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What is the future of energy storage technology?

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The future of energy storage technology looks promising with the development of various innovative technologies that can efficiently store renewable energy. Lithium-ion batteries continue to be a popular choice due to their high energy density, long life span, and cost-effectiveness. 

Moreover, hydrogen fuel cells are gaining popularity as a sustainable energy source for long-duration energy storage applications. Energy storage systems such as pumped hydroelectricity, compressed air energy storage, and thermal energy storage are also being explored as viable options for energy storage.
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