Energy storage technology has great potential to change the global economic situation

It is understood that the birth of a new technology can completely subvert the global energy industry
overnight.
Fracking, for example, ushered in a "shale revolution" that dramatically changed the oil industry today
.
Similarly, energy storage technology has great potential to change the development of the global economic situation
.

As we all know, solar and wind energy are used to generate electricity, and they may not necessarily catch up with the peak period of electricity consumption, so the use of renewable energy has long been plagued
by energy storage problems.
The key to unlocking the potential of renewable energy lies in energy storage technology
.
If countries that rely heavily on fossil fuels, such as Japan and Saudi Arabia, drastically cut oil consumption and switch to solar and wind power generation, combined with appropriate energy storage technologies, it could offset the world's 4 million barrels per day of crude oil use
.

In addition, the environmental benefits of energy storage technology are also very amazing
.
It could allow solar and wind to completely replace coal and natural gas
.
Just as fracking is based on the oil industry, the application of energy storage technology to the grid will make a leap
forward for the global economy.
Authoritative research shows that the commercial impact of energy storage technology applied to the national grid by 2030 could add $400 billion in annual tax revenue
to the United States.