Abstract
Pumped hydro storage system is considered to be an economically viable large scale energy storage technology. In addition, it is characterized by a relatively efficient energy storage, low capital cost per energy unit and long lifetime. The current chapter aims at presenting the cost models of large and small pumped hydro storage system. The cost models cover the CAPEX and OPEX. In addition, the levelized cost of storage (LCOS) which refers to the estimation of cost and performance of PHES is carried out in the current chapter. The estimation of LCOS presents an efficient way to investors and governments to make the proper investment decision for PHES implementation.
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