Yhn EnvironmentEnergy first seen 20 h ago, last 15 min ago, peak #1
Four-hour battery storage now cheaper to install than gas turbines worldwide
Original: 4-hour battery storage is cheaper to install than gas turbines all across globe
A new report finds that four-hour battery storage systems are cheaper to install than new gas turbines in every region of the world, marking a turning point in power sector economics. Industry observers say the cost decline in lithium-ion batteries is accelerating the shift away from fossil fuel peaker plants, with utilities and regulators expected to factor the findings into future capacity planning decisions.
Why now: A reported global cost crossover between battery storage and gas turbines has major implications for energy policy and investment.
gas turbinesbattery storageSolar Power World
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