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

Cecilia Keating
clock • 5 min read
Harmony Energy Income Trust’s 98MW / 196MWh  battery energy storage project in Pillswood, East Yorkshire
Image:

Harmony Energy Income Trust’s 98MW / 196MWh battery energy storage project in Pillswood, East Yorkshire

New BloombergNEF analysis charts the rising cost pressures faced by the global stationary energy storage market

The price of battery energy storage systems rose for the first time since records began in 2022, as raw material and component costs soared, and developers and system integrators increased their margins...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Infrastructure

Environment Agency: Blue hydrogen plants should aim for at least 95 per cent CO2 capture rate

Environment Agency: Blue hydrogen plants should aim for at least 95 per cent CO2 capture rate

Regulator publishes first guidance for businesses looking to develop plants that produce hydrogen from fossil gas and capture the resulting emissions

Cecilia Keating
clock 06 February 2023 • 4 min read
A blast iron furnace | Credit: iStock

Attach green conditions to steel bailout, government urged

Green Alliance argues British Steel and Tata Steel should transition half of production to electric arc furnaces to receive public subsidy

Cecilia Keating
clock 31 January 2023 • 3 min read
Deconstructing 'take-make-dispose': UKGBC launches toolkit for a circular built environment

Deconstructing 'take-make-dispose': UKGBC launches toolkit for a circular built environment

UK Green Building Council unveils new service to help accelerate construction industry’s shift towards a regenerative, circular economy

Stuart Stone
clock 31 January 2023 • 3 min read