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.
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
Battery energy storage systems (BESS) will have a CAGR of 30 percent, and the GWh required to power these applications in 2030 will be comparable to the GWh needed for all applications
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
"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
With a growing demand for energy storage systems to integrate renewable energy sources like solar and wind power, investors can explore opportunities in supplying battery storage technologies, developing grid-scale energy storage
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
Discover how sodium-ion batteries offer a low-cost, eco-friendly alternative to lithium-ion, paving the way for efficient renewable energy storage.
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
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
Research firm Fastmarkets recently forecast that average lithium-ion battery pack prices using lithium iron phosphate (LFP) cells will fall to US$100/kWh by 2025, with nickel manganese cobalt (NMC) hitting the same
This report comes to you at the turning of the tide for energy storage: after two years of rising prices and supply chain disruptions, the energy storage industry is starting to see price
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
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
Unlike early-stage technologies, the focus now revolves around deploying commercially viable prototypes. This progress reflects the growing confidence in sodium-ion
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 (SIBs) are emerging as a potential alternative to lithium-ion batteries (LIBs) in the quest for sustainable and low-cost energy storage solutions [1], [2]. The
(Yicai) July 1 -- China Datang said the first phase of its sodium-ion battery new-type energy storage power station project in Qianjiang, Hubei province, the largest such project in the world, has become operational. The projects will
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
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
Global energy storage capacity was estimated to have reached 36,735MW by the end of 2022 and is forecasted to grow to 353,880MW by 2030. The UAE had 118MW of
What is the world''s largest solar-powered battery? Capacity: 409MW/900MWh Claiming it to be the world''s largest solar-powered battery, FPL developed the Manatee Energy Storage Center
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
Sodium-ion Battery Market Summary The global sodium-ion battery market size was estimated at USD 321.75 million in 2023 and is projected to reach USD 74.74 billion by 2030, growing at a CAGR of 20.0% from 2024 to 2030. The global
Abstract Sodium-ion batteries (SIBs) have emerged as an alternative to lithium-ion batteries (LIBs) due to their promising performance in terms of battery cycle lifetime, safety,
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,
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
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, according to Benchmark''s Sodium ion Battery
The International Energy Agency (IEA) predicts sodium-ion batteries will account for around 10% of annual energy storage additions globally by 2030 and grow further beyond that.
Forecast of Oman Battery Energy Storage System Market, 2030 Historical Data and Forecast of Oman Battery Energy Storage System Revenues & Volume for the Period 2020 - 2030
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.
The sodium-ion battery market is expected to grow primarily due to low-cost, abundant sodium resources, government incentives for clean energy storage, and rapid technological advances
Further innovation in battery chemistries and manufacturing is projected to reduce global average lithium-ion battery costs by a further 40% from 2023 to 2030 and bring sodium‑ion batteries to the market.
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.
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.
By application, the market is segmented into stationary energy storage and transportation. The report also covers the market size and forecasts for the sodium ion battery market across major regions, such as North America, Europe, Asia-Pacific, Middle East, Africa, and South America.
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.
The market stands at USD 465.21 million in 2025 and is forecast to reach USD 1,003.92 million by 2030, advancing at a 16.63% CAGR. Which application segment leads sodium-ion battery demand?
