High-voltage LiFePO4 battery energy storage systems, commonly referred to as BESS, which drastically improve the power reliability prospects for businesses, have been around for some time, but expect to see a massive surge in 2024.
South African businesses have no choice but to accept this, and accept that access to markets such as the EU will become increasingly difficult and restrictive unless businesses, industries, and countries comply with ever stricter carbon targets. Younger generations value purpose and actively pressure their employers and the brands they support to embrace various environmental, social and governance causes.
The technology and benefits of HV BESS has evolved to a point where it is applicable and scalable across sectors, making these systems suitable for larger-scale applications in industrial, commercial and utility settings. Beyond this, leading suppliers are able to build modular systems, allowing businesses to scale up their investment as needed.