Part 4/7:
The report also highlights promising developments in energy storage. By 2024, battery costs are expected to decrease by one-third, falling to $104 per MWh. Projections for 2025 indicate that this price could drop below $1 or around R$576. This decrease can be attributed to a surplus in supply driven by tepid sales of electric vehicles. However, this situation foreshadows a long-term benefit: as battery storage becomes more affordable, the reliance on and integration of renewable energy sources by the average consumer is likely to surge.
The growing cost-effectiveness of installing solar panels in residential and commercial settings could lead to reduced electricity bills and a positive environmental impact, making clean energy solutions increasingly attractive.