According to a Wood Mackenzie report, battery storage is now cheaper than open-cycle natural gas turbines across all 43 surveyed global markets. The cost inversion is driven by surging AI data center demand that has created multi-year backlogs for gas turbines while battery costs continue to fall.
Background
Open-cycle gas turbines have long been a go-to backup and peaking power source for data centers, but AI-driven electricity demand has strained supply chains. Solar is already the cheapest new power source globally.
- Source
- TechCrunch
- Published
- Oct 10, 2026 at 02:57 AM
- Score
- 7.0 / 10