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Utilities are starting to invest in big batteries instead of building new power plants.

BloombergNEF

Utilities are starting to invest in big batteries instead of building new power plants.

https://lnkd.in/ehFezkM.

A Behind the Scenes Take on Lithium-ion Battery Prices.
https://lnkd.in/eukhMjx

 

"...lithium ion batteries at 2019 prices were a bit too expensive in North Carolina to compete with natural gas peaker plants — the natural gas plants used occasionally when electricity demand spikes. However, when we modeled projected 2030 battery prices, energy storage proved to be the more cost-effective option."
 

"....California utility Pacific Gas & Electric, for example, got permission from regulators to build a massive 567.5 megawatt energy-storage battery system near San Francisco......."

 

Shailesh Jain's picture

Thank Shailesh for the Post!

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Matt Chester's picture
Matt Chester on Aug 9, 2019 11:32 am GMT

Is it just me or is 2030 not even as far away as it sounds? This also opens up the opportunity for breakthroughs in energy storage to move quicker than anticipated because of the immense focus on the tech and bring this market-based switched even more quickly. Do you think that's a possible scenario, Shailesh?

Shailesh Jain's picture
Shailesh Jain on Aug 9, 2019 3:31 pm GMT

Yes, I believe so. In particular, when we see more like what is demonstrated at Hornsdale Power Reserve project in South Australia.

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