THE BATTERY MIRACLE * USA: Study
* New York - Will transform both transportation and power generation
--- Low-cost, high-performance electric batteries are a game changer for the two key clean energy sectors: power generation and transportation. They enable much greater adoption and penetration of both renewable energy and electric vehicles — not just electric cars but electric buses and electric planes... Since lithium-ion batteries have only just crossed the key price point for enabling widespread usage in both sectors — $300 per kilowatt-hour — we are really just at the beginning of the battery-driven clean energy revolution... And as battery costs and performance continue to improve, they will find a growing use in the electricity storage market. Remember, the BNEF chart above is just for lithium-ion batteries for EVs... And these remarkable projections may actually be conservative because they don’t appear to include the likelihood that “used” or “second-life” EV batteries could be available in quantity with a warranty at a cost below $100/kwh in the coming years... Finally, the battery miracle is so transformational, it is driving NASA, Airbus, and many other plane manufacturers toward electrification of air travel...
New York, NY, USA - Climate Progress, by JOE ROMM - June 17, 2016