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The Pixie dust is called China. BNEF is tracking 7.9 TWh of annual battery manufacturing capacity for the end of 2025 [1]. Chinese manufacturers' all-in costs f
by matthewdgreen 1y ago
The Pixie dust is called China. BNEF is tracking 7.9 TWh of annual battery manufacturing capacity for the end of 2025 [1]. Chinese manufacturers' all-in costs for BESS are now down to $66/kWh and still dropping [2]. We (or at least China) have crossed the "knee" of the exponential for battery production, and loads of people don't seem to realize this.
[1] https://about.bnef.com/blog/china-already-makes-as-many-batteries-as-the-entire-world-wants/ https://about.bnef.com/blog/china-already-makes-as-many-batt...
[2] https://cleantechnica.com/2024/12/24/what-are-the-implications-of-66-kwh-battery-packs-in-china/ https://cleantechnica.com/2024/12/24/what-are-the-implicatio...