The fast-growing battery industry is most associated with electric vehicles, but its growth is also being driven by energy storage on a wider scale.
The market for this “grid-scale” storage — enough to power a town or city — more than doubled last year. And almost all of the growth came from lithium-ion batteries — the same as those used to power electric cars.
Along with wind turbines and solar panels, shipping containers full of these batteries are set to become a more common sight in the future. That’s because grid-scale storage is essential for helping renewables become the largest source of electricity over the next few decades.
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