Solar + Storage Half The Cost Of Gas Peaker Plants

in #energy6 years ago
“Who in their right mind today would build a new gas peaker? We are a factor of two cheaper.”

--8MinuteEnergy CEO on their solar+storage plants

Overview

S&P Global reports the cost of solar with battery backup dropped precipitously in 2018. In a few cases in the sunny Southwest region of the United States, several tenders for solar plus storage came in at under $30 per megawatt-hour last year. Stand alone prices for installed battery storage — based on a 20 megawatt-hour system with 4 hours of storage — dropped 40% from the previous year to $357 per kilowatt-hour and are expected to keep falling. Bloomberg New Energy Finance projects a further 52% reduction by 2030

Full Article on CleanTechnica

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