Is The Best Analogy For The Energy Storage Business--Eeek!--Hard Drives?

Michael Kanellos for Forbes:  The optimism in the energy storage industry is based on soaring demand, rapid technological advances, expanding capacity and, for some, what will likely be a scary competitive environment.

First, the good news. Lithium ion battery packs over the last ten years have declined faster than the cost of solar, said John Carrington, CEO of Stem, which makes behind-the-meter storage systems for hotels and other commercial customers looking to shave peak power costs, during a hallway meeting at Finance West sponsored by the American Council of Renewable Energy this week.

Solar panels have declined by 50% or more in the last five years. Batteries have declined by 80% in three years, he said. Battery packs hit the under $300 per kilowatt hour mark last December, Carrington added. By 2020, battery pack prices could drop to $190 per kilowatt hour. (In 2007, lithium ion battery packs in the wholesale markets sold for around $1,000 per kilowatt hour.)  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The Electriq PowerPod 2

The Electriq PowerPod 2

The Electriq PowerPod 2 is a fully-integrated home energy storage, management, and monitoring system powered by LFP batteries. The high-performance, cobalt-free product includes a hybrid solar/battery inverter controlled by intelligent software. The PowerPod 2 provides backup power and can self-consume or export excess power back to the grid.