Thermal energy storage can make steam for chemical industries and manufacturing economically viable, writes Martin Schichtel, CEO and Founder of Kraftblock.
Cell manufacturing overcapacity and intense competition contributed to an 8% decline in the average cost of lithium-ion battery packs, according to BloombergNEF.
Shifting dynamics in the US’ BESS industry could mean that Chinese batteries are not even needed within the foreseeable future, a local consultant told Energy-Storage.news.