One of the largest and most diverse uses of the intercalation process by the early 2020s is in lithium-ion electrochemical energy storage, in the batteries used in many handheld electronic devices, mobility devices, electric vehicles, and utility-scale battery electric storage stations.
By 2023, all commercial Li-ion cells use intercalation compounds as active materials, and most use them in both the cathode and anode within the battery physical structure. 
In 2012 three researchers, Goodenough, Yazami and Yoshino, received the 2012 IEEE Medal for Environmental and Safety Technologies for developing the intercalated lithium-ion battery and subsequently Goodenough, Whittingham, and Yoshino were awarded the 2019 Nobel Prize in Chemistry "for the development of lithium-ion batteries".