Battery Storage Surge

• Shubh Laabh
• March 26, 2026

Impact of Iran Conflict The current conflict in Iran is not only affecting oil prices but also bringing about a major shift in the energy sector. Fitch Ratings believes this crisis could accelerate the demand for battery energy storage systems (BESS) and electrification. Simply put, in an era of high oil and gas prices, the world is moving toward greater reliance on electricity and batteries. The growing tensions…