Study finds storage prices falling faster than PV and wind technologies : RenewEconomy

PV Magazine

Energy storage projects may bring the cost per kWh of a lithium-ion battery down from $10,000/kWh in the early 1990’s to $100/kWh in 2019, according to a new study written by a research team from University of California and TU Munich in Germany, and published in Nature Energy.

Source: PV Magazine

Tesla’s gigafactory near Sparks, Nevada, United States. Source: PV Magazine

This result, if confirmed, would indicate that prices for lithium-ion storage systems are dropping faster than PV or wind technologies, the scientists claim, and that the new combination of solar, wind and storage will soon be able to outcompete coal and natural gas plants on cost alone, due to this price fall.

The achievement of the $100/kWh target, however, may be endangered by a recent lack of investment for basic and applied research, the researchers stated.

http://reneweconomy.com.au/study-finds-storage-prices-falling-faster-pv-wind-technologies-74360/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s