Lazard Study Confirms Solar, Wind Costs Dropping Below Those Of Conventional Generation

Lazard Ltd., a financial advisory and asset management firm, has released its annual studies comparing the costs of energy from various generation technologies and of energy storage technologies for different applications. Importantly, Lazard’s Levelized Cost of Energy Analysis (LCOE 12.0) shows that, in some scenarios, alternative energy costs have decreased to the point that they are now at or below the marginal cost of conventional generation. Further, the firm’s Levelized Cost of Storage Analysis (LCOS 4.0) shows significant cost declines across most energy storage use cases and technologies, especially for shorter-duration applications.