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ABB is developing an advanced energy storage system using superconducting magnets that could store significantly more energy than today's best magnetic storage technologies at a fraction of the cost. This use of superconducting coils to store. . Numerous SMES projects have been completed worldwide, with many still ongoing. This chapter will provide a comprehensive review of SMES projects around the globe, detailing the methodologies for maintaining the low temperatures required for these devices. What are Superconducting Magnetic Energy Storage (SMES) Systems? SMES systems use the power of magnetism to store energy with near-perfect efficiency, losing almost. . Superconducting Magnetic Energy Storage (SMES) is increasingly recognized as a significant advancement in the field of energy systems, offering a unique combination of efficiency and reliability.