EnerSys: Battery Megatrend, Strong Quarter and Share Buyback Fuel Price Potential
Reading Time: 3 minutes
The megatrend "battery technology" gained momentum again in 2024, partly due to drastically fallen prices. According to BloombergNEF, the price of lithium-ion battery packs dropped by 20% in 2024, making them significantly more competitive against internal combustion engines. Moreover, there is a rising global demand for energy storage solutions. Batteries are increasingly used for grid stabilization, renewable energy integrations, and backup systems, for example in solar installations, telecommunications, and data centers. Due to continuous technological...
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