As announced last month, Microsoft has doubled_the free storage for OneDrive users to 15GB from 7GB,_and Office 365 subscribers will get 1 TB of OneDrive storage up from 20GB. To support this change, Microsoft has added another 10 petabytes of capacity to OneDrive via Microsoft Azure. New and existing personal OneDrive accounts will come with: 15 GB of free storage (up from 7 GB) 1 TB of additional OneDrive storage with an Office 365 Home/Personal/University subscription (up from 20 GB) The option to buy additional storage at much lower prices, starting at 100 GB for $1.99 per month. People who use OneDrive for Business now have a 1 TB quota (up from 25 GB). Also, if you just want more storage instead of Office 365 subscription, the new dramatically reduced monthly prices will be $1.99 for 100 GB (previously $7.49) and $3.99 for 200 GB (previously $11.49). If you haven’t yet signed up for OneDrive, you can learn more and sign up at http://onedrive.com/.

The rest of the story...
Microsoft News