Energy Storage News•about 17 hours ago
Battery storage costs fall 11-16% as Australia’s CSIRO maps least-cost route to net zero
Key Takeaway
Rapidly falling battery storage costs are fundamentally shifting the energy landscape, making dispatchable renewable energy more economically viable and accelerating the path to net-zero for developers and large power consumers.
AI Summary
- •Battery storage costs in Australia have fallen significantly by 11-16% across all durations, making it a more attractive investment.
- •This cost reduction contrasts sharply with rising costs for traditional coal and gas power plants, enhancing battery storage's competitive edge.
- •The trend positions battery storage as a primary, least-cost pathway for Australia to achieve net-zero emissions.
- •For developers and large power consumers, these plummeting costs unlock more economically viable storage projects and potentially lower PPA costs for dispatchable power.
Topics
ccgtdatacenteremissionsfinancingpolicyppastorage