• Grid-scale energy storage is rapidly expanding, driven by four factors: the growth of renewable energy, which requires storage for intermittent power; falling lithium-ion battery prices; increasing demand for power from AI and data centers; and the emergence of alternative storage technologies like sodium-ion and gravity-based systems.
• These innovations are set to transform energy storage, with new technologies promising cheaper, cleaner, and more reliable solutions for powering the grid. Lithium-ion batteries remain dominant, but alternatives like compressed air energy storage are emerging.

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