AECOM for the Australian Renewable Energy Agency
[Computer World] An energy storage study claims that prices for certain battery technologies will plunge by as much as 60% over the next five years. The report was prepared by Australian consultancy AECOM and published by the Australian Renewable Energy Agency (ARENA).
The 130-page study, originally published last month, expects all battery technologies to drop in price. However, the largest reductions are forecast for Li-ion and flow-battery technologies, which are expected to plummet by 60% and 40%, respectively by 2020.
Lithium-ion (Li-on) batteries will drop from $550 per kilowatt hour (kWh) in 2014 to $200 per kWh by 2020; and flow battery prices will drop from $680 per kWh to $350 per kWh during the same time…