4-hour battery storage is cheaper to install than gas turbines all across globe

A recent study by the National Renewable Energy Laboratory (NREL) has found that 4-hour battery storage systems are now cheaper to install than gas turbines in many parts of the world. This is a significant milestone in the transition to renewable energy, as it makes it more feasible for utilities to rely on battery storage to balance their grids. The study analyzed data from over 1,000 battery storage projects around the world and found that the cost of a 4-hour battery storage system has fallen by over 70% in the past five years. This makes it more competitive with traditional gas turbines, which are often used to provide backup power during periods of high demand.