As energy push accelerates, battery costs set to plunge 60%
An energy storage study claims that prices for certain battery technologies will plunge by as much as 60% over the next five years. The report was prepared by Australian consultancy AECOM and published by the Australian Renewable Energy Agency (ARENA).
The 130-page study, originally published last month, expects all battery technologies to drop in price. However, the largest reductions are forecast for Li-ion and flow-battery technologies, which are expected to plummet by 60% and 40%, respectively by 2020.
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