U.S. Raises Section 301 Duties on Chinese ESS
Estimated at roughly $73 per kilowatt-hour (kWh) in 2024, the cost of Chinese lithium iron phosphate (LFP) battery cells is projected to
To navigate this complex landscape, companies need a reliable tool to predict future cost and pricing trends. This is the driving force behind Clean Energy Associates' ESS Price Forecasting Report (PFR).
In March 2024, ESS bid prices varied depending on their storage capacity, with an overall downward trajectory evident, particularly in the case of four-hour ESS bids, which hit yet another all-time low. Raw material prices for storage battery are expected to remain stable. At the outset of 2024, battery prices experienced a decline.
Combined with relatively stable material costs, ESS battery prices in January are forecast to remain steady. Manufacturers have shifted their focus amid intense competition in the ESS battery market to advancing technology and enhancing production processes.
In March, the price disparity between ESS and batteries has continued to shrink. The average price of a 280Ah/0.5C storage battery hovered around 0.38 yuan/Wh in March 2024. According to our data, the average winning price for a 2-hour ESS is approximately 0.63 yuan/Wh, resulting in a price gap of around 0.25 yuan/Wh.
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