1. The ESS business is likely to continue to expand globally in terms of
energy efficiency and environmental pollution remediation.
2. Currently, LFP batteries are leading the Global ESS market,
However, LFP batteries for ESS are expected to compete with sodium batteries (SIBs) in the future.
3. Not yet standardized, but given the situation in China, prismatic cells for 314Ah are the way to go.
4. Regionally, India is expected to be a big market for ESS due to its geographical and economic conditions
- Large land mass, scarce electricity, and emerging power needs