This section will explore the SWOT analysis of batteries. SWOT analysis is designed to establish the merits of various scenarios and its corresponding challenges. SWOT analysis is useful in the monitoring of a business environment and prompting extension of certain instances [ 183 ].
The capacity of battery energy storage systems in stationary applications is expected to expand from 11 GWh in 2017 to 167 GWh in 2030 [ 192 ]. The battery type is one of the most critical aspects that might have an influence on the efficiency and thecost of a grid-connected battery energy storage system.
Resource availability and economics are impacted by increasing battery manufacturing industry because of the mining of metal supplies. Furthermore, some of these minerals are valuable (Ag) and utilised as money. It will be necessary to produce extra amounts of minerals to meet the increased demand for metals [ 157 ].
Storing energy at a higher scale, especially in the power generation sector, will significantly transform the electricity grid industry. Solely depending on the baseload power capable of ramping up when demand is high, the battery usage will ensure the power required for any application is produced closer and stored when demand is low.
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