Climate Changed
Solar With Batteries Cheaper Than Gas in Parts of U.S. Southwest
- Storage will make solar competitive with gas after sundown
- ‘This is spreading and will continue to spread,’ BNEF says
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Natural gas-fired power plants will be facing more price competition from solar farms in some parts of the U.S. as falling battery costs make it possible to deliver electricity produced from sunshine even after dark.
Solar projects that incorporate storage are becoming cheaper to build per megawatt-hour in parts of the U.S. Southwest than new gas-fired generation, according to a report Monday by Bloomberg NEF.