As in many other dynamically developing industries, quality assurance practices are key to decreasing investor risk. Moreover, Asian battery manufacturers already have, or are still developing, capabilities for system integration at attractive costs, as George Touloupas, Director of Technology & Quality at CEA, and Nicholas Ogilvie, Storage Analyst, point out. They have investigated the complex path of the supply chain for lithium-ion battery energy storage systems (BESS) and the capabilities and capacities of the leading companies, detailed in a market intelligence report. The growth of the BESS sector, which is still taking its baby steps, is predicted to be spectacular. Bloomberg NEF recently revised its forecasts for the next two decades and is now talking terawatt hours and hundreds of billions of dollars. As with all things related to new energy, the sky might end up being the limit, as learning curves keep accelerating and new technologies gain wider acceptance within the energy and finance communities.
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