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The need for storage increases from 2030 onwards with capex of electricity storage grows to around USD 82 billion in 2035 and further declines to USD 42 billion in 2050.
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Figure ES-2 shows the overall capital cost for a 4-hour battery system based on those projections, with storage costs of $245/kWh, $326/kWh, and $403/kWh in 2030 and $159/kWh, $226/kWh,
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