Q1' 2021 U.S. Power Forecast

According to S&P Global Market Intelligence Q1 Power Forecast, battery storage costs continue to benefit from the growing economies of scale for lithium-ion technology. With estimated stand-alone storage costs declining by 15% to $94/kW-yr, the premium of storage compared to conventional gas peaking generation is shrinking to the point where storage can compete head-to-head in the resource adequacy market while optimizing intermittent generation.

Gain strategic insights into our Q1 Power Forecast:

  • Forward natural gas prices
  • Forecast growth of renewable power and battery storage
  • Projected generation and capacity balances by energy type
  • 2021 forecast reserve margins of major power markets

Source:S&P Global Market Intelligence. Images for display purposes only.

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