Earlier quoted context omitted.
It's the marginal price of storing a kWh of energy. Not the price of the battery capacity itself
Right, I get that—but still don't get the math. Let's say they're buying this capacity at $300 per kWh of capacity, that the batteries last six years on average with a daily cycle, for a total of 2190 cycles. Amortizing that $300 kWh cost over 2190 cycles is $0.137 per kWh. In other words, holding the other constants the same, this company is suggesting $30 kWh batteries, which is just not yet possible as far as I'm…
Utility installations have much cheaper solutions for cooling, the balancing is much easier with lots of parallel cells, and even the chemistry benefits from smaller charge/discharge currents.
We're not down to $30/kWh yet, but we're not that far off. Certainly well below $300.