Published 2 years ago • loading... • Updated 2 years ago

Giant batteries drain economics of gas power plants

Financial modelling for gas power plants must now account for peak demand and the intermittent nature of renewable sources.
Many countries, including Europe, offer payments for standby power plants through capacity markets, but these payments may not guarantee long-term profits.
The increasing competitiveness of battery operators supplying back-up power challenges long-term gas demand assumptions, potentially reducing the role of natural gas in the energy transition.

Insights by Ground AI

Does this summary seem wrong?

5 Articles

All

Left

Center

Right

Reuters

Center

Giant batteries drain economics of gas power plants

Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.

2 years ago·United Kingdom

Read Full Article

The Messenger

Center

Could Powerful Batteries Kill Gas Power Plants?

Ultimately, we could be heading to a future where batteries in electric vehicles help power homes through peak periods of energy use

2 years ago·New York, United States

Read Full Article

Times Live

Lean Right

Giant batteries drain economics of gas power plants

2 years ago·Johannesburg, South Africa

Read Full Article

Europe Says

Giant batteries drain economics of gas power plants

Giant batteries drain economics of gas power plants by magellanNH The post Giant batteries drain economics of gas power plants appeared first on EUROPE SAYS.

2 years ago

Read Full Article

Oil & Gas 360

INSIGHT-Giant batteries drain economics of gas power plants

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

2 years ago·Denver, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year