Battery Electric Storage Systems: Advances, Challenges, and Market Trends

Abstract

The increasing integration of renewable energy sources (RESs) and the growing demand for sustainable power solutions have necessitated the widespread deployment of energy storage systems. Among these systems, battery energy storage systems (BESSs) have emerged as a promising technology due to their flexibility, scalability, and cost-effectiveness. This paper aims to provide a comprehensive review of the diffusion and deployment of BESSs across various applications, analyzing their impact on grid stability, renewable energy integration, and the overall energy transition. The paper examines the key drivers and challenges associated with BESS adoption, as well as market trends influencing their proliferation. Through an analysis of empirical data, this study aims to shed light on the current state of BESS diffusion. Finally, this research contributes to the knowledge base surrounding battery storage technology and provides insights into its role in achieving a sustainable and reliable energy future.