Sodium-ion energy storage investment

Why is sodium ion a good choice for energy storage?

Peter Carlsson concludes: “Our sodium-ion technology delivers the performance required to enable energy storage with longer duration than alternative battery chemistries, at a lower cost, thereby opening new pathways to deploying renewable power generation.

Is sodium ion the future of battery storage?

Utility-scale storage powered by sodium-ion is the answer to securing this future on a resilient, decarbonized grid." Sodium-ion is a stable and proven battery chemistry that offers advantages in cost, supply chain security, scale, and safety over lithium-ion, the industry's current default battery storage choice.

Will sodium-ion technology help save energy?

With a clear opportunity to ensure affordable energy, Peak Energy is moving fast to industrialize sodium-ion technology with a goal of lowering energy storage costs by up to 50%. “Sodium-ion is the key to unlocking the potential of renewable energy and will finally enable power providers to fully decarbonize the grid,” said CEO Landon Mossburg.

When will peak energy start deploying sodium ion systems?

Beginning in 2025, Peak Energy will start deploying its sodium-ion systems while simultaneously building a domestic, giga-scale battery factory that is scheduled to begin operations in 2026.

When will peak energy launch a large-scale sodium-ion storage system?

Purchase Licensing Rights U.S. company Peak Energy is developing large-scale sodium-ion storage and is looking to deliver its first pilot systems in 2025 to six U.S. customers that include three of the top five largest Independent Power Producers (IPPs). The company plans to scale up production in the following year and reach full scale in 2027.

What is the sodium ion battery market?

Sodium ion batteries have emerged as a promising contender in this landscape, offering a compelling alternative to conventional lithium-ion batteries. This market overview explores the key trends, drivers, challenges, and opportunities that will shape the Sodium Ion Battery Market over the next decade. Market Scope: Market Dynamics: