NewEnergyNews: The Game Changing Drop In Energy Storage Costs

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    Founding Editor Herman K. Trabish

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  • TODAY AT NewEnergyNews, June 17:

  • TODAY’S STUDY: Planning For A Distributed Grid
  • QUICK NEWS, June 17: Dems Evolving A Serious Climate Crisis Plan; Offshore Wind Needs Local Support

    Thursday, January 31, 2019

    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…

    [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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