NewEnergyNews: Solar Plus Storage Bests NatGas Peakers

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  • TODAY AT NewEnergyNews, June 18:

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    Thursday, January 17, 2019

    Solar Plus Storage Bests NatGas Peakers

    Solar plus batteries aim to retire natural gas plants in 2019

    Michael J. Coren, January 11, 2019 (Quartz)

    “…[Plans are being] halted plans for natural gas plants…[due to] the plummeting prices of solar panels and battery storage. Natural gas plants are the historical go-to choice for ‘peaker plants,’ which provide electricity during times of highest demand. While rarely used (just a few days per year on average), they’re critical to preventing blackouts…Now, solar project developers are moving into that territory…[by] bidding prices for new electricity capacity lower than natural gas plants even after adding batteries…

    US energy-storage installations, mostly lithium-ion batteries, are taking off, having risen 57% to 338 MW in 2018 over the previous year…Globally, 6 gigawatt-hours have been installed worldwide…GE and Siemens have been trying to offload their natural gas turbine businesses as sales tumble. In May 2018, GE cut its sales forecast for its heavy-duty natural gas power plant business by more than half, saying demand would stay at the reduced level through 2020.” click here for more

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