Utility-Scale Battery Storage Costs Fell Nearly 70% in Recent Years

The ability to store electricity — and do so in a way that’s affordable — is critical to expanding the use of renewable energy. So it’s worth noting the U.S. Energy Information Administration has reported that the average energy capacity cost of utility-scale battery storage in the U.S. fell from $2,152 per kilowatt hour (kWh) in 2015 to $625 per kWh in 2018 — a nearly 70% decrease. 10/28/2020