Back in 2015, the battery storage industry had installed only a fraction of a gigawatt of battery storage capacity across the US. That year, it set a seemingly bold target of adding 35 gigawatts by 2035. The sector passed that goal a decade early this year and then hit 40 gigawatts a couple of months later.
Costs are still falling, which could help maintain the momentum for the technology’s deployment. This year, battery prices for EVs and stationary storage fell yet again, reaching a record low,…
