For the past decade, the cost of lithium-ion batteries for grid storage has fallen by an average of 8 percent per year. When ...

Battery energy storage systems (BESS) are an essential technology that will help to enable the transition toward renewable energy. BESS facilities make it possible to capture the energy produced from ...

Global battery storage capacity surged to 375 GWh in 2024, led by China and the U.S., and is projected to rise ninefold by 2040. Falling costs and new technology are making storage projects more ...

Turning cheap daytime solar into electricity you can actually use at night just got a lot cheaper. A new analysis from energy think tank Ember shows that utility-scale battery storage costs have ...