Managerial Accounting
Energy storage refers to the process of capturing energy produced at one time for use at a later time. It is a crucial component in the context of sustainability, as it allows for the efficient utilization and conservation of energy resources. Energy storage technologies enable the storage of energy generated from renewable sources, such as solar and wind power, which can be intermittent in nature. By storing this energy, it can be accessed when needed, reducing the reliance on fossil fuels and promoting a more sustainable energy system.
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