How Batteries Got Cheaper and Made the Electric Grid More Reliable
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Lithium-ion batteries are increasingly being used to enhance electric grid reliability worldwide. Initially deemed expensive and risky, the technology gained traction after a pioneering installation in Chile's Atacama Desert around 2009. These large batteries connect to power lines and renewable energy sources, storing excess power for later use during peak demand. This reduces reliance on costly power plants and transmission lines. The adoption of grid-scale batteries has been driven by the falling prices of lithium-ion technology and the rapid growth of renewable energy, making them a crucial component of modern power grids.
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