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Higher electricity demand is a problem is you're trying to. Build grid storage. And no, not everyone is onboard with the idea that battery cost is going to plun
by Manuel_D 4y ago
Higher electricity demand is a problem is you're trying to. Build grid storage. And no, not everyone is onboard with the idea that battery cost is going to plunge by orders of magnitude. In fact, the opposite trend is happening. Battery costs have increased recently: https://www.utilitydive.com/news/new-york-battery-storage-costs-rise-interconnection-queue-12-gw/621954/ https://www.utilitydive.com/news/new-york-battery-storage-co...
- ZeroGravitas 4y agoYour cite says: > the state's higher storage target and DPS and grid operator support will slash costs to $150-$200 kWh by the end of the decade, based on BloombergNEF estimates. They have dropped an order of magnitude since 2008, so I'd maybe expect a few more years before it does it again but that does appear to be the current prediction.
- Manuel_D 4y agoAnnouncing a target is easy, hitting is hard. Especially when the costs of input materials to build batteries increase 4x in a year: https://tradingeconomics.com/commodity/lithium https://tradingeconomics.com/commodity/lithium If their predictions are that costs are going to decrease, but when push comes to shove costs increase above expectations then what does that say about the value of these predictions?