Energy Storage News•about 9 hours ago
VIDEO: Ex-Wärtsilä storage chief Andy Tang on Western integrators’ ‘squeezed’ value-add
Key Takeaway
The BESS market is undergoing a significant shift where Western integrators are struggling to compete with the speed and value proposition of Chinese technology innovation, impacting supply chain choices for developers and large loads.
AI Summary
- •Western BESS system integrators are experiencing a significant 'squeeze' on their value-add and profit margins.
- •Chinese technology innovation in Battery Energy Storage Systems (BESS) is rapidly outpacing Western integrators, creating a competitive disadvantage.
- •Developers and large power consumers may find more cost-effective or rapidly evolving BESS solutions by considering direct sourcing or partnerships involving Chinese suppliers, potentially impacting project timelines and costs.
Topics
oemstorage
Article Content
Western system integrators face a continual 'squeeze' in where they add value in BESS and may struggle to keep up with the speed of technology innovation from China, Rept's Andy Tang said in a video interview with Energy-Storage.news recently.