Energy Storage News•17 days ago
Li-ion battery pack prices fell 8% since last year despite metals prices rising, BloombergNEF says
- •Li-ion battery pack prices have fallen 8% since last year, despite rising raw material costs.
- •This price reduction is primarily due to global cell manufacturing overcapacity and intense market competition.
- •For developers, this translates to lower CAPEX for standalone battery storage projects and hybrid renewable+storage solutions, improving project economics and competitiveness.
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