IEA Sounds the Alarm on Battery Supply Challenges
The International Energy Agency (IEA) has warned about growing risks in the global battery market as demand for energy storage continues to rise. Lithium-ion battery energy storage systems, or BESS, have become a key part of modern power systems. Over the last five years, global battery storage capacity has grown twenty times, driven by falling prices, abundant supply, and shorter project lead times. Batteries are now essential for balancing supply and demand and keeping power grids stable, especially as renewable energy use increases. In 2025, battery prices fell further, making energy storage more affordable for utilities and businesses. Average global…
