Image: Hrant Khachhatryan, Unsplash
By ESS News
As the prices of energy storage fall and production costs fall, the global cathode and bess producers are under significant pressure to constantly improve their products or facial consolidation, or even extinction, in an increasingly competitive mid -stream battery production market.
Cru states that the BESS industry is starting to switch from a cost reduction phase to a performance improvement phase, comparable to the transition that took place on the solar market with the evolution from multi-jershostin to monocrystalline liabilities contact technology between 2015 and 2019.
In the case of energy storage, that means a shift from lithium nickel manganese cobalt (NMC) oxide to LFP cells and optimizes the core industry of dollars per kilowatt hour. The graphs in this article compare the earlier cost reduction that has been observed in solar technology (below) with what is happening today in the battery space.
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