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Energy storage systems cost update United Kingdom
Battery energy storage capex is falling, a lotThe cost of building a new battery energy storage system has fallen by 30% in the last two years.In 2022, a new two-hour system would have cost upwards of £800k/MW to build. In 2024, that figure is £600k/MW.Cost reductions are expected to continue into 2025 and beyond. [pdf]
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