Whilst battery demand will increase it's expected costs will continue to decrease - "Innovation reduces total capital costs of battery storage by up to 40% in the power sector by 2030 in the Stated Policies Scenario"(3)
1. https://www.gridstatus.io/live/caiso?date=2024-11-27 2. https://modoenergy.com/research/ercot-battery-energy-storage... 3. https://www.iea.org/reports/batteries-and-secure-energy-tran...
We haven't even specified what kind of storage technology we're talking about yet you already state that "materials used for current storage technologies are expected to see demand skyrocket". Are you referring to batteries? There are countless other technologies to "store" energy.
Home batteries can be part of a grid level response but this is nascent.
Materials used for current storage technologies are expected to see demand skyrocket. We’re still to see the renewables going further than the residential proof of concept on a society scale.
God bless plutonium.