The Growing Importance of Energy Storage in the Renewable Energy Sector

The energy storage sector is on the verge of explosion. As leading economies around the world race to install more and more renewable energy production capacity, the nature of our energy landscape is changing, and the grid will need significant advances and infrastructural supports to keep up. One of these key supports is energy storage, which can manage and even out the variable flow of renewable energy to and from the grid.

Due to its central role in energy security in an increasingly decarbonized world, the energy security sector could double in size over the course of 2024. The majority of energy storage is currently accomplished with the use of lithium-ion batteries, but there are a few problems with the wide-scale employment of this technology. First, lithium is a highly sought-after finite resource that is yielding an increasingly negative environmental and health impact in the places where it is mined

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