By 2025, solar-plus-storage and standalone storage will be cheaper than new and existing open-cycle gas turbine (OCGT) peaker plants for meeting peak load, according to analysis by Wood Mackenzie, GTM Research and MAKE Consulting. By 2035, renewables and storage will also be cheaper than gas for baseload power, they said. The research was carried out after a state-wide blackout in South Australia's led to the purchase of a 100 MW/129 MWh battery from Tesla and a 250 MW OCGT peaker plant.
By 2025, solar-plus-storage and standalone storage will be cheaper than new and existing open-cycle gas turbine (OCGT) peaker plants for meeting peak load, according to analysis by Wood Mackenzie, GTM Research and MAKE Consulting. By 2035, renewables and storage will also be cheaper than gas for baseload power, they said. The research was carried out after a state-wide blackout in South Australia led to the purchase of a 100 MW/129 MWh battery from Tesla and a 250 MW OCGT peaker plant.