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Pumped hydro storage (PHS) involves elevating water to generate electricity on demand, while compressed air energy storage (CAES) utilizes compressed air for peak demand release. Lithium-ion batteries are favored for their high energy density, typically ranging from 150 to 250 Wh/kg, with over 90% efficiency. Global wind capacity has grown faster than a teenager's appetite, reaching 837 GW by 2023.
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