6 GWh BESS tender with average bid at $65/kWh
The average bid stood at CNY 0.473/Wh ($65/kWh). Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy
BloombergNEF recently noted a global average price for BESS (without PCS or EMS) of US$125 per kWh, for example. Kubik suggested the tender's requirements implied it covered an AC block solution. Energy-Storage.news looked at the move towards PCS-integrated AC blocks in a recent article (Premium access).
A BESS project in Zhangjiakou that Power China worked on. Image: China Power Construction Group.
The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh). Public procurements in China continue to demonstrate exceptionally low price levels for lithium-ion phosphate (LFP) battery energy storage systems (BESS).
Basically the sigmoid of cost curve reduction had reached its shift in the curve to flattening again. And now LFP BESS are coming in at an average of $66 per kWh. Of course, that's in China.
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