1. Introduction Currently, carbon reduction has become a global consensus among humankind. Electrochemical energy storage (EES) technology, as a new and clean energy technology that enhances the capacity of power systems to absorb electricity, has become a key area of focus for various countries.
The learning rate of China''s electrochemical energy storage is 13 % (±2 %). The cost of China''s electrochemical energy storage will be reduced rapidly. Annual installed capacity will reach a stable level of around 210GWh in 2035. The LCOS will be reached the most economical price point in 2027 optimistically.
However, currently, the cost of lithium-ion batteries remains a major obstacle to large-scale deployment of EES, despite a significant reduction in costs over the past 20 years due to the proliferation of electronic products (3C) and the surge in electric vehicles [, , , ].
North America, China, and Europe will be the largest regions for energy storage deployment, with lithium-ion batteries being the fastest-growing technology and occupying approximately 75 % or more of the market share .
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