Global: In 2024, Tesla deployed 31.4 GWh of energy storage, a 213% increase from 2023. Bloomberg New Energy Finance forecasts almost 2.4 TWh of battery energy storage by 2030.
Global: Battery cell costs have fallen approximately 29% for every doubling of market size.
Global: A new generation of "3xx Ah" lithium ferro-phosphate (LFP) cells offers higher energy density and lower unit costs.
Global: In 2024, average energy storage system (ESS) pricing fell 40% to $165/kWh. Chinese ESS prices averaged $66.3/kWh in December 2024.
USA: The Green River Energy Center in Utah, featuring a 400 MW solar plant and a 1600 MWh battery facility, is nearing completion and is planned to come online in 2025.
USA: Meta-supported projects are adding 1719 megawatts of renewable energy in Utah.
Tesla Deploys 31.4 GWh of Energy Storage, Utah's Green River Energy Center Nears Completion with 400 MW Solar and 1600 MWh Battery
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Battery Oversupply and Price Drops Challenge Energy Storage Amidst Rising Protectionism Globally
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