Parity projects and energy storage

Can alternative storage technologies achieve life cycle cost parity?

Figure 17. Alternative storage technologies can achieve life cycle cost parity with an 8-hour Li-ion technology in 2030 (represented by the black line) with a large combination of possible power- and energy-related capital costs.

Why should you use parity?

“The data analysis by Parity has delivered what we were hoping for. We’ve found Parity to be reliable and straightforward – delivering work in a creative way to meet our objectives, timetable and budget.” Lewisham Council Our housing stock analysis software provides an optimised retrofit plan for each home.

What is a cost parity curve?

Any combination of power- and energy-related costs that results in costs at or below the black line would achieve cost parity. The other curves show breakeven conditions for alternative technology performance, including longer lifetimes and lower round-trip efficiencies.

How does parity projects help Optivo?

Housing stock analysis to… “Parity Projects’ helps Optivo by giving us the big picture needed for strategic decisions and the detail needed to plan and deliver individual projects.” Optivo “The data analysis by Parity has delivered what we were hoping for.

Is it possible to achieve cost parity with Li-ion?

This demonstrates that it is possible to achieve cost parity with Li-ion for longer durations via several pathways. This will likely depend on some combination of longer life and lower energy-related costs, to compensate for potentially higher power-related costs.

Is capital-cost parity the same as life cycle cost parity?

In this example, the alternative technology achieves capital-cost parity at 6 hours, and therefore is the lower (capital) cost option at any durations of 6 hours or longer. However, capital-cost parity is not the same as life cycle cost parity, which is impacted by technology efficiency and service life.