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BESS: What’s under the bonnet of one of the least-understood drivers of battery demand?

Posted on - 09 May 2025

Category - Features

For several years we’ve been really excited about the potential for BESS as a driver of cell demand and hence battery raw materials demand. We were therefore very excited to attend the BESS presentations at 2024’s Fastmarkets Lithium Supply and Battery Raw Materials Conference in Las Vegas, which had some great speakers. Imagine our surprise, then, to find an audience of only 20-30 people for much of the seminar. We think that that’s indicative of the lack of understanding within the raw material industry of the importance and potential of BESS. Over the past year, understanding of BESS as a...

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Topics

Batteries Battery demand BESS C&I Economics ESS Format Grid-scale LCOE LCOS Renewables Residential