2024-11-22
Energy storage trends and analysis: 2H23 market outlook-C&I ESS
While the world strives for energy transition, the war-induced power shortages and energy crisis in Europe in 2022, the mandatory energy storage integration policy in China, and the IRA of the U.S. accentuate the importance and the urgent need for energy storage. Seemingly creating a crisis, lithium price swings catalyzed the industry, prompting manufacturers to hoard cells and place capital more actively, bringing the energy storage industry to new heights. Over this past year, various market trends emerged as the market grew rapidly thanks to increasing business investments, including residential ESS, standalone ESS, sodium-ion batteries, supply chain reshoring, and large-capacity cells.InfoLink selects some of the major topics in the second half of this year for further analysis: