Governments globally are driving the demand for electric vehicles (EVs) and battery energy storage systems (BESS) to support renewable energy adoption. With advancements in battery technology led by Chinese firms, the cost of storage is declining, making grid-scale BESS more feasible. Governments are focused on integrating BESS with the grid to balance variable renewable energy (VRE) sources like solar and wind, enhancing grid stability and efficiency.
Digitally advanced battery management systems are crucial for optimising storage, ensuring the reliability of power supply, and addressing supply-demand imbalances. BESS near load centres can reduce transmission losses, improve local power quality, and support a resilient power network.
