10 Oct '17, 7am

Battery costs in stationary energy could fall by up to 66 percent says IRENA

Battery costs in stationary energy could fall by up to 66 percent says IRENA

The new report published today by the International Renewable Energy Agency (IRENA) says that the falling price of batteries could stimulate 17-fold growth of installed battery storage, opening up a number of new commercial and economic opportunities. The report ‘Electricity Storage and Renewables: Costs and Markets to 2030 assessment of electricity storage in stationary applications’ was launched during the ‘Innovation for Cool Earth Forum’ in Tokyo, Japan. It found that the global storage capacity could triple if countries double the share of renewables in the energy system. “As storage technology improves and prices decline, both utility-scale and small-scale, distributed applications could grow dramatically, accelerating renewable energy deployment” said IRENA Director-General Adnan Z. Amin. “In this dynamic, low-carbon energy environment, now is a crucial time for sto...

Full article: https://www.renewableenergymagazine.com/energy_saving/bat...

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