Lithium-Ion Battery Pack Prices Drop to Record Low
Lithium-ion battery pack prices have dropped to a record low of $115 per kilowatt-hour, representing a 20% decrease from 2023 and the biggest annual drop since 2017. According to an analysis by BloombergNEF (BNEF), the figure is a global average, with prices varying between countries. Cell manufacturing capacity, economies of scale, low metal and component […]
Canada’s EVLO Delivers First BESS to California for 12 MW Project
Battery energy storage systems (BESS) provider EVLO Energy Storage Inc. announced the successful delivery of battery units for its first BESS project in California. The project has a capacity of 12 MW/64 MWh and will be commissioned in Spring 2025. It will enable greater solar energy integration, peak shaving, and frequency and voltage regulation. […]