Industry Value Chain
Cover and introductionp.1
IndustryOverviewp.5
IndustryNotable Eventsp.7
IndustryIndustry Value Chainp.21
IndustryFinancep.50
IndustryCostsp.68
IndustryCell & Pack Manufacturingp.83
IndustryApplicationsp.127
IndustryApplications: EVp.130
IndustryApplications: Stationary Energy Storagep.182
IndustryApplications: Data Centersp.233
IndustryApplications: Aviation, Drones, Spacep.243
IndustryApplications: Roboticsp.256
IndustryApplications: Otherp.264
IndustrySafetyp.266
IndustryCell Design and Materialsp.282
IndustryCell Design and Materials: Li-Ionp.297
IndustryCell Design and Materials: Lithium Sulfurp.360
IndustryCell Design and Materials: Solid-Statep.367
IndustryCell Design and Materials: Sodium-Ionp.387
IndustryCell Design and Materials: Alternative Chemistriesp.397
IndustrySupply Chain: Upstream and Midstreamp.419
IndustrySupply Chain: Recycling & Secondary Marketsp.439
IndustrySoftware / AIp.455
ChinaOverviewp.486
ChinaHistoryp.489
ChinaPolicy Landscapep.498
ChinaTalent & Ecosystem Maturityp.505
ChinaCapitalp.510
ChinaSupply Chainp.518
ChinaTechnology Innovationp.536
AcademiaOverviewp.552
AcademiaResearch Trendsp.555
AcademiaSeminal Literaturep.560
AcademiaFundamentalsp.571
AcademiaLithium-Ionp.575
AcademiaSolid State Batteriesp.594
AcademiaBattery Degradation and Performancep.605
AcademiaNew / Alternative Chemistriesp.618
AcademiaFast Charging & Extreme Fast Chargingp.630
AcademiaArtificial Intelligence and Machine Learningp.632
AcademiaBattery Management System (BMS)p.638
AcademiaRecyclingp.642
AcademiaBattery Safetyp.649
TalentOverviewp.653
TalentWorkforce Landscapep.657
TalentEmerging Trendsp.662
TalentPolicy & Immigrationp.668
TalentCompensation & Benefitsp.675
TalentIndustry Sentimentp.680
TalentSkills & Training Gapsp.687
TalentEducational Developmentp.692
TalentWorkforce Researchp.698
TalentAccess & Advancementp.702
PolicyNorth Americap.706
PolicyEuropep.724
PolicyAsiap.731
PolicyLegalp.737
CommunityConferencesp.755
PredictionsThe Next 12 Monthsp.760
Closing pagesp.762
Directory profiles (1)
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Text on page 30
BESS Value Chain Experiencing the ‘Bullwhip Effect’: A Growing Disconnect Between Demand and Production ESS demand has exhibited remarkable growth, but that is being magnified up the supply chain as manufacturers overreact to perceived demand. ESS battery cell production this year is around 600 GWh – almost twice that of installations – and even higher for ESS-destined CAM production, even when accounting for time lags in the supply chain. This is the ‘Bullwhip Effect’. In the case of ESS, it is amplified by long lead times becoming the new normal, especially for ex.China customers. At the same time, installers are struggling to secure equipment due to full order books at cell manufacturers, and previous policy-driven front-loaded demand has contributed to this. Cell and CAM producers say they are confident in demand being sustained, because of:
A huge order backlog and long-term sales contracts High utilisation ratio of ESS cell plants High profitability of ESS cell and integrators Further room for cost reductions by upgrading products: larger cell capacities etc. Very strong pipeline of ESS projects
However, LFP cell and cathode inventories have reached alarming highs, and the longer it goes on, the more pronounced the drawdown will be.
Source: Content & analysis provided by CRU Group (Distinguished Partner). For more information, visit crugroup.com *Showing only cells and CAM destined for BESS applications. Image adapted from Sketchplanations.
Extracted from the PDF; charts and images may read imperfectly.