‘Battery storage flexibility is a key building block of a decarbonised power sector.’ This statement is not a myth. In fact it is almost a truism. Intermittent renewables will dominate electricity supply in a decarbonised world. Wind and solar output require a low carbon source of flexible backup. Rapidly declining battery costs will facilitate broad deployment. Sound familiar? While there is a broad consensus around the vision for batteries, the practical details of the business model and investment case for individual battery projects is less clear. In today’s article we challenge three ‘myths’ currently ... (full story)