Advancements in Energy-Storage Technologies: A Review of
Energy-storage technologies have rapidly developed under the impetus of carbon-neutrality goals, gradually becoming a crucial support for driving the energy transition.
Development Status of Various Energy-Storage Technologies [13, 36]. The table presents a summary of the development status, application directions, and key advantages and disadvantages of various energy-storage technologies. Overall, mechanical energy storage, particularly pumped hydro storage, is the most mature technology.
In future developments, innovations in energy storage technologies will further enhance their role in the energy transition. For instance, improving the energy density of battery containers is an important direction in the development of current battery technologies.
Through market-oriented reforms, energy-storage systems are gradually transforming from being a “cost center” to a “profit center,” becoming an important part of the flexible resources in the electricity market, thus driving innovation and development in the electricity market .
Globally, energy storage project development is increasingly driven by the utility-scale segment, with mandates and targeted auctions driving gigawatt-hour projects in markets like China, Saudi Arabia, South Africa, Australia and Chile.
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