Green New Deal: Battery power is becoming cost-effective with gas-fired plants

Discuss whatever you want here ... movies, books, recipes, politics, beer, wine, TV ... everything except classical music.

Moderators: Lance, Corlyss_D

Post Reply
jserraglio
Posts: 7909
Joined: Sun May 29, 2005 7:06 am
Location: Cleveland, Ohio

Green New Deal: Battery power is becoming cost-effective with gas-fired plants

Post by jserraglio » Mon May 17, 2021 8:38 am

WSJ https://www.wsj.com/articles/batteries- ... 1620236583

Natural Gas, America’s No. 1 Power Source, Already Has a New Challenger: Batteries

A decade after the fracking boom took off, the fuel faces disruption by a new combination on the electric grid: renewable energy and electricity storage
By Katherine Blunt | Photographs by Christie Hemm Klok for The Wall Street Journal
May 16, 2021

Vistra Corp. owns 36 natural-gas power plants, one of America’s largest fleets. It doesn’t plan to buy or build any more.

Instead, Vistra intends to invest more than $1 billion in solar farms and battery storage units in Texas and California as it tries to transform its business to survive in an electricity industry being reshaped by new technology.

“I’m hellbent on not becoming the next Blockbuster Video , ” said Vistra Chief Executive Curt Morgan. “I’m not going to sit back and watch this legacy business dwindle and not participate.”

A decade ago, natural gas displaced coal as America’s top electric-power source, as fracking unlocked cheap quantities of the fuel. Now, in quick succession, natural gas finds itself threatened with the same kind of disruption, only this time from cost-effective batteries charged with wind and solar energy.

Image

maestrob
Posts: 11223
Joined: Tue Sep 16, 2008 11:30 am

Re: Green New Deal: Battery power is becoming cost-effective with gas-fired plants

Post by maestrob » Mon May 17, 2021 10:24 am

Wow!

I didn't expect this to happen so quickly.

Now that coal is down to 10% of its former share of the energy market in the USA, it looks like natural gas will be following. This is excellent news.

Now, if only we can get China & India on board as well...

Post Reply

Who is online

Users browsing this forum: No registered users and 22 guests