Primus Power: The Future Of Energy Storage Beyond Lithium Ion

Over the past decade, prices for solar panels and wind farms have reached all-time lows. However, the price for lithium ion batteries, the leading energy storage technology, has remained too high. So researchers are exploring other alternatives, including flow batteries, thermal batteries, and gravity-based systems.

Overall, the energy storage market is predicted to attract $620 billion dollars in investments by 2040.

Sources: CNBC, Primus Power