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Evidence Gathering: Thermal Energy Storage (TES) Technologies achieve cost points of below 75 €/m3. It is important to understand that some of the higher cost projects were realised at an earlier point in time and some cost improvements have been made based on learnings from earlier projects. Additionally, there may be site specific complications or respective hydrogeological conditions that may explain cost deviation of similar systems. Store volume in m3 water equivalent (m3) Cost development of TES Across different TES technologies there are some cost reduction potentials, specifically PCM and THS provide the greatest scope for future cost reduction. Sensible heat storage is unlikely to see major cost reductions Sensible heat storage technologies are principally based on established methodologies and materials. Therefore, it is unlikely that major cost reductions for sensible TES will be realised in the near future. Hot water – very low potential for reduction For hot water cylinders in the residential and small commercial space there is very low cost reduction potential based on the premise that these are established, mass produced products. Large tank systems and interseasonal sensible heat storage – more potential for cost reductions With regards to large tank systems, as well as other large scale interseasonal TES systems (i.e. PTES, BTES, ATES) there may be cost reduction potentials related to scalability (large tanks), material improvements (lining of storage pits) or better drilling methods (boreholes or wells for Figure 2 – The illustration of a number of German and other European interseasonal TES project shows that cost reduction and store volume are clearly correlated (Source: Solites, 2012). 20 Investment cost per m3 water equivalent (€/m3)PDF Image | Thermal Energy Storage (TES) Technologies
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