The global market for battery energy storage systems (BESS) is set to grow by a rate of approximately 19 per cent per year until 2025, a recent study finds, which was published on Tuesday alongside Batterietagung 2018 conference in M\u00fcnster, Germany.<\/strong><\/p>\nThe annual BESS market volume is expected to grow to 24,5 GWh until 2025, starting from 6 GWh in 2017, according to the CEO of market research firm Avicenne Energy, Christophe Pillot.<\/p>\n
The overall market for Lithium-Ion Batteries is set to reach a volume of 490 GWh by 2025.<\/p>\n
A research paper from Forschungszentrum J\u00fclich, also presented during Batterietagung 2018, says that in Germany currently are 55 BESS projects with a system size of more than 1 MW in operation. Their cumulated storage capacity sums up to approximately 500 MWh. The main application field is the provision of primary control Power (PCP).<\/p>\n
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