⛈Giant Batteries Are Transforming the World’s Electrical Grids Bloomberg reports that global energy storage capacity has tripled in recent years, thanks to an industry that barely existed a decade ago. 📈The rapid growth of large-scale energy storage is driven by plunging battery prices, rising electricity demand and a recognition among operators, utilities and public officials that grids are less reliable than they once were. 🇺🇸From 2021 through 2023, the state installed 8,1 GW of storage. That’s more than all the power plants in Alaska and Hawaii combined. There hasn’t been a rolling blackout since, despite plenty of high temperatures. 📊Global prices for large-scale energy storage systems have plunged 73% since 2017. Their ability to switch on and off instantly lets them recharge when electricity is cheap and sell power when prices rise. And they’re relatively fast to deploy, with the installation taking less than a year. Read full: ⬇️⬇️⬇️ en review.uz/en/o1i ru review.uz/o1i More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin