Behind the numbers: BNEF finds 40% year-on-year drop in BESS costs
BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.

BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.
A growing industry trend towards larger battery cell sizes and higher energy density containers is contributing significantly to falling battery energy storage system (BESS) costs.
Our Year in Review Q&A series continues as we speak with Andrew Gilligan, senior director for commercial strategy at Fluence.
System integrator Fluence will provide 200MW/400MWh of BESS for dependent power producer (IPP) DTEK’s projects in Ukraine.
Utility Eneco will optimise a BESS project in the Netherlands that, at 31.6MW/126.4MWh, will be the country’s largest when it comes online before the end of the year.
In this installment of our Year in Review series, we hear from developer and independent power producers (IPPs) Econergy and Ingrid Capacity, both active in the European market.
France-headquartered IPP Neoen has started construction work on a 45MW/90MWh BESS project in Saxony-Anhalt, Germany, set to come online in 2026.
Attorney Seth Hilton discusses “a new dynamic for energy storage resources” around resource adequacy in California’s CAISO market.
A bill aimed at creating a pilot programme to incentivise energy storage deployment in New Jersey has advanced through the US state’s legislature after senators voted in its favour.
Energy density is becoming a key tool in optimising the economics of battery energy storage projects as suitable sites become harder to find. Ben Echeverria and Josh Tucker from engineering, procurement and construction (EPC) firm Burns & McDonnell explore some of the considerations of designing projects on constrained land.