All countries

Utility scale battery storage costs fall to US$125 per kWh

Utility scale battery storage costs fall to US$125 per kWh

Core equipment costs can rise to around US$100 per kilowatt-hour or more in markets with higher tariffs, among others.

Power sector shift drives coal consumption down after record 2025

Coal usage will decline due to increasing competition with other energy sources.

Global power grid investment reaches US$359b in 2024: report

But it fell short of the USD671b annual investments needed to be reached between 2025 and 2030, IRENA said.