Heard someone say

"A bet on thermal generation capacity today is a bet against battery prices in 2040..."

I really think we should be paying more attention to this graph
Reposted from Evelina Stoikou
The results from BloombergNEF's 2024 lithium-ion battery price survey are out. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour. This is the largest decline observed in our survey since 2017. 🧵⬇️

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