<
https://reneweconomy.com.au/battery-prices-plunge-60-pct-in-two-years-changing-face-of-grid-and-the-nature-of-contracts/>
"The new owner of one of the most successful battery storage and renewable
energy developers in Australia and the world, says battery storage costs have
fallen 60 per cent and changed the face of the grid as well as the nature of
long term contracts.
The observations were made early Saturday (US time) by the head of Brookfield
Renewables, the global monolith that just over a year ago snapped up the assets
of Neoen – the French-based company that has led the energy transition in
Australia – for $11 billion.
“Make no mistake, batteries are the fastest growing part of our platform today,
and we expect that to continue,” Connor Teskey, the CEO of Brookfield Renewable
Partners, told analysts in a call to discuss the company’s full year earnings.
“This is really driven by … the simple fact that battery costs have come down
so dramatically over the last decade. They’ve come down more than 60% over the
last 24 months, and as a result, they are becoming an increasingly economic
solution in more and more markets around the world.
“This dynamic continues, costs continue to go down, technology advances
continue to be made, and therefore, we are seeing batteries as a potential
solution in more and more of our projects and in more and more of our
markets.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
