GCL, a large Chinese company, has unveiled a new lithium-ion energy storage system at a price point that some consider to be shocking. Called the EKwBe, it has a seven year warranty, a ten year expected lifespan, and comes in two varieties. A 2.5 kilowatt-hour system that wholesales excluding GST for $1,499 and a larger 5.6 kilowatt-hour system that wholesales for $2,999. This is the lowest price that has been offered for any comparable energy storage system and I believe that it, or something similar, has the potential to change the world.
Update: 1st December 20016. The GCL EKWBE battery currently appears to be retailing for around $3,600 inc GST. This doesn’t give it a cost per warranted kilowatt-hour as low as the announced Tesla Powerwall 2, but it will be interesting to see if GCL will cut its price further in response once the Powerwall 2 is actually available for installation.
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