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The majority of utility-scale batteries were used for arbitrage in 2024 – US EIA survey finds
https://www.energy-storage.news/the-majority-of-utility-scale-batteries-were-used-for-arbitrage-in-2024-us-eia-survey-finds/
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The US Energy Information Administration (US EIA) annual survey of power plant activity found that in 2024, utility-scale batteries were more commonly used for price arbitrage.