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Image: Clean Energy Regulator.

New South Wales cuts battery storage costs by up to 40% for businesses and apartment buildings in the Australian state

August 18, 2026
NSW has introduced a new upfront discount scheme for battery storage systems installed by businesses and apartment buildings.
Current battery storage costs from recent studies. The NREL value (Ramasamy et al. 2022) was selected as the 2022 starting cost for this work.

Li-ion BESS costs could fall 47% by 2030, NREL says in long-term forecast update

June 20, 2023
The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.
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