Battery storage is now cheaper than a type of natural gas power plant favored by many data center developers, according to a new report from Wood Mackenzie. On every continent and in each of the 43 markets that Wood Mackenzie surveyed, four-hour duration batteries were less expensive than open-cycle gas turbines. The consultancy predicts that the cost of electricity from batteries will continue to decline while electrons from gas turbines will only grow more expensive in the coming decades. The…
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