Lithium-Ion Battery Pack Prices Hit Record Low at $108/kWh
BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
BloombergNEF finds 2025 lithium-ion battery pack prices dropped to $108/kWh amid LFP shifts and overcapacity; China saw the steepest declines.
Historical prices adjusted by the source to reflect real 2025 U.S. dollars. Includes battery cell and pack prices
Annual operational costs for utility scale battery storage projects are typically low – around 2% of capex. We assume 2%, equivalent to $2.5/kWh/year, which covers routine
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
The data includes an annual average and quarterly average prices of different lithium-ion battery chemistries commonly used in electric vehicles and renewable energy storage.
According to the latest analysis by BloombergNEF (BNEF), prices have fallen 8% since 2024 to $108/kWh, making them 93% lower than in 2010.
New York, December 9, 2025 – lithium-ion battery pack prices have dropped 8% since 2024 to a record low of $108 per kilowatt-hour, according to latest analysis by research provider BloombergNEF (BNEF).
As solar and wind adoption accelerates, the per kWh price of battery systems determines whether green energy can truly replace fossil fuels. In 2023, lithium-ion batteries averaged $150-$200 per kWh
Global average prices for battery storage systems fell by almost a third year-over-year, with sharp cost declines expected to continue.
Energy storage systems are another fast-growing source of demand. Utilities expanding solar and wind energy need lithium-based batteries to store surplus electricity.
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