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battery cost

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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