TASK 41

The economics of energy storage

About Task 41

Task 41 is an international assessment under the IEA Energy Storage Technology Collaboration Programme. Its goal was to evaluate the economic viability of all major energy storage technologies, electrical, thermal and chemical, across the electricity, heating, cooling and mobility sectors, and to translate the value of storage into viable business cases.

The challenge

Energy storage couples sectors and shifts demand to periods when low-cost wind and solar power is available. Understanding when and how storage creates economic value is essential for turning technical benefits into viable business cases.

Project duration

2022 – June 2025

Our role

Aalborg CSP, DTU and PlanEnergi formed the Danish contribution, providing economic evaluations of thermal energy storage technologies, with Danish participation supported by EUDP.

For more information visit: iea-es.org/task-41