The national laboratory is forecasting price decreases, most likely starting this year, through to 2050. Image: NREL. The US National Renewable Energy Laboratory (NREL) has updated its long-term lithium-ion
Some 151 project bids for support were submitted for the scheme, which will provide up to 1.154 billion BGN (€590 million/US$540 million) for up to 50% of the construction
Bulgaria has officially inaugurated the largest battery energy storage system (BESS) in the Balkans, boasting a capacity of 496.2 MWh. This groundbreaking facility, located in Lovech, is set to enhance the stability of the
Sodium ion battery capacity is surging as an additional 50 gigawatt-hours (GWh) are expected to come online this year along with 14 new market entrants, taking global capacity to 70 GWh, according to Benchmark''s Sodium ion Battery
Empowering businesses with precision, safety, and intelligence, they aim to redefine energy storage and sustainably shape its future. E-Bike Manufacturer C partnered with SodiumBattery to create a custom, cost-effective, sustainable
2023 BNEF global average 2024 2024 Mainland China China year-to-date year-to-date Source: BloombergNEF, ICC Battery. Note: 2023 price from BNEF''s Lithium-ion Battery Price Survey.
Each project can receive up to 50% of its approved costs per MWh, with a maximum grant of 76 million euros per project. Launched in August, the tender was delayed
The global sodium-ion battery market is set to expand significantly, projected to grow from USD 0.67 billion in 2025 to USD 2.01 billion by 2030, at a CAGR of 24.7%. This
No double network fees: access and transmission prices are paid only for the difference between the amount of electricity purchased from electricity market participants and the amount of
This auction is a crucial part of Bulgaria''s National Recovery and Sustainability Plan, aiming to support economic and social recovery post-pandemic while promoting the
Sodium-ion batteries have garnered notable attention as a potentially low-cost alternative to lithium-ion batteries, which have experienced supply shortages and price volatility
More sustainable and cost-efficient Na-ion batteries are poised to make an impact for large- and grid-scale energy storage applications While Lithium-ion (Li-ion) batteries have become ubiquitous over the last three
The first generation sodium ion are a bit cheaper than LFP but the volumes will not be worldchanging. However, the second generation sodium ion could reach $40 per kWh. Iron LFP batteries could get to $50/kWh with
Discover the advantages and disadvantages of sodium-ion batteries compared to other renewable energy storage technologies, their application in the energy industry and the future of cleaner energy.
Bulgaria is relying heavily on battery technology and energy storage overall in its energy transition. Belgian company ABEE launched a EUR 1.1 billion project in December for a battery plant, recycling facility and a
Between April 2021 and January 2023, lithium prices increased six-fold causing market participants to seek alternative energy storage technologies that were less dependent on bottlenecks in the lithium ion battery
The energy storage sodium ion battery market size crossed USD 245.3 million in 2024 and is set to grow at a CAGR of 25.3% from 2025 to 2034, driven by rising demand for safer, thermally stable batteries that reduce fire and explosion risks
Sodium is coming, the question is when and how much Thanks to low cost and abundant raw materials, large operating temperature range, high round trip efficiency, competitive cycle life and safety, sodium-ion batteries are well
A successful transition needs Storage Under these premises, the importance of storage for a successful transition cannot be overstated. IRENA''s 1.5°C Scenario sees a need for battery storage to offer significant
Shanghai Sermatec Energy Technology Co., Ltd. signs an agreement to install 430 MWh of energy storage in Bulgaria, consolidating its position in the European market and
Sodium ion battery capacity is surging as an additional 50 gigawatt-hours (GWh) are expected to come online this year along with 14 new market entrants, taking global capacity to 70 GWh,
We are pleased to have played our part in the development of this tender, and we look forward to seeing the establishment of new battery storage on the Bulgaria networks,
The first generation sodium ion are a bit cheaper than LFP but the volumes will not be worldchanging. However, the second generation sodium ion could reach $40 per kWh.
Successful bidders are expected to conclude their grant agreement around January 2025. Applications will be reviewed and ranked based on the requested grant per
A new factory shows how sodium ion will gain an increasing share of the U.S. energy storage market as developers seek to reduce global supply chain risks.
In total, at least 120 to 150 new battery factories will need to be built between now and 2030 globally. In line with the surging demand for Li-ion batteries across industries, we project that revenues along the entire value
The global sodium-ion battery market is set to expand significantly, projected to grow from USD 0.67 billion in 2025 to USD 2.01 billion by 2030, at a CAGR of 24.7%. This surge is driven by sodium
The majority of newly installed large-scale electricity storage systems in recent years utilise lithium-ion chemistries for increased grid resiliency and sustainability. The capacity of lithium
Sodium-Ion Battery Market to Reach $5B by 2030 Explore the anticipated growth and potential of sodium-ion batteries as projected by Shmuel De-Leon. Gain insights into the
With costs fast declining, sodium-ion batteries look set to dominate the future of long duration energy storage, finds an AI-based analysis that predicts technological breakthroughs based on global patent data.
Sodium-ion battery (SIB) technology can potentially address the concerns surrounding LIBs and emerge as an alternative BESS technology. SIBs benefit from limited reliance on critical
We use a two-pronged approach to estimate Li-ion battery LCOS / PPA prices in India: Market Based: We scale the most recent US bids and PPA prices (only storage adder component)
The rapidly evolving landscape of utility-scale energy storage systems has reached a critical turning point, with costs plummeting by 89% over the past decade. This dramatic shift transforms the economics of grid-scale
