Microsoft updates storage plans of SharePoint Online for enterprise users. In a April 24 blog post, Microsoft said they were responding to customers requests for cheaper storage, "Your feedback was clear: "We need more online storage and it needs to be cheaper."
So we adjusted the SharePoint Online service accordingly--both in per tenant storage quota limits and the cost of additional storage. Now, you can be less constrained as you plan your content management strategy and determine how and where you share files and manage projects," posted SharePoint Online Team.
According to blog post, tenant storage quota limit is increased up to 25 terabytes(TB) - "Individual customers (tenants) can now consume up to 25TB of data and content, compared to the previous per tenant limit of 5TB. As a result, storage limits are no longer such a barrier. Additional storage costs decrease--A 92 percent price reduction," the team said.
Along with the recent price reductions across Office 365, the SharePoint Online additional storage add-on has decreased by 92 percent effective immediately. The reduction translates to a drop from U.S. $2.50 per GB/month, to $0.20 per GB/month.
According to the post, users get a set amount of SharePoint Online content and data storage by default, with "seats" referring to individual user licenses. That amount can be figured using the following equation:
Total available tenant storage quota 10GB + (500MB * E1-E4 seats) + purchased additional storage
(Note: Kiosk workers (K1 & K2) and external users do not contribute to the total available tenant storage quota."
In addition to overall combined company storage, every user that gets a My Site (E1-E4) will also get 500MB of personal storage. My Sites are a central location to store and manage documents, favorite links, and personal blog and wiki pages.