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LFP cell average falls below US$100/kWh as battery pack prices drop to record low in 2023

Energy Storage News

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.

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Big batteries and small solar star in 2023, but big wind commitments plunge

Renew Economy

Updated: New report paints picture of a “very positive” year for big batteries and small solar, but an alarming fall in large scale renewable projects. The post Big batteries and small solar star in 2023, but big wind commitments plunge appeared first on RenewEconomy.

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The year of big battery storage, but wind and solar approvals at eight year low in 2023

Renew Economy

2023 has been the year of battery storage, with record construction starts, but wind and solar approvals have hit an eight year low, putting the renewable energy target at risk. The post The year of big battery storage, but wind and solar approvals at eight year low in 2023 appeared first on RenewEconomy.

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US BESS installations ‘surged’ in 2023 with 96% increase in cumulative capacity, ACP says

Energy Storage News

The operating capacity of battery storage in the US grew by 7.9GW last year, bringing the country’s total cumulative installed base to 17GW by the end of 2023.

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Australia installed 2.5GWh of battery storage in record-breaking ‘Year of the Big Battery’

Energy Storage News

Australia’s battery storage market had a record-breaking year in 2023 across utility-scale, residential, and commercial and industrial (C&I) segments.

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Home battery boom: Solar batteries double to more than one million in Germany

Renew Economy

New data shows Germany's market for home and commercial battery storage systems grew by over 150 per cent in 2023 – and that's with "market barriers." The post Home battery boom: Solar batteries double to more than one million in Germany appeared first on RenewEconomy.

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Australia: 2023 a ‘significant year’ for utility-scale battery storage construction and financing

Energy Storage News

Rooftop solar and utility-scale energy storage growth in Australia led renewable energy to fulfil almost 40% of electricity supply in 2023.