Q1 21 US 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