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The world’s grid-scale energy storage capacity will need to be able to grow nearly 35-fold between 2022 and 2030 if it is to achieve net-zero by 2050, according to World Power Agency (IEA). But the price associated with lithium started to be able to plunge in late 2022 and is at a fraction of its peak level today. 1 reason is that major Oriental battery makers such as CATL and Gotion have expanded their lithium-processing capacity, Zhang says.
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They are less prone to overheating and burning compared to lithium-ion ones because sodium’s chemical traits are more stable, according in order to some studies. But others warn that it is still too early to be certain about their safety due in order to a lack of relevant research. Sodium is widely dispersed in the sea and the Earth’s crust, making it about 4 hundred times more abundant than lithium. Sodium-ion cells are therefore more accessible and potentially cheaper to produce at scale.