Battery Costs Drop 60% In The Last Two Years

Connor Teskey, the CEO of the global monolith Brookfield Renewable Partners, told analysts in a call to discuss the company’s full year earnings.

“This is really driven by the simple fact that battery costs have come down so dramatically over the last decade. They’ve come down more than 60% over the last 24 months, and as a result, they are becoming an increasingly economic solution in more and more markets around the world."

"This dynamic continues, costs continue to go down, technology advances continue to be made, and therefore, we are seeing batteries as a potential solution in more and more of our projects and in more and more of our markets."