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Plunge in Storage Battery Costs Will Speed Shift to Renewable Energy, Says IEA
"In less than 15 years, battery costs have fallen by more than 90%," according to a new report from the International Energy Agency, "one of the fastest declines ever seen in clean energy technologies." And it's expected to get even cheaper, reports Reuters: An expected sharp fall in battery cost...
"The combination of solar PV (photovoltaic) and batteries is today competitive with new coal plants in India," said IEA Executive Director Fatih Birol. [...] The global market for energy storage doubled last year to over 90 gigawatt-hours (GWh), the report said... The Los Angeles Times notes one place adopting the tech is California: Standing in the middle of a solar farm in Yolo County, [California governor] Newsom announced the state now had battery storage systems with the capacity of more than 10,000 megawatts — about 20% of the 52,000 megawatts the state says is needed to meet its climate goals.
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