Energy Storage Battery Costs to Halve Over the Next Decade

Research company BloombergNEF (BNEF) has reported in Energy Storage Outlook 2019, published recently, predicts a further halving of lithium-ion battery costs per kilowatt-hour by 2030, as demand takes off in two different markets – stationary storage and electric vehicles.

Immersa agree with the analysis in the report, and fully expect the UK market for battery storage to expand rapidly over the next 10 years as the push for sustainable energy grows amongst commercial and residential customers alike, paired with the growth in electric vehicles. The reduction in the cost of battery storage solutions will further increase the interest in renewable solutions.

Logan Goldie-Scot, head of energy storage at BNEF, commented: “In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. This is a new era of dispatchable renewables, based on new contract structures between developer and grid.”

Read the full article on the BloombergNEF website