Energy storage products are in short supply

Are transformer shortages affecting battery energy storage system integrators?

Transformer shortages are taking their toll on battery energy storage system (BESS) integrators, as competition in the market intensifies. The 300 MW/450 MWh Victorian Big Battery, in Geelong, is part of the gigawatt-scale portfolio of BESS assets developed, owned, and operated by French renewables giant Neoen. Photo: Victoria State Government

Can energy storage solve supply-chain constraints?

Energy storage provider,Trina Storage, hopes to solve these constraints by pursuing system integration and battery cell manufacturing business. Jae Choi from Trina Storage highlighted that the energy storage industry faced supply-chain constraints even before surging high commodity prices.

Can Trina storage solve energy storage costs and contract price uncertainty?

Energy storage providers, developers and utilities alike must navigate rising system costs and contract price uncertainty in the near term. Energy storage provider, Trina Storage, hopes to solve these constraints by pursuing system integration and battery cell manufacturing business.

Are EVs the future of battery storage?

EVs accounted for over 90% of battery use in the energy sector, with annual volumes hitting a record of more than 750 GWh in 2023 – mostly for passenger cars. Battery storage capacity in the power sector is expanding rapidly.

How many batteries are used in the energy sector in 2023?

The total volume of batteries used in the energy sector was over 2 400 gigawatt-hours (GWh) in 2023, a fourfold increase from 2020. In the past five years, over 2 000 GWh of lithium-ion battery capacity has been added worldwide, powering 40 million electric vehicles and thousands of battery storage projects.

Are Transformers The new bottleneck of energy storage supply?

“While global battery supply eased in 2023, after experiencing tightness in supply the previous year, the limited supply of transformers has become the new bottleneck of the energy storage supply chain,” says Kevin Shang, a senior research analyst in Wood Mackenzie.