Lazard releases annual levelized cost of energy and levelized cost of storage analyses

NEW YORK, November 8, 2018 – Lazard Ltd (NYSE: LAZ) has released its annual in-depth studies comparing the costs of energy from various generation technologies and of energy storage technologies for different applications.

Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 12.0) shows that, in some scenarios outlined below, alternative energy costs have decreased to the point that they are now at or below the marginal cost of conventional generation. Lazard’s latest annual Levelized Cost of Storage Analysis (LCOS 4.0) shows significant cost declines across most use cases and technologies, especially for shorter duration applications.

“Although diversified energy resources are still required for a modern grid, we have reached an inflection point where, in some cases, it is more cost effective to build and operate new alternative energy projects than to maintain existing conventional generation plants” said George Bilicic, Vice Chairman and Global Head of Lazard’s Power, Energy & Infrastructure Group. “As alternative energy costs continue to decline, storage remains the key to solving the problem of intermittency and we are beginning to see a clearer path forward for economic viability in storage technologies.”

For more information, download the full press release.