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This lecture by the instructor covers the classification of energy storage technologies based on type and characteristics, emphasizing the importance of energy storage in future energy systems to address the intermittency of renewable sources. It explores the concept of decoupling energy supply and demand, the global principles of energy storage, round-trip efficiency, and the role of storage in balancing reserves. The lecture delves into the challenges posed by the intermittency of solar and wind energy, the need for efficient resource utilization, and the significance of grid stability. Various storage technologies, their efficiencies, and the current global installed capacity are discussed, along with the classification based on time scale, response time, and energy/power density.