“Mind blowing:” Battery cell prices plunge in China’s biggest energy storage auction.

[Crossy]

An auction in China – the country’s biggest for energy storage – suggests that the price decline in battery cells, thanks to intense competition, technology and efficiency improvements and boosted manufacturing capacity, may be even more dramatic than that.

 

According to reports out of China, the Power Construction Corporation of China (PowerChina) has attracted 76 bidders for its unprecedented tender of 16 GWh.

 

The bids were opened on December 4, and according to PV Mag, has attracted prices ranging from $US60.5/kWh to $US82/kWh, with an averaging of $US66.3/kWh. It said 60 of the bids were below $68.4/kWh.

 

https://reneweconomy.com.au/mind-blowing-battery-cell-prices-plunge-in-chinas-biggest-energy-storage-auction/

 

[3STTW]

I while ago I got interested in manufacturing LiFePo batteries for renewable storage, I got in touch with a distributor in CH and they quoted me prices for 3.2V cells and I was shocked how cheap they were.  I'm talking about cells made by BYD, EVO, etc.

 

Obviously I ended up on their mailing list, so now I get almost weekly sales alerts - and it's almost as if they can't get rid of them fast enough.

For a couple of reasons at the time I gave up on the idea, now it seems like a real possibility.