Solar Power and Batteries Are Encroaching On Natural Gas In Energy Production (electrek.co)
Socguy writes: The relentless downward march in cost of both solar and battery storage is poised to displace 10GW worth of natural gas peaker plant electricity production in the U.S. by 2027. Already we are seeing the net cost of combined solar and batteries cheaper than the equivalent natural gas peaker plant. Some particularly aggressive estimates from major energy companies predict that we may not see another natural gas peaker plant built in the U.S. after 2020. GE has already responded to the weakness in the gas turbine market by laying off 12,000 workers. Further reading available via Greentech Media.
Look, if we're serious about addressing climate change then we'll need to ramp solar and wind to the point where they are widespread enough that politicians will stop turning a blind eye to the serious damage being done. This of course means either campaign finance reform or clean energy companies bribing politicians better. I'd like to see laws on the books that would require new commercial developments to include solar+battery for each housing unit.
The good news is that solar+battery installations are recursive self-improvement as each installation reduces the amount of emissions while decreasing the market price of solar installations. Elon really needs to get his battery factory building in gear!
Anons need not reply. Questions end with a question mark.
Are expensive to run. They are inefficient and the hotter the outside temperature is the more inefficient they are. And they are basically jet engines so they need a lot of maintenance. Battery prices are declining so as soon as it dips below the price difference between baseload generated power and peak generated power then the peakers GT are gone.