The world will need significantly increased energy supply in the future, especially cleanly-generated electricity. Electricity demand is increasing about twice as fast as overall energy use and is likely to rise by more than half between 2022 and 2040. As the world transitions to renewable energy sources, the need for efficient and reliable energy storage system has become paramount. Innovations in energy storage are crucial for addressing the intermittency of renewable energy sources like solar and wind and for ensuring a stable and resilient energy. Lithium-Sulfur Batteries promise higher energy densities and lower costs compared to lithium-ion batteries. However, challenges related to cycle life and sulfur dissolution are being through ongoing research. Systems like Energy Vault use excess renewable energy to lift heavy weights, storing potential energy. When energy is needed, the weights are lowered, driving generators to produce electricity. Innovations in energy storage are crucial for the continued growth and integration of renewable energy sources. From advanced lithium-ion and solid batteries to hydrogen storage and beyond, these technologies are poised to transform the energy landscape, making it more sustainable, reliable, and resilient. As research and development continue, people can expect even ore groundbreaking advancements that will further enhance out ability to store and utilize clean energy efficiently.
Reference:
https://world-nuclear.org/information-library/current-and-future- generation/world-energy-needs-and-nuclear- powerpower#:~:text=The%20world%20will%20need%20significantly,half%20 between%202022%20and%202040.