How much battery storage capacity will Texas have in 2025?

Developers in Texas are expecting to bring 7.0 GW of battery storage capacity online in 2025, with much of that capacity coming online in the second half of the year. Developers retired relatively little generating capacity in the first half of 2025.

How long does a 2025 battery last?

Battery companies claim up to 10 years of shelf life when properly stored. Yet, most of the batteries need replacement in 3 to 4 years. One thing to add, the 2025 battery will give a slightly shorter service life than 2032 in similar applications. When you get confused between 2025 and 2032 batteries, do not bother much.

How many GW of solar generating capacity are there in 2025?

Developers added 12 gigawatts (GW) of new utility-scale solar electric generating capacity in the United States during the first half of 2025, and they plan to add another 21 GW in the second half of the year, according to our latest survey of electric generating capacity changes.

How many GW of electric generating capacity will be retired in 2025?

Of the 8.7 GW of electric generating capacity that U.S. operators plan to retire during 2025, only 2.0 GW was retired in the first half of the year.

Will low Lithium prices affect battery prices in 2025?

In 2025 these conditions will persist and aided by low lithium prices, will continue to put downward pressure on battery prices. In China, battery prices already dipped below $100 per kWh in 2024. Whether we see these low prices around the world in 2025 will depend on trade dynamics for major auto markets, including tariffs.

Why did battery prices fall 20% in 2024?

In 2024, global average battery prices fell 20% to $115 per kWh, driven by excess production capacity in China and burgeoning low-cost battery chemistries like lithium iron phosphate. In 2025 these conditions will persist and aided by low lithium prices, will continue to put downward pressure on battery prices.