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Brookfield Renewables has reported a 60% reduction in battery storage costs over the past two years, enhancing grid dynamics and long-term contracts. CEO Connor Teskey noted that battery storage is now the fastest-growing segment of their platform, with plans to quadruple capacity to over 10 GW in three years following the acquisition of Neoen for $11 billion. The company is responding to rising energy demand by shifting customer contracts towards long-term capacity agreements and focusing on solar and onshore wind technologies.