Battery costs have been coming down dramatically in recent years with many people waiting for the “right price”. Bloomberg New Energy Finance reported last year that battery prices have dropped 76% since 2012.
But the range of battery prices in the market is very wide. We are aware of prices as low as $680/kWh and as high as $1500/kWh. New Energy Ventures is currently running a Dutch Auction (descending price auction) for high-spec PowerTec batteries where the starting price is $1250/kWh.