QUESTION
What is the average cost to install a 5-megawatt battery energy storage system per site in New York City?
0:51:44
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54 sec
The average cost to install a 5-megawatt battery energy storage system per site is approximately EUR 24,000,000, varying based on site conditions.
- The cost estimation is based on historical data.
- The figure mentioned represents a preliminary cost for a 5-megawatt system.
- The Department of Citywide Administrative Services (DCAS) is currently developing almost 20 megawatts of battery storage capacity and anticipates gaining more experience through this process.
- Actual costs may vary depending on the specific conditions and requirements of each site.
Sandy Nurse
0:51:44
I was gonna I was gonna ask approximately how much does it cost to install a battery energy storage system.
0:51:51
I understand there are probably different variables, but, like, on average on what you're looking to, like, roll out what would you say is about an average cost of a system?
Sanna Barakat
0:52:01
Yeah.
0:52:01
Again, based on our, like, what historical data that we have.
0:52:05
About EUR 24,000,000 is what we're seeing now up to EUR 24,000,000.
Sandy Nurse
0:52:12
Per site.
Sanna Barakat
0:52:12
Per site, and depends on the condition of the site, obviously.
0:52:15
Yeah.
0:52:15
Okay.
Steven Caputo
0:52:16
And that's for that just to further add to that, that's for about a 5 megawatt system.
0:52:20
We have it.
0:52:21
And as we said in as the deputy commissioner said in in her testimony, we don't yet have experience building at that scale.
0:52:29
But that's why, you know, we have about almost 20 megawatts under development now, and we're gonna learn a lot about that now.
Sandy Nurse
0:52:38
Okay.