Energy storage may be a Black Swan for gas demand
Energy storage is becoming increasingly competitive, and if this development continues it could have significant consequences for gas Energy storage is becoming increasingly competitive, and if this development continues it could have significant consequences for gas.
7 September 2016
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Tesla's utility-scale battery blocks are among some of the better-known energy storage solutions. (Tesla)
Energy storage can be used to bridge the intermittency of renewables such as wind and solar, making it a potential competitor to gas, which is typically used to meet mid- and peak-load power demand. Gas-to-power has been a growth market for LNG, particularly in countries such as the UK, where intermittent renewables form a significant part of the energy mix.
The energy storage industry is in its early stages, but it is growing rapidly. Bloomberg New Energy Finance (BNEF) predicts investment in energy storage will exceed...
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