Battery storage costs have fallen by two-thirds since 2022 and the cell chemistry currently dominates the grid barely existed at scale five years ago, and the same disruption could be about to happen again. Meanwhile, the supplier market is fragmenting rather than consolidating and the biggest names today aren't guaranteed to stay on top.
Marek Kubik has watched these shifts happen from inside the industry since the early days. He joins Ed to explain why the balance of power in battery storage keeps changing, and what's coming next.
They cover
- Why battery storage costs have fallen two-thirds since 2022 - and why that could be about to reverse.
- The real reason CATL's battery market share has dropped from 32% to 20%.
- Why sodium-ion batteries could repeat LFP's rapid takeover of grid-scale storage.
- How battery container design is changing again, from bigger cells to taller stacks.
- The battery duration limit everyone assumed was fixed - until 16-18 hour systems broke it.
Want to dig deeper into battery cell chemistry and pricing trends? Ask Ko, Modo Energy's AI analyst:
Read the companion article: [companion article link — TBC]
Chapters
00:00 Introduction
01:50 Saudi Arabia battery storage market update
02:16 UAE 24/7 renewable energy project
03:18 Solar plus battery storage economics explained
05:10 Battery storage prices: are we near the floor?
06:38 Lithium carbonate prices and battery raw material costs
08:22 Battery storage cost per kilowatt-hour explained
11:07 China battery prices and the race to $50/kWh
13:36 Sodium-ion batteries vs LFP: the next chemistry shift
21:18 CATL market share and battery supply chain competition
26:14 Battery procurement trends and container design innovation
29:39 Battery storage service, warranties and spare parts
30:54 Lessons from a decade in battery storage
32:09 Long duration energy storage and the Ofgem LDES scheme
34:48 How much renewable energy storage is enough?
38:18 Flow batteries, iron-air and CO2 energy storage
39:32 Sodium-ion's future in grid-scale battery storage
