Energy Storage News•10 days ago
Battery storage system prices continue to fall sharply, BNEF and Ember reports find
Key Takeaway
The rapid and ongoing decline in battery storage costs is fundamentally reshaping energy project economics, making storage an increasingly indispensable and competitive asset for developers and large consumers.
AI Summary
- •Global average prices for turnkey battery storage systems fell by almost a third year-over-year.
- •Sharp cost declines are expected to continue, further enhancing the economic viability of storage projects.
- •This trend significantly improves project economics for developers and offers new opportunities for large power consumers to optimize energy costs and enhance grid reliability.
Topics
capacity-marketdatacenterfinancinginterconnectoemppastorage