The battery energy storage system (BESS) market is expected to double year on year in 2021, exceeding a volume of 10 GW, according to IHS Markit (pp. 12-13). For many this would appear an outstanding performance and a sign that battery deployment is at an inflection point – with nothing but good times in store.
However, the current rate of BESS installation is well below that required by energy models for a rapid adoption of renewable energy, itself a necessity if devastating global warming is to be avoided. So, what’s holding batteries – both big and small – back?As with any new(ish) technology, price has been a sticking point. Batteries …
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