Lithium Battery Energy Storage Systems: Powering the Future Amid Market Turbulence
As of March 2025, lithium battery energy storage systems (LiBESS) account for 62% of newly installed grid-scale storage globally . The sector has grown 150% year-over-year since 2023, driven by China's massive 34.5GW/74.5GWh installed capacity . But can this breakneck growth continue indefinitely? Let's unpack the realities shaping this $140 billion industry.
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