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Battery Storage Costs Dropped to Record Low in 2025: BNEF

The LCOE for a four-hour energy storage system stood below $100/MWh in six markets

February 23, 2026

/ Melvin Mathew
/ Energy Storage, Market & Policy
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The cost of battery storage projects reached all-time new lows in 2025, even as the cost of other renewables saw an increase, according to BloombergNEF’s (BNEF) Levelized Cost of Electricity (LCOE) 2026 report.

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Melvin Mathew

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Battery storageBNEFGlobal PricesLCOEOnshore WindSolar
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