While still in its infancy, sodium-ion technology represents a viable alternative to lithium-ion battery technologies. With better raw material costs, enhanced safety, and better sustainability credentials, sodium-ion holds a promise of easing the strain on lithium-ion’s supply chains.
As global commercialization efforts for sodium-ion batteries intensify, IDTechEx forecasts that by 2025, around 10 GWh of sodium-ion batteries will be installed as significant manufacturing capacities come online and existing lithium-ion lines are converted to sodium-ion production.
At a CAGR of 27%, sodium-ion is forecast to grow to just under 70 GWh in 2033, says the UK-based market research company. “There may be potential for more rapid growth than forecast once the technology is trusted, qualified, bankable, and available,” it added.
DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. Deregallera is a subsidiary of DG Innovate.