Business · Energy & Commodities · 2 days ago

Four-hour batteries are cheaper than gas turbines in 43 markets

Four-hour batteries are cheaper than gas turbines in 43 markets

Batteries that can provide power for four hours now cost less than a type of gas turbine in all 43 markets surveyed.

Data centers need more electricity, and their demand has helped push up gas turbine prices.

Lower-cost batteries could make it cheaper to meet periods of high electricity demand.

The report expects battery costs to keep falling.

Sources

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