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All sourcesNASA NTRSDOE OSTI
DOE OSTI2025

Parametric and Nonparametric Models of U.S. Cost Overruns for Nuclear Power Plants

This study presents new data-driven models to estimate the effect of capacity on the percentage of cost overruns in the United States for nuclear power plant construction projects before and after the Three Mile Island accident. Parametric and nonparametric models have been developed that describe the significant shifts in nuclear energy costs during the dynamic environment. Employing a contemporary descriptive methodology and a quantitative analysis, we furnish a comprehensive overview of the alterations in cost overrun distribution and show the changes observed in other pivotal metrics alongside cost overruns. Our emphasis lies in documenting the fluctuations in cost overruns alongside nuclear reactor capacity levels and the increase of the overnight capital costs to build nuclear reactors. Our results show that increasing the size of nuclear reactors is not a factor statistically significant to decrease the percentage of cost overruns, and the probit model results provide evidence that an increase in size increases the probability of having cost overruns larger than 100% (double the estimated cost). We also compare our findings to two other regions: Asia and Europe.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗
DOE OSTI2025

Future Wind Energy Resources and Cost Uncertainties Across the United States

This dataset contains results estimating projections of change of annual capacity factors and levelized cost of energy for several turbine technologies in the 2024 Annual Technology Baseline (ATB). Projections of change are based on downscaled earth system model (ESM) data from Sup3rCC. There has been evidence of reductions in average wind speeds over land in North America since the 1980s, and several models project that average wind speeds will continue to decrease. Concurrently, the cost of wind energy systems in the United States has been decreasing since around 2010, a trend also projected to continue. There is considerable uncertainty in these future projections, with quantitative estimates of future wind resource and system costs varying widely. To study this, we run land-based wind energy models with a range of possible future system costs, turbine designs, and meteorological inputs from multiple downscaled earth system models over the contiguous United States to estimate critical system performance metrics such as annual energy production (AEP) and levelized cost of energy. Where multiple earth system models agree, changes in mean AEP from the time period 2000-2019 to 2040-2059 can be as high as +10% in South Texas or as low as -20% in Iowa. Several additional states in the Midwest that currently have considerable wind generation capacity show the possibility of substantial decreases in AEP by mid-century. Larger turbines and moderate reductions in system costs can offset even the largest projected decreases in wind resource, but much uncertainty remains in the extent to which wind resources will actually change into the future and to what extent wind energy systems can drive down future costs. An analysis of variance shows, in several states in the Midwest, the uncertainty in future wind resource can be almost as important for future changes in the cost of wind energy as the uncertainty in future system costs.

17 WIND ENERGY↗
DOE OSTI2024

Characteristics of a cost-effective blood test for colorectal cancer screening

Background: Blood-based biomarker tests can potentially change the landscape of colorectal cancer (CRC) screening. We characterize the conditions under which blood test screening would be as effective and cost-effective as annual fecal immunochemical testing or decennial colonoscopy. Methods: We used the 3 Cancer Information and Surveillance Modeling Network–Colon models to compare scenarios of no screening, annual fecal immunochemical testing, decennial colonoscopy, and a blood test meeting Centers for Medicare & Medicaid (CMS) coverage criteria (74% CRC sensitivity and 90% specificity). We varied the sensitivity to detect CRC (74%-92%), advanced adenomas (10%-50%), screening interval (1-3 years), and test cost ($25-$500). Primary outcomes included quality-adjusted life-years (QALY) gained from screening and costs for a US average-risk cohort of individuals aged 45 years. Results: Annual fecal immunochemical testing yielded 125-163 QALY gained per 1000 at a cost of 3811-5384 dollars per person, whereas colonoscopy yielded 132-177 QALY gained at a cost of 5375-7031 dollars per person. A blood test with 92% CRC sensitivity and 50% advanced adenoma sensitivity yielded 117-162 QALY gained if used every 3 years and 133-173 QALY gained if used every year but would not be cost-effective if priced above $$125 per test. If used every 3 years, a $500 blood test only meeting CMS coverage criteria yielded 83-116 QALY gained at a cost of $8559-$9413 per person. Conclusion: Blood tests that only meet CMS coverage requirements should not be recommended to patients who would otherwise undergo screening by colonoscopy or fecal immunochemical testing because of lower benefit. Blood tests need higher advanced adenoma sensitivity (above 40%) and lower costs (below $125) to be cost-effective.

