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Global lithium-ion battery pack prices fall to $108/kWh, says BNEF

While the pace of price decreases has slowed, lithium-ion battery packs have reached a new record low in 2025. According to the latest analysis by BloombergNEF (BNEF), prices have fallen...

BNEF: Why Global Battery Prices Are Expected to Fall in 2026

Battery prices are forecast to drop next year due to a glut of manufacturing capacity in China, increased competition and a shift to lower-cost technology.

Battery pack prices decline 8% to new low in 2025

BNEF expects pack prices to decline again in 2026, while over the long term, research and development (R&D) investment, manufacturing efficiency and supply chain expansion is seen to drive further

BNEF: Bigger cell sizes, 5MWh containers among major BESS cost

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.

BNEF finds 40% year-on-year drop in BESS costs

However, while the falling prices of materials significantly helped along the drop last year (also evident in a 20% fall in average battery pack prices), there are a myriad of other factors which

How cheap is battery storage?

The price of Lithium Iron Phosphate (LFP) battery cells for stationary energy storage applications has dropped to around $40/kWh in Chinese domestic markets as of November 2025.

New Record Lows for Battery Prices | BloombergNEF

BNEF clients can access the full report and breakdown by segment, geography and chemistry here, along with the outlook for prices in 2026 and beyond.

Battery storage system prices continue to fall sharply,

Global average prices for battery storage systems fell by almost a third year-over-year, with sharp cost declines expected to continue.

Lithium-Ion Battery Pack Prices Fall to $108 Per Kilowatt-Hour,

BNEF expects pack prices to decrease again in 2026, based on its near-term outlook, as raw material prices face upward pressure but adoption of low-cost LFP continues to spread.

Global energy storage system prices hit record low as costs fall 31%

BNEF says the decline is driven by continued reductions in lithium-ion battery prices, rising supplier competition and a shift to higher-energy-density cell and container designs.

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