The AI economy runs on electricity. And this week, the energy industry took a historic step toward meeting that demand. On February 24, Xcel Energy announced it will supply power for a new Google data center in Pine Island, Minnesota. At the center of that agreement is a battery system unlike anything the world hasContinue reading “The World’s Largest Battery Just Made Headlines — The Energy Storage Revolution Is Just Getting Started”
Category Archives: Technology
New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas
The American Clean Power Association (ACP) today released an analysis highlighting how recent significant additions of energy storage capacity over the past year in Texas has resulted in lower energy costs for consumers, the ability to avoid conservation appeals, and has enabled the power grid to better navigate extreme weather events. Key findings include: ERCOT has confirmed theContinue reading “New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas”
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF
Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to analysis by research provider BloombergNEF (BNEF). Factors driving the decline include cell manufacturing overcapacity, economies of scale, low metal and component prices, adoption of lower-cost lithium-iron-phosphate (LFP) batteries,Continue reading “Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF”