BNEF forecasts that pack prices will decrease again in 2026. While raw material prices continue to apply upward pressure, the continued spread of low-cost LFP and ongoing improvements
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
Lithium-ion battery pack prices fell 20% in 2024 to $115/kWh. Discover what this means for EVs, battery energy storage systems, and commercial & industrial energy storage.
Cell manufacturing overcapacity and intense competition contributed to an 8% year-on-year decline in the average cost of lithium-ion battery packs, according to BloombergNEF (BNEF).
According to BNEF, battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% decrease from 2024. This represents the steepest decline among all lithium-ion battery use
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.
Up-to-date lithium battery cost guide with a detailed USD/Wh table: wholesale pack averages, and retail examples (EcoFlow, BLUETTI, Jackery, UDPOWER). Learn what drives $/Wh
Why Are Lithium Battery Prices Falling? The decline in prices is attributed to several factors, including excess battery cell production capacity, economies of scale, low metal and
Real-time lithium pricing and dynamic price charts. Stay informed on lithium pricing and access the latest news in the lithium market.
BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
Scelto Energy Africa is a leading energy storage equipment manufacturer and integrator based in South Africa, serving the African market. We specialize in lithium-ion batteries for residential, commercial and industrial use, system-level battery management systems (BMS) for optimal performance and safety, energy conversion systems (PCS) for efficient power flow, energy storage battery system cabinets with integrated monitoring, communication cabinets for telecom and data centres, commercial & industrial energy storage cabinets for factories and warehouses, integrated PV-storage systems for seamless solar plus storage operation, distributed energy resources for microgrids and off-grid applications, and deep discharge battery technology for extended cycling. As a full-service provider, we also offer containerised BESS, modular battery racks, backup emergency power, and zero‑carbon microgrids. Our advanced lithium‑ion and sodium‑ion solutions ensure safety, scalability, and high performance for residential, commercial, industrial, and utility projects across Africa.
Our modular energy storage portfolio ranges from compact lithium-ion batteries to 20ft/40ft mobile containers and outdoor all-in-one storage cabinets with IP54 protection. We are a leading energy storage equipment manufacturer, offering communication cabinets for 5G/telecom, server racks for data centers, and IP54 rated enclosures for harsh environments. Our stackable design allows flexible capacity expansion, while our grid-forming technology ensures stable off‑grid operation. Whether for off‑grid power systems, backup emergency power, integrated PV-storage or large zero‑carbon parks, our products feature advanced thermal management, deep discharge cycling, and compliance with African and international standards. We also provide professional energy storage system installation and after‑sales support across Africa.