4-hour battery storage is cheaper to install than gas turbines all across globe
Wood Mackenzie's latest levelized cost of electricity analysis finds that four-hour battery storage is cheaper to install than open-cycle gas turbines across all 43 markets it modeled. The comparison reflects technology and market changes affecting power costs.
The cost comparison suggests battery storage is increasingly competitive with gas-fired generation across a broad set of markets. It is relevant to energy planners and investors weighing capacity options.
