Battery Storage To Cut Cost
Author: Source: Datetime: 2017-01-16 11:51:00
Now, the new low-cost battery materials are the grid-scale large-capacity battery to the market. Moody's investment services company data show that the price of high-capacity battery in the past 5 years, down 50%. Experts estimate that at least three private companies are providing high-capacity batteries for utility equipment.
"When the ARPA-E began to focus on grid storage, we realized that the price had to drop to one-tenth of the current level to make the battery commercially viable," said Allen Williams, head of ARPA-E. "We've been investing in innovative battery storage, and we've really found a way to cut costs."
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