The era of battery energy storage applications may just be beginning, but annual capacity additions will snowball in the coming years as storage becomes crucial to the world’s energy landscape. Rystad Energy modeling projects that annual battery storage installations will surpass 400 gigawatt-hours (GWh) by 2030, representing a ten-fold increase in current yearly additions. Battery energy storage systems (BESS) are a configuration of interconnected batteries designed to store a surplus of electrical energy and release it for upcoming…
