SMM

The US energy storage market experienced disruptions in the supply chain, including delays in project installations and grid connections due to factors such as interest rate hikes, availability of raw materials, and complex approval processes. Despite this, the long-term outlook for the market remains optimistic, fueled by government investment, subsidies, and policy measures aimed at simplifying grid connection processes. However, the US will face challenges in meeting the demand for lithium-ion battery storage within its domestic supply chain, as China currently dominates the global manufacturing and material processing industry for lithium-ion batteries. Meeting the demand for raw materials will be the biggest challenge for the US in the coming years.