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Energy storage now making renewable energy cost competitive

Renew Economy 30th June 2017, Global research institute McKinsey & Company has analyzed current energy
storage prices and concluded that commercial customers are already feeling
the economic benefits of cheaper batteries and recent price falls in
lithium-ion technology.

With battery-pack costs now down to less than
$230/kWh – compared to around $1,000/kWh as recently as 2010 – storage
uptake is on the rise across Europe, Asia and the U.S. This growth is being
facilitated by a greater uptick in electric vehicle (EV) adoption, with
major players now scaling-up their lithium-ion manufacturing capacity in
order to meet demand.


July 3, 2017 - Posted by | 2 WORLD, energy storage

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