Spire Expanding Gas Storage to Meet Growing Demand for Backup Power Amid Renewables Boom
• Renewable additions driving more volatility and demand for gas storage in Western US • Spire expanding storage capacity by 16 Bcf, to be fully online by 2025/2026 • Renewables reducing overall gas demand but increasing need for flexible backup generation • Power sector volatility increasing value and rates charged for gas storage • Seasonal arbitrage use case still relevant despite increasing demand flexibility needs