So estimating the lifetime of the battery at 5000 cycles and lets say round trip efficiency at 95% we end up with $0.082 / kWh. (EDIT: originally I claimed $0.074 which is wrong) that the battery adds.
So I'm guessing in the long run this will considerably lower the cost of electricity on the island as adding PV capacity is much cheaper than keeping a coal plant running and this battery allows to install much more and use the energy at night. Not sure whether Hawaii has much wind power but it would seem to be rather windy place.
So I'm guessing in the long run this will considerably lower the cost of electricity on the island as adding PV capacity is much cheaper than keeping a coal plant running and this battery allows to install much more and use the energy at night. Not sure whether Hawaii has much wind power but it would seem to be rather windy place.