The lightbulb of the 21st century: The battery revolution illuminates a new era
https://english.elpais.com/technology/2024-08-25/the-lightbulb-of-the-21st-century-the-battery-revolution-illuminates-a-new-era.html
The lightbulb of the 21st century: The battery revolution illuminates a new era
https://english.elpais.com/technology/2024-08-25/the-lightbulb-of-the-21st-century-the-battery-revolution-illuminates-a-new-era.html
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**Increasingly advanced energy storage systems hold the key to a true paradigm shift, both when it comes to economic growth and climate change**
The last step toward the definitive explosion of renewables and mass electrification is about to be completed. The technological acceleration, the growing economies of scale, and the proliferation of manufacturers (some even warn of the risk of overcapacity) have drastically reduced the price of batteries.
Today, they cost, on average, a little less than 50% of what they did just 18 months ago, and 90% less than a decade ago. A drastic drop of unimaginable proportions, which has opened up opportunities on two key fronts: battery-powered vehicles and the decarbonization of the electricity generation sector.