You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. Whether sodium-ion batteries will reach parity with lithium-ion batteries is still an open question. This means that it is a lower cost material and it is a more secure supply chain, and since it can operate similarly to lithium-ion batteries it could be another contender for future “beyond lithium” technologies. The ESS market alone is expected to be >$50 billion. Aquion Energy developed aqueous sodium-ion batteries and in 2014 offered a commercially available sodium-ion battery with cost/kWh similar to a lead-acid battery for use as a backup power source for electricity micro-grids. Faradion Ltd., AGM Batteries, and Naiades are among the first technology movers in the global sodium-ion battery market. ajaphoto/Depositphotos. Annual revenues of major sodium-ion battery companies, their annual reports and forward-looking statements as well as industry end users were analyzed to derive the size of the market. The major companies are listed below. Altris AB is a spin-off company coming from the Ångström Advanced Battery Centre lead by Prof. Kristina Edström at Uppsala University. Otherwise, Natron will be competing with the incumbent stationary energy storage technology — lithium ion. The future of cars is electric – but how soon is this future? Another advantage is that sodium-ion batteries utilise the same manufacturing protocols and methodology as that required for commercial lithium-ion batteries owing to their similar working principles. This rationale was assumed by taking into account the higher molecular weight of sodium vs lithium (23 vs 6.9 g/mol) and a higher standard electrode reduction potential of the Na/Na+ redox couple relative to the Li/Li+ redox couple (-2.71 V vs S.H.E. ×. A sodium-ion battery, designed at Stanford, can store as much energy as a lithium-ion battery for less than 80 percent of the cost. The global “Sodium-Ion Battery Market Growth” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Global Sodium-ion Battery Market Overview. Cost: As stated earlier, since 2011, there has been a revival of research interest in sodium-ion batteries. The company build virtual battery models and constantly collect data with smart control units. [17][34] While sodium-ion batteries can use many of the same solvents in the electrolyte as used by lithium-ion battery electrolytes, the compatibility of hard carbon with the more thermally stable propylene carbonate is a distinct advantage that sodium-ion batteries have over lithium-ion batteries. Apart from being the sixth most abundant element in the Earth's crust, sodium can be extracted from seawater indicating that its resources are effectively infinite. Safety: Lead-acid batteries themselves are quite safe in operation, but the use of corrosive acid-based electrolytes hampers their safety. Natron’s batteries survive tens of thousands of deep discharge cycles, can be fully charged or discharged in just minutes, and cost significantly less than incumbent lead acid batteries.”. [45], Advantages and disadvantages over other battery technologies. Such requirement for lithium-ion battery transport is on account of the dissolution concerns of Cu current collector if the lithium-ion battery's voltage drops too low. Your email address will not be published. The start-up has demonstrated several operational prototypes: e-bikes, e-scooters, start & stop 12V batteries, 48V batteries. Your email address will not be published. Fortune Business Insights™ in its latest report published this information. -J.; Evans, D. “Transition metal hexacyanoferrate battery cathode with single plateau charge/discharge curve”. Energy Density: It was assumed traditionally that NIBs would never display the same levels of energy densities as those delivered by LIBs. pv magazine offers daily updates of the latest photovoltaics news. Such a rationale is applicable only to metal batteries where the anode would be the concerned metal (sodium or lithium metal). More than 4000 cycles have been recorded in terms of cycle life and rate capabilities exceed the 80% retention for a 6 min charge. Although Prussian blue provides modest energy density, the startup claims that Prussian blue is so earth-available and inexpensive that it could provide a cost-effective and sustainable answer for stationary energy storage. Hence, strictly speaking, the energy density of metal-ion batteries is dictated by the individual capacities of the cathode and anode host materials as well as the difference in their working potentials (the higher the difference in working potentials, the higher the output voltage of the metal-ion battery). "The development of the electrode has taken six months, so this gives us hope for improvement. Fluxus Ventures has also invested in the firm which has received a total of more than $50 million in venture funding and more than $5 million in ARPA-E and DOE funding. Lithium-ion batteries have their disadvantages — high reactivity, conflict minerals and environmental risk — but they are the clear-cut dominant winner in today’s battery race. can be used. ... Sanders from Avicenne, a French battery market forecast company, has reported that the worldwide Li-ion battery market will grow to more than $150 billion by 2025. An effective methodology to enhance the safety of sodium-ion batteries is to (partly) replace flammable solvents with non-flammable solvents as co-solvents or as additives.[35]. To extend the voltage range of sodium-ion batteries, the same non-aqueous carbonate ester polar aprotic solvents used in lithium-ion electrolytes, such as ethylene carbonate, dimethyl carbonate, diethyl carbonate, propylene carbonate etc. pv magazine USA offers daily updates of the latest photovoltaics news. Hence, electrolytes with a higher percentage of propylene carbonate can be formulated for sodium-ion batteries as opposed to highly flammable diethyl carbonate or dimethyl carbonate (preferred for lithium-ion electrolytes) which would result in significantly enhanced safety for NIBs. Researchers at the Washington State University and Pacific Northwest National Laboratory (PNNL) announced that they have created a sodium-ion battery that can be made with widely and cheaply available materials.They said that these batteries work as well as commercially available lithium-ion batteries, adding that they offer similar performance and can retain more than 80% of their charge … Barker, J.; Wright, C. W.; “Storage and/or transportation of sodium-ion cells”. As the sodium-ion battery is an alternative with additional benefits, storing the energy of solar and wind, thus it is expected to have an opportunity with the growing solar and wind energy market. Earlier this year, researchers at University of Wollongong’s ISEM made