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In the past several decades, the price of solar energy and wind power has dropped precipitously, which has {} the development of those renewable energy technology. Increasingly, utilities are currently looking for a prospective grid controlled by wind and solar. Which will require adjustments in grid control and transmission upgrades in addition to the accession of storage to smooth out the distribution from varying generators.
Grid storage is still fairly early days, but we are already seeing enormous price reductions as the business evolves. The US Energy Information Administration (EIA) emphasized this lately, demonstrating that grid-scale battery-project prices in the USA fell 70% in only a couple decades.
Between 2015 and 2018, typical job costs fell from $2,152 a kilowatt-hour of storage for $625. Prices {} to drop {} for grid to climb, but that is a massive progress in a brief time period.
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