Energy storage projects are currently facing high costs, but there are ongoing efforts to reduce these expenses. According to a survey by BloombergNEF, while long-duration energy storage is becoming increasingly competitive, it is unlikely to match the cost reductions seen in lithium-ion batteries1. The U.S. Department of Energy is actively working to reduce costs by 90% for storage systems that deliver over 10 hours of duration within the next decade2. Innovations in technologies, particularly lithium-ion and sodium-ion batteries, have also contributed to cost reductions in the energy storage sector3. Overall, while energy storage projects may have high costs, advancements and government initiatives are aimed at making them more affordable in the future4. [pdf]
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Key takeawaysOn the EnergySage Marketplace, the most popular solar systems mainly include Panasonic or REC solar panels and Enphase inverters.In the first quarter of 2022, the most commonly quoted and selected solar systems on the Marketplace nationwide included Panasonic EverVolt solar panels (370 W) and Enphase IQ7 microinverters.More items [pdf]
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