Thu, Feb 19

NEWS: Battery Storage Costs Hit Record Lows as Costs of Other Clean Power Technologies Increased

The data center boom broke gas economics and supercharged batteries in the same swing. According to BloombergNEF, combined-cycle gas turbines hit their highest LCOE on record last year at $102/MWh, while benchmark costs for four-hour battery projects fell 27% to an all-time low of $78/MWh. Solar + storage is now delivering power at $57/MWh—meaning the cure for the gas turbine shortage might just be…not needing gas turbines.

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