BNEF: Battery pack prices for stationary storage fell to $70/kWh in 2025, 45% lower than in 2024.

BNEF: Lithium-ion battery pack prices fall to $108/kWh, stationary storage becomes lowest price segment



by Economy-Fee5830

3 comments

  1. #Summary: Battery Pack Prices Hit Record Low of $108/kWh

    BloombergNEF’s latest survey shows lithium-ion battery pack prices fell 8% to $108/kWh in 2025—93% lower than 2010 levels. Despite rising battery metal costs, manufacturing overcapacity and intense competition drove prices down.

    **Key Highlights:**

    **Stationary storage emerged as the cheapest segment** at $70/kWh (down 45% from 2024)—the steepest decline across all categories. Battery-electric vehicle packs held at $99/kWh, remaining below $100/kWh for the second year.

    **Chemistry breakdown:** LFP packs averaged $81/kWh while NMC packs cost $128/kWh. The shift to cheaper LFP chemistry helped offset rising metal costs.

    **Regional differences:** China led at $84/kWh, with North America and Europe paying 44% and 56% premiums respectively due to higher local production costs and imported battery markups. China saw 13% price drops, while aggressive Chinese export pricing to Europe (amid US tariffs) drove 8% declines there versus 4% in North America.

    **Market dynamics:** Chinese cell oversupply fueled cutthroat competition, particularly in stationary storage. Higher lithium and cobalt costs were absorbed through LFP adoption, long-term contracts, and hedging rather than passed to customers.

    BNEF expects continued declines through 2026 and beyond, supported by expanding LFP adoption, manufacturing efficiency gains, and emerging technologies like silicon anodes and solid-state electrolytes.

  3. That’s the thing with those arguing for fossil fuels. You can’t compare to alternative energy as if they are two mature sources. One is getting cheaper and better in leaps and bounds. And will continue to have huge advancement for a good while.

Comments are closed.