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Home » Energy Storage » Lithium-Ion Battery Pack Prices Hit Record Low, Down 14% in 2023: BloombergNEF
Energy Storage

Lithium-Ion Battery Pack Prices Hit Record Low, Down 14% in 2023: BloombergNEF

By Stanley SheltonNovember 28, 20232 Mins Read
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Energy Storage. (Credit: Sembcorp-Industries)
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The price of lithium-ion battery packs has experienced a significant drop of 14% in 2023, reaching a record low of USD 139 (EUR 127) per kWh, as revealed in a new report by BloombergNEF (BNEF) released on Monday. This marks a reversal from the unprecedented rise observed in 2022 and can be attributed to decreases

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