Giant batteries drain economics of gas power plants

[Kenny_]

• Summary

• Data shows 68 gas plant projects cancelled or put on hold
• Assessing economic case for new projects much harder
• EVs could also reduce need for standby gas generation

LONDON, Nov 21 (Reuters) - Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.

The long-term economics of gas-fired plants, used in Europe and some parts of the United States primarily to compensate for the intermittent nature of wind and solar power, are changing quickly, according to Reuters' interviews with more than a dozen power plant developers, project finance bankers, analysts and consultants.


They said some battery operators are already supplying back-up power to grids at a price competitive with gas power plants, meaning gas will be used less.

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Giant batteries drain economics of gas power plants

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.

www.reuters.com

 

[blindowl]

I'd love to see the size and cost of these batteries

 

[timselectric]

I agree that batteries will replace peaker plants.
But peaker plants weren't installed to cover renewable energy.
They have been around since before renewable energy.

 

[Rednecktek]

I'd love to see the size and cost of these batteries

They got a great deal on LF580K's from Alibabexpress!