MEBRO
FACT CHECK #5HZOX0AO
06/08/26 · 4:32 PM UTC · 15 SOURCES
“Battery storage costs have fallen more than 80 percent over the past decade.”
TL;DR ·Multiple global energy reports confirm battery costs plummeted by 80 to 90 percent over the last decade.
WHAT WE FOUND
Extensive data from energy agencies and research groups confirm that battery storage costs have declined by 80 to 90 percent over the past decade . The International Energy Agency reports a 90 percent cost reduction for lithium ion batteries since 2010 . Similarly, the think tank Ember notes that installed costs have fallen by an average of 20 percent per year over the last 10 years . BloombergNEF analysis highlighted a 20 percent drop in lithium ion battery pack prices in 2023 alone, reaching a record low of $115 per kilowatt hour . Even more rapid declines were noted in specific periods, with prices falling by approximately 80 percent in only five years between 2015 and 2020 . Over a longer 30 year horizon, costs have plummeted by 99 percent .
SOURCES
- 1 · ourworldindata.orgWEBBattery costs have declined by 99% in the last three decades ...
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- 2 · joinact.orgWEBBattery storage costs have decreased by ~90% in the last 10 years ...
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- 3 · unpopular-truth.comWEBPros and Cons of Utility-Scale Battery Storage - The Unpopular Truth
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- 4 · rmi.orgWEBThe Rise of Batteries in Six Charts and Not Too Many Numbers - RMI
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- 5 · rapidtransition.orgWEBCharged up: breakthroughs in battery technology are rapidly ...
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- 6 · energyinnovation.orgWEB[PDF] Fast-Falling Battery Prices Boost Economic Benefits Expected from ...
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- 7 · reuters.comNEWSHow falling battery costs are igniting race for round-the-clock solar ...
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- 8 · library.hbs.eduACADEMICFalling Battery Storage Costs Are Quietly Reshaping Electricity ...
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- 9 · ember-energy.orgWEBHow cheap is battery storage? - Ember
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- 10 · about.bnef.comWEBLithium-Ion Battery Pack Prices See Largest Drop Since 2017 ...
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- 11 · nlr.govACADEMICDeclining Renewable Costs Drive Focus on Energy Storage | NLR
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- 12 · iea.orgWEBExecutive summary – Batteries and Secure Energy Transitions - IEA
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- 13 · linkedin.comWEBSolar battery costs drop by 80-90% in a decade - LinkedIn
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- 14 · sciencedirect.comACADEMICA further decline in battery storage costs can pave the way for a ...
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- 15 · iea.blob.core.windows.netWEB[PDF] Batteries and Secure Energy Transitions - Microsoft .NET
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CHECK #______
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