The 400MW/1,600MWh Moss Landing Energy Storage Facility is the world's biggest battery energy storage system (BESS) project so far. The massive energy facility was built at the retired Moss Landing Power Plant site in California, US.
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Bulgaria launched tenders for 1,425MW of renewable energy and 350MW of battery storage in March 2024 and a 3GWh standalone BESS tender in December; Romania committed capex funding support to 2.
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Recent industry analysis reveals that lithium-ion battery storage systems now average €300-400 per kilowatt-hour installed, with projections indicating a further 40% cost reduction by 2030.
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This report analyses the cost of utility-scale lithium-ion battery energy storage systems (BESS) within the Middle East utility-scale energy storage segment, providing a 10 -year price forecast by both system and component.
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