Large-Scale Energy Storage System Price Trends 2017-2022

by Mitalee Gupta

The U.S. energy storage market is just beginning to take off. As the price of large-scale energy storage systems continues to decline, a greater number of systems will be deployed each year. In the future, both battery and BOS costs will shape the price trends of energy storage systems. With the storage market evolving at such a rapid pace, there are several looming questions around the future of specific energy storage system components.

This new brief covers historical system price trends as well as providing forecasts for price trends, system prices, and battery price and BOS costs.

This brief is part of GTM Research's Energy Storage Service. To learn more, please contact


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Mitalee Gupta Analyst, Energy Storage

Mitalee Gupta is an energy storage analyst at GTM Research, where she focuses on supply chain analysis of the global storage market. Prior to joining GTM, Mitalee worked with Utah Clean Energy, on energy storage, electric vehicles and energy efficiency policy and rate design issues in the southwest region. She has also worked with United Nations Development Programme in the past. Mitalee has a Masters of Environmental Management from Yale School of Forestry & Environmental Studies, and pursued her Bachelors in Environmental Engineering from Delhi, India.

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