1. https://tradingeconomics.com/commodity/lithium
2. https://www.economist.com/the-economist-explains/2022/06/09/...
1. https://tradingeconomics.com/commodity/lithium
2. https://www.economist.com/the-economist-explains/2022/06/09/...
I think it's reasonable to expect energy storage to become cheaper purely by the mechanisms of capitalism. The market for energy storage scarcely existed 4 years ago -- there were a handful of pumped hydro storage plants and one compressed air energy storage plant and that was it. The US had 1.5 GW of battery capacity in 2020; we added 5.1 GW of capacity this year and currently scheduled projects will bring 30 GW of battery capacity online by 2025 (per the EIA).
It's clear from the current buildout and the current price of solar that there will be a large market for energy storage in the next 10-20 years. That means there is a large market opportunity to build grid energy storage and to increase production of the entire supply chain for grid energy storage. I would be surprised if it is not met.