Where are the cheap batteries? Getting installed right now. Grid assets are usually measured in MW or GW, but multiply by 3-4 to get the GWh. EIA said develope

Where are the cheap batteries? Getting installed right now. Grid assets are usually measured in MW or GW, but multiply by 3-4 to get the GWh. EIA said developers expect to add 30GW in 2024 here: https://www.eia.gov/todayinenergy/detail.php?id=61202 https://www.eia.gov/todayinenergy/detail.php?id=61202 Note the 7GW of batteries already in California, 3GW in Texas. Texas will move much more quickly than California now because it's a profit based market with few barriers to entry. There were other estimates in 2024 were for 14.1 GW for this year, but IMHO 30 GW is much more likely: https://www.eia.gov/todayinenergy/detail.php?id=61424 https://www.eia.gov/todayinenergy/detail.php?id=61424 We are at the start of an exponential growth curve. As prices fall, more demand appears. There are plans for massive amounts of battery production capacity. BNEF has tracked 7.9TWh/year of planned factory capacity by the end of 2025 (probably only 50%-70% of that will get developed): https://www.bloomberg.com/news/newsletters/2024-04-12/china-already-makes-as-many-batteries-as-the-entire-world-wants https://www.bloomberg.com/news/newsletters/2024-04-12/china-... However, this is exactly on track with the estimates I heard, 3 years ago now, of 10x growth in production capacity every 5 years. By 2031 we should see 20-30TWH/year of production.