60 APPLIED LIFE SCIENCES↗
DOE OSTI2024

Parabolic Trough Collector Cost Update for Industrial Process Heat In The United States

Despite great potential, the worldwide adoption of concentrating solar thermal (CST) collectors for solar industrial process heat (SIPH) is modest. Industrial process heat (IPH) demands for heat and steam are typically below 300 degrees C, where CST collectors can provide the needed heat. Parabolic trough collectors (PTCs) are the most deployed CST technology for SIPH applications. This paper is focused on the United States, and a summary of known operating parabolic trough plants is shown. A previous analysis of a modern PTC in 2016 found that for SIPH applications, the installed solar field cost could be $200/m2 (2016$). Recent advances in PTC design and manufacturing have led to reduced cost per square meter of aperture area, and for a field of 510 solar collector assemblies (SCAs), the installed cost was $120/m2 (2020$). On one hand, the results from this study showed that the solar field cost for large solar fields (510 SCAs or ~804,000 m2) would increase to $184/m2 (2023$) due to post pandemic inflation and increase in metal prices. On the other hand, medium SIPH sized fields (90 SCAs or ~142,000 m2) cost analysis indicated an installed cost could be $197/m2 (2023$). When small SIPH fields (12 SCAs or ~19,000 m2) are considered, this jumps to $297/m2 (2023$). These are cost estimates for the Installed Cost of the solar fields using the United States 2023$ steel prices. When Chinese steel is used for comparison, the installed cost could be between $162 - $210/m2 for the range of SIPH sizes.

concentrating solar thermal↗
DOE OSTI2024

SMART Task 6: Evaluation of the Costs of Geologic CO2 Storage for the Illinois Basin Decatur Project Site Using the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) Model

This is a presentation featuring an analysis related to SMART Task 6 in which CO2 storage costs are presented. The National Energy Technology Laboratory has developed the NRAP/SMART Technoeconomic and Liability Evaluation for Storage (TALES) model to provide quantitative cost-based insights to support developers planning CO2 injection and storage projects. TALES calculates the revenues, costs, and financial performance of candidate CO2 saline storage project based on site-specific activity costs and financial parameters. TALES is being integrated as a module pertaining to storage cost as part of the broader SMART Visualization and Decision Support Platform (SVDSP). In this study, the TALES model was applied using real activity cost data associated with the development and operations at the Illinois Basin Decatur Project (IBDP) CO2 storage project site. Scenario analysis was implemented in which crucial operational and cost attributes were varied and the associated cost implications observed. Key results data and project cost summary metrics like first-year breakeven price of CO2 ($/tonne) and net present value (NPV) are presented in similar fashion to how they will appear in the SVDSP.

Vikara, Derek↗
DOE OSTI2025

A Bottom-Up Cost Estimation Tool for Nuclear Microreactors

The rising interest in nuclear microreactors has highlighted the need for comprehensive technoeconomic assessments. However, the scarcity of publicly available designs and cost data has posed significant challenges. To address this issue, the Microreactor Optimization Using Simulation and Economics (MOUSE) tool is developed. MOUSE is a tool that integrates nuclear microreactor design with reactor economics. The design calculations encompass core simulations using the OpenMC Monte Carlo Particle Transport Code [romano2015], along with simplified balance of plant calculations. On the economic side, MOUSE provides detailed bottom-up cost estimates, calculating both the total capital cost and the levelized cost of energy for first-of-a-kind and nth-of-a-kind microreactors. The cost estimation correlations are developed using data from the MARVEL project and additional literature sources. MOUSE has released as an open-source tool on GitHub (MOUSE Tool). By combining design calculations with cost equations, MOUSE enables users to evaluate the impact of various technological consideration, advanced moderators, design changes, material/fuel changes, and geometry modifications—as well as economic parameters like interest rates and construction duration. This comprehensive framework can guide stakeholders towards technological solutions that enhance microreactor competitiveness. Additionally, powered by the WATTS toolkit [romano2022], MOUSE supports optimization studies, parametric analyses, and uncertainty calculations/propagation. Currently, preconceptual designs of three microreactor types are included in MOUSE: a liquid metal thermal microreactor (LTMR), gas cooled TRISO-fueled microreactor (GCMR) and heat-pipe TRISO fueled microreactor (HPMR). To showcase its ability, MOUSE was used to conduct detailed bottom-up cost estimates for the first of a kind (FOAK) and Nth of a kind (NOAK) of the following microreactors • A 20MWt LTMR that is built on the ongoing MARVEL demonstration at Idaho National Laboratory (INL) • A 15 MWt GCMR that was designed to be more representative of the typical commercial microreactor • A 7 MWt HPMR that was built on previous work (Choi 2024) The The reader should note that these three designs and corresponding cost estimates are examples to demonstrate the MOUSE capability. The designs are pre-conceptual, the reactor designs were not optimized, and the cost estimates were developed with incomplete information. Additionally, stakeholders might be interested in a variety of designs that may differ from the examples provided in this report. The MOUSE tool can also be used to study how design choices affect economics. To demonstrate its capability, MOUSE was used conduct parametric studies such as examining the economic impact of the reflector's material and thickness, the moderator's booster material and dimensions, fuel composition and enrichment, core size, and power level. Several insights were gained from these parametric studies.

