The Game Changing Drop In Energy Storage Costs

Costs are falling for renewable energy stored in batteries

Jed Kim, January 29, 2019 (Marketplace)

“…[Batteries can help smooth out renewables’] peaks and valleys, but cost has limited wider adoption…[It is] becoming an increasing part of the resource mix that electric utilities are currently owning and operating…[Cost drops are being driven by demand from utilities and consumers and by regulators with climate change concerns] directing the utilities to go for a cleaner renewable grid…[Battery costs have seen an] 80-85 percent cost reduction over the past decade…

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[Demand was triggered in 2015 and 2016 by utilities and] end customers getting more familiar with the technology…[Tesla added to the momentum when it started] selling Powerwalls in 2015…[That coincided with increased interest] from the various market participants, including private sector competitors, residential homeowners, businesses and] large electric utilities…” click here for more

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