Energy storage installations rise 61% this year

While battery manufacturers have faced tough times in 2024, the sun is shining on the stationary storage market, finds BloombergNEF. From ESS News Battery makers and cell manufacturers have faced a tough 2024 thus far, with falling margins and revenues due to slower-than-expected worldwide sales of electric vehicles (EVs), reducing volumes. However, BloombergNEF (BNEF) reports that the stationary storage market has risen 61%, and prices for turnkey systems are down 43% from 2023, which is part of driving that deployment. In April, the figure was at a record low of $115/kWh for two-hour energy ...

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