According to BNEF, battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% decrease from 2024. This represents the steepest decline among all lithium-ion battery use
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The average for the long-duration battery storage systems was 21.2 MWh, between three and five times more than the average energy capacity of short- and medium-duration battery storage systems.
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New York, Decem– Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to
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Lithium-ion battery prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said.
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The latest capex and Levelised Cost of Storage (LCOS) for large, long-duration utility-scale Battery Energy Storage Systems (BESS) across global markets outside China and the US
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The cost of lithium-ion batteries per kWh decreased by 20 percent between 2023 and 2024. Lithium-ion battery price was about 115 U.S. dollars per kWh in 202.
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Average lithium-ion battery pack costs fell 8% to $108/kWh in 2025, a 93% drop since 2010. China leads at $84/kWh with LFP, while stationary storage packs hit benchmark lows of
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BloombergNEF''s 2025 survey finds average lithium-ion pack prices dropped 8% to $108/kWh, driven by LFP adoption, overcapacity, and competition. Stationary storage costs plunged
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Lithium-ion battery pack prices fell 20% in 2024 to $115/kWh. Discover what this means for EVs, battery energy storage systems, and commercial & industrial energy storage.
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Lithium-ion battery pack prices fell to a record $108/kWh in 2025, fueled by LFP adoption and global competition.
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