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Advanced Energy Storage Market is Trending due to Increasing Renewable Energy Integration

The advanced energy storage market includes energy storage technologies like batteries, flywheels, compressed air and pumped-hydro storage that are used for storing electricity generated through sources like solar, wind and hydroelectricity. These energy storage systems play a vital role in improving the efficiency of the power grid by regulating voltage fluctuations and ensuring reliable power supply even during peak hours. They help maximize the use of renewable energy by storing surplus power


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