3 ms·
Batteries have shaped up, actually! Retail costs are about $300/kWh for at least 7000 cycles, which is only $4.2/kWh (plus inverter/BMS, plus electrician costs,
by epistasis 5y ago
Batteries have shaped up, actually! Retail costs are about $300/kWh for at least 7000 cycles, which is only $4.2/kWh (plus inverter/BMS, plus electrician costs, plus sales markup, etc.).
There has been a 10x decline in lithium ion battery costs in just 10 years, which is shocking. Check out this slide from Ramez Naam, of which batteries are only one component of the massive ongoing transition:
https://t.co/2WnIrtuLpN https://t.co/2WnIrtuLpN
Lithium ion batteries are getting deployed in large GW and GWh sizes all over, and in smaller sizes too. Worldwide production capacity is expected to grow by 10x every five years.
I think other stationary battery chemistries will catch up for "longer-term" storage, where the charge rate is lower and the capital cost is lower, and they can't cycle as fast. My favorite are the iron air batteries, which are rumored to be as low as $20/kWh, but with a power/energy ratio of only 1%.
- hnaccount_rng 5y agoHow do you get from 300$/kWh to 4.2$/kWh?
- epistasis 5y ago7000 cycles out of $300/capacity, so $300 kWh capacity / 7000 cycles == $0.042 per kWh cycle.
- hnaccount_rng 5y agoSo the 4.2$ is just a typo and should have been 0.042$. Then I follow you, thanks
- epistasis 5y agoOops, yes, thanks so much!