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

Wood Mackenzie’s latest levelized-cost report finds four-hour battery storage is cheaper to install than open-cycle gas turbines in all 43 markets where both were assessed. It projects storage costs in the Middle East and Africa will fall from $120/MWh in 2026 to $80/MWh by 2035, while single-axis-tracker solar is the cheapest new-build power source in 43 of 48 markets.