Battery Cell Cost Model

The cost model is a powerful tool to benchmark costs for different technologies and manufacturing processes under various market conditions. This allows the user to make an assessment of the competitive position of different cell manufacturers, and to understand the sensitivity of production costs to changes in key inputs or operating conditions.

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PDF & Excel

Released annually

Customisable

Analyst access

Battery Cell Cost Model

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What’s covered?

Our cost model provides a bottom-up assessment of both current and future battery chemistries including NCM, LFP, Na-ion, silicon-dominant and solid-state cell technologies.

The cell model uses a bottom-up cost model approach, providing fully customisable modelling of cost and energy (in $/kWh) for multiple cathode, anode, and electrolyte pairs. The model considers key factors around cell design and manufacturing processes:

Production location and impact on costs for labour, land, energy, capital repayment, capital charge, shipping
Active materials (Anode, Cathode)
Electrolyte
Raw material input prices and intensities
Other cell components (conductors, insulators, covers, separators, adhesives)
Cell manufacturing CAPEX & OPEX
Production location and impact on costs of labour, land, energy, capital repayment, capital charge, shipping

Why subscribe?

How is the report delivered?

PDF and supporting Excel workbook

What does the product cost?

Investment will vary depending on report and usage configuration.

Assessment methodology

The model has all the required variables already built-in, but also allows for full customisation, from material and performance design to cell plant manufacturing fixed and operating costs and variables. For example:

Materials are modelled, with salt raw material prices (e.g., lithium carbonate and hydroxide) regularly updated and customisable
Pouch cell format is used as standard, and cell dimensions are customisable
Several other variables, such as factory location (>10 worldwide countries), production facility capacity, markup and plant energy requirements are built-in and can be varied.

The cost model gives the user several outputs, including cell metrics (e.g., volumetric and gravimetric energy, number of electrode layers, mass). The user is also given a breakdown that includes a wide range of outputs such as the cost of copper foils and tabs, as well as labour and R&D costs. A detailed, granular breakdown of equipment costs is also provided.

Other outputs include material intensities, both in kg/kWh for example for cathode materials, as well as tonnes of metal per year. The model also has built-in functions to perform and provide the user with sensitivity analysis, with outputs including tornado plots and uni- or bi-variate linear sensitivity analysis.