Drastically Falling Costs for Batteries Challenge Fossil-fuel Generation
- May 9, 2019 9:04 pm GMT
Bloomberg New Energy Finance (BNEF) is reporting that the benchmark cost for lithium-ion batteries has fallen 35% since the first half of 2018. This trend continues significant cost declines for batteries which, when combined with renewable resources, as Bloomberg first reported in 2018, are challenging the role of coal and gas.
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