Hanna, Botros↗
DOE OSTI2026

Cost estimation of balance of plant equipment scale up for proton exchange membrane water electrolyzer systems

Water electrolyzers that use electricity to split water into hydrogen and oxygen could be a key technology for increasing hydrogen supply to meet expanded and emerging market applications, although currently the capital costs of these electrolyzers are high. Here we examine cost reductions that might be achieved by scaling up proton exchange membrane (PEM) electrolyzer systems and leveraging economies of scale through balance of plant (BOP) components for system sizes between 1 MW and 1 GW. We estimate BOP equipment capital costs of about $\$$848/kW at 1 MW, potentially decreasing to $\$$87/kW at 1 GW (2022-dollar year basis) with most of the cost reduction happening as systems scale from 1 MW to 100 MW. We find that BOP subsystems hydrogen drying and water knockout benefited the most from economies-of-scale cost reductions, and piping, instrumentation, and housing and power electronics were less impacted. These cost reductions from economies of scale could be more significant than estimated cost reductions from manufacturing scale-up reported in literature. These results add to the knowledge base that could guide optimal system designs that balance process scale-up with plant modularization and numbering-up. We also estimate that scaling up BOP could potentially lower the levelized cost of hydrogen (LCOH) by $\$$1.7-$\$$4.6/kg, depending on the scale-up magnitude and the plant capacity factor.

08 HYDROGEN↗
DOE OSTI2024

Reducing the cost of home energy upgrades in the US: An industry survey

Decarbonizing the US residential building stock requires a substantial acceleration in home energy upgrades. Numerous barriers exist to accelerating adoption of efficient and electric building technologies, but foremost among these is high upfront costs. This study uses an industry survey delivered to a sample of home energy professionals to examine promising cost reduction strategies across a range of project types, including HVAC, water heating, and envelope/insulation projects. The survey included quantitative and qualitative questions to collect evidence on the estimated cost reduction potential of these strategies and their likelihood of use in the construction industry. The 167 survey respondents included contractors, energy consultants, architects, manufacturers, and others with experience in delivering energy upgrades in single-family and multifamily buildings in the US. Results show that significant cost reductions are achievable by minimizing additional infrastructure costs (such as replacing electric panels), streamlining project planning/management, and deploying innovations that simplify installation. We find that for a typical deep retrofit project, including heat pumps for space and water heating in addition to envelope upgrades, the strategies could result in a total installed cost reduction of nearly 50%, dramatically improving the customer economics of such a project. This research makes a novel contribution to the literature on strategies to reduce the costs of residential retrofits. We discuss how our study's insights on the highest-value cost reduction strategies for home energy upgrades can further accelerate their uptake in the US housing stock.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2026

Lessons Learned for Transmission Cost Allocation in U.S. Regional Markets

Expanding electric transmission can facilitate generator interconnection and improve grid reliability. Assigning costs for new transmission infrastructure is highly contentious because these costs can have a direct impact on energy prices and ratepayer bills. In this report, we evaluate what factors influence successful transmission cost allocation agreements. Through a review of legal disputes, existing cost allocation practices, and regional case studies, we identify potential strategies to minimize cost allocation disputes for future projects. The report also highlights the processes by which regions can update their cost allocation methods. While we do not consider cost allocation methods currently under development for compliance with FERC Order 1920, the trends and lessons learned identified in this report can inform discussions on effective cost allocation methods to reduce barriers for transmission development.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2026

