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Cetegen makes a final point in favour of liquid air energy storage: it’s cheap. Energy storage technologies are often assessed using a metric called the “levelised cost of storage”, which estimates how much each unit of stored energy costs over the lifespan of the project. For liquid air, this can be as low as $45 (£34) per megawatt-hour – compared to $120 (£89) for pumped hydro and $175 (£130) for lithium-ion batteries.
“While none of these storage methods are likely economically viable right now without policy support, liquid air energy storage stands out as a particularly cost-effective option for large-scale storage,” Cotegen says.
Ultimately, Butland expects electricity grids to rely on a mix of storage technologies. Pumped hydro…
