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Joe Deely's picture
Joe Deely
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Involved with high-tech for last 30 years. Interested in energy.

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  • Dec 16, 2020 4:55 pm GMTDec 16, 2020 5:06 pm GMT
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Battery Pack Prices Cited Below $100/kWh for the First Time in 2020, While Market Average Sits at $137/kWh | BloombergNEF

  BloombergNEF’s annual battery price survey finds prices fell 13% from 2019  .

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Source: about.bnef.com

The newest from Bloomberg on battery prices - which continue to fall at a steady rate.

With large amounts of investments being made in capacity for making batteries around the world this learning curve will continue and may in fact accelerate.

In the electricity space - watch for projects which are designed/engineered so that initial batteries installed match the interconnection capacity and then more battery duration is added later.  So for example, with a 250MW interconnection - 250MW/250MWh are installed initially to quickly provide valuable capacity to the market. With prices declining, more duration can be added later at a cheaper cost - let's say an additional 750MWh 2 years later.

 

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  • Battery Pack Prices Cited Below $100/kWh for the First Time in 2020, While Market Average Sits at $137/kWh | BloombergNEF

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Bob Meinetz on Dec 16, 2020

Bloomberg New Energy Finance (BNEF) is excited about batteries, and Bloomberg has personally invested $20 million in natural gas futures, because he is no dummy: unlike renewables evangelists, he knows the battery-powered-grid fantasy can be useful for maintaining dependence on natural gas indefinitely:

"Bloomberg’s personal and philanthropic wealth is managed by a company called Willett Advisors LLC...'We are natural gas bulls. We think oil is well priced. If we can generate new supplies at a discount to the spot price, we will do it,' Brad Briner, a senior level investment manager at Willett Advisors, told an investment trade publication in 2013."

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