The significant decline in cost of utility-scale battery storage, particularly from imports from China, has made it possible to supply energy storage products at economically and affordable prices.
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The tender attracted 76 bidders, with quoted prices ranging from $60.5/kWh to $82/kWh, averaging $66.3/kWh. Notably, 60 of the bids were below $68.4/kWh, signaling competitive pricing
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State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing
With these latest BESS prices, 100% tariffs just means that Chinese EVs will still be cheaper than American ones, and that no one in the world will consider American (or European) cars.
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The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh). Public procurements in
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