Battery technology cost declines have opened new use cases for energy storage. According to S&P Global Market Intelligence, the stand-alone battery storage costs are estimated to decline by 15% to $94/kW-year and shrinking to a point where storage can compete head-to-head in the resource adequacy market while optimizing intermittent generation. The total installed utility-scale energy storage capacity in the U.S., is expected to jump roughly 185%, to 5,582 MW, through August from a year prior.
With the booming electric vehicles (EV) markets and uptick in battery storage solutions, is the global supply chain ready to keep pace with multiple sectors? What are the projections for battery storage being used on the power grid and the potential of battery power in data centers and 5G power requirements? From the supply perspective, which battery metals are critical for energy storage and how can their prices impact battery cost in the future?
Join us as we explore the global trends of battery metals and battery storage solutions in the U.S. power and technology sectors.
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