The levelized cost of storage for thermo-mechanical energy storage at storage duration between 8 h and 1 week is cheaper than that of lithium-ion batteries and hydrogen storage; however, energy storage for such duration does not pay for itself at the current renewable penetration levels. For medium-term energy storage to be viable, at the realistic storage cost of 15 USD/kWh to 40 USD/kWh, the investment cost for power components should decrease to one-fifth of the current costs. Thermo-mechanical energy storage can be economically viable at the current investment costs in off-grid systems only when the marginal cost of alternative fuel exceeds 100 USD/MWh. We identified the cost ratio (charge power cost/discharge power cost) and the discharge efficiency as the critical technology-related performance parameters. Other external factors such as wind and solar fractions, demand, interconnections, sector coupling, and market structure play an important role in determining the economic feasibility of thermo-mechanical energy storage.

Antal sider28
StatusUdgivet - sep. 2022

Bibliografisk note

Funding Information:
This work is a part of the GridScale project funded by the Danish Energy Agency under the EUDP Program, Grant No. 64020-2120.

Publisher Copyright:
© 2022 by the authors.

Se relationer på Aarhus Universitet Citationsformater

ID: 280152236