Li-Ion Battery Market for ESS in EMEA Set to Grow 31% Annually
ESS is a system used to store electricity when the amount of electricity generated is greater than the demand, which can then be utilized during power shortages, blackouts, and peak demand. ESS uses technologies such as pumped-hydro storage systems, flywheels, advanced batteries (Li-ion), and other evolving technologies such as CAES. Li-ion batteries are increasingly being preferred because of advantages such as high dynamic charge acceptance, longer shelf life, reliability, and lower total cost of ownership. Technological advancement enables large-scale storage...
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