This is now two consecutive auctions where battery storage has outcompeted and outclassed gas-fired electricity -- in Ontario, of all places.
It might be time for some folks to update their priors on the cost of battery storage.
Max Fawcett
Great news in Ontario!⚡️
🔋Battery storage projects won all 640 MW of IESO’s latest capacity contracts, beating out gas at some of the lowest prices in recent procurements. Every project is 50%+ Indigenous-owned.
news.ontario.ca/en/release/1...
