Friday 21 October 2022

Reversing the Rise in Battery Prices

ENERGIES Magazine featured my article on the battery supply chain, and how the Inflation Reduction Act might ease constraints and propel the US energy storage sector.

Link to article:

https://energiesmagazine.com/article/reversing-the-rise-in-battery-prices/

Battery pack prices dipped below US$500 per kilowatt-hour (kWh) for the first time in 2015 (in real 2021 dollars) and declined drastically to US$132 per kWh in 2021, after which prices started rising. This piece addresses the questions of what factors contributed to this dramatic price decline, what caused prices to rise, and what’s in store for the US energy storage sector going forward.