Global Superconducting Magnetic Energy Storage (SMES) System Market to Gain from Integration of Renewable Energy with the Grid
Superconducting magnetic energy storage (SMES) is a relatively novel technology that stores electricity with minimal loss of energy. This is achieved by storing energy in the magnetic field of a coil that features superconducting wire. SMES comprises a superconducting coil, a power conditioning system, and a cooling system.
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