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Rising battery storage costs: A long-term trend or short term blip?

Business Green

New BloombergNEF analysis charts the rising cost pressures faced by the global stationary energy storage market. That is the core conclusion of recent analysis from BloombergNEF, which estimates the average price of a four-hour turnkey energy storage system rose to $324/kWh in 2022 - a 27 per cent increase from the previous year.