What is the battery energy storage system (BESS) industry?

The Battery Energy Storage System (BESS) industry has experienced remarkable growth in recent years, driven by the global shift toward renewable energy and the increasing need for reliable grid stability solutions.

Does Bess CO-deployment increase energy exports?

Even under a scenario where the grid is congested and capacity is halved, energy exports were 20% greater with BESS.92 Similarly, Thunder Said Energy found that BESS co-deployment can allow a solar PV installation to dispatch approximately 95% of its power through a 65% smaller grid connection.93

Is Bess a key driver of solar PV deployment & utilisation?

CEF considers BESS a key driver of increasing solar PV deployment and utilisation in the coming years — see Section 1.4. In 2024, the BESS market saw unprecedented growth.

Is China building a world-leading solar PV & Bess project?

China is building a stable full of world-leading solar PV and BESS projects by pushing the limits of deployment in scale, speed and location. Projects like the 100GW Great Solar Wall in Inner Mongolia and the 4GW Ruoqiang Solar Project showcase its ability to deploy VRE at an unmatched scale and speed.

Can solar PV and Bess reduce geopolitical risk?

The EU has recognised that developing domestic solar PV and BESS manufacturing to mitigate geopolitical risk requires moving beyond protectionist measures, which may offer short-term insulation but risk driving up costs, slowing deployment, and increasing consumer electricity prices.

Why should you invest in a Bess battery?

The BESS market is experiencing dramatic growth, driven by declining battery costs and increasing renewable energy adoption. The top manufacturers are distinguished by their production capacity, technological innovation, and ability to deliver large-scale projects.