Lithium-ion battery (LIB) research and development has witnessed an immense spike in activity in recent years due to the astonishing surge in demand for portable, environmentally acceptable energy sources across various industries. This need has resulted in a significant increase in the number of companies conducting LIB research and storing electrical energy and the intrinsic features that they contain. LIBs have become the go-to alternative for storing electrical energy in portable devices and electric vehicles. These properties include a lightweight structure, a high energy density, a small size, little memory effects, an extended lifespan, and environmental friendliness. Other advantages include a longer lifespan and a reduced impact on the environment. This review thoroughly examines energy storage technology changes. It shows the move away from environmentally harmful energy sources to greener ones. It highlights the need for creative energy storage options to match our rapidly changing technological world.