Continued expansion of intermittent renewable energy, ESG-focused investments, the growing versatility of storage technologies to provide grid and customer services, and declining costs for key components like lithium-ion batteries all played a significant role in driving the. . Continued expansion of intermittent renewable energy, ESG-focused investments, the growing versatility of storage technologies to provide grid and customer services, and declining costs for key components like lithium-ion batteries all played a significant role in driving the. . Depends on both on Phase 2 and deployment of variable generation resources While the Phases are roughly sequential there is considerable overlap and uncertainty. Key Learning 1: Storage is poised for rapid growth. Key Learning 2: Recent storage cost declines are projected to continue, with. . Global energy storage additions are on track to set another record in 2025 with the two largest markets – China and US – overcoming adverse policy shifts and tariff turmoil. Energy storage technologies are valuable components in most energy systems and could be an important tool in achieving a low-carbon future. Continued. . energy and the envi-ronment.
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