For years, proponents of natural gas referred to it as a “bridge fuel,”an interim power source on the way to a distant future dominated by renewable energy. That far-off day seemed to pose little immediate threat. Not anymore.
The nervousness stems from the plummeting prices of solar panels and battery storage. Natural gas plants are the historical go-to choice for “peaker plants,” which provide electricity during times of highest demand. While rarely used (just a few days per year on average), they’re critical to preventing blackouts.
Now, solar project developers are moving into that territory. Solar developers are bidding prices for new electricity capacity lower than natural gas plants even after adding batteries. In December, Credit Suisse confirmed that
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