Gtm energy storage vs gas

What is the future of energy storage?

Back in 2017, GTM Research published a report on the state of the U.S. energy storage market through 2016. The study projects that by 2021 deployments of stored energy — a combination of residential, non-residential, and utility systems — will grow to over 2 GW, over 10 times greater than current levels.

Does battery-operating technology outperform gas-fired peaking plants?

Improvements in battery-operating technology mean storage now outperforms gas-fired peaking plants on speed and reliability of response, which was the basis of gas technology’s biggest claim to a place in the future renewables-based electricity system.

Can energy storage compete with existing peakers?

It could take years or even decades for energy storage to compete with the GTM-estimated 120 GW of existing peakers, Ravi Manghani, director of energy storage at GTM Research, said during a webinar to discuss the report. The existing plants have lower operating costs because they have largely paid off their debt.

Can storage replace gas peakers?

Some jurisdictions, such as Southern California and some cities in New York, are already moving away from gas peakers, Tim Grejtak, an analyst with Lux Research, told Utility Dive. In some instances, storage can “mostly replace peakers” from a capability standpoint without incurring too much additional cost, he said.