In a world of low-cost batteries, performance matters

Oversupply of lithium-ion battery precursor and active materials – and of lithium ferrous-phosphate (LFP) batteries, especially in China – has driven energy storage system costs down, fueling a record 330 GWh of battery energy storage system (BESS) shipments in 2024. Edward Rackley, head of the energy storage team at Business intelligence specialist CRU shares his analysis.

Issue 05 – 2025

Stay informed

pv magazine is the leading trade media platform covering the global solar photovoltaics industry. Log in or purchase a digital or print version of this issue to read this article in full.
Purchase a Subscription
Lost Password?