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Decreasing Costs of Batteries

The growth in electric vehicles has spurred increased innovation and manufacturing of batteries. Companies like Panasonic — who is one of the largest suppliers to EV manufacturers — are making battery cells and modules for storage systems. 

Other large, multi-national companies like LG, Samsung, BYD, CATL are ramping up production as well. This will continue to increase capacity and reduce costs for battery systems. 

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