Battery storage is racing even faster than the PV market did a few years ago. Costs are plummeting and new production lines are popping up all around the world. Smart people with smart ideas are leveraging venture capital and research funds. M&A activity is also accelerating with a new range of investors taking interest. But the technology battle is far from over, says Ragna Schmidt-Haupt, Partner at Energy Consultancy Everoze.
Tesla’s battery factory in Nevada, USA. Announcements from major battery players show new production lines of Li-ion based batteries are being set up all over the world. Li-ion prices have plummeted to less than one third over the last six years.
Tesla
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