Lithium ion batteries have been the mainstay of the energy storage market for decades. But with utility scale energy storage projected to skyrocket to 2.5 terawatts by 2040, grid operators are frantically looking for cheaper, more reliable and more environmentally friendly alternatives. Now an 'old' energy storage technology has been revitalised and revolutionised for the 21st century. And as usual, the race is on between China and the USA to gain market dominance.
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