This report provides the latest, real-world evidence on the cost of large, long-duration utility-scale Battery Energy Storage System (BESS) projects.
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Tehran: Iran is targeting about $30 billion (Dh110. 19 billion) in investment by offering 70 oil and natural gas projects to international companies as the Arabian Gulf country anticipates the lifting of economic sanctions.
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Complex installations, such as retrofitting older systems, cost more due to extra adjustments. Standard installations range from $1,500–$3,000 but can exceed $5,000 when combined with advanced configurations or custom setups. Geography also plays a role, as labor rates vary by region.
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Project total investment of 2 billion yuan, plans to be implemented in phases: a project will be launched in the first quarter of 2025, leasing plant 15,000 square meters, the construction of 2GWh energy storage equipment production line and 1GWh lithium iron phosphate.
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