Energy storage “is at the heart of the sustainable energy revolution”, says GlobalData. Credit: Mint Images via Getty Images.

In the race to achieve net-zero emissions, advanced energy storage technologies are emerging as a game-changer, transforming how various sectors harness renewable power, says GlobalData, a leading data and analytics company.

The latest breakthroughs, ranging from sodium-ion batteries that slash costs and improve safety to ultra-fast charging solutions that accelerate EV adoption, are reshaping the energy management across automotive, aerospace, residential, and commercial and industrial sectors.

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Saurabh Daga, project manager of disruptive tech at GlobalData, the parent company of Power Technology, said: “Energy storage technologies are emerging as a cornerstone for the global shift to renewables, addressing critical challenges of intermittency and grid stability.”

They added that advanced solutions such as “solid-state batteries and sodium-ion alternatives are not just supplementing traditional lithium-ion systems but are driving significant improvements in safety, life cycle and cost efficiency”.

“As industries from automotive to aerospace adopt these innovations, the potential to significantly reduce energy costs and cut greenhouse gas emissions becomes a tangible reality,” they said.

GlobalData’s latest Innovation Radar report – Energy Storage: The Key to Unlocking a Sustainable Future – highlights sector-specific advances and strategic innovations in energy storage, showcasing their potential to reshape industries such as automotive, aerospace and residential energy management.

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For example, in the automotive world, Volkswagen subsidiary PowerCo’s partnership with QuantumScape has led to solid-state battery prototypes that could extend EV ranges up to 500,000km, setting new standards for durability and charging efficiency.

In terms of aerospace, GM Defense, a General Motors subsidiary, has developed an Ultium EV platform-based energy storage system for military use. The system supports multiple motors and adaptable configurations, reducing fossil fuel reliance and supply chain risks with its chemistry-agnostic design.

Daga concluded that energy storage “is at the heart of the sustainable energy revolution, with the potential to transform how we store, manage and deploy renewable power. Success will depend on scaling these technologies to meet the growing demand and fostering cross-industry collaborations that accelerate their adoption.”