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Levelized cost of electricity from battery storage projects worldwide in 2024, with a forecast for 2025 and 2035 (in U.S. dollars per megawatt-hour)

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Release date

February 2025

Region

Worldwide

Survey time period

2024

Special properties

*Forecast. In 2024 U.S. dollars. Refers to battery energy storage projects with a four-hour duration.

Citation formats

Levelized cost of electricity from battery storage worldwide 2024-2035

Published by
Doris Dokua Sasu,
Sep 19, 2025

The levelized cost of electricity (LCOE) generated from battery energy storage projects amounted to *** U.S. dollars per megawatt-hour in 2024. This figure was projected to decrease by over ** percent between 2024 and 2025 and by an additional ** percent between the latter year and 2035. In the next decade, ²¹´Ú´Ú´Ç°ù»å²¹²ú±ô±ðÌýChinese-produced battery components will likely drive the decline of batteries' LCOE, despite the tariffs imposed on Chinese imports in 2025. 

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