Solar Photovoltaics Resilient Fasteners Levelized Cost of Energy (LCOE) Tool

Solar photovoltaics (PV) module fasteners are one of the most common structural failure points on PV systems, particularly in high winds and coastal areas with ocean spray. Some fastener types have been shown to survive these conditions at higher rates than others. The fastener type, material, quantity, and placement all impact performance. Fasteners that fail less often typically have a higher upfront cost, but this investment can pay off in savings from less frequent torque audits (which reduces O&M costs), reduced system damage, and decreased system downtime. We developed an Excel-based tool to evaluate different module fasteners for a PV system - either a new or retrofit project - and compare differences in upfront and outyear costs to determine the expected life cycle costs and simple payback periods of different fastener options. The tool is site-specific, with inputs including system attributes (such as system size, location, price of power) and fastener attributes (such as design, washer type, nut type, use of locking hardware, materials, installation time, and torque audit requirements). A baseline fastener scenario can be compared to up to four proposed fastener scenarios. In addition to presenting expected life cycle cost implications of the different fastener options, the tool produces results showing the reductions in outyear costs needed to offset any initial cost premiums for more reliable fasteners across four categories: preventative O&M, avoided damage, reduced downtime, and reduced insurance premiums. These numbers can serve as decision aids for users when considering fastener options on new or existing projects. This poster will present the tool, methodology, and scenarios using example sites to highlight the tool capabilities and how it can inform different fastener decisions on different projects. Future work includes incorporating lifetime expected damage costs by embedding damage function curves that the authors are developing from field data.

14 SOLAR ENERGY↗
DOE OSTI2025

Cultivating clarity: understanding the impact of land cost assumptions on biofuel viability

The transition to sustainable energy has increased interest in biofuel production to reduce greenhouse gas emissions, decrease reliance on imported oil, and ensure energy resilience. Here, this study examines the often-overlooked impact of land cost assumptions on the economic viability of biofuel production. Using a discounted cash flow techno-economic framework, we evaluated three land cost scenarios—no land costs, land rental costs, and land purchase costs—across six bioenergy feedstocks (corn, soybeans, switchgrass, miscanthus, poplar, and microalgae) and three biofuel products (corn ethanol, soybean biodiesel, and sustainable aviation fuel) at the county level for the contiguous United States. The analysis reveals substantial variation in minimum fuel selling prices due to these scenarios. High-yield crops like algae showed low sensitivity to land costs, while low-yield crops such as soybeans were highly sensitive. Geographical differences were significant, with minimum fuel selling price increases most pronounced in high-value land regions like the Corn Belt. Case studies further illustrate the influence of local productivity and land costs on economic outcomes across the United States. These findings emphasize the importance of maintaining consistent land cost assumptions in biofuel economic assessments. By quantifying the interplay between land value, crop productivity, and economic feasibility, this study provides essential insights for policymakers and stakeholders to advance sustainable energy solutions.

09 BIOMASS FUELS↗
DOE OSTI2026

Process-level cost analysis of hybrid manufacturing pathways for aerospace structural components

Hybrid manufacturing is a promising route for producing complex aerospace components, yet systematic cost benchmarking across multiple additive-subtractive pathways remains limited. This study presents a comprehensive process-based cost analysis of seven hybrid manufacturing routes, including laser powder bed fusion (L-PBF), powder- and wire-directed energy deposition (DED), wire arc additive manufacturing (WAAM), additive friction stir deposition (AFSD), metal binder jetting (MBJ), and agility forging, followed by scanning and finish machining. Parametric cost models incorporating direct material, labor, and energy costs were developed. L-PBF results are discussed in detail for a pickle fork component and directly compared with commercial pricing. Across all hybrid routes, labor emerged as the dominant cost driver, contributing more than 70% of total manufacturing cost in some cases. AFSD exhibited the lowest cost for aluminum components, with MBJ being its 316 L stainless steel counterpart, after accounting for geometric scaling. Benchmarking against industrial quotes suggests that hybrid manufacturing can achieve cost levels comparable to those of commercial services, although labor-intensive processes exhibit greater deviation. The analysis highlights automation of material handling, setup, and supervision as key opportunities for improving economic competitiveness. Overall, the proposed framework provides a quantitative basis for evaluating and optimizing hybrid manufacturing pathways for aerospace applications.

