Description: | LiB.energy has recognised the growing requirement for battery energy storage systems as a means to aid in migrating away from conventional power generation and storage practices; seeing the growth in the global energy storage market, which was valued at $2.9 billion as of 2020 and is projected to increase to $12.1 billion by 2025 at a compound annual growth rate (CGAR) of 32.8%. LiB.energy has partnered with leading energy and power solutions company Westlake New Energy to supply energy storage solutions to the North American and European Market, ranging from small scale domestic inverter projects to more extensive, full-scale energy storage solutions from wind farms and other industrial applications. |