39 Scenarios Scenario name Description Cost [$] Space requirement [m2] Risk [credits] Innovation [credits] Pilot project under business as usual Starting with a small-scale BESS pilot at a single site to test the viability and impact of energy storage. Investigate electrifying pilot vehicles from MIT’s fleet. Lithium-Ion Batteries: $139/kWh (BloombergNEF, November 2023) Lithium Iron Phosphate Batteries: $130/kWh (BloombergNEF, Nov 2023) 3-5 0 3 Partial implementation Targeting energy storage implementation at facilities with diesel generators, and electrifying one part of MIT’s fleet. Lithium-Ion Batteries: $139/kWh (BloombergNEF, November 2023) Lithium Iron Phosphate Batteries: $130/kWh (BloombergNEF, Nov 2023) 18-30 2 4 Experimental implementation Implementing thermal energy storage pilots in conjunction with ground source heat pumps. An initial study of the MIT campus estimates $3,00/ton to install equipment. (source) ~92.9 2 5
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