renewable battery costs fall sharply

see also: Latency Budget · Platform Risk

BloombergNEF reports a YoY 8% decline in average lithium-ion battery pack costs, easing one of the last barriers for variable renewables to pair with storage (BNEF).

metric snapshot

• Average cost now $130/kWh,downfrom$141/kWh last year.
• Residential storage deployments up 16% as incentives align.
• Pairing with solar/wind is now economically viable in 23 U.S. states.

signal braid

• Lower costs support the renewable additions noted in global renewables additions keep pace despite geopolitics.
• The data also gives energy-hungry AI clusters an efficiency path, aligning with ai workloads raise energy demand data.

my take

Storage economics are the last mile. Every 10% drop in battery costs buys room for more AI compute without burning fossil fuel.

linkage

linkage tree

• tags
  • #energy
  • #2023
• related
  • [[global renewables additions keep pace despite geopolitics]]
  • [[ai workloads raise energy demand data]]

ending questions

How many more percent-point drops before battery storage becomes standard in hyperscale racks?