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by toomuchtodo 2418 days ago
> I anticipate that rate to accelerate

Historical cost declines would agree with that thesis. Renewables will approach a price so close to 0 that the battery storage will be the dominate cost in supplying dispatchable energy (but still a lower cost than fossil fuels). Utility lithium battery storage is already cheaper than the most expensive peaking plants, and the cost model improves as costs continue to decline.

https://data.bloomberglp.com/professional/sites/24/Capture2....

https://about.bnef.com/blog/behind-scenes-take-lithium-ion-b... (A Behind the Scenes Take on Lithium-ion Battery Prices)

https://www.nrel.gov/docs/fy19osti/73222.pdf (PDF: NREL Cost Projections for Utility-Scale Battery Storage)