Highlights :
Top trends in energy storage are Advancement Lithium-Ion battery technology, Lithium Alternatives, Solid-state Batteries, Advanced Thermal Energy Storage, and Distributed Storage Systems
Switch to Renewable Energy (RE) is high on demand for the countries across the globe. As more and more countries become the part to this wave of change, advancement in technologies is bound to happen. With advancement in technology, new trends emerge. Speaking of the energy storage trend, it is at the helm of this transition from conventional to renewable.
The value of the renewable energy market is set to grow from $880 billion to nearly $2 trillion by 2030. And the growing awareness of the importance of environmental and social governance (ESG) issues means there are tremendous political incentives, too. The renewable energy is highly variable and energy storage forms the central…