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Utility-scale systems now cost $400-600/kWh, making them viable alternatives to traditional peaking power plants, while residential systems at $800-1,200/kWh enable homeowners to achieve meaningful electricity bill savings through demand charge reduction and time-of-use optimization. . This subprogram aims to accelerate the development and optimization of next-generation thermal energy storage (TES) innovations that enable resilient, flexible, affordable, healthy, and comfortable buildings and a reliable and flexible energy system and supply. . Battery Storage Costs Have Reached Economic Viability Across All Market Segments: With lithium-ion battery pack prices falling to a record low of $115 per kWh in 2024—an 82% decline over the past decade—energy storage has crossed the threshold of economic competitiveness. Thermal Energy Grid Storage (TEGS) is a low-cost (cost per energy <$20/kWh), long-duration, grid-scale energy storage technology which can enable electricity decarbonization through greater penetration of. . A: There is a lack of awareness around the true value of thermal energy storage to reduce energy costs and reduce carbon emissions. 1) Many people do not understand the significant variations throughout the day for local electricity costs and carbon emissions. The flexibility that thermal energy. .
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