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Navigating Long-Duration Energy Storage
This chapter examines the diverse definitions and applications of long-duration energy storage, highlighting the fragmented nature of the market and the varying recognition of technologies among providers. It emphasizes the cost competitiveness of long-duration solutions compared to lithium-ion batteries, particularly in the context of China’s leadership in storage technology. Furthermore, the chapter discusses the influence of government policies and financial incentives that are essential for the growth and innovation of these energy storage solutions globally.