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Batteries increasing losses for coal, natural gas generation

April 15, 2021

PV Magazine:

The coming surge in battery storage deployment is further eroding the economics of coal and natural gas generation and accelerating fossil-fuel plant retirements, the Institute for Energy Economic and Financial Analysis (IEEFA) says in its new 2021 US Power Sector Outlook.

Tech improvements and resulting price declines already have made solar and wind generation resources the lowest-cost option in much of the United States. During the next two to three years the accelerating shift will be transformative, the IEEFA said.

Solar+storage is currently economically competitive, and costs are almost certain to decline.

“Hitting both the [U.S. government’s] solar and the long duration storage cost goals would be a game changer,” the IEEFA said. 

[Jean Haggerty]

More: Solar+storage pushing aside US coal, natural gas, says IEEFA

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