Numerous market studies show considerable drop in the price of the storage systems, both in mobile and stationary systems.
A study by Golman Sachs Research show the average pack prices will fall to around 60 $/kWh by 2030 as the demand soars for affordable reliable storage system for fostering integration of renewable energies.
The sodium-ion batteries (NIBs) are emerging as a promising alternative to lithium-ion batteries for stationary energy storage due to their cost-effectiveness, abundance of raw materials, and potential for larger-scale deployments. While they currently have a lower energy density than lithium-ion batteries, this is less of a concern in stationary applications where space is not as critical. CATL has confirmed it will commence mass production of its innovative Naxtra sodium-ion EV battery packs by the end of 2025.
The fierce competition between the world battery production leaders and the demand for eco-friendly affordable electric vehicle are among the factors that lead to this low