| | | On-Demand Webinar | | | | | | | Today, there are select cases in which lithium-ion batteries are competitive with natural-gas peaker plants. However, in a few years, competition will intensify across the country. And with costs only headed downward, GTM Research and Wood Mackenzie believe that batteries overtaking peakers may be a common occurrence in the U.S. in as little as four years. | | | FIGURE: Base Case Levelized Cost of Energy – Peaking Gas Combustion Turbine vs. 4hr Li-ion Battery Storage ($/MWh) | | Over the next 10 years, the U.S. needs to add 20 gigawatts of peaking capacity to its grid. Over half of that capacity will come on-line in the latter part of the decade: 7,440 megawatts between 2018 to 2020 compared to 12,645 megawatts between 2023 and 2027. That gives energy storage more time to build an economic advantage. | | | Ravi Manghani
Director, Energy Storage,
GTM Research |
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| | | According to a new GTM Research report, by 2022, new natural-gas peakers will regularly compete head to head with energy storage. In ten years, new natural gas peakers may become a rare sight. | | Join GTM Research’s Energy Storage Director to learn: | | How and where energy storage is being integrated into resource planning Which U.S. markets will see a surge in peaking capacity additions How and when storage will become economic with natural gas What could accelerate or slow this shift Get the full slide deck just by registering | | | | |
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