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State energy minister says impact of home storage in "baking hot summer" shows grid at turning point

Summary by Renew Economy
NSW energy minister Penny Sharpe says rise in home storage has created "turning point" for reliability and prices on the grid, even with a "baking hot summer."
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Read more... 07 May 2026 - 15:41 The price of lithium batteries put on the world market by China has been divided by ten since 2010. Past below $100/kWh in 2020, this price reaches $60 to $65/kWh currently on the Chinese market, as seen on the Internet. This reduces the cost of purchasing an individual pack of 30 kWh, from the size of a washing machine, to $1,800 - $2,000 to associate it with a 10 kW solar installation.(1) In California, the low…

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Renew Economy broke the news on Thursday, May 7, 2026.
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