Energy storage projects may bring the cost per kWh of a lithium-ion battery down from $10,000\/kWh in the early 1990\u2019s to $100\/kWh in 2019, according to a new study written by a research team from University of California and TU Munich in Germany, and published in Nature Energy.<\/p>\n
This result, if confirmed, would indicate that prices for lithium-ion storage systems are dropping faster than PV or wind technologies<\/strong><\/em>, the scientists claim, and that the new combination of solar, wind and storage will soon be able to out compete coal and natural gas plants on cost alone, due to this price fall. –\u00a0pv-magazine.com<\/strong><\/p><\/blockquote>\nTo put this news in perspective solar alone has had such monumental price drops over the years that people compare the cost of solar in the graph below to a lightning bolt.<\/p>\n
![\"Even](\"https:\/\/www.alexshoolman.com\/blog\/wp-content\/uploads\/2017\/08\/Solar-Lightning-Bolt-Graph.png\" "\\"\\"")
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As you can see, traditional energy sources like coal and gas essentially stayed the same price or increased even after decades and decades of R&D. Solar being a technology comes in like a wrecking ball from high and has since trashed them all. Now we’re seeing batteries top even this\u00a0<\/strong><\/em>astonishing price reduction!<\/p>\n<\/span>Battery Advancements Are Speeding Up<\/span><\/h3>\n![\"\"](\"https:\/\/www.alexshoolman.com\/blog\/wp-content\/uploads\/2018\/03\/Phone-Battery-1024x747.jpeg\" "\\"\\"")
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This however shouldn’t really surprise anyone when you take a look at the overall industries. Solar is\u00a0big<\/strong><\/em> no doubt about that. It’s also being rolled out in huge numbers all over the world, hell we’ve had solar panels on our roof for almost a decade now! But it is only involved in one<\/strong> <\/em>industry, the power industry.<\/p>\nBatteries are outpacing solar\/wind because it is a part of three huge industries<\/strong><\/em>. The energy industry, the automotive industry\u00a0and\u00a0the general technology\/IT industry for phones, laptops etc.<\/p>\nWhen there’s more industries piling in on the R&D for the same technology it means more money. It means there’s more people and more resources all working towards the same goal. As such we’re seeing higher rates of price reductions and it should only accelerate now that Tesla’s Gigafactory 1 is coming online.<\/p>\n
Do you think the oil, coal, gas and automotive industries are done attacking Tesla or do you think they’re coming around? Let us know in the comments below!<\/p>\n","protected":false},"excerpt":{"rendered":"
Currently petrol and diesel is mostly used for transportation whilst electricity is mostly used for powering homes and businesses. It’s a nice setup with each having their own huge industry that they command. They also rarely impede on the others turf and that’s been the case for a while. Until […]<\/p>\n","protected":false},"author":1,"featured_media":341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,60,122,61,39,62],"tags":[38,58,30],"class_list":["post-333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transport","category-electric-vehicles","category-energy","category-home-battery-energy-storage","category-news","category-tesla","tag-batteries","tag-home-battery-storage","tag-tesla"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.alexshoolman.com\/blog\/wp-content\/uploads\/2017\/08\/Tesla-Battery.jpg","jetpack_shortlink":"https:\/\/wp.me\/p92j6e-5n","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/posts\/333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":10,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":707,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/posts\/333\/revisions\/707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/media\/341"}],"wp:attachment":[{"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/media?parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/categories?post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alexshoolman.com\/blog\/wp-json\/wp\/v2\/tags?post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}