Energy storage refers to the capture and retention of energy for use at a later time. It enables the storage of excess energy generated during periods of low demand or when renewable energy sources, such as solar or wind, are producing more energy than is immediately needed. This stored energy can be released and utilized when demand increases or when energy generation is low. Common methods of energy storage include batteries, pumped hydroelectric storage, compressed air energy storage, and thermal storage. Energy storage plays a crucial role in balancing supply and demand, enhancing grid stability, and facilitating the integration of renewable energy sources into the energy system.
In recent years, Chinese battery manufacturers have established a dominant presence in the global energy storage market. The United States, however, is growing increasingly cautious about relying on Chinese-produced batteries…