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Will Plunging Battery Prices Start a Boom In Electric Power?
 

Will Plunging Battery Prices Start a Boom In Electric Power?

An anonymous reader quotes Utility Dive: Average market prices for battery packs have plunged from $1,100 per kilowatt hour in 2010 to $156 per kilowatt hour in 2019, an 87% fall in real terms, according to a report released Tuesday by Bloomberg New Energy Finance (BNEF). Prices are projected to fall to around $100 per kilowatt hour by 2023, driving electrification across the global economy, according to BNEF's forecast. BNEF's latest forecast, from its 2019 Battery Price Survey, is an exampl... read more

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