• PRESS RELEASEBattery Storage Costs Hit Record Lows as Costs of Other Clean Power Technologies Increased: BloombergNEFClean EnergyFebruary 18, 2026 PRESS RELEASEBattery Storage Costs Hit Record Lows as Costs of Other Clean Power Technologies Increased: BloombergNEFClean EnergyFebruary 18, 2026 PRESS RELEASE Battery Storage Costs Hit Record Lows as Costs of Other Clean Power Technologies Increased: BloombergNEF Clean Energy February 18, 2026 New York, February 18, 2026- Clean power costs sent mixed signals in 2025. • According to BloombergNEF’sLevelized Cost of Electricity 2026report, the cost of battery storage projects plummeted to new lows in 2025 even as most other clean power technologies became more expensive. • BNEF’s global benchmark costs for solar, onshore wind and offshore wind costs all rose in 2025, reversing the downward trend seen in recent years, due to a combination of supply chain constraints, poorer resource availability and market reforms in mainland China.Despite global rising protectionism, supply-chain challenges and higher financing costs, BNEF expects innovation and competition will continue to lead to declining clean-energy technology costs. • By 2035, BNEF forecasts LCOE reductions of 30% in solar, 25% in battery storage, 23% in onshore wind and 20% in offshore wind.BNEF’s data shows that the global benchmark cost for a four-hour battery project fell 27% year-on-year to $78 per megawatt-hour (MWh) in 2025 - a record low since BNEF began tracking costs in 2009. • Lower pack prices, increasing competition among manufacturers and improved system designs all contributed to the rapid decline. • Falling battery costs are also accelerating the buildout of co-located renewable projects.

Article Summaries:

  • BloombergNEF’s 2026 Levelized Cost of Electricity report shows 2025 as a mixed year for clean power. Battery‑storage projects hit a record low, with the global benchmark for a four‑hour system falling 27 % to $78 MWh⁻¹, driven by lower pack prices, competition and improved designs. In contrast, solar, onshore wind and offshore wind costs all rose-solar up 6 % to $39 MWh⁻¹, onshore wind slightly higher, and offshore wind climbing 12 % to $100 MWh⁻¹-due to supply‑chain constraints, poorer resources and market reforms in China. Gas‑plant costs also spiked, with combined‑cycle gas turbines reaching a record $102 MWh⁻¹. BNEF expects continued cost declines through 2035, but 2025 remains a year of divergent trends.

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