a breakthrough in sodium-ion battery design, having developed a material which is … It is expected that with the current rate of rapid progress in the field of sodium-ion batteries, such batteries would be eventually used in applications requiring very high energy density batteries (such as long-range electric vehicles and consumer electronics such as mobile phones and laptops) which are currently served by high cost and high energy density lithium-ion batteries. [43] According to the company, it was 85 percent efficient. Hence, sodium-ion batteries can be a drop-in replacement for lithium-ion batteries not only in terms of application but also during the production process. Battery Development New sodium-ion battery advance could challenge lithium-ion 22.06.2020 Author / Editor: Luke James / Florian Richert However, sodium-ion battery technology could approach and exceed the performance of Li-ion at a much lower cost and higher efficiency and safety levels. Metrics of energy density, cost, and lifetime are compared across various battery chemistries, where NIBs are surmised as front runners to meet the needs of the grid storage market. For one, it is three times heavier than lithium, so sodium-ion batteries are also heavier, even though lithium accounts for less than 5% of the total weight of a battery. [17] Sodium-ion batteries, using Al current collector on the anode, suffers no such issue upon being fully discharged to 0 V – in fact, it has been demonstrated that keeping sodium-ion batteries at a shorted state (0 V) for prolonged periods does not hamper its cycle life at all. Twaice is the new analytics platform for Battery Data. While the sodium-ion battery technology is very versatile and can essentially be tailored to suit any application, it is widely believed that the first usage of sodium-ion batteries would be for all applications which are currently being served by lead-acid batteries. The company is selling a proprietary iron based Prussian blue analogue for the positive electrode in non-aqueous sodium ion batteries that use hard carbon as the anode. With an energy density between 100 Wh/kg to 120 Wh/kg for this format, the technology targets applications in the fast charge and discharge markets. U.S. energy storage deployments reached roughly 500 MW in 2019 — of which only a few megawatts were non-lithium-ion chemistries. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. [17] They have also demonstrated transporting sodium-ion cells in the shorted state (at 0 V), effectively eliminating any risks from commercial transport of such cells. Read our policy. The current most widely used non-aqueous electrolyte uses sodium hexafluorophosphate as the salt dissolved in a mixture of these solvents. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Investors include ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, and Prelude Ventures. Unveiled in 2015 as a prototype by the RS2E network, this new type of battery is not currently available. Recently, researchers from Tokyo Univerisity of Science published their findings on how to produce hard carbon electrode material with capacities of up to 478 mAh/g. Barker, J.; Saidi, Y.; Swoyer, J. L. “Sodium ion Batteries”. Sodium-ion batteries have several advantages over competing battery technologies. First Solar sells 10 GW solar pipeline for $261 million, Intersect Power fuels growth with $600 million in equity and debt. Novasis Energies, Inc.: Originated from battery pioneer Prof. John B. Goodenough's group at the University of Texas at Austin in 2010 and further developed at the Sharp Laboratories of America. According to its website, Natron is developing batteries for “data-center UPS, electric forklifts, smart grids/microgrids, and renewables support. Additionally, electrolyte additives can be used which can improve a host of performance metrics of the battery. Researchers are beginning to nudge lithium-ion energy storage aside with a new breakthrough for batteries based on cheap, plentiful sodium. Legal Notice Terms and Conditions Privacy Policy © pv magazine 2021, Welcome to pv magazine USA. Sodium-ion Batteries Market: Key Players Key players operating in the global sodium-ion batteries market are AGM Batteries Ltd., Faradion Limited, Panasonic Corporation, Nrgtek Inc., and Aquion Energy. In a welcome development, the UK-based company Faradion is planning to establish the first sodium-ion battery manufacturing plant in … At present, there are a few companies around the world developing commercial sodium-ion batteries for various different applications. Kendrick, E.; Gruar, R.; Nishijima, M.; Mizuhata, H.; Otani, T.; Asako, I.; Kamimura, Y. Despite the blue-chip investors and rock-star entrepreneurs at QuantumScape and Eos and Natron — it’s a testament to the difficulty of developing a new battery technology that it has taken more than a decade to bring these products to the edge of industrial production. Natron Energy, developer of sodium-ion batteries, raises $35M as investment in storage surges The startup is building a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte. Aquion Energy filed for Chapter 11 Bankruptcy in March 2017. Sodium-ion battery solutions continue to gain traction worldwide. As a gauge on what viable sodium-ion cathode materials are based on, Faradion (the first commercial sodium-ion battery company, established in 2011 in the UK) has filed multiple patents on sodium nickel and manganese-based oxide cathodes which do not contain any cobalt. Faradion of Sheffield and Caithness battery make AGM Batteries have agreed to commercialise sodium-ion (Na-ion) batteries. Furthermore, the use of lighter Al current collector for anode helps enhancing the energy density of sodium-ion batteries. The major companies are listed below. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. [41][42] With a nominal operating voltage at 3.7 V, Na-ion cells are well-placed in the developing power market. Our patented chemistry delivers a high performance, safe and cost-effective battery solution for key applications, such as transportation, storage, back-up power and energy in remote locations. The limited electrochemical stability window of water, results in sodium-ion batteries of lower voltages and limited energy densities when aqueous electrolytes are used. Notify me of follow-up comments by email. EIT InnoEnergy has invested in the company from its inception. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. Electrolytes: Sodium-ion batteries can use aqueous as well as non-aqueous electrolytes. ) H2O displaying initial capacity of 158 mAh/g and retaining 90 % capacity after 50.... Cells are well-placed in the developing power market electrode has taken six,. 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