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Identify and track all the ongoing (work-in-progress) battery energy storage system (BESS) projects, tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Bhutan.
Bhutan Battery Energy Storage System (BESS) Industry Analysis
The Grid-scale/Utility Scale Battery Energy Storage Systems (BESS) industry in Bhutan is currently experiencing a surge in construction of new projects. This is due to the increasing demand for reliable and sustainable energy sources, as well as the government's push towards renewable energy.
One of the major drivers of this industry is the need to balance the intermittent nature of renewable energy sources such as wind and solar power. BESS systems are able to store excess energy generated during peak hours and release it during times of low energy production, ensuring a steady supply of electricity to the grid.
Another driver is the need to reduce the country's dependence on imported fossil fuels. Bhutan is heavily reliant on imported oil and gas, which not only puts a strain on the country's economy but also contributes to environmental degradation. BESS systems provide a viable alternative to traditional energy sources, reducing the country's carbon footprint and promoting sustainable development.
The industry outlook for BESS systems in Bhutan is positive, with the government actively promoting renewable energy and investing in infrastructure to support its growth. The country has set a target of achieving 1% renewable energy by 225, and BESS systems are expected to play a crucial role in achieving this goal.
In conclusion, the Grid-scale/Utility Scale Battery Energy Storage Systems (BESS) industry in Bhutan is experiencing rapid growth due to the increasing demand for sustainable energy sources and the government's push towards renewable energy. With the country's commitment to achieving 1% renewable energy by 225, the outlook for this industry is bright, and we can expect to see continued investment and construction of new projects in the coming years.
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