“Mind blowing:” Battery cell prices plunge in China’s biggest energy storage auction
The hottest topic in energy circles right now – apart from dealing with the sheer absurdity of the federal Coalition’s nuclear power plan – is battery storage, the plunging price of battery cells and its implications for a future renewable-dominated grid supported by flexible capacity.
The CSIRO and the Australian Energy Market Operator earlier this month noted in their draft GenCost report that battery storage has been the biggest mover in the last 12 months in terms of price – down 20 per cent from where it was just 12 months ago. An annual assessment from Bloomberg NEF supported that assessment.
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