Cost of utility-scale Li batteries have fallen 76% since 2012, Bloomberg NEF

In March, an analysis of more than 7000 global storage projects by Bloomberg New Energy Finance reported that the cost of utility-scale lithium-ion batteries had fallen by 76% since 2012, and by 35% in just the past 18 months, to $187 per MWh. Another market watch firm, Navigant, predicts a further halving by 2030, to a price well below what 8minute has committed to.
Large-scale battery storage generally relies on lithium-ion batteries—scaled-up versions of the devices that power laptops and most electric vehicles. But Jane Long, an engineer, and energy policy expert who recently retired from Lawrence Livermore National Laboratory in California, says batteries are only part of the energy storage answer because they typically provide power for only a few hours. “You also need to manage for long periods of cloudy weather, or winter conditions,” she says.
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Date: Jul 14, 2019 @ 09:20

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