How cheap is battery storage? | Ember

Calculator: Levelised cost of storage (LCOS)

Measure the cost of storing a unit of electricity in USD per Megawatt-hour ($/MWh) based on six main parameters

Context

This calculator tool is part of a wider analysis published on 11, December 2025. Read the full analysis below.

Analysis - How cheap is battery storage?

Methodology

Summary

The LCOS reflects the cost of shifting one MWh to another time, such as moving daytime solar to night-time. Therefore, we do not include the cost of electricity to charge the battery. Other LCOS definitions, such as Lazard’s, reflect the cost of discharging one MWh of electricity and do include the cost of charging the battery. It includes six assumption parameters that translate the capital expenditure (CAPEX) into the LCOS. Further details can be found in the full analysis.

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