Signal: batteries market grows as gas-fired generators close down

Published 1.11.2023

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Torrens Island Power Station in Adelaide, South Australia. Credit: Sean Heatley / Shutterstock

A growing global battery market offers a new means of bolstering energy security, as gas-fired power plants close down. The NGO Global Energy Monitor (GEM) has tracked the closures of gas-fired plants around the world and found that 177 units have been retired since 2020, including 36 in the US alone. Of those 36, 19 have been closed since the start of 2022.

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