Rocky Mountain Institute (RMI) released a report called “Breakthrough Batteries: Powering the Era of Clean Electrification” that asserts that transition to green energy is happening faster than originally predicted. And as a result, it could hinder natural gas growth.
These investments will push both Li-ion and new battery technologies across competitive thresholds for new applications more quickly than anticipated.
This, in turn, will reduce the costs of decarbonization in key sectors and speed the global energy transition beyond the expectations of mainstream global energy models.
These changes are already contributing to cancellations of planned natural-gas power generation. The need for these new natural-gas plants can be offset through clean-energy portfolios (CEPs) of energy storage, efficiency, renewable energy, and demand response.
RMI predicts that natural-gas plants that already exist could cease to be competitive soon.
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