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Evidence Gathering: Thermal Energy Storage (TES) Technologies 6.3 Uncertainty around future cost reduction Throughout this project, the future cost reduction potential for different TES technologies has been considered and by seeking views of manufacturers and researchers in the area, an indicative cost trajectory was provided for each technology. Given the relative early stage development of several types of TES, in order to increase the level of confidence in future cost scenarios, it would be necessary to carry out additional research focused specifically on this topic. Table 23 – Review of key cost reduction uncertainties Key Gaps Discussion of gap Future cost trajectories for immature technologies Several technologies are between 5 to 10 years away from mass commercialisation in the UK (e.g. PTES, PCM, THS). Therefore accurate cost trajectories are very difficult to forecast, as unforeseen step change developments may occur, significantly reducing costs. Proven methods and supplementary components Technologies such as TTES, PTES, BTES are unlikely to see significant cost reductions, because much of the supplementary technology / installations techniques are well proven. Examples include: Drilling of boreholes Excavating, lining and insulating for PTES Manufacturing and installing water tanks Further research would be needed to accurately predict cost reductions in these areas, because improvements are not exclusively related to the development and uptake of TES 75PDF Image | Thermal Energy Storage (TES) Technologies
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