$51.59/kWh for LFP chemistry in China, down 30% in 12 months.

>The cost advantage of battery storage was underlined this week by federal energy minister Chris Bowen, when asked if the federal government was thinking of allowing gas to compete with battery storage in its series of auctions under the Capacity Investment Scheme.

>“Do you know how many auctions gas has won against renewables? It’s a round number. Zero,” Bowen said.

I can’t wait for this to be available at similar prices for a single family home. Add in solar and a relatively small propane powered backup generator (harbor freight) for extended outages, and for $15k I could be completely off grid. Yes this could be implemented at the grid level, but when it’s at my house, I can crank my AC as low as I want whenever I want. Living in AZ, that’s a massive selling point. The disruption is about to be huge. If everyone in Phoenix suddenly goes off-grid, the power company is going to be stuck with a massive capital investment it can’t pay back. Unfortunately my power company is also my water company, and they will likely just crank water rates. Can’t ever get away from paying the man.