Baruah, Sweta [ORNL] (ORCID:0009000174256207)↗
DOE OSTI2026

Bounding the costs of electric vehicle managed charging—supply curves for scenarios from 2025 to 2050

As electric vehicle (EV) adoption increases, the resulting EV battery charging will increase demand on the electric power grid. Through EV managed charging (EVMC) programs, charging can be shifted in time to support electric grid reliability and reduce electricity costs. EVMC can offer an alternative to additional supply-side generation, but the costs of EVMC implementation must be understood to evaluate the cost-benefits of EVMC. This paper presents bottom-up, forward-looking (from 2025 through 2050) estimates of the incremental costs associated with different EVMC dispatch mechanisms available to electric utilities. The costs of enabling EVMC for a range of customer participation levels are presented in the form of supply curves, which provide per-EV costs for a targeted level of participation. The largest drivers of cost variation are assumptions about future charging flexibility paradigms described in four scenarios. These supply curves can be used to quantify the expected costs of EVMC programs and enable comparison with supply-side or other demand flexibility alternatives.

25 ENERGY STORAGE↗
DOE OSTI2026

A System-Level Cost Modeling Framework for Design for Remanufacturing: A Case Study of an Agricultural Machine Transmission

Remanufacturing offers significant environmental and economic benefits by restoring end-of-life products to as-new conditions. Although extensive research has been conducted on the topic, the adoption of remanufacturing practices remains limited across various industries. A primary barrier to broader implementation is the substantial upfront investment required, which necessitates reliable cost modeling to justify potential future savings. Most existing models treat components independently and ignore inter-component dependencies. We develop a probabilistic, system-level cost modeling framework that integrates reliability, reusability, and a dependency matrix to capture cascading effects across components over multiple life cycles. Our model identifies those critical components that maximize remanufacturing benefits across a product's many lives. A toy example and an industry case study (John Deere PowrQuad transmission subassembly) illustrate how design alternatives affect cumulative cost. Using a Monte Carlo simulation (MCS) to perform life cycle cost analysis on the system with different design changes, we show the normalized average cost savings after three remanufacturing cycles. Accounting for dependencies meaningfully alters cost projections and ignoring them underestimates accumulated cost by up to 20% in our examples. Furthermore, the results of our study confirm that accounting for component interdependencies is necessary to produce cost estimates that meet industry standards.

Life Cycle Analysis and Design↗
DOE OSTI2026

FLOW BATTERY COST AND COMMERCIALIZATION TOOL (FlowBaCC) v.1.0

The Flow Battery Cost and Commercialization Tool (FlowBaCC) is a python-based framework used to project the costs and commercialization timelines for redox flow batteries. FlowBaCC combines learning curves for component costs and performance with adoption curves for market diffusion to project future system costs. The tool uses the bottom-up, spreadsheet-based Battery Performance and Cost Model for Flow Batteries (BatPaC-Flow) as the engine to translate learning curve inputs into full system costs. FlowBaCC provides capital costs and levelized costs of energy storage. The tool enables scenario analysis, sensitivity analysis, and uncertainty quantification (via grid and Monte Carlo methods).

Fu, Xiaoxu [Argonne National Laboratory (ANL), Arg↗
DOE OSTI2026

Understanding the Costs and Barriers of Residential Electrical Panel and Service Upgrades

Upgrading electrical panels and services in U.S. homes represents a significant barrier to building modernization, imposing considerable costs, delays, and procedural uncertainties on homeowners, contractors, utilities, and building departments. Although cost databases document individual infrastructure activities, they rarely capture the integrated, whole-project perspective required to understand how electrical upgrades are planned, executed, and regulated. Existing research is often geographically constrained, narrowly scoped, or derived from limited samples, leaving significant knowledge gaps unaddressed. This study examines the timelines and costs associated with residential electrical panel and service upgrades using data from a national cross- sectional survey conducted in summer 2025. The survey captured responses from 140 stakeholders across 34 states, including building industry professionals, utility staff, and building department staff. Findings indicate that project duration and cost increase substantially with building size though patterns vary by infrastructure type. Most single-family and small multifamily projects were completed within 30 days, whereas medium and large multifamily buildings show longer and less predictable timelines. Service rating increases modestly extend project duration, but building type and size were the primary determinants of delays. Cost patterns were similar: customer-side equipment and panel replacements scale predictably with building size, while utility-side costs are highly variable, often triggered by threshold-driven infrastructure upgrades such as transformer replacements. Permit fees vary considerably between jurisdictions but generally represent a minor proportion of total project costs. These findings identify electrical upgrades as a significant barrier to residential building costs and highlight the need for improved stakeholder coordination, streamlined permitting, and strategies that reduce upgrade requirements while maintaining safety and code compliance.

