Comparative Techno-Economic and Life Cycle Assessment of Stationary Energy Storage Systems: Lithium-Ion, Lead-Acid, and Hydrogen
Plamen Stanchev, Nikolay Hinov
Abstract
This study presents a comparative techno-economic and environmental assessment of three leading stationary energy storage technologies: lithium-ion batteries, lead-acid batteries, and hydrogen systems (electrolyzer–tank–fuel cell). The analysis integrates Life Cycle Assessment (LCA) and Levelized Cost of Storage (LCOS) to provide a holistic evaluation. The LCA covers the full cradle-to-grave stages, while LCOS accounts for capital and operational expenditures, efficiency, and cycling frequency. The results indicate that lithium-ion batteries achieve the lowest LCOS (120–180 EUR/MWh) and high round-trip efficiency (90–95%), making them optimal for short- and medium-duration storage. Lead-acid batteries, though characterized by low capital expenditures (CAPEX) and high recyclability (>95%), show limited cycle life and lower efficiency (75–80%). Hydrogen systems remain costly (>250 EUR/MWh) and less efficient (30–40%), yet they demonstrate clear advantages for long-term and seasonal storage, particularly under scenarios with “green” hydrogen production and reduced CAPEX. These findings provide practical guidance for policymakers, investors, and industry stakeholders in selecting appropriate storage solutions aligned with decarbonization and sustainability goals.