Battery costs could fall up to 66% by 2030, says IRENA

By Michelle Froese The cost of battery storage for stationary applications could fall by up to 66% by 2030, according to a new report published by the International Renewable Energy Agency (IRENA). The falling price of batteries could stimulate a 17-fold growth of installed battery storage, opening up a number of new commercial and economic opportunities, the report highlights.
A new IRENA report finds that energy storage capacity will triple by 2030 if countries double the share of renewables in the world’s energy system. The report highlights the impact could result in the opening of a number of new commercial and economic opportunities.
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