in Wiley Online Library (wileyonlinelibrary.com)Chemicals-based energy storage is promising for integrating intermittent renewables on the utility scale. High roundtrip efficiency, low cost, and considerable flexibility are desirable. To this end, an ammonia-based energy storage system is proposed. It utilizes a pressurized reversible solid-oxide fuel cell for power conversion, coupled with external ammonia synthesis and decomposition processes and a steam power cycle. A coupled refrigeration cycle is utilized to recycle nitrogen completely. Pure oxygen, produced as a side-product in electrochemical water splitting, is used to drive the fuel cell. A first-principle process model extended by detailed cost calculation is used for process optimization. In this work, the performance of a 100 MW system under time-invariant operation is studied. The system can achieve a roundtrip efficiency as high as 72%. The lowest levelized cost of delivered energy is obtained at 0.24 $/kWh, which is comparable to that of pumped hydro and compressed air energy storage systems.All cost data except that for the ammonia-based energy storage system are reproduced from Rastler. 8 [Color figure can be viewed at wileyonlinelibrary.com] 1 Stage number of the turbines [E-30/37,RE-5/7] Re HX 5000 Reynolds number of the main streams of all heat exchangers DV, decision variable; CP, calculated parameter; SP, specified parameter; SV, specified value.