Battery prices collapsing, grid-tied energy storage expanding

From July 2023 through summer 2024, battery cell pricing is expected to plummet by more than 60% due to a surge in electric-vehicle (EV) adoption and grid expansion in China and the United States. From pv magazine USA We are in the midst of a year-long acceleration in the decline of battery cell prices - a trend that is reminiscent of recent solar cell price reductions. Since last summer, lithium battery cell pricing has plummeted by approximately 50%, according to Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery manufacturer. In early summer 2023, publicly available ...

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