Advanced Materials for Next-Generation Energy Storage Devices: A Focus on Efficiency and Cost Reduction

¹ *Assistant Professor,Department of EEE,Prince Shri Venkateshwara Padmavathy Engineering College, Chennai - 127.
² Asst Professor,Department of CSE,New Prince Shri Bhavani College of Engineering and Technology Chennai - 600073, Tamil nadu,India,anitasofia@newprinceshribhavani.com
³ Electronics & Telecommunication,Vishwakarma Institute of Technology Pune India vijay.mane@vit.edu
⁴ Assistant Professor, School of Business and Management, CHRIST University, Bangaluru Email - sbjeshurun@gmail.com
⁵ Institute of Business Management, GLA University, Mathura, gunjan.sharma@gla.ac.in
⁶ Department of Mechanical engineering, Dr. D. Y. Patil Institute of Techology, Pimrpi, Pune
⁷ Associate Professor, AAA College of Engineering and Technology, Sivakasi, India, srisenthil2011@gmail.com

^* P.Chandrakala_eee@psvpec.in

Abstract

The increasing demand for efficient and cost-effective energy storage systems has pushed extensive research into improved materials for next-generation energy storage devices. This study discusses the crucial significance of material advances in boosting the performance and reducing the costs of storage technologies such as batteries and supercapacitors. Conventional energy storage systems face limits in energy density, charge or discharge rates, and scalability, which impede their broad implementation. Advanced materials, including nanomaterials, solid-state electrolytes, and innovative electrode compounds, offer solutions to these difficulties by enhancing energy efficiency, power output, and overall longevity. Additionally, the use of plentiful and low-cost materials, such as sodium-ion and aluminium-based compounds, presents prospects for significant cost savings. This research analyzes current trends, issues in material manufacturing, and future perspectives for energy storage systems, concentrating on balancing efficiency improvements with cost-effectiveness to enable the rising integration of renewable energy sources. The development of these materials is important to creating sustainable, scalable, and economical energy storage systems for the future.