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Energy storage costs to dip dramatically
Jul 17: Another revolution that is coming is the rapid fall in energy storage costs
8Analysis shows that the installed per-kilowatt-hour cost of an energy-storage system would decrease roughly 55 percent by 2025, thanks to continued advances in manufacturing scale and technology as well as improvements in storage-system engineering and design.
8There is also a plausible best-in-class scenario in which market-leading energy-storage manufacturers and developers deliver a step change in cost improvement: additional process-efficiency gains and hardware innovations could reduce the cost of an installed system by more than 70 percent.
8At that point, each kilowatt-hour of storage capacity would cost less than one-tenth of what it did in 2012.
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