The top energy storage technologies include pumped storage hydroelectricity, lithium-ion batteries, lead-acid batteries and thermal energy storage Electrification, integrating renewables and making grids more reliable are all things the world needs. However, these can’t happen without an increase in energy storage.
It fully integrates various energy storage technologies, which include lithium-ion, lead-acid, sodium‑sulfur, and vanadium-redox flow batteries, as well as mechanical, hydrogen, and thermal energy storage systems [, , ].
Energy storage technologies ensure energy efficiency, reliability, and sustainability. They support integrating renewable energy, enhance grid resilience, and enable cost-effective energy management. Among the most widely adopted technologies, battery storage is versatile.
Of these technologies, lithium-ion batteries hold the largest market share, with an installed capacity of 1.66 GW, followed by sodium-based batteries of 204.32 MW and flow batteries of 71.94 MW. While Table 2 showing the recent advancements and novelty in the field of chemical energy storage system.
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