Global average prices for turnkey battery storage systems fell by almost a third year-over-year, with sharp cost declines expected to continue.

A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs. 

Illinois can address its resource adequacy shortfall by replacing the US state’s retiring fossil fuel plants with 2,972MW of energy storage, and without significant transmission upgrades.

Battery storage project development costs will continue to fall in 2024 as lithium costs decline “significantly,” according to BMI Research.

Battery storage can be a significantly cheaper and more effective technology than natural gas in providing peaking capacity, according to a new study released by the Clean Energy Council, the industry group which represents Australia’s clean energy sector.

Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.