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A fundamental truth of the grid has been that electricity must be generated at the precise
moment it is demanded. It is the ultimate “just in time” system, where the laws of physics prevent carrying inventory. This characterization is under challenge, as the development of large-scale energy storage technologies is accelerating. A growing group of engineers, grid operators, and regulatory agencies believe that energy storage will be a critical
component of the “grid of the future.” This report provides overview of the value proposition for large-scale energy storage in various applications on the grid. Full Document

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