The cost of batteries is falling at a current rate of 16% per year and it's accelerating. As such, battery storage will become increasingly competitive with pea

The cost of batteries is falling at a current rate of 16% per year and it's accelerating. As such, battery storage will become increasingly competitive with peaker plants. "From around 1995 through 2010, energy storage costs had fallen by about 14% a year – a rate that means the price will halve in a little more than five years. In 2010 – that rate sped up to 16% a year, and while a 2% increase might seem small it actually means that instead of taking five+ years to halve – it would now take slightly less than four years, more than 20% faster. Tesla’s Gigafactory has now increased the rate of price decrease even faster than the 16%. It is estimated that the Gigafactory, by doing nothing more than moving all of the supply chain arms under a single roof, has decreased the price of battery packs by 30-50% – while doubling the global volume." https://electrek.co/2016/05/19/the-math-and-evidence-all-around-you-that-shows-shared-autonomous-vehicles-powered-by-solar-power-and-batteries-are-inevitable/ https://electrek.co/2016/05/19/the-math-and-evidence-all-aro... JB Staubel has indicated the same... https://www.youtube.com/watch?v=lgcozueYXMU&feature=youtu.be&t=287 https://www.youtube.com/watch?v=lgcozueYXMU&feature=youtu.be...