Batteries
🔋 Global energy storage increased by 76% in 2024
Global energy storage installations reach 69 gigawatts and 169 gigawatt-hours in 2024, an increase of 76 percent compared to the previous year. The energy storage market will grow to 228 gigawatts by 2035, ten times larger than today.
🔋 Battery prices for electric cars continue to drop during 2024
Average battery prices decreased by 20 percent to $115 per kilowatt hour during 2024. Battery cells fell even more, by 30 percent to $78 per kilowatt hour. Electric car batteries for passenger cars fell below $100 per kilowatt hour for the first time.
🔋 The U.S. has installed batteries equivalent to 20 nuclear power plants in four years
The US has installed batteries with a capacity of over 20 gigawatts to the power grid, of which 5 gigawatts were added during the first seven months of this year. The batteries have already proven effective in preventing power outages in states like California during intense heat waves.
🔋 New battery technologies expand possibilities for renewable energy
Several new types of batteries are in development. Zinc-bromine flow batteries offer a safe and sustainable solution for energy storage. Organic flow batteries with solid materials increase storage capacity compared to conventional flow batteries.
🔋 Solar energy and battery storage set to double in the US this year
The US is expected to install twice as much solar energy and battery storage as last year. Growth for solar energy and battery storage is accelerating despite increased adoption. A total of 38 GW new solar energy capacity and 14.7 GW battery storage capacity is expected to be added during 2024.
🔋 Solar power and batteries help Texas handle record-high energy consumption during heat waves
Texas power grid has broken new records for electricity consumption during the summer of 2024. Solar power has met record-high demand during the day, and batteries have covered the need in the evening.
🔋 Come on, Northvolt is not a pipe dream, and batteries are not a green bubble
Is Northvolt a pipe dream? asked the reporter. That was when I realized this wasn't a serious investigation, but a witch hunt. Let’s scrutinize this absurd claim.
🔋 Battery prices continue to drop, lowering the cost of electric vehicles
The price of lithium-ion batteries in China has decreased by 51 percent in the past year. Lower battery prices make electric vehicles cheaper than fossil fuel cars in many segments, and large-scale battery solutions in energy systems become more profitable.
🔋 New fast-charging electric vehicle battery with a lifetime of 400,000 miles
StoreDot has introduced a new electric vehicle battery that can be charged up to 80 percent in just 5-10 minutes. The battery boasts a lifetime of 65,000 miles thanks to the ability to undergo 2,000 ultra-fast charging cycles.