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

Wood Mackenzie finds four-hour battery storage cheaper than gas turbines across every modeled market.

Wood Mackenzie reports that four-hour battery storage is now cheaper to install than open-cycle gas turbines in all 43 markets where both were modeled. China is the storage cost benchmark, more than 55% below the rest of Asia Pacific, while solar is the cheapest new-build technology in 43 of 48 markets. The report covers Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa, with no cybersecurity or AI-security content.