California Natural Gas Prices Stabilized as Battery Storage Capacity Doubles

The growth of utility-scale battery storage in the United States has been remarkable over the past three years, increasing by an astonishing 70% annually. According to federal researchers, this trend is expected to continue with capacity set to double from current levels by the end of 2028.

This surge in battery storage is having a positive impact on California's natural gas prices. SoCal price volatility has been decreasing as a result, making it easier for power generators and consumers alike to manage their energy needs.