Battery-storage costs must drop 15% to avoid new coal capacity: Report

Q: How long will it take to read this news story?

The story "Battery-storage costs must drop 15% to avoid new coal capacity: Report" has 623 words across 22 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Battery-storage costs must drop 15% to avoid new coal capacity: Report" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 319 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22180593</li><li>URL: https://beamstart.com/news/battery-storage-costs-must-drop-17241667097077</li></ul>

Business Standard Logo Business Standard 7h ago

Battery-storage costs must drop 15% to avoid new coal capacity: Report - Business Standard

Quick Summary:

India might avoid building new coal plants and could limit its coal capacity to planned levels by 2032 if the cost of battery-storage systems drops by 15 per cent annually, according to a new report.

However, to meet its goal of reaching net-zero emissions by 2070, the country needs to reduce its dependence on coal and increase the use of renewable-energy sources like solar and wind power.

The challenge is that solar and wind power plants only generate electricity when the sun is shining or the wind is blowing.