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May 30,2025

Battery Prices Drop to $55/kWh: India’s Storage Boom Next?

Battery prices have dropped nearly 50% to USD 55/kWh, significantly lowering Energy Storage System tariffs. SBI Capital Markets reports BESS tariffs now range from ₹0.22–0.28 million/MW/month. Battery costs make up over half of BESS capex, with viability gap funding critical for tariff stability.

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