Electric power systems are rapidly shifting from fossil fuels to renewable energy sources. Shifting the entire electrical grid power system to renewables such as hydro, wind, and solar is a complex task. Renewable energy have unpredictable energy generation profiles, thus, efficient energy storage systems are needed to handle the load fluctuations.
Within the energy storage market, batteries are the fastest-growing technology because of their modularity and scalability. Today’s market is dominated by two technologies: lithium and lead-acid batteries. These alternatives are neither safe nor reasonably priced.