Energy storage plays an important role in the wide-scale adoption of intermittent renewable energy technologies. An economical application of energy storage technologies will provide the flexibility to use renewable power during required periods and increase the reliability of the renewable power supply. The global energy storage capacity stands at 1,27,866 MW, and pumped hydro accounts for 99.32% of the total capacity. The research focus area for energy storage systems remains improving the overall economics and efficiency of the system.

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The report provides the global installed capacity for energy storage, cost and efficiency comparison, power subsystem and energy storage subsystem cost, and technical comparison for energy storage technologies.

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