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In 2019 approximately 2.9 GW of storage capacity was added, which is 30% less than in 2018. The major factor behind this was that storage remains an early-stage technology and is heavily dependent on policy support The lithium-Ion battery will remain the dominant technology, owing to a price drop of over 80% from 2010 to 2017 ($/kWh); however, when it comes to scaling up and scaling fast Flow Batteries outshine Lithium- Ion batteries According to some estimates, there was a 17% decrease in energy storage deployment in the first half of 2020. However, this picked up towards the end of the second half leading to increasing in variable renewable penetration and the power market transition Flow Batteries Flow batteries have huge potential in the future owing to their long lifetime, long-duration storage, and better fire safety. Therefore there are many research activities taking place in this space. Flow batteries are rechargeable batteries based on two chemical components dissolved in the liquid contained within the system, separated by a membrane. All flow battery components are recyclable, even the metals, and there are no explosive or flammable materials.PDF Image | Flow Batteries Overthrow Li- ion for Large-scale Energy Storage
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