Lithium Batteries For Solar Can Soon Rival Conventional Power
The average price of power utilities are charging is now 25 cents per kWh. Battery expert Margarete Wohlfahrt-Mehrens from the Centre for Solar Energy and Hydrogen Research Baden-Wurttenberg estimates the storage costs of lithium-ion batteries to be the same.
Furthermore, they could be nearly halved in a matter of years, as lithium technology becomes cheaper. The considerable decline in costs will be due to mass production and new innovations, which lead to higher efficiency in production.
Solar power is already generated at a cost as low as 12 cents per kWh in Germany, leader of the solar world. Germany already intends to advance the solar battery technology until the industry is mature enough to stand on its own feet. Till then, it is only a matter of time.
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