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Applications
Battery Energy Stationary Storage (BESS)
Battery Energy Stationary Storage
BESS is a nascent yet rapidly growing market Investment into battery energy stationary storage (BESS) has tripled to $5 billion in 2022 compared to 2021 with the global BESS market expected to reach ~$120-$150 billion by 2030. However, there is risk and uncertainty around financiers, integrators, and battery chemistries. From cell to commission, the ecosystem is complex, with 50%+ of the BESS value chain profit pool dominated by battery system manufacturing.
(Utility)
Source: McKinsey
Extracted from the PDF; charts and images may read imperfectly.
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