Global demand for sodium-ion batteries is expected to grow to just under 70 GWh in 2033, from 10 GWh in 2025, at a compound annual growth rate (CAGR) of 27%, according to UK-based market research
Sodium-ion batteries are emerging as a compelling alternative to lithium-ion, offering a unique blend of material abundance, system compatibility, and enhanced safety. As the energy storage market searches for
SMM brings you current and historical Sodium-ion Battery price tables and charts, and maintains daily Sodium-ion Battery price updates.
BloombergNEF''''s annual battery price survey finds a 14% drop from 2022 to 2023. New York, November 27, 2023 - Following unprecedented price increases in 2022, battery prices are
We compare projected sodium-ion and lithium-ion price trends across over 6,000 scenarios while varying Na-ion technology development roadmaps, supply chain scenarios, market penetration and
Summary: Ecuador''''s energy storage sector is experiencing rapid growth, driven by renewable energy integration and grid modernization efforts. This article explores current bidding
Sodium ion batteries are next-generation energy storage products. How do they stack up against lithium ion batteries, the longtime consumer favorite?
In the short term, some analysts expect flat or even increasing pricing for battery storage. In addition, BNEF and others indicate changes in lithium-ion chemistry (e.g., switching from
Furthermore, if the price of lithium-ion batteries in China continue to drop in 2025, this will support battery energy storage systems becoming more profitable.
A new study from Stanford says that sodium-ion batteries will need more breakthroughs in order to compete with lithium-ion (Li-ion).
In the first half of 2025, all segments of the sodium-ion battery industry chain demonstrated significant growth. However, the industry also faced concurrent challenges of
China has officially announced the procurement of sodium-ion batteries, setting a price ceiling at $150/kWh. This exciting development comes alongside the construction of a
With sodium priced at just $0.05 per kilogram compared to lithium''s $15 per kilogram, manufacturers can achieve significant cost reductions while maintaining comparable
It is reported that the total capacity of the sodium-ion battery energy storage system is 5 MW/20 MWh, with a tender price of 22 million yuan, equivalent to 1.1 yuan per Wh.
As we look forward to another interesting year in the battery materials space, we outline our top calls for 2025, relating to prices, policy, corporate strategy, supply and demand.
NTPC Vidyut Vyapar Nigam Ltd (NVVN)''s tender for 1,000 MWh (500 MW x 2 hours) of standalone battery energy storage systems (BESS) with viability gap funding in Rajasthan has resulted in tariffs range from INR 2.16
By 2025, sodium-ion batteries adopting the technological path of layered oxide will likely cost 83 percent of lithium iron phosphate batteries, the general manager of Chinese new energy and battery giant BYD''s energy
2025 is shaping up to be the year when energy storage battery prices make lithium-ion cells cheaper than a Starbucks latte per kilowatt-hour. With prices for large-scale
The lithium-ion battery industry continues to face unprecedented supply chain challenges in 2025. Recent data from Benchmark Mineral Intelligence shows lithium carbonate prices have increased by 28% year-to
To really understand if sodium batteries stand a chance against the tried-and-tested Li-ion technology, let us compare them head-to-head so we can make an informed guess.
A new Stanford University study finds that there are several several key routes that sodium-ion battery developers can take to compete on price, specifically against a low
The study also identifies market forces and supply chain conditions that could hurt sodium-ion''s competition with lithium-ion. For example, if lithium prices continue where they are today near historic lows, sodium-ion
CATL, the world''s largest battery manufacturer, is making significant strides in Sodium-ion Battery technology. During an investor call on March 20, 2025, the company
The Sodium-ion Battery market is experiencing significant growth, driven by a rising demand as a sustainable alternative to Lithium-ion batteries. In 2024, the global market
A spokesperson for the electricity transmission system operator (TSO) has revealed huge interest in the battery-specific Centralized Allocation Mechanism for Energy Sustainability (Macse) tender planned for 2025.
Sodium is abundant and inexpensive, sodium-ion batteries (SIBs) have become a viable substitute for Lithium-ion batteries (LIBs). For applications including electric vehicles
The innovative project located in a suburban district in the south of Shanghai will integrate five different energy storage technologies, including sodium-ion batteries. Its first
Success will depend on achieving higher cell performance metrics. Systems-Level Success Industry leaders stress that success for battery technologies hinges on systems-level implementation. Though sodium-ion cell
The sodium ion battery market size exceeded USD 270.1 million in 2024 and is set to grow at a CAGR of 26.1% from 2025 to 2034, due to the rising demand for cost-effective sustainable solutions with reduced supply chain risk is set to
It is reported that the total capacity of the sodium-ion battery energy storage system is 5 MW/20 MWh, with a tender price of 22 million yuan, equivalent to 1.1 yuan per Wh.
Sodium-ion batteries are being leveraged across multiple industries. Utility companies are at the forefront of their deployment, as demonstrated by HiNa Battery’s 100MWh energy storage project. These batteries provide an affordable alternative for renewable energy grid storage, helping stabilize energy supply.
The sodium ion battery held around 22.1% share in 2024. The sodium ion battery market size exceeded USD 270.1 million in 2024 and is set to grow at a CAGR of 26.1% from 2025 to 2034, due to the rising demand for cost-effective sustainable solutions with reduced supply chain risk is set to boost the product adoption.
The global sodium ion battery market was valued at USD 270.1 Million in 2024 and is set to grow at a CAGR of 26.1% from 2025 to 2034. Rising demand for cost-effective sustainable solutions with reduced supply chain risk is set to boost product adoption.
As of 2025, sodium-ion batteries are well-positioned to achieve cost parity with lithium-iron-phosphate (LFP) batteries, a key milestone for market competitiveness. With ongoing innovations and substantial investments, their adoption in energy storage systems, renewable grids, and budget EVs is expected to soar in the coming years.
The sodium-ion battery market is gaining significant traction as a sustainable and cost-effective alternative to lithium-ion technology. With sodium priced at $0.05 per kilogram compared to lithium's $15, sodium-ion batteries offer a 300-fold cost advantage in raw materials.
Some of the major players in the sodium ion battery industry include Altris, Broadbit Batteries, CATL, China BAK Battery, Farasis Energy, Faradion Limited, HiNa Battery Technology, Li-FUN Technology, Natron Energy, SVOLT, and Tiamat. How much sodium ion battery share captured by North America in 2024?
