Storage might become cheaper than natural gas peaking plants

Energy Storage Paired with Solar Found to Be More Cost Effective in Minnesota Today than Natural Gas Peaking Plants

As federal policy on renewable energy is being rolled back, a new UMN-led report finds that when environmental benefits are considered combined energy storage and solar arrays can be a more cost-effective alternative in Minnesota – implementable today – to natural gas peaking plants, which are fired up only to meet peak demand. It also shows that increasing the deployment of energy storage combined with renewable energy would help Minnesota meet its statutory goal of 80 percent carbon reduction by 2050 sooner and at a lower cost than other technologies. The report, “ ... More: Official Press Release Energy Transition Lab/University of Minnesota

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USA, Minnesota, grid, storage