1. Study: Batteries and Clean Energy will Outcompete Fossil Fuels by 2020

    Study: Batteries and Clean Energy will Outcompete Fossil Fuels by 2020

    Energy storage prices are falling rapidly, allowing new combinations of solar, wind, and energy storage to “outcompete” the costs of coal and natural gas plants, according to a new study. Research and development investment for energy storage projects have brought the cost of a lithium-ion battery down from $10,000 per kilowatt-hour in the early 1990s to an expected $100 per kilowatt-hour in 2018, the researchers said. Residential solar and electric battery storage could become cost-competitive with grid electricity by 2020, they added.

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