Stationary battery storage continues in hyper-growth modes as the primary means of regulating the intermittent nature of renewables. Energy Storage Systems (ESS) are split into two broad categories: grid-integrated and behind-the-meter systems. It is the fastest-growing segment of the battery supply chain. While growth is driven by the US and China, stationary battery demand is truly global.
There is little doubt about the demand for battery storage in the years ahead. However, the path for EVs is less clear than stationary storage. The pace of EV adoption will be driven primarily by consumer preference, and there are many questions about adoption rates in the US. Policy directives will drive demand for stationary batteries as part of efficiently regulated electricity grids. Between the IRA and the EU’s scramble for energy self-sufficiency, it is tough to downplay the demand for stationary batteries of any chemistry over the next five years.

Download the report to read it in full [the green button to your right].