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DOE plan to fast track storage technologies aims to slash prices to $0 05/kWh for stationary storage

Dive Brief: The U.S. Department of Energy has set a goal of cutting the cost of storage to $0.05/kWh for stationary storage, and $80/kWh for 300-mile range EV battery packs by 2030, in a new roadmap that will guide the agency s plan for researching and developing energy storage technologies. By adopting a five-pronged approach to achieving this goal, the DOE hopes to develop research, development and manufacturing jobs tied to the energy storage industry within the U.S., as well as ensure storage technologies become cost-competitive with conventional energy sources. Stationary and transportation energy storagecombined are expected to grow 3-5 times by 2030, with electric vehicles accounting for the majority of that growth, according to a market report that accompanied the roadmap s release on Monday.

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