Climate Changed
How Big Will the Battery Boom Get? Try $548 Billion, BNEF Says
- Bloomberg New Energy Finance sees lithium-ion prices falling
- Matter of ‘when and how’ -- not ‘if’ batteries disrupt power
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Batteries will attract $548 billion in investments by 2050 as costs fall and homes and businesses push to use more clean energy.
That’s one of the conclusions of the New Energy Outlook released Tuesday by analysts at Bloomberg New Energy Finance. Batteries will become increasingly viable on the grid as demand for electric cars spurs manufacturing of lithium-ion systems, driving down prices.