In 2024 alone, average system prices plunged 40% globally to $165/kWh, with China hitting jaw-dropping $85/kWh for 4-hour systems.
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Battery storage prices in the Philippines vary depending on size and chemistry. Lithium-ion systems usually cost between fifteen and twenty-five thousand pesos per kilowatt-hour.
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As of recent estimates, the average cost is around $250 to $400 per kilowatt-hour (kWh) of storage capacity, equating to approximately $0. 40 per watt, depending on system design and size.
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In 2025, the global average price of a turnkey battery energy storage system (BESS) is US$117/kWh, according to the Energy Storage Systems Cost Survey 2025 from BloombergNEF (BNEF), published last week (10 December). That was a 31% decline from 2024 numbers.
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