The battery pack costs for a 1 MWh battery energy storage system (BESS) are expected to decrease from about 236 U.S. dollars per kWh in 2017 to 110 U.S. dollars per kWh in 2025. During this period, demand for battery packs will also go up.
Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025
(in U.S. dollars per kWh)
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Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025
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The source material was a joint publication by National Rural Electric Cooperative Association, National Rural Utilities Cooperative Finance Corporation, CoBank, and NRTC.
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National Rural Electric Cooperative Association. (April 18, 2019). Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025 (in U.S. dollars per kWh) [Graph]. In Statista. Retrieved April 10, 2025, from https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/
National Rural Electric Cooperative Association. "Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025 (in U.S. dollars per kWh)." Chart. April 18, 2019. Statista. Accessed April 10, 2025. https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/
National Rural Electric Cooperative Association. (2019). Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025 (in U.S. dollars per kWh). Statista. Statista Inc.. Accessed: April 10, 2025. https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/
National Rural Electric Cooperative Association. "Projected Decline in Battery Pack Costs for a 1 Mwh Lithium-ion Battery Energy Storage System (Bess) between 2017 and 2025 (in U.S. Dollars per Kwh)." Statista, Statista Inc., 18 Apr 2019, https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/
National Rural Electric Cooperative Association, Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025 (in U.S. dollars per kWh) Statista, https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/ (last visited April 10, 2025)
Projected decline in battery pack costs for a 1 MWh lithium-ion battery energy storage system (BESS) between 2017 and 2025 (in U.S. dollars per kWh) [Graph], National Rural Electric Cooperative Association, April 18, 2019. [Online]. Available: https://www.statista.com/statistics/1103438/projected-battery-pack-costs-decline/
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