Dec. 31 at 6:52 PM
$NILIF Booming Battery Energy Storage Demand Key to Lithium Rally
RK Equity partner Howard Klein says the battery energy storage system (BESS) market is expected to grow by 44% in 2025, representing 25% of all battery demand.
“We've been talking about BESS being a very fast, growing and big part of the market, but it's now become the consensus opinion that it's very strong not only in China, but elsewhere,” Klein recently told INN.
The market is projected to balloon from US
$13.7 billion in 2024 to US
$43.4 billion by 2030, growing at a compound annual growth rate of 21.3%