Price decline on energy storage could beat records

Over recent years, the energy sector has watched in awe while the price on solar panels in particular has fallen dramatically. Now it seems that this price decline will soon be exceeded by battery technology.

by MATHIAS ØRSBORG JOHANSEN

While just a few years ago it was far too expensive to invest in storage systems for renewables, the sector is now facing a major price decline which surpasses even the solar panel industry, concludes a new study from University of California and Technical University Munich, according to PV Magazine.

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