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Generally, pumped hydro storage is recognized as one of the most cost-effective methods for large-scale energy storage. Other affordable options include compressed air energy storage (CAES) and emerging technologies like iron-air batteries. As energy demands continue to rise and renewable sources become. . With global electricity prices doing the cha-cha slide (up 15% in 2024 alone), finding affordable energy storage has become as crucial as remembering your WiFi password.
