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U.S. Battery Energy Storage Market Sees Significant Growth ...Middle East
The US battery energy storage (BESS) market is booming across the country this year, coming off an already impressive growth streak in 2024. The rapid clip of expansion is partially due to falling battery manufacturing costs, with Rystad Energy predicting this trend to continue over the next five to seven years amid ongoing design improvements. While renewable energy investment faces policy headwinds as legislators weigh rolling back tax incentives for low-carbon energies, the grid-scale BESS market remains unscathed, for now. Rystad Energy estimates…
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