If oil remains over $100 per barrel, an important factor will be that battery storage installations have dropped below that cost level at end of last year. It is literally cheaper to build and operate a 100MWh battery facility than to buy oil at this price.
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Osma A 🇫🇮🇺🇦 (osma@mas.to)'s status on Sunday, 29-Mar-2026 03:48:02 JST
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Osma A 🇫🇮🇺🇦 (osma@mas.to)'s status on Sunday, 29-Mar-2026 03:48:02 JST
Osma A 🇫🇮🇺🇦
RE: https://mas.to/@osma/116305555604550817
A barrel of oil represents about 1.6 MWh of usable energy (depending on how it's processed, of course). Battery storage LCOE is $65 per MWh (over its expected lifetime). Plus, batteries enable a daily volatility arbitrage a fossil power plant will never achieve.