Casquero-Modrego, Nuria↗
DOE OSTI2025

Low-Cost Sulfur Thermal Storage for Solar Industrial Process Heat Applications

Industrial process heat (IPH) is one of the largest energy demands in U.S., representing about 10% of all domestic energy consumption. Fuel costs to generate this industrial process heat are generally a top three cost for industry, a major component in American manufacturing competitiveness. Roughly 60% of US IPH demand (about 6,500 TBtu annually) falls in the medium-temperature range of 100–250 °C. While concentrated solar thermal (CST) technologies can provide a cost-effective source of heat in this temperature range, solar intermittency limits their adoption in industries that operate 24/7. Element 16 Technologies, Inc. developed a low-cost sulfur thermal energy storage (TES) technology to bridge this gap by capturing excess solar heat during the day and dispatching it reliably during non-solar hours. The core innovation is the use of sulfur, an abundant, industrial waste byproduct that costs ten times less than molten salt used in commercial TES systems. The overall goal of the project was to advance the design and development of molten sulfur TES to a manufacturing-relevant prototype stage for solar industrial process heat applications, while establishing and validating a realistic pathway to commercial success. Key tasks included corrosion and mechanical durability testing to identify cost-effective materials, design investigations using physics-based simulation tools, techno-economic evaluations of system lifetime costs, and pilot-scale testing for performance verification. Corrosion testing of steel alloys under cyclic molten sulfur conditions showed that austenitic stainless steels in the 300 series performed particularly well, with no structural degradation of welds or joints. Thermal cyclic testing of pilot sulfur TES units up to 1.5 MWh quantified charge/discharge rates, heat losses, round-trip efficiency and validated the system's capability to operate effectively under intermittent charging conditions. A techno-economic model, informed by sulfur TES performance model validated using pilot test data, showed that hybrid solar+sulfur TES+NG boiler systems are economically competitive with incumbent natural gas boilers for multiple locations in the southwest US. In summary, this project established molten sulfur TES as a technically viable pathway to improve economic competitiveness of American manufacturing by lowering the cost of solar industrial process heat.

14 SOLAR ENERGY↗
DOE OSTI2026

Gravity Well Commercial Economics Assessment: Potential Revenue and Cost: Cooperative Research and Development (Final Report)

In the Gravity Well Revenue Study, we evaluate the potential revenue from energy storage using historical energy-only electricity prices, forward-looking projections of hourly electricity prices, and actual reported revenue. This analysis examines the impact of storage duration and round-trip efficiency, as well as the location of the storage, on storage revenue within the current and projected U.S. power system. We also investigated the impact of round-trip efficiency on storage revenue. We found that the relationship between storage revenue and round-trip efficiency is nonlinear. The value of improved round-trip efficiency declines as round-trip efficiency increases. In the Gravity Well Future Cost Study, we applied learning curves to predict the future cost trajectory of Gravity Wells (GrWs). Two types of analysis were implemented. The first was a bottom-up analysis that used historical learning rates for cost components, such as motors and gearboxes, and cost categories (e.g., engineering and design, etc.) to determine the learning-by-doing based single-factor learning curve. The single factor learning curve expresses the relationship between the cost of GrW and the number of units deployed (or the cumulative capacity). In the second analysis, we predicted future GrW costs via a top-down approach. This approach accounts for historical cost trends in other renewable energy and storage technologies, which have similarities with GrWs. Using a multifactor learning curve that accounts for both intrinsic (cumulative capacity) and extrinsic (the elasticity in the price of steel) factors, we estimated the future cost of GrWs.

25 ENERGY STORAGE↗