Investment in battery energy storage will "double" to $20 billion in 2022. The IEA also said: "The pipeline of projects is huge, with China targeting around 30 GW of non-hydro storage capacity by 2025, while the U.S. has more than 20 GW of grid-scale projects planned or under construction." Growth in China and the U.S. It will spawn a "new market poised for rapid expansion" such as Europe, South Korea, Japan and Australia.

Take Australia as an example, battery energy storage has now become the power source covering most of Australia. This is based on quarterly data released by the Australian Energy Market Operator (AEMO). For the first time ever, battery energy storage systems (BESS) have a 31% market share across eight different FCAS markets. Coal and hydro were tied for second place with a 21% share.

The IEA report predicts that global energy investment is expected to grow by 8% to $2.4 trillion by 2022. At present, more and more households and industries are also flocking to choose batteries as energy storage systems and invest in them.

And we, Amensolar Ess, as a participant in the new energy industry and a professional manufacturer of lithium batteries and inverters, are dedicated to supplying the market with high-quality products and contributing to the new energy industry.

AM5120 lifepo4 battery, one of our best sellers, powered by CATL cells, ensures 5 years warranty and DOD 90% 6000 cycles with UL certificated.

Pls feel free to contact us for more info if interested.