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Damn, we are that close. We are using expensive, high-density batteries meant for electronics and transportation for stationary storage. CATL is already claimin
by megaman821 4y ago
Damn, we are that close. We are using expensive, high-density batteries meant for electronics and transportation for stationary storage. CATL is already claiming $40-$50/kwh for sodium ion batteries that begin production next year. In five years there will be even more grid-targeting battery solutions on the market at low price points.
- scythe 4y agoFrom a practical business perspective, the falling prices of batteries may not be ideal from an investor's perspective. If I buy $100M of batteries and the price drops 50% in five years, I just "lost" 50 million dollars. You'd have to be at a point where the proceeds to storage exceed the depreciation of the product in order to pencil out, I think. So a lot of storage that could be built probably won't be built until the technology war shakes out. >CATL is already claiming $40-$50/kwh for sodium ion batteries that begin production next year. Tried to look this up, but didn't find anything. Where's that?
- megaman821 4y agoTo be fair they stated it in the most roundabout way (40%-50% cheaper than LFP batteries) and with no time horizon. I think I got that from reports on their recent shareholder meeting but I will have to look it up better.