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The storage market has been revolutionized in the past few years thanks to LFP chemistries, and it's only going to get better soon. There are massive new US pro
by epistasis 4y ago
The storage market has been revolutionized in the past few years thanks to LFP chemistries, and it's only going to get better soon. There are massive new US production facilities coming online, and Bloomberg is estimating that US cell costs will be $83/kWh, just a few dollars more than Chinese costs. Add in the IRA tax credits, and the cost will be less than $50/kWh. Packs will be more expensive than cells, of course, but the future looks very rosy. Could see that pack at half its current price, even in quantities as small as 50kWh.
I always chuckle when I encounter the sweet summer children that think that battery tech is stagnant...
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- hijinks 4y agoI guess the idea is just to wait a few years then.
- jandrese 4y agoIt's an extremely common argument from renewable opponents that storage is just too expensive and will never be economical. If you manage to get them to write a number down it's always something like $500-$1000/kWh because that's what some old fossil fuel study from the 90s used.