The International Energy Agency (IEA) has warned about growing risks in the global battery market as demand for energy storage continues to rise. Lithium-ion battery energy storage systems, or BESS, have become a key part of modern power systems. Over the last five years, global battery storage capacity has grown twenty times, driven by falling prices, abundant supply, and shorter project lead times.
As more manufacturers like QuantumScape Corp. (NYSE: QS) enter the battery industry outside China, the landscape could change and the excessive control China exerts on this industry could begin to…
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