BESS Market Booms: Key Drivers & Emerging
The battery energy storage system (BESS) market is expanding rapidly, primarily due to the increasing need to modernize
Increasing use of wind and solar means power systems must adapt more to intermittent power and keep the grid stable. BESS supplements renewable energy well, storing any extra production for later use when needed, so the market keeps expanding as worldwide installation of renewables accelerates.
Policy and technical approaches that prioritize U.S. investments in manufacturing capability to secure and adapt the BESS supply chain over the next decade. The Bess Report provides a framework for assessing the current dominance of foreign-manufactured components in the supply chains for BESS, inverter-based resources, and transformers.
The acceleration of investment and construction of BESS has led to bottlenecks along the supply chain. For example, the U.K.'s National Grid has experienced a large number of delays, some in excess of a year, on sites connecting to the grid.
BESS technologies are increasingly important in the modern power network, serving important roles such as controlling frequency, reducing peaks and facilitating the move toward cleaner energy. The size of BESS installations goes from household storage up to large grid projects, making them useful in many different areas.
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