4-hour battery storage is cheaper to install than gas turbines all across globe

Automated excerpt

In the Middle East and Africa, where utility-scale solar already leads at $37/MWh, four-hour storage is forecast to fall a further 33% to $80/MWh by 2035, displacing gas peaking on cost across every gas market in the region. Solar PV with single-axis tracking remains the lowest-cost generation technology in Latin America in 2026, with average costs expected to fall 38% by 2060. Grid-scale battery storage costs are now decisively cheaper than gas peaking across the region.

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