If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

Cheaper BESS systems 'to rival fossil-fired peaking plants'

Mon, 01/07/2019 - 00:00 -- John Shepherd

Cheaper battery storage systems are less than 20 years away from becoming a "competitive" alternative to oil and gas-fired peaking plants, according to a new International Energy Agency (IEA) study.

The cost of battery storage is projected to “decline fast” by 2040 and global BESS capacity could reach 220 giagwatts by 2040, the IEA’s World Energy Outlook 2018 said.

This would see batteries "increasingly compete with gas-fired peaking plants to manage short-run fluctuations in supply and demand"— with the scenario’s projected need for global peaking capacity set to increase by three-quarters compared to 2017.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.