The great run of US natural gas faces storage challenge
Further growth in the consumption of natural gas will need to overcome the trend for renewables paired with power grid storage
Natural gas in US power generation has been on a spectacular ten-year run. But this growth has not helped the price much as North America has colossal reserves of recoverable gas. US gas-fired power output grew by 63.6pc between 2010 and 2020, and built for itself a large and newly installed infrastructure base. Presumably, that investment will protect the fuel's position in the years ahead. But one technology could severely disrupt that expectation—grid-level storage. Battery storage not only threatens the niche gas peaker market, but also threatens to cut off growth of further natural gas plants more generally Mentioned as an afterthought in a recent EIA summary of the past year in
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil