The CAPEX Shock: Lessons from the Last Price Cycle

Every few years mispricing hits the BESS supply chain and rewrites project economics. What has the most recent cycle taught us about single-source exposure, index contracts, cell module pricing risk, and multi-sourcing strategies?

• How lithium price spikes and other supply-side shocks affect project economics
• What is expected from a procurement strategy at financial close and how misalignment creates problems down the line
• What does a resilient BESS procurement strategy look like in 2026, and how different is it from what developers were doing three years ago?