www.lazard.com/media/5tlbhyla/lazards-lcoeplus-june-2025-_vf.pdf

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Lazard 2025年版 LCOE+ レポート

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https://www.lazard.com/media/5tlbhyla/lazards-lcoeplus-june-2025-_vf.pdf

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This document is about Lazard's 2025 LCOE+ report, which focuses on three key areas: Energy Generation, Energy Storage, and the Energy System. Renewable energy remains the most cost-competitive form of generation on an unsubsidized $/MWh basis, playing a crucial role in the current high power demand environment. The competitiveness of existing gas generation is also increasing, with expected cost fluctuations due to technological advancements and market dynamics. In energy storage, significant declines in the levelized cost of storage (LCOS) for utility-scale and commercial & industrial battery systems are noted, driven by market competition and technological improvements.