Earlier quoted context omitted.
We are just as of 2020 reaching cost effectiveness for batteries, and planning by utilities is often on five year time lines and uses outdated data, so they are slow to pick up new technology. Nonetheless, storage is ready, and even in profit driven grids like Texas' ERCOT: > Citing lower costs and increased renewables, momentum continued in the growth of battery energy storage systems in 2021, roughly doubling with…
> growth of battery energy storage systems in 2021, roughly doubling with 1,262 MW online That makes no sense. How much do they store?
Prior generations of lithium ion on the grid were more used for frequency regulation, and would be far smaller and have far higher power/energy rations, like 15-30 minutes. Though this was an extremely profitable market for a while, once people figured out how easy it was to get batteries to do it the market was flooded and frequency regulation does not take a massive amount of battery to accomplish.
Though lithium ion is generally viewed to cap out at 4 hours of duration, I'm thinking that it may get cheap enough per kWh of capacity to install undersized inverters and go to 8-12 hours of capacity. This could compete with other emerging battery technologies targeting that length of duration. An early test of this will be the "long duration storage" component of the replacement package of Diablo Canyon; I dont think that a particlular vendor has been chosen, but most people seem to think that it will be non-lithium-ion that will win the bid. There are other early stage battery startups with ~100 hour duration chemistries. All of these vary based on round-trip efficiency, cost per kWh of energy capacity, and lifetime over cycling.