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Total installed cost of a battery storage project worldwide from 2014 to 2024 (in U.S. dollars per kWh)

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Release date

December 2025

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Region

Worldwide

Survey time period

2014 to 2024

Special properties

fully installed and commissioned battery storage projects

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The installation cost of a battery storage project declined from U.S. dollars per kWh in 2014 to *** U.S. dollars per kWh in 2024. Simplified deployment processes and reduced project risk have driven rapid cost reductions in battery installations over the last decade.

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