Pumped Hydro With Better Financing Can Compete With Batteries

Lazard’s well-known Levelized Cost of Storage analysis does not cover pumped hydro storage, and a pumped hydro cost estimate from the National Renewable Energy Laboratory is not expected until late this year, as a follow-up to an interim report. Beating them to the punch is a report by UC San Diego professor David Victor and five co-authors, Pumped Energy Storage: Vital to California’s Renewable Energy Future. The report provides the following cost comparison between pumped hydro and battery storage: