Discover how sodium-ion batteries offer a low-cost, eco-friendly alternative to lithium-ion, paving the way for efficient renewable energy storage.
Executive Summary In this work we describe the development of cost and performance projections for utility-scale lithium-ion battery systems, with a focus on 4-hour duration
Market Forecast By Type (Sodium-Sulphur Battery, Sodium-Salt Battery, Sodium-Air Battery), By Application (Stationary Energy Storage, Transportation) And Competitive Landscape
Sodium-ion batteries are an emerging battery technology with promising cost, safety, sustainability and performance advantages over current commercialised lithium-ion batteries.
"Average market prices for battery packs have dropped from $865/kWh in 2012 to $149/kWh in 2019, an 83% fall in real terms," says Eller. Going forward, Navigant predicts a further halving of lithium-ion battery cell costs per kWh by 2030, as
Sodium-ion batteries provide less than 10% of EV batteries to 2030 and make up a growing share of the batteries used for energy storage because they use less expensive materials and do not
By 2030, total installed costs could fall between 50% and 60% (and battery cell costs by even more), driven by optimisation of manufacturing facilities, combined with better combinations
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
Sodium Ion Battery Market size was valued at USD 0.48 Bn. in 2023 and the total Sodium Ion Battery revenue is expected to grow by 21.2 % from 2024 to 2030, reaching nearly
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
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 energy storage project includes 42 energy storage warehouses and 21 machines integrating energy boosters and converters, using large-capacity sodium-ion batteries of 185 ampere-hours, with a 110-kilovolt
The vast majority, upwards of 80% in recent years, of energy storage installations have used lithium-ion batteries. Lithium-based deployments have continued apace despite supply chain concerns, largely because of
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
With ongoing advancements in sodium-ion battery technology, coupled with expanding infrastructure for EV charging, sodium-ion batteries are poised to play a significant role in powering the next generation of EVs, contributing to
Developers expect to bring more than 300 utility-scale battery storage projects on line in the United States by 2025, and around 50% of the planned capacity installations will be in Texas. The five largest new U.S.
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
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
Installed capacity projection of Na-ion battery by potential application [16]. (Figure reprinted with permission.) Although Na-ion and Li-ion batteries share a common working principle, Na-ion batteries exhibit lower energy density and slower
This analysis delves into the costs, potential savings, and return on investment (ROI) associated with battery storage, using real-world statistics and projections.
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,
Energy storage is integral to achieving electric system resilience and reducing net greenhouse gases by 45% before 2030 compared to 2010 levels, as called for in the Paris Agreement. China and the United States
The sodium-ion batteries market is set for substantial growth due to rising renewable energy adoption, such as solar and wind, and increasing demand for low-speed
An alternative to lithium-ion batteries, sodium-ion battery technology offers could alleviate battery-market pressures and potentially push down costs Underground pumped storage, Compressed air, superconducting
Sodium-ion Batteries 2024-2034 provides a comprehensive overview of the sodium-ion battery market, players, and technology trends. Battery benchmarking, material and cost analysis, key player patents, and 10 year
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
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,
Unlike early-stage technologies, the focus now revolves around deploying commercially viable prototypes. This progress reflects the growing confidence in sodium-ion
The Global Sodium-Ion Battery Market was valued at USD 387.07 Billion and is projected to reach a market size of USD 845.05 Billion by the end of 2030. Over the forecast period of 2024-2030,
Technology Strategy Assessment Findings from Storage Innovations 2030 Lithium-ion Batteries July 2023 About Storage Innovations 2030 This report on accelerating the future of lithium-ion
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
Frequency response markets pay for millisecond ramp capability, where sodium-ion cells sustain high power pulses without thermal runaway. Analysts see the sodium ion battery market share for utilities remaining dominant through 2030, supported by national storage mandates in China and multi-gigawatt auction programs emerging in India.
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.
A sodium-ion battery is a viable power storage option because sodium ions serve as a highly active and efficient charge carrier. Some of the characteristics of sodium-ion batteries include their reversibility, good electrochemical properties, and fast response time.
With ongoing advancements in sodium-ion battery technology, coupled with expanding infrastructure for EV charging, sodium-ion batteries are poised to play a significant role in powering the next generation of EVs, contributing to reduced emissions and a greener transportation ecosystem.
The sodium-ion battery market is currently characterized by low market concentration, with a mix of established players from the lithium-ion battery industry and emerging startups developing sodium-ion technology.
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.
