Sodium-ion batteries have a significant advantage in terms of energy storage unit price compared to lithium-ion batteries. This cost-effectiveness stems from the abundance and
Bottom line: With CATL''s Naxtra heading for mass production and more than 100 GWh of cumulative capacity now financed across three continents, sodium-ion is no longer
In 2024, 113 MW BESS projects are expected to become operational, and 359 MW industrial-scale BESS projects have already been announced for the next five years (Elinkeinoelämän Keskusliitto, 2024). Moreover, the Finnish government
The "Report on Optimal Generation Capacity Mix for 2029-30" by the Central Electricity Authority (CEA 2023) highlight the importance of energy storage systems as part of
Sodium-ion battery systems are expected to reach a total capacity of 394 GWh, accounting for 8% of the total battery market. For energy storage system (ESS) applications, sodium-ion batteries are projected to cover
The cost of a Na-ion battery cell is expected to be around $40-80/kWh compared to an average of $120/kWh for a Li-ion cell. Na-ion batteries are safer (operating temperature
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
This technology strategy assessment on sodium batteries, released as part of the Long-Duration Storage Shot, contains the findings from the Storage Innovations (SI) 2030 strategic initiative.
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
A goal of BATTERY 2030+ is to develop a long-term roadmap for forward-looking battery research in Europe. This roadmap suggests research actions to radically transform the way we discover,
It also has a majority stake in a BESS project in Greece, while in February 2024, FRV partnered with AMP Tank Finland Oy for a utility-scale battery energy storage system (BESS) project in Finland.
While lithium ion battery prices are falling again, interest in sodium ion (Na-ion) energy storage has not waned. With a global ramp-up of cell manufacturing capacity under way, it remains unclear
Market Forecast By Type (Sodium-Sulphur Battery, Sodium-Salt Battery, Sodium-Air Battery), By Application (Stationary Energy Storage, Transportation) And Competitive Landscape
The global demand for batteries is surging as electrification and advancements in the renewable energy market drive efforts to combat climate change.The lithium-ion battery market, encompassing everything from mining
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
Sodium-ion batteries are an emerging battery technology with promising cost, safety, sustainability and performance advantages over current commercialised lithium-ion batteries.
Sodium-ion batteries also have the longest lifetime among battery storage systems. But the key factor that increases the profitability of sodium-ion batteries is that sodium
Sodium-ion batteries are a promising technology for the ESS-market, expected to take up 21 % of new installations by 2030. This means an anticipated demand of about 50 GWh of sodium-ion
Europe alone could have over 130 000 tonnes of lithium-ion batteries to recycle in 2030, over two-thirds the amount available for recycling worldwide today, according to Hans-Eric Melin, director of Circular Energy Storage, a London
The aim is to further promote the integration of renewables into the wider energy system which will stimulate energy storage growth in turn. Additionally, IRENA has conducted a study on electricity storage costs and
The BATTERY 2030+ vision is to incorporate smart sensing and self-healing functionalities into battery cells with the goals of increasing battery reliability, enhancing lifetime, improving safety,
d a new battery industry ecosystem. In particular, this study aims at giving a foundation to 1) creating in Finland a globally competitive battery industry business ecosystem, 2) enabling
The global Containerized Battery Energy Storage System (BESS) Market size was estimated at USD 9,33 billion in 2024 and is predicted to increase from USD 13.87 billion in 2025 to
Our Five Beliefs for the 2030 Battery Market 1. Lithium-ion batteries will remain dominant for the foreseeable future Lithium-ion batteries have dominated the global EV battery
Lithium-ion batteries have dominated the global EV battery market and will continue to do so. Emerging technologies such as solid state and high-density sodium-ion are still in the prototype and pilot manufacturing
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
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
Discover how sodium-ion batteries offer a low-cost, eco-friendly alternative to lithium-ion, paving the way for efficient renewable energy storage.
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
In the power sector, battery storage is the fastest growing clean energy technology on the market. The versatile nature of batteries means they can serve utility-scale projects, behind-the-meter storage for households and
Unlike early-stage technologies, the focus now revolves around deploying commercially viable prototypes. This progress reflects the growing confidence in sodium-ion
Inventing the sustainable batteries of the future The roadmap for Battery 2030+ is a long term-roadmap for forward looking battery research in Europe. The roadmap suggests research actions to radically transform the way we
The Sodium-ion Battery Market size is estimated at USD 178.66 million in 2025, and is expected to reach USD 253.88 million by 2030, at a CAGR of 7.28% during the forecast
Battery 2030: Resilient, sustainable, and circular Battery demand is growing—and so is the need for better solutions along the value chain.
Energy storage emerged as the largest end-use segment with a market share of about 50.51% in 2023 and is expected to witness robust growth over forecast period. From grid-level applications to residential energy storage systems, sodium-ion batteries offer a compelling solution for storing renewable energy efficiently and cost-effectively.
The sodium ion battery market in the U.S. is expected to grow at a CAGR of 18.9% from 2024 to 2030. Increasing demand for sodium-ion batteries from sectors like electric utilities, transportation (potentially for low-range EVs or commercial fleets), and industrial applications requiring reliable and cost-effective energy storage.
This technology strategy assessment on sodium batteries, released as part of the Long-Duration Storage Shot, contains the findings from the Storage Innovations (SI) 2030 strategic initiative.
in the European battery ecosystem. It is clear that Finland should assure the existence of these competences in the future. The role of GTK and its vast geoscientific data plays an important role in this, and not only regarding the current Li-ion battery boom but also in the future when different minerals are req
e ESS-market, expected to take up 21 % of new installations by 2030. This means an ant cipated demand of about 50 GWh of sodium-ion cells required in 2030. Key drivers for the expected entrance of sodium-ion storage are the low price, high abundance of ce
The global market is experiencing significant growth and is poised for further expansion in the coming years. The Asia Pacific sodium ion battery market dominated the global market and accounted for the largest revenue share of 40.57% in 2023.
