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.
Indonesia has recently launched a 5 megawatt Battery Energy Storage System (BESS). The new energy storage system is a device that enables energy from renewables to be stored and then released based on the needs of the customer.
Located in Barrio Logan, the Peregrine Energy Storage Project cost $106 million and was developed by clean energy firm Arevon. It uses Tesla's Megapack technology and is designed to store enough electricity to power 200,000 homes for two hours during peak demand periods each day.
Ofgem has now confirmed 77 are eligible to move forward, covering a range of technologies including lithium-ion and flow batteries, as well as pumped hydro systems that use stored water to generate electricity on demand.
The Minsk Energy Agency has been quietly leading Belarus' charge in this space, deploying cutting-edge energy storage solutions that blend Soviet-era grid resilience with 21st-century